ART. 23.] CORPORATIONS—BUILDING OR HOMESTEAD. 315

1868, ch. 471, sec. 91.

102. Any trustee or trustees, person or persons, to whom any
such conveyances shall have been made, to and for the use of
such incorporated association, may be required to assign and
transfer the same to such corporation, and such conveyances,
shall be as good and sufficient as if made to such corporation;
and all the liabilities and obligations of, by and between the
members of such incorporated association of persons, shall
remain of as binding force or effect as if such association had
been incorporated from the first.

Ibid. sec. 92. 1872, ch. 178.

103. The provisions of the eight foregoing sections shall be
taken and held to apply to coi-porations which have been or may
hereafter be formed in this State, under the provisions of this,
article, for the purpose of loaning money on real or personal prop-
erty or for buying, selling, leasing or otherwise dealing in land,
and such corporations may by their by-laws provide for the pay-
ment of all or any part of their stock in advance, and shall have-
the power to enforce the payment of all dues, legal interest or pre-
mium due to such corporation from its members, stockholders or
borrowers, by such fines and forfeitures as the directors may from
time to time provide in its by-laws; and it shall and may be law-
ful for any of the corporations mentioned in this section, at any
time, either before or after the shares of its stocks shall have been
fully paid up, to redeem or purchase the same at such sum or
price as such member may agree to receive therefor, or to loan to
such member the par value of its shares as fixed by its certificate
of incorporation for any number of shares then held by such mem-
ber, for any number of years and upon such premium or bonus as.
may be agreed upon between the corporation and member or bor-
rower, and either to deduct such premium or bonus in advance or
to make the same payable with and as a part of the weekly dues
in each and every week during the period of such loan, and in the
payment of such sum of money by such corporation, then to re-
ceive from such member a transfer of all his or her interest in
such share or shares of its stock, and also security by way of mort-
gage on real or personal property, or by hypothecation of unre-
deemed shares of its stock so sold by such member; and said