The Winslow mail., 1923-07-20

State of Utah.
County of Salt Lake, IS.
Joseph J. Daynes, Daniel Alexan-
der and Wesley E. King, being each
duly sworn says: that it is bona fide
their intention to commence in the
foregoing agreement; that affiants
verify believe that each party to the
agreement will pay for the amount
of stock subscribed for by him, and
that at least five per cent of the cap
ital stock named in the foregoing
agreement has been subscribed
Joseph J. Daynes,
Daniel Alexander,
Wesley e. King.
Subscribed in my premises and
sworn to before me this 10th day of
November, 1920.
A. Calder Mackay,
(SeaD Notary Public.
My commission expires Nov. %,
1922.
State of Utah,
County of Salt Lake, ss.
On the 10th day Of November, 1920
personally appeared before me, Jo-
seph J. Daynes, Daniel Alexander,
Wesley E. King, M. S. Rosenblatt, N.
J. Hansen, A. J. Bruneau, r. G.. Alb
bey, J. P. Goddard, Lon Fisher, E.
Weinstein, M. Fl. Horton, John B.
Armstrong and Samuel w. Stewart,
the signers of the foregoing Articles
of Incorporation who duly acknowl-
edged to me that they executed the
same.
A. Calder Mackay,
(SeaD Notary Public.
Commission expires Nov. 27, 1928.
Endorsed No. 1926, Articles of In
corporation of the INTERMOUN-
TAIN BUILDING AND LOAN ASSO-
CITATION.
Filed in the Clerks office, Salt
Lake County, Utah, Nov. IL, 1920.
]. e. Clark, County Clerk.
By Jennie T. Harring, Deputy Clerk.
CERTIFICATE C OF AMENDMENT OF
ARTICLES OF INCORPORATION
Be it, known, that we Joseph J..
Daynes, Jr., and Thorvald L. Larsen,
president and secretary, respectively
of the INTERMOUNTAIN BUILDING
AND LOAN ASSOCIATION, a Utah
corporation, do hereby certify that we
are the president and secretary, re-
spectively of said corporation; that
meeting of the board of directors Of
the above named corporation was
held at the office of the corporation,
Room 502, Mcintyre Building, Salt
Lake City, Utah, on the 18th day Of
October, 1921, at which said meeting
the majority Of all the stockholders
of said corporation were present;
that notice of said meeting was duly
advertised, as required by law, in
the Salt Lake Tribune, daily news
paper of general circulation in and
out of Salt Lake county; that at said
meeting Articles VI e TX of the Arti-
cles of Incorporation of said corpor-
alton were duly amended, as is here
matter more specifically set forth
and that by said amendments the
authorized capital stock of the cor
ration was increased from one mil
lion dollars to five million dollars
and provision was made for three
classes of stock:
A Expense Guarantee Stock.
B. Permanent Reserve Guarantee
Stock; and
G. Investors Guarantee Dividend
Stock; and provision was made for
three Funds:
1. Expense Guarantee Stock Fund
2. Permanent Guarantee Stock
Fund.
3. Investor Guarantee Stock Fund
That at said meeting the following
resolution were unanimously adopt
ed:
"BE 1T RESOLVED: That Article
VI of the Articles of Incorporation of
this corporation is amended by stick
ing the whole of said article as now
written and substituting thereafter the
following:
Article vi. The authorized capital
million dollars, divided into three
classes Of stock, to-wit:
A. Expense Guarantee Stock;
B. Permanent Reserve Guarantee
Stock;
G.. Investors Guarantee Dividend
Stock.
Amounts as follows:
t 1. Ten thousand shares of Expen-
Sc Guarantee stock Of the par value
of one dollar per share, payable by
the subscribed as follows, to-wit:
Five cents per share on subscrip-
ton and the balance on call by the
Board of Directors, which said call
shall not at any time exceed five
cents per share, nor shall any call
be made under thirty day periods.
When such payments and all accu-
mulated receipts credited to said
stock shall equal one dollar per
share, said stock shall be fully paid
and shall stand as a permanent stock
to guarantee the expenses of this
corporation.
2. One hundred thousand shares
of Permanent Reserve Guarantee
Stock of the par value of one dollar
per share payable by the subscriber
as follows, to-Wit:
Five cents per share on subscrip-
ton, the balance on call by the Board
Of Directors, which said call shall
not at any time exceed two cents per
share, nor shall any such call be
made under ninety day period. When
such payments and all accumulated
receipts credited to said stock shall
equal one dollar per share, said stock
shall be fully paid as shall stand as
~ i0I, cho hn