Show ZIONS SAVINGS BANK IN r CREASES CAPITAL STOCK The following letter has been mailed to every stockholder of the Zions Savings Sav Savings Sa ings lings Bank Informing them of ot the action of ot the board of f directors regarding the proposed Increase of the capital stock from to April 18 1910 To the Stockholders of Zions Savings Bank Trust Company At a recent meeting of the Board of Directors of Zions Savings Bank Trust Company a resolution was adopt adopted ed providing that at the next annual meeting of the stockholders of the bank a 11 proposition would be submitted for increasing the capital stock of the bank from two hundred thousand dol dollars dollars dollars lars the present capital to five hundred hun hundred hundred dred thousand dollars making an In Increase Increase increase crease In the capital stock of three hundred thousand dollars this increase to o be provided in the following man manner manner manner ner ner From the surplus and undivided profits which the bank now has on hand a dividend of one hundred per percent percent percent cent upon the present capital will be declared payable In stock at par or cash at the option of the stockholder The additional one hundred thousand dollars of stock will be offered to the stockholders In proportion to their r holdings at the th price of or three hundred dollars per share which price Is of the present mar market marKet market ket value of ot the stock If any stock stockholder stockholder stockholder holder shall shaU fall fail to avail himself of the privilege of purchasing said stock the Ih same may be disposed df posed of by the board of directors at the he price Indicated When this proposition shall haw have ben been be n consummated the capital sunk stock of the bank five hundred thou thousand thousand thousand sand dollars and the surplus two hun hUll hundred dred thousand dollars 3 making the total capital and surplus seven hundred thousand dollars and thereby the financial position tion of the bank will be greatly strengthened and wh when n taken In con connection s with the surplus which tit bank would still have on hand band Zion Zions Savings Bank Trust Company would undoubtedly be the strongest savings saving bank In the Intermountain region roon and andone andone one of its strongest financial l Institutions Institutions institutions This letter Is addressed to you po co that you will have an opportunity to tn consider the matter before the time at which you will be called upon to vote vota upon the proposition Very respectfully i THOMAS G WEBBER ASHBY SNOW O 0 C BEEBE Committee of the Board |