The Winslow mail., 1924-06-20

Guarantee stock, payable then or
thereafter out of any remaining sur
plus or net profits.
Is. For guarantee purposes a
charge of not to exceed one per cent
shall be made on the par value of all
investors Guaranteed Dividend Stock; ;
for the purpose of covering the gen.
eral expenses of conducting the busi-
ness of the Association such other
and further charges shall be made
against the par value of said Inves-
tors Guaranteed Dividend Stock as
may be provided and as may be fixed
in the Bylaws of the Association.
19. Subject always to bylaws made
by the Stockholders, the Board of Di-
rectors may make bylaws and, from
time to time, may alter, amend OF re-
peal any bylaws; but any bylaws
made by the Board of Directors may
be altered or repealed by the Stock
holders at any annual meeting, or at
any special meeting, provided notice
of such proposed alteration or re-
peal be included in the notice of the
meeting.
20. The private property of stock
holders shall not be liable for the cor
porate debts of this Association.
In witness whereof we have here
unto set our hands this 9Th day of
February, 1920
GEO. w WATKINS,
EZRA WADDOUPS,
N A. MACDONALD,
VIM. J. LOWE,
JOHN B. MATTHIAS.
State of Utah,
County of Salt Lake, SIS.
George w. Watkins, Ezra Waddoups
and N. A. Macdonald, being duly
sworn, say, that it is bona fide their
intention to commence and carry on
the business mentioned in the fore
going agreement and that the affiants
verify believe that each party to the
agreement has paid, or is able to pay
and will pay, the amount of stock sub
scribed for by him; that at least five
per cent of the stock subscribed for
by each stockholder has been paid in,
and that not less than five per cent
of the capital stock of the corpora
tion has been subscribed.
GEORGE w. WATKINS
EZRA WADDOUPS,
N. A. MACDONALD.
(Seal.)
Subscribed in my presence and
sworn to before me this 9Th day of
February, 1920.
o. PETERSON, Notary Public.
My commission expires November 2,
1923.
State of Utah,
County of Box Elder, IS.
On the 9Th day of February, A. D.
1920, personally appeared before me
George w. Watkins, Ezra Waddoups,
N. A. Macdonald, John B. Matthias and
VIM. J. Lowe, the signers of the fore
going Articles of Incorporation, who
each duly acknowledged to me that
they executed the same.
0. PETERSON, Notary Public
(SeaD
My commission expires November
2, 1923.
William J. Lowe, Vice President
N. a. Macdonald, Secretary.
State of Utah,
County of Box Elder, ss
VIM. J. Lowe being first duly
sworn deposes and says; that he is
the vice-president of the corporation
mentioned in the foregoing certificate
and that the president, Joseph Decker,
is absent from the State of Utah and
for that reason he makes this cerifi-
cate as vice-president for and in be-
half of said company; that the state
ments therein made are true in sub
stance and I'M fact.
Dated this 14th day of December
1928
William J. Lowe, Vice-President
Subscribed and sworn to before me
this 14th day of December, 1928.
John w. Phillips, Notary Public
Residing at Brigham City, Utah
My commission expires March 8,
1925.
State of Utah,
County of State Lake, SIS.
N A Macdonald being first duly
sworn, deposes and says; that he is
the secretary of the corporation men
toned in the foregoing certificate and
that the statements therein made are
true in substance and in fact
In witness whereof he has heTeun-
to set his hand and caused the seal
Of said corporation to be affixed this
14th day of December, 1923.
N A Macdonald, Secretary.
(Seal)
Subscribed and sworn to before me
this 18th day of December, 1928
Olga R. Totten, Notary Public.
My commission expires May 6, 1927.
6-13-7-1S.