Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-12-16


Notice is hereby given by WESTERN
LOAN & SAVINGS COMPANY, a Utah
corporation, that at the next annual
stockholders meeting of said company
January, to-wlt on the sth day OF Jan
uary A d. 1906, at the hour OF o'clock
p. m, OF said day at the office and place
OF business Of said company, No. ~ East
First South Street, Salt Lake City, Utah,
1t Is proposed 10 make several changes
and amendments In the Charter or Arti.
Giles OF Incorporation OF the Company,
a full attendance ~ all stockholders of
the Company is desired. The nature OF
tho proposed changes and amendments
are substantially as follows;
J. 10 substitute State OF Utah for
Utah Territory in the fourth article.
IL; In the NTH article to provide fol, a
capital stock Of five million dollars $500. /,
(6o,co) shares in place OF a capital
Of one million dollars 0l,on.Np.oDi
ana TO ratify such increase OF capital
and TO provide for and confirm the crea'
tion OF another class Of stock 10 be known
as General Fund Stock" said stock 70
guarantee the payment OF expenses by
the Company from the amount set apart
for that PURPOSE; and providing Tor ana
ratifying an account TO be caiied 'Ek-
penses PAID Account" in which an ac-
count shall be kept OF the return to with
drawing stockholders OF the amounts
contributed by them for expenses and pro-
viding that such account shall be deduct
ed from the profits Of the Company.
for tho deduction OF expenses paid from
interests and prohts.s Also TO provide
IN said article that the general FUND shan
be credited with:
(a) The proceeds OF the sale or the
general fund stock.
(b) Ten cents 00c) per share per month
upon instalment stock;
(c) Such amount upon all other classes
Of stock which may now exist or may
be created as the Board OF Directors shall
determine by resolution,
I'd All fines and fees except attorneys
fees and appraisal fee and
(e) Dividends from the. general earn.
ngs Of the Company on the full amount
to the credit OF said stock during a dlVi-
dend earning period.
Also to provide In said article for q
savings department and providing, that
the reserve fund shall be responsible for
the operation OF said department ana shail
DO entitled to Its earnings TO provide
In said article that the loan fund shall
be charged with the expenses or with.
drawing stockholders, and 70 proVide that
the Board Of Directors shall have author
ity to agree to the return OF the ex-
penses paid by Withdrawing stockholders
IN such cases as they deem for the best
interests OF the Company; and 10 pro-
ydo further that failure TO enforce
contract on account Of the fact that the
enforcble shall not be considered a loss,
". To make the article now known
as the tenth u0th) article, the eleventh
Qlth) article and TO strike from said
board and to provide that any officer or
director may resign. or for good cause.
be removed and providing that the Board
OF Directors may I'll such vacancy.
V. To provide In the tenth uothl art'
Gle for the term OF office Of the officers,
the election OF Board OF Directors by
the stockholders and for the election BY
the stockholders OF the officers Of tho
Company from said board.
the manasement Of the affairs OF the
Company shall be vested IN board Of
directors and that majority OF said
board shall constitute a quorum,
VII. TO provide in . new article for
mIttee which shall have charge OF appli'
cations for stock and loans, the prepare.
ton of the literature, employment OF
agents and employees, the fixing OF copl-
pensations. the handling of the finances
including the issuance OF vouchers ana
signing OF warrants and checks and dis
bursements OF funds, and providing FOR
report OF all proceedings OF said com.
mlttee to tho Board Of directors ana that
Its action shall be unanimous.
VII To provide IN new article tfs
annual stockholders meeting shall BE-
held upon the second Monday In January
In each year, at O'Clock u, m, FOR the
holding OF special meetings and for the
procedure regulating the holding Of such
TX. 10 provide In a new article that II
at any time salaries are paid by the
Company 10 its officers, such salary shall
not exceed definite amount 10 be de-
termned IN said Charter or Articles OF
Incorporation.
X. 10 provide in a new article how the
Charter or the Company may bo amend
XI. To state in now article in sub
stance the plan under which the Com
pany makes Its loans.
XII To provide IN new article that
the foregoing amendments, or such as
may be adopted. are made 10 conform
to the legislation enacted by the State
OF Utah since the adoption OF the Char
ter, and 10 obtain the BENEFITS OF such
legislation and for the purpose OF har-
the established plans and prac-
tees OF the Company IN every respect
with It's articles Of Incorporation, and to
the extent that shall appear TO be wise
and expedient to the stockholders and to
make such other changes and amend.
monts as shall appear wise, expedient or
necessary to the stockholders.
Dated at Salt Lake City Utah. this 18th
day of December. A. ID. 1895. and ordered
TO be published by resolution OF tho Beard
OF Directors at q regular meeting OF the
board. held on the 18th day OF December
A. ID. 1906 at s o'clock y. m.
T. W. MADsEN,
President
II. NJ. II. LuND.