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

2-The Permanent Reserve Guar
antee Stock Fund shall be credited
from the earnings of the corpora
ton with one-half of all forfeitures
and the whole of all gains resulting
from the withdraw of stock, and
shall further be credited with eight
per cent compounded, semi-annual
interest on the par value of said Per-
manent Reserve Guarantee Stock,
provided the Investors Guarantee
Stock Fund shall first have been Gre
dited with its guarantee and said
Permanent Reserve Guarantee Fund
shall participate hereafter with the
Investors Guarantee Stock Fund in
all amounts declared by the corpor-
alton as dividends on the proportion
that the issued Permanent Reserve
Guarantee Stock bears to the issued
stock Of the corporation.
$50 long as the maximum rate
of interest provided under the laws
of the state of Utah shall be twelve
per cent per annum, the Investors
Guarantee Dividend Stock Fund shall
be credited from earnings with eight
per cent per annum interest COM
pounded semi-annually upon the tot
al amount standing to the credit of
such stock on the books of the cor
poration which amount or book value
shall be all moneys paid on said In
YestOrs Guarantee Dividend Stock,
less all moneys paid therefrom into
other funds Of the corporation. Should
the maximum sale of interest as al
| lowed by the laws of the state of
Utah, be reduced below the present
maximum rate of twelve per cent
per annum then said guarantee Of
eight semi-annually shall be reduced
one per cent for each one per cent
that the said maximum rate of inter
est allowed by the laws Of the state
of Utah shall hereafter be reduced
All dividends and interest declared
or paid by this corporation and all
payments Of matured stock shall be
declared and paid in the way, man
ner and order as provided by law,
| these Articles of Incorporation and
the bylaws of this corporation"
THE INTERMOUNTAIN BUILD
ING AND LOAN ASSOCIATION a a
corporation organized and existing
under and by virtue of the laws of
the state of Utah, having its prin-
cipal place of business at Salt Lake
| City, Salt Lake county, Utah, and
was incorporated by filing its Attic
les of Incorporation with the county
clerk of Salt Lake county, Utah, on
the 18th day of November 1920 and
thereafter filing 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 presid-
ent and secretary, respectively, of
the said INTERMOUNTAIN BUILD
ING AND LOAN ASSOCIATION have
here unto set their hands at Salt
Lake City, Salt Lake county, Utah,
the 9th day of November, 1921.
JOSEPH J. DAYNES,
President
| Intermountain Building and Loan AS
| sociation.
THORVALD L. LARSEN,
/ Secretary.
Intermountain Building and Loan
| Association.
corporate SeaD.
| Amendment of Articles of Incorpor-
alton of INTERMOUNTAIN BUILD
ING.
Filed in the Clerks Office, Salt
Lake County, Utah. Nov. IA, 1921.
Clarence Cowan, County Clerk.
BY Lillian Sperry, Deputy Clerk.
State of Utah,
County Of Salt Lake, IS.
I, 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 Amendment
thereto, of the INTERMOUNTAIN
BUILDING AND LOAN ASSOCIA-
TION.