| Show ZIONS SAYINGS SAVINGS BANK IN INCREASES GREASES CREASES CAPITAL AL STOCK The following letter has baa been mailed to every stockholder of ot the Zions Sav Say Savings SaVIngs SayIngs ings Bank informing them of the action of the board of ot directors regarding the proposed increase of the capital stock from to April prU 18 1910 To the Stockholders of Zions Savings Bank Trust Company At a Q recent meeting of ot 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 n proposition would be submitted for increasing the capital stock of the bank from two hundred bundred thousand dol dollars dollars dollars lars the present capital to five hun hundred hundred hundred dred thousand dollars making an In Increase Increase increase crease in the capital stock of three hundred thousand dollars this increase to be bo provided in the following man manner manner mannor ner nor From the surplus and undivided profits which the bank now has on hand band a dividend of one hundred per percent percent percent cent upon the present capital will be declared payable parable in stock at par or cash at the option of the stockholder The additional one hundred thousand dollars of ot stock will be offered to the stockholders in proportion to their holdings at the price i rice of three hundred per share which h price Is of the present mar market market market ket value of the stock If It any stock stockholder stockholder stockholder holder shall fail fall to avail himself of the privilege of ot purchasing said stock the same may be disposed of by the board of directors at the price indicated When Then this proposition shall have been consummated the capital stock of the bank will be five live hundred thou thousand th thousand u usand sand dollars and the surplus two hun bun hundred dred red thousand tho sand dollars making the total capital and surplus seven hundred thousand dollars and thereby the financial position position position tion of the tho bank will be greatly strengthened str d and when taken in con connection connection with the surplus which the bank would still stilt have on hand Zions Savings Bank Trust Company would undoubtedly be the strongest savings bank In the intermountain region reon and andone andone one of its strongest financial institutions Institutions Institutions This hl letter Is addressed to you so o that you will have an opportunity to consider the matter before the th time at which you will be called upon to vote upon the proposition Very respectfully THOMAS G 0 WEBBER ASHBY SNOW O 0 C BEEBE Committee of f the Board |
