Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-12-23

NOTICE TO STOCKHOLDERS.

Notice IS hereby gwen BY WESTERN
LOAN g. SAVINGS COMPANY. a Utah
corporation, that Mt the next annual
stockholders meeting OF saiG company
January. to-wit on the sth day Of Jan
uary, A ID. 1876. at the hour OF O'Clock
p. M. OF said day al the office and place
Of business Of said company, No. AZ East
First South street, SAT- Lake CITY ItahS
IT Is proposed to make several changes
and amendments IN the Charter or Aitt'
cles OF Incorporation OF the company:
a full attendance 81 all stockholders ot
the Company Is desired. The nature or
the proposed changes and amendments
are substantially as follows:
/. To substitute state OF Utah" for
Utah Territory In the fourth article.
II. In the NTH article 10 PROVIDE IoI
capital stock Of I'VE million dollars N1,NO'
cO.0o) divided into hity thousand
to9.y0) shares In place OF capita.
OF one million dollars MWo'vl.Vyli
and TO ratify such Increase OF capitAI
and to provide for and confirm the efea-
ton of another class Of stock to be known
as General Fund Stock SAID STOCK %
guarantee the payment OF expenses w
the Company from the amount set apart
for that purpose: and providing for and
raufying an account 10 be called EN-
penses Paiu Account IN when an ac-
count shall be kept OF the return 10 with
drawing stockholders Of the amounts
contributed by them for expenses anu pro-
yiding that such account snail be deduct
cd from the protts VI the company
III. TO provide In the seventh .arueie
for the DEDUCTION of expenses paid from
interests and profits. Also 10 pfoNlae
In said article that the general tuhu snaii
be credited with:
(aj The proceeds Of tho sale OF the
general fund stock,
90 Ten cents tlOc) per snare per lnoutH
upon lnstaliment stock,
(cD Such amount upon all other classes
OF stock winch may now exist OF may
be created as the Board or directors shai
determine by resolution,
I'D All hnes and tees except attorney
fees and appraisal fee; and
(e) Dividends from the general earn
ings OF the Company on ths & %mSuht
TO the credit OF said stock du. dg uINl-
dend earning period.
Also to provide in said article for a
savings department and providing mat
the reserve fund shall be responsible ior
the operation OF said department and sn9il
be entitled 70 Its earnings, 70 pfoSidr
In said article that the loan fund shan
be charged with the expenses OF wl;h-
drawing stockholders, ana 70 PROVIDE nat
the Board Of Directors shan have authoi-
ity 10 agree to the return OF the. eN-
penses paid By Withdrawing stockholders
In such cases as they deem Tor inc pssl
interests OK the Company; and 70 pro-
vide further that failure TO enforce a
contract on account OF the fact that tho
courts shall hold il TO be illegal VI IN
enforcible shall not be considered loss.
~. To make the article now Known
as the tenth doth article, the eleventh
Qlth) article and to strike from san
article all reference to an advisory
board and to provide that any othcer or
director may resign, OF for good cause
be removed and proyiding mat me board
of Directors may MI such vacancy
V. To provide In the tenth QOthl arti-
Gle for the term Of office Of the officers.
the election OF Board OF DIRECTORS by
the stockholders aud for the election 9y
the stockholders OF the officers OF the
Company from said board
VI 10 provide In a new article that
the management Of the AFFAIRS or the
Company shall be vested IN board 9I
directors and that a majority Of said
board shall constitute a quorum
VII To provide In . new article for
the existence Of an executive finance com
mittec which shall have charge OF appll-
cations for stock and loans, the pyepara-
ton Of the literature, employment OF
agents and employees, the liking or com
pensatlons, the handling OF the finances;
Including the Issuance or vouchers ana
signing OF warrants and checks and dis
bursements OF funds ana providing Tor
a report 81 all proceedings OF said COM
mttee 10 the Board Of directors and mat
its action shall be unanimous
VIII. To provide IN new article us
annual stockholders meeting shall be
held upon the second Monday In January
in each year, az o'clock p m? Ter the
holding Of special meetings and for tho
procedure regulating the holding OF such
TX H. proylde IN a new article that II
AZ any time salaries are paid by the
Comnany 10 it's officers. such salary shall
moi exceed a definite amount 10 be de-
tcrmucd IN said Charter OF Articles OF
Incorporation.
Charter of the Company may be amend
XI. To state IN a new article IN sub
stance. the plan under which the Com
pauy makes It's loans.
XII To provide IN n new article that
Tho foregoing amendments or such as
NAV be adopted are made 10 comforts
10 the legislation enacted by the state
~ Utah since the adoption n the Char
ter and 10 obtain the BENEFITS Of such
legislation and for the purpose OF har-
m0rizlrr the established plans and prac-
tices uf the Company In every respect
with lts articles Of incorporation. and 10
the extent that shall appear 10 be wso
aud eNpedient to the stockholders and %
make such other changes and amend
ments as shall appear wise eNpedient or
necessary 10 the stockholders.
Dated at Salt Lake city Utah this 18th
dav OF December. A. - 1910 and ordered
10 he published hy resolution OF the BOARD
81 Directors al a regular meeting OF thu
hoard held on the nth day Of December.
A. ID. 1895. at o'clock p. M
p. W. MADSEN.
President.
II. NJ VI LUND,
Assistant Secretary.