Show THE BUILDING ASSOCIATION Successfully Organized Last Night by Our Business enlarge A en-large number of Salt Lakes businessmen business-men assembled at tho Chamber of Commerce Com-merce rooms last evening for the purpose of organizing a building association which ha been under dipcussion for sometime some-time past Mr Fred Simon called the meeting to order and nominated Governor West as chairman This was carried and Mr A Hanauer Jr was elected secretary The chair stated the object of the meeting meet-ing and read the names of those who had agreed to take stock in the association provided certain conditions were complied com-plied with The articles of incorporation were then read These provided that the corporation shall be known a the Utah Loan and building Association with a corporate existence of fifty years The purpose is the accumulation of money by monthly contributions from the members mem-bers The profits arising from the investment in-vestment of this fund may be used by the members for building and improvement improve-ment purposes Money will also be loaned on real estate The capital stock is limited to 200000 divided into shares of the value of 200 each It was agreed that the officers of the incorporation shall consist of nine directors direc-tors all of whom shall be stockholders and that they shall elect out of their number president vicepresident and treasurer Messrs H C Wallace W S Mc Cornick Frank H Hyde P H Lannan and J B Walden were appointed a committee to nominate nine directors They reported the following nominees who were elected unanimously Messers A L Thomas Barnett F C Gentsch Fred Simon J C Conklin Harry T Duke L C Karrack C F Annett and C W Pavey Adjourned |