The bystander. [volume] (Des Moines, Iowa) 1916-1922, 1918-12-06
STATUTORY NOTICE or MOOR
a PoRArIoN OF TIE BA1GKERs
RESERVE FINANCE CORPORA
TON. or DIES MONIES, IOWA.

PoRArIoN or. THE BAlGKERs
RrsERyE FINANCE CORPORA
rIoN, or DIES MONIES. IOWA
| To Whom 1t May Concern:
Notice is hereby given Of the organi-
zation of q corporation FOR pecnniary
profit under the provisions OF Chapter
i, Title TX, Of the Code Of Iowa, and
acts amendatory thereof and supplement
| tal thereto, az follows:
The name Of this corporation 10 the
BANKERS RESERVE FINANCE COR
lPORATION, and its principal place OF
business is at Des Moines, Polk County,
Iowa: it's 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 securl-
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
Edispose 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
III md RI
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
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-.
terprises Of every kind and character;
to investigate the credit, financial SOW
ency and suficiency of borrowers. (See
Article III Of the Charter.)
The amount Of Capital Stock Of this
corporation is One Hundred Thousand
($1OO,OOO) Dollars, divided into nine
| teen hundred (19O0) shares of Common
stock Of the part value of Fifty ($50)
Dollars each, and one hundred (1O0)
| shares Of Founder g stock Of the par
value of Fifty ($5O) Dollars each. No
stock shall be sold for less than 1000
Of it's par value, and no certificate shall
be issued for such stock until the cor
pordtion 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. y.
This corporation commenced business
on the oath day Of October, 1918, and
shall continue for period Of twenty
years thereafter unless sooner dissolved
BY majority Of the holders of the
Founder Is 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
| consisting Of nine members, elected by
| and from the stockholders, which shall
be held on the third Tuesday Of October,
1919, at . o'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 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
1.-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 meeting of
Founder IS stockholders is not being
held.
An Advisory Board, consisting of not
! less than fifteen nor more than twenty
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,
q 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. II.