\, 

O’FFICE OF THE ATTORNEY GENERAL OF TEXAS 

AUSTIN 

rroooroble Jno. tk. LeAdams 

Codmion4r, Department 41 banking 

Au8tln, 74x86 

Dew hr. Jun;lsonr 

h re8poct to the 

In the oaptioa 

8 Finonac Corporecurporatlon organons of Artia1t 

scnktiter of tbim 

bushems Daoclabcr 10, 

und4v the4 exutdnin~ 

rtrant by reason of born l a of date indloatod retlostn the mm of $6 ,lar).77, the 

C the corporation lacklnr: m8ld 

ne; the 1i~blllLier of said ceryoretlon, exclueite of’ Its llabillty to itm 

l tostictldsrs 8~ much. The oop~on e8pltaI atoak 

of thi* oorporation 18 on 8 no-par bada. Another ray of mteting the finanoiel posttion Of 

tLt0 coatpany an of date rdatlcncd iu tu dvise 

dtut 16uscs in aseets ~ertn set up in the stm 

of $r, #7L-7 .%J, rim the nnLirP CapLtul acoount 

US’ clre instLtutlun 4411% f%l,6?b).61. 
l Poll~lnr this rxrtlnltian tbr! corporation was qdflsed C&t /I 4~ de4md to ba inRC~VC* 6b tbc ext*mt of $a,m1.77~ and said 

c wp w*tl*n raji requestad tO cause thn asmets 

1:’ E:I? wrjqany tn bs inoreaeed crald ammnt 

i&w uidoh raquert 04rtah of the dirb-atot& 

tif+rorrd 10 CIWP the espital iqalrment er insoltenoy by 4x4outLna 4 acrtsin guaranty 

vuicil was subse~d*atly acoopted by thin UCpart&ant YO rostoriw; the corporation to SOLvcncy, saSd guorb+y teln~: in Ibr t3km of 

$ls,6W .h . 

l The cuP,:cratLm ha4 bowi recently OX&I.- 

Inti by re~reaentaLlrs0 of t1r.b L)4p4rtax3ntt 

SLY US close? nt' bunineec stpttdter m, 1912. 

;Fhe PlnarrcAnl condition of the con+sny , au 

84t *ub Ln bhe avst rsoont report, rrtlecta 

u CeplU~l UCCtUint in the sutt Ur $2Y,O70.42, 

and ~~UOified Louma la tlla WUSJ of $42,21a .7s, 

cbus again ttatablial~ing Y condition of inoolrcno~ tb thr: nxteht et $14,145.82 - without 

rc~.ard co tke outstilrdlng qmrnnty. 

0013 are ~leu~ti lo WJC~QS~ a copy cc- natal 

guaranty, tugether with exhibits, an t&a lnrtruunt aust be canrtrund In urdtv to dct.wtclns rherhar or not the extent of lnsoltenq 

at the preamt the in 6ftl\4R.P2, w:~lctr would 

b4 the proper awunt if’ the ~uarontr is QWectLvc, or $14,lrft.P2, rrbiri: routd hc the !vtaPt 

o? inrulrency if the fiuacanty im cna~llfind 

tbruugh certuln of it.6 stl~wl;rtl~~s. 
the guaranty cootract, a copy ot which ir attubed co your lettor, la in rw~~hr term, and sbli~rtcs 

the guumwr e la tbc l um mentioaad w you, rnd is emditioaed u rolleT~r 

walDiTl6hlm TUT tbt bU@PS at all or 

mid l mseta 8l~ss&fird bl the surinOr l 8 

lommo l m set out in ?hbiblt ‘A’ beret0 btt&hi, m&all ~011 &ad truly dlrebugr w 

pcyumt in eamh, lrrful ~onay of &ho Utitad 

stale0 of Ameriaa, upon tbe agC.r@~rtO et 

aaid abllgatiuue or 8ay renaual@ or oxtenSiQDS ol 88&b, on or before Pcbmac7 1, lQ44, 

La UC, BUR of nob 1e.a than fb,MK).OO net, 

tt being t&e jwrpoac ef bbi~ guaradty to 

guamntee uacandLtlanally the colle6tioa et 

o net uumi of $a,500.w 0-w ana 8bote eollactlo a mpeme Cr a wi l aid suet. olaasititi by tbc 

exudmr u 10su0, tbo JIatimal Iduaators 

Flame Corporabloa bein(c them l lmnt, lb the 

deterplllutlerr ot State &uklng Comxdulorker et 

r exa s. ll l , 

rThls eontrwt shall baeotie null aI told 

upon the remtsratioa ot rolrenc.y, er upon tbe 

pa7n;cmt bl the guurntoro at all ot maid l 1~) or 

mwh rmeunt thsaot as may be DwmmoarT rttbin 

tba detel3u.iMtiOD ot tbc LUklry Ciodmsion9!r 

to reotorc t&is 8olreDe~ ot raid sarpontim or 

UDO~ the ootleotion of the net 8um at @U.mO.Oa 

Xw l e reapeetfully advised tbmt tbc inntruacnt 

La a contlnulnp, ebligatloa, ard rill ba l mb until (inaludifq) o’ebrcury 1, 1944. 

At will bo uen t&at In the 1ariOuo part8 ot the 

a wnliti6l a ttuhed bo tbc purnt~ it lo 4xpra8sly requirml 

tub ~118 oorysratioa at she tIma of paynioat to it ot the 

amount ot tb@ l bli@Uoa on or before February 1, 1~44, 

~Dall be sQllOot. 10 0fTect a disaharge of Lhis yuanty 

obllgrtlua jmytmt un the llrtcd items ruot be sada on or 

before iebruar~ 1, 1944, ami the ooryor~tlon at t&t time 
Yowevu, upon the aorperatiaa*o l &Un~ to it a 

uo st8 Ch. l UP OS $ v#ull.@ at I ib is t1 n, 6r 6t lua y time 

fliar to Fe8rubfy 1, 1944. tbo ocrpomtioa ~111 hate 

thecebr been rutmU 64 l olren6~ anti1 l turtbu der&ol6no~ ia u4.t~ uim.4. la l tbor vordm, TO omntnm 

t.hfI obligotioa to bo b guar&at~ of #lvmq ot the corpor8ritka (*irtJa tbo p@mal *tai aawd) aa ai February 1, 

1944.