The Coconino sun., 1923-08-31


Joseph j. Daynes, Daniel Alexander
and Wesley E. King, being each duly
sworn, says: That it is bona fide their
intention to commence in the forego-
ing agreement; that affiants verify
believe that each party to the agree
ment will pay for the amount of stock
subscribed for by him, and that at
least five per cent of the capital stock
named in the foregoing agreement has
been subscribed.
Joseph J. Daynes.
Daniel Alexander.
Wesley E. King.
Subscribed in my presence and
sworn to before me this 10th day OF
November, 1920.
A. Calder Mackay,
(SeaD Notary Public.
Ny commission expires November
"a, 1922.
State of Utah.
County of Salt Lake, SIS.
On the 10th day Of November 1920,
personally appeared before me Joseph
J. Daynes, Daniel Alexander, Wesley
E. King, M. S. Rosenblatt, n. j. Han
sen, A. ]. Bruneau, r. G. Abbey, J. Z.
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 acknowledged to me that
they executed the same.
A. Calder Mackay,
(Seal) Notary Public.
Commission expires Nov. 27, 1928.
Endorsed: No. 1926. Articles of
incorporation Of the INTERMOUN-
TAIN BUILDING AND LOAN AS
SOCIATION.
Filed in the Clerks office, Salt Lake
County, Utah, Nov. II, 1920.
J. E. Clark,
County Clerk.
By Jennie 7. Harring,
Deputy Clerk.
CERTIFICATE OF AMENDMENT
OF ARTICLES OF INCOR-
PORATION a&
Be it known that we, Joseph j.
Daynes, Jr., and Thorvald L. Larsen,
president and secretary, respectively,
of the INTERMOUNTAIN BUILD
ING AND LOAN ASSOCIATION, a
Utah corporation, do hereby certify
that we are the president and secre-
tary, respectively, of said corporation;
that a meeting of the board of direc-
tors of the above named corporation
was held at the office of the corpor-
alton, Room SOP, Mcintyre Building,
Salt Lake City, Utah, on the 18th day
of October, 1921, at which said meet
ing the majority of all the stockhold-
ers of said corporation were present;
that notice of said meeting was duly
advertised, as required by law, in the
Salt Lake Tribune, daily newspaper
of general circulation in and out OF
Salt Lake county; that at said meet
ing Articles vi and TX of the Articles
of Incorporation of said corporation
were duly amended, as is hereinafter
more specifically set forth and that by
said amendments the authorized capi-
tai stock of the corporation was IN
creased from one million 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 Fund;
2. Permanent Guarantee Stock
Fund, and
8. Investors Guarantee Stock
Fund.
That at said meeting the following
resolutions were unanimously adopted:
"BE 1T RESOLVED: That Article
VI Of the Articles of Incorporation OF
this corporation is amended by strik-
ing the whole of said article as now
written and substituting therefor 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:
/. Ten thousand shares of Expense
Guarantee stock of the par value OF
one dollar per share, payable by the
subscriber as follows, to-wit:
Five cents per share on subscrlp-
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 accumulated receipts
credited to said stock shall equal one
dollar per share, said stock shall be
fully paid and shall stand as a per-
manent stock to guarantee the ex-
penses 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 subscription,
the balance on call by the board of d.
rectors, 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 pay
ments and all accumulated receipts
credited to said stock shall equal one
dollar per share, said stock shall be
fully paid and shall stand as per-
manent stock, which shall be held to
protect the corporation and guarantee
all stock, bonds, securities and credi-