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Show ' CATHOLIC KNIGHTS. Will Loan the Surplus in Reserve Fund to the Church. By an amendment to the supreme constitution of the Catholic Knights of America the order is permitted to loan the surplus in their reserve fund to the Church to the amount of $450.-000, $450.-000, at an interest rate of not less than 4 per cent clear of all tax and expense. ex-pense. These loans may be made to the archbishops and bishors of the diocese dio-cese applying for the loan, and in addition ad-dition to the properties mortgaged there shall be a good and sufficient bond signed by the parishioners' or executive officers of the parish or institution. in-stitution. The limit of loan to any one diocese shall be $100,000, and the smallest was fixed at $5,000. The above amendment was submitted by John J. O'Rourke of Philadelphia, supreme delegate from Pennsylvania. |