\,
**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** Corpore**curporatlon organ**  

### ons of Artia1t **scnktiter of**  **tbim** 

### bushems **Daoclabcr 10,**  **und4v the4**  **exutdnin~ rtrant**  

### by reason **of bor** 

**n** l**a of**  

### date indloatod retlostn 

### the mm of $6 ,lar).77, the **C the**  **corporation lacklnr:**  **m8ld ne;**  

### the 1i~blllLier of said cer**yoretlon, exclueite**  **of ’**  Its **llabillty to**  **itm** 

### l **tostictldsrs 8~**  **much. The**  **oop~on** 

### e8pltaI atoak **of thi** * **oorporation 18**  **on 8**  **no-par bada.**  **An other**  **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!**  **corpora tion**  **was qdflsed**  **C&t /I**  **4~ de4md**  **to ba**  

### in**RC~VC*** **6b tbc**  **ext*mt** **of $a,m1.77~**  **and said**  

### cwpw*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**  **in soltenoy**  **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** inool**rcno~ 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.w**tclns 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 QWect**  **Lvc, 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 guumwre la 

### tbc l

### um**mentioaad w**  **you, rnd**  **is em**  **ditioaed u**  **rolleT~r**



### walDiTl6hlm TUT tbt bU@PS **at** 

### all or **mid** lmseta 

### 8l~ss&fird bl the surinOr l

### 8 **lommo** l**m** 

### set **out in**  **?hbiblt ‘** **A ’**  **beret0** bt

### t&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 oxten**SiQDS 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 

### uumiof $a,500.w 0-w ana **8bote** 

### eollactloa 

### mpeme Crawi 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 

### Comxdulorkeret rexas.

l l 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 le 

### reapeetfully **advised** tbmt 

### tbc **inntruacnt** La a contlnulnp, ebligatloa, ard rill **ba** 

### l mb until 

### (inalu**difq)** o’ebrcury 1, 1944.

At will bo 

### uen t&at In **the 1ariOuo**  **part8 ot**  **the** 

### awnliti6a

l 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 uost8 Ch.lUP OS $v#ull.@I 

## at ibis t1n, 6r 

## 6t luay 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 cor**  **por8ritka** 

### (*irtJa tbo p@mal *tai aawd) aa ai February 

### 1, 1944.