The Winslow mail. (Winslow, Ariz.) 1893-1926, 1923-06-15
ARTICLES OF INCORPORATION
OF THE
INTERN BUILDING AND
LOAN ASSOCIATION


LOAN ASSOCIATION
Know all men by these presents:
That we the undersigned have this
day voluntarily associated ourselves
together for the purpose of forming
corporation to be known as a build
ing and loan association, under the
laws of the state of Utah, and We do
hereby certify:
Article /.
That the name of this association
shall be INTERMOUNTAIN BUILD
ING AND LOAN ASSOCIATION.
Article II.
That the said corporation is organ
lied at and the principal place of its
general business shall be at Salt
Lake City, Salt Lake county, state of
Utah. Branch places of business, each
complete in itself, or otherwise, for
carrying on the business may be es-
tablished, at such other places as
the board of directors may deem ad-
visable.
Article III.
The names of the incorporators and
their places of residence and the
amount of Guarantee Stock subscrib-
ed for by each, are as follows, to-wit:
Name race OF HeSlQeuCo
Par Value No. of Shares
Joseph Daynes, Salt Lake,
City, Utah, $4,000 10000 shares
Daniel Alexander, Salt Lake
City, Utah $4,000 10000 shares
Wesley E. King, Salt Lake
City, Utah 100000 1000 shares
M. S. Rosenblatt, Salt Lake
City, Utah $5,O0O00 5000 shares
N. J. Hansen, Salt Lake
City, Utah 100000 5000 shares
A J. Bruneau, Salt Lake
City, Utah $2,500.00 $500 shares
II & Alley. salt Lake
City, Utah $2.500.OO $500 shares
]. P. Goddard, Salt Lake
City, Utah $2,50000 $500 shares
Lon Fisher, Salt Lake
City, Utah $5,00000 5000 shares
E. Weinstein, Salt Lake
City, Utah 100000 5000 shares
NJ. H. Horton, Salt Lake
city, Utah $5,6OOOO $500 shares
John B. Armstrong, Salt Lake
City, Utah $2,5000O $500 shares
Samuel w Stewart, Salt Lake
City, Utah $4,000 500 shares
Article "
The term for which said associa-
tion is formed is fifty (50) years.
Article V.
Sec. 1. The purpose for which said
association is formed and the charac-
ter of it's business shall be:
To provide q loan and investment
fund by sale Of stocks, bonds, certif1-
Gates and other securities, the same
to be paid for in single payments, or
by installments; to make loans to its
members on a monthly payment plan
of principal and interest; to borrow
and receive money for loan purposes
and handle contracts, stocks, bonds,
and other securities for same. To fl
nance the construction Of buildings
on real estate owned by the assOcia-
tion or others, and to sell, loan, mort
gage, and otherwise contract with
reference thereto.
Sec. 2. To protect and further it's
interests, the association shall be en-
powered to act as agent for all class
es of insurance, liability, surety, loan
and other financial corporations; to
do each, all and everything that may
be necessary or essential in and alb
out the carrying out of the objects
aforesaid, and all other purposes, and
objects permissible under the laws
Of the state of Utah, now in force or
which may be hereinafter enacted.
Article vi.
The authorized capital stock of this
association shall be one million ($1,-
000,00000) dollars dirived into two
classes of stock, one hundred thou
sand 600 000) shares of Guarantee
Stock, Of the par value Of one ($100)
dollar per share, payable by the sub
scribed as follows, to-wit: Five (5c)
cents per share on subscription and
the balance on call Of the board of
directors, which said call shall not
at any one time exceed two (2c) cts.
per share; nor can a call be made
under ninety (90) day periods.
When such payments and accumu-
lated earnings thereon equal one
($1.00) dollar per share, said stock