新手请问NN们！！{主句,从句，and从句 是可以的吗？？

ZZP无敌

句子是这样
The original loan and building associations were organised as limited life funds, whose member made monthly payments on their share subscriptions, and then took turns drawing on the funds for home mortgages.
请问画线部分可以这样用吗？这样用and并列是正确的吗？
thank you NNs