1874.] OF THE SENATE. 983

any such building association, homestead association, land
company, or any similar association in this State, to impose,
charge or receive any fine for the non-payment of weekly
dues, or repayments exceeding ten per centum on the amount
of such weekly dues or repayments, and under no circum-
stances shall such fine or fines be compounded, and any
holder or holders of shares in any such association or com-
pany not paid up, and for which a certificate or certificates
of stock shall not have been issued, shall have the right at
any time to withdraw the full amount of his, her or their
deposits paid in, on account of paid shares, by giving sixty
days notice in writing to the treasurer of such association or
company, of his, her or their desire to do so, together with
legal interest upon the same; provided, such person has been
a member of said association for the period of six months,
less his pro rata share of the expenses of said association for
the period of his membership, and any holder or holders of a
certificate or certificates of the stock of any such association
or company, shall, without the consent of such association or
company, have the right to sell, assign or otherwise dispose
of said certificate or certificates, and the bona fide holder or
holders thereof, shall be deemed and considered to be a mem-
ber or members of such association or company, and upon
presentation of said certificate or certificates to the treasurer
of such association or company, the same shall, without
charge, be duly transferred on their books; provided, that
any such association or corporation may, in its Constitution
or Articles of Associations, or By-Laws, reserve the right to
purchase such certificate or certificates from the holders
thereof, at the same price or sum of money which such holder
or holders thereof shall have paid for the same, at the time
the holder or holders thereof shall require such transfer to be
made to him or them, on the books of such corporation or as-
sociation, and every such association or company shall furnish
its debtors with a half-yearly statement of the principal sum
actually due the association or company at that time, and
when any borrower from any building or homestead associa-
tion, land or loan company, in this State, shall pay or tender
in payment to such association or company the amount bor-
rowed, less the amount repaid on account of the principal
sum borrowed, together with a release fee not exceeding three
per centum on the amount borrowed, with all arrearage of
dues, interest and fines, then such borrower shall be entitled
to be released from all further claims or demands of such as-
sociation or company.

"SEC. 3. And be it enacted, That no building association,
homestead association or land company shall, except in case
where the borrower is a member of such association, and as
such member, participates in the profits of such association,
shall charge a greater interest than at the rate of six per