The Coconino sun., 1923-09-07


striking the whole Of said Article TX
as now written and substituting there
for the following, to-wit:
Article TX. There shall be three
funds maintained by this corporation:
I. Expense Guarantee Stock Fund.
2. Permanent Reserve Guarantee
Stock Fund.
3. Investors Guarantee Dividend
Stock Fund.
i. The Expense Guarantee Stock
Fund shall be credited with all load
ings, membership fees, fines, penalties,
one-haf of all forfeitures and not to
exceed one per cent per annum of the
total amount of savings deposits and
said Expense Guarantee Stock Funds
shall be charged with all expenses Of
management and all or any part of
said fund may be used to defray such
expenses.
z. The Permanent Reserve Guaran-
tee Stock Fund shall be credited from
the earnings of the corporation with
one-half of all forfeitures and the
whole of all gains resulting from the
withdrawal Of stock, and shall further
lbe credited with eight per cent COM
pounded semi-annual interest on the
par value of said Permanent Reserve
Guarantee Stock, provided the lnves-
tors Guarantee Stock Fund shall first
nave been credited with its guarantee
and said Permanent Reserve Guaran-
tee Fund shall participate hereafter
with the Investors Guarantee Stock
Fund in all amounts declared by the
corporation as dividends on the pro-
portion that the issued Permanent Re-
serve Guarantee Stock bears to the is
sued stock of the corporation.
3. So long as the maximum rate OF
interest provided under the laws Of
1 the state of Utah shall be twelve per
cent per annum, the Investors Guar
antee Dividend Stock Fund shall be
credited from earnings with eight per
cent per annum interest compounded
semi-annually upon the total amount
standing to the credit of such stock
OH the books of the corporation which
amount or book value shall be all
moneys paid on said Investors Guar
antee Dividend Stock, less all moneys
paid therefrom into other funds Of
| the corporation. Should the maximum
rate Of interest as allowed by the laws
of the state Of Utah be reduced below
the present maximum rate of twelve
per cent per annum, then said guar
antee of eight semi-annually shall be
reduced one per cent for each one per
cent that the said maximum rate Of
interest allowed by the laws of the
state of Utah shall hereafter be re-
duced.
All dividends and interest declared
or paid by this corporation and all
payments of matured stock shall be
declared and paid in the way, manner
and order as provided by law, these
Articles of Incorporation and the by
laws of this corporation"
| THE INTERMOUNTAIN BUILD
ling AND LOAN ASSOCIATION is
d corporation organized and existing
4 under and by virtue of the laws of
the state of Utah, having its principal
place of business at Salt Lake City,
Salt Lake county, Utah, and was in
corporated by filing its Articles of In
corporation with the county clerk OF
Salt Lake county, Utah, on the 18th
| day of November, 1920, and thereafter
| filing a certified copy thereof with
the secretary of state Of the state of
/ Utah.
IN WITNESS WHEREOF the said
Joseph j. Daynes, Jr., and the said
Thorvald L. Larsen, as such president
and secretary, respectively, of the said
| INTERMOUNTAIN BUILDING AND
ILOAN ASSOCIATION, have hereunto
set their hands at Salt Lake City, Salt
Lake county, Utah, the 9th day of No
vember, 1921.
JOSEPH ]. DAYNES,
President,
Intermountain Building and Loan As
sociation.
THoRvALD L. LARSEN,
Secretary,
Intermountain Building and Loan AS
sociation.
| corporate Seal.)
| Amendment to Articles of Incor-
poration Of INTERMOUNTAIN
BUILDING AND LOAN ASSOCIA-
lTION.
Filed in the Clerks office, Salt Lake
County, Utah, November Id, 1921.
Clarence Cowan,
County Clerk.
BY Lillian Sperry,
Deputy Clerk.
State of Utah,
| County of Salt Lake, IS.
/, Clarence Cowan, county clerk in
and for the county of Salt Lake In
the state of Utah, do hereby certify
that the foregoing is full, true and
correct copy of the original Articles
of Incorporation and Amendments
thereto, of the INTERMOUNTA1N
BUILDING AND LOAN ASSOCIA-
TION.
1926 as appears of record in my of
flee.
In witness whereof, / have hereuntc
set my hand and affixed my official
seal, this 4th day of February, 1922
Clarence Cowan, Clerk
By Fred c. Bassett, Deputy Clerk.
(Seal)
This copy furnished February 4tl
by the County Clerk of Salt Lake
county to replace copy originally filed
in this office.
H. L. CROCKETT,
Secretary of State
C. r. Jones, Corporation Clerk.
First pub. Aug. IT; last pub. Sept. 2f