The bystander. [volume] (Des Moines, Iowa) 1916-1922, 1918-12-13
nAru1oxY NOTICE OF uScoR-
ro1AfIoN OF :" 1AMK81S
x8RIv8 FINANCE Co1rOxA-
TON, OF DEs l1OugKA IOWA

IoGA1I0N OF 1HB 1AMH19
xRGxHv8 FRANCE CORPORA
TON, OF DIES MONTHS. IOWA
To Whom 1t Nay Concern:
Notice is hereby given Of the organi-
ration Of corporation for pecuniary
profit under the provisions Of Chapter
/, Title TX, Of the Code Of Iowa, and
acts amendatory thereof and supplement
tai thereto, as follows: ~
The name of this corporation is the
BANKERS RESERVE FINANCE COR
PORATION, and its principal place Of
business is at Des Moines, Polk County,
Iowa; its Articles Of Incorporation are
of record in the Office of the recorder Of
deeds of Polk County, Iowa, and also IN
the Office of Secretary of the State OF
Iowa, and a certificate of incorporation
has been duly issued pursuant to law.
The object and purpose of this cor
poration shall be the handling of securi-
ties of every kind and description, and
especially securities in which banks,
trust companies and insurance com
panies may lawfully invest; it shall
have the right to purchase or otherwise
acquire, hold, handle, sell and otherwise
dispose of all forms Of negotiable paper
or other securities Of every class or
character; to deal in warehouse receipts,
bills of lading, patents, trade marks,
and copyrights; to borrow, or raise
money, by the issuing and selling OF
bonds, bills of exchange, notes, certifi-
Gates and other commercial paper or
Ill m no
payment thereof by mortgages, deeds OF
trust or otherwise; to act as bailee or
money, securities or other things OF
value, and to provide safety deposit
boxes for its customers; to act as fiscal
or financial agents, and as holding com
pany for others; to purchase, or other
wise acquire, hold, develop, deal in,
manage, operate, develop, sell and other
wise dispose of real estate and real es-
tate interest; to guarantee and defend
the title to real estate; to act as real es-
tate or insurance agents; to promote
and give financial aid to corporate en-
tcrprises Of every kind and character;
to investigate the credit, financial solv-
ency and sufficiency Of borrowers. (See
Article III of the Charter.)
The amount of Capital Stock Of this
corporation is One Hundred Thousand
(s1O0,OO0) Dollars, divided into nine
teen hundred $4,000 shares of Common
stock of the part value of Fifty (450)
Dollars each, and one hundred (1OO)
shares of Founders stock Of the par
value of Fifty $500 Dollars each. No
stock shall be sold for less than 10000
of its par value, and no certificate shall
be. issued for such stock until the cor
poration has received payment thereof
in cash, or property; and before any
such stock is issued for anything other
than cash, authority for such exchange
must be secured from the Executive
Council Of the State of Iowa, as by law
provided. IT.
4 This corporation commenced business
on the oath day Of October, 1918, and
shall continue for period Of twenty
years thereafter unless sooner dissolved
by a majority of the holders of the
Founder g stock issued and outstand-
ing; provided, however, that the cor
porate period Of this corporation may be
extended for the time and in the man
uer, dS pTOtlueu ny law.
The affairs Of this corporation shall
be conducted by a Board Of Directors
consisting Of nine members, elected by
and from the stockholders, which shall
be held on the third Tuesday Of October,
1919, at clock P. M, at the Office of
the company in Des Moines, Iowa. The
Common shareholders are entitled to
elect four directors, and the holders Of
the Founders stock shall be entitled to
elect FIVE members, or one more member
than the number elected by the holders
of the Common shares.
An Executive Committee, consisting
of three members, elected by and from
the directors, shall be vested with all
the powers of the Board Of Directors,
and enjoy all of the rights and privi-
leges Of the Board when the same is not
in session, and, when a meeting Of
Founders stockholders is not being
held. ...- ~
An Advisory Board, consisting of not
five members, shall be appointed by the
Board of Directors from the stockhold
ers, and shall meet with the Board of
Directors or Executive Committee in an
advisory capacity.
The Board Of Directors shall elect
from their own number the three mem
bers of the Executive Committee, a
chairman, a president, vice president,
a secretary, and a treasurer; and also
from the stockholders, the members Of
the Advisory Board; and also such other
officers, representatives and employees
as the Board may deem necessary.
Until formal action is taken by the
Board Of Directors, the Board Of Direc
tors shall consist of J. G. Tharp, R. T.
Rhine, and II. L. Johnson; and J. G.