The bystander., 1918-11-29
STATUTORY NOTICE or ugCoR-
P0HATIoN OF THE 1ANKHRS
RESERVE FINANCE CORPORA
TION, or DEs MONIES, IOWA.

TON, OF DEs MONIES, IOWA.
To Whom It May Concern:
| Notice is hereby given Of the organi-
zation Of corporation for pccuniary
profit under the provisions Of Chapter
II, Title TX, Of the Code Of Iowa, and
acts amendatory thereof and supplement
tai thereto, as follows:
X The name Of this corporation is the
BANKERS RESERVE FINANCE COR
PORATION, and its principal place Of
business is at Des Moincs, 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 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 E 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
corporate obligations, and to secure the
payment thereof by mortgages, deeds of
trust or otherwise; to act as bailee of
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
par,y 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-
terprises 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
($1OO,000) Dollars, divided into nine
teen hundred (f900) shares of Common
stock of the part value of Fifty $500
Dollars each, and one hundred (1Oe)
shares of Founders stock of the par
value Of Fifty ($50) Dollars each. No
stock shall be sold for less than 1000
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.
This corporation commenced business
on the gath day Of October, 1918, and
shall continue for period Of twenty |
by majority of the holders of the |
Founders 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 |
ner, as provided by law.
The affairs Of this corporation shall |
be conducted by a Board of Directors |
Of nine members, elected by |
and from the stockholders, which shall |
be held on the third Tuesday of October,
1919, at clock p. NJ, at the Office of |
the company in Des Moines, Iowa. The
Common shareholders are entitled to |
elect four directors, and the holders of |
The Founder g stock shall be entitled to
elect five members, or one more member |
than the number elected by the holders
IF the Common shares.
An Executive Committee, consisting
If 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-
eges of the Board when the same is not
IN session, and when a meeting of
Founder IS stockholders is not being
leld.
An Advisory Board, consisting Of not
ess than fifteen nor more than twenty
i've members, shall be appointed by the
Board Of Directors from the stockhold. T
,rs, and shall meet with the Board Of
Directors or Executive Committee in an
tdvisory capacity.
The Board of Directors shall elect
rom their own number the three mem
,ers of the Executive Committee, a
hairman, a president, a vice president,
j secretary, and a treasurer; and also
rom the stockholders, the members of
he Advisory Board; and also such other
,fficers, representatives and employees,
IS the Board may deem necessary.
Until formal action is taken by the
Board Of Directors, the Board Of Direc-
ors shall consist of ]. G. Tharp, r. T.
thine, and II. Z. Johnson; and J. G.
rharp shall be president and treasurer,
md r. T. Rhine shall be vice president
nd secretary.
The highest amount Of Indebtedness