The Winslow mail. (Winslow, Ariz.) 1893-1926, 1923-06-15

]. Hansen, A ]. Bruneau, R. G. Alb
hey, j. P. Goddard, Lon Fisher, E.
Weinstein, M. H. 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 81, 1923.
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 II, 1920
J. E. Clark, County Clerk
By Jennie T. Harring, Deputy Clerk.
CERTIFICATE 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 a
meeting of the board of directors of
the above named corporation was
held at the office of the corporation,
Room SOP, Mcintyre Building. Salt
Lake City, Utah, on the 18th day of
! October, 1921, at which said meeting
/ the majority of ali the stockholders
OF said corporation were present;
/ that notice of said meeting was duly
! advertised, as required by law, in
/ the Salt Lake Tribune, 8, daily news
/ paper of general circulation in and
/ out of Salt Lake county; that at said
meeting Articles VI & 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
and
q Permanent Guarantee Stock
Fund
! 3. Investor Guarantee Stock Fund
That at said meeting the following
resolution were unanimously adopt
ed
BE IT 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
stock of this corporation shall be five
million dollars, divided into three
classes Of stock, to-wit:
A Expense Guarantee Stock;
B. Permanent Reserve Guarantee
Stock;
c. Investors Guarantee Dividend
Stock.
Amounts as follows:
l. 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-
INFLATED 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
a permanent stock, which shall be
held to protect the corporation and
guarantee all stocks, bonds, securi-
ties and creditors against loss.
g. Forty eight thousand nine hun
bred shares of Investors Guaranteed
Dividend Stock of the matured par
value of one hundred dollars per
share, payable by the subscriber in
one installment upon such suitable
installment plans as the directors of
this corporation may by resolution
enact.
The Investors Guarantee Dividend
Stock, when matured may be with
drawn by the owner thereof after
giving thirty days written notice to
the company of intention to with
draw The Investors Guarantee Di-
vidend Stock may be withdraw be-
fore maturity and the surrender
value thereof received by the owner
of said stock subject thereto, as he
| directors of this corporation NAV de-
termine from time to time by resolu-
ton or as fixed by tie bylaws Of the
corporation. All Withdrawals of In
vestors' Guaranteed Dividend Stock,
whether the same be made before or