Show To the Stockholders of Zions Zion's Savings BanK and Trust Company A Af M t a recent meeting of the board of directors of Zions Zion's Savings Bank and Trust company a resolution was adopted providing that at the next annual meeting meet meet- Ing ng of the stockholders of the bank a proposition wOl would d be he for increasing increasing in- in creasing the capital stock of the tho bank from Tom two hundred thousand dollars the tho present capital to five hundred thousand dollars making makin an increase in iu tho the cap cap- Halstock tal stock of three thousand dollars dol dol- lars ars this increase to be provided in the foIl following manner From the surplus and aad un undivided prof prof- its ts which tho the bank now has on hand band a dividend of on one hundred per cent upon ho the pr present sent capital will ho bo declared payable pay Vay- ablo able in stock at pa par or cash at the op 01 option op- op tion of tho the stockholder The Tho additional one hundred l thousand dollars of stock will bo be off offered red to tho the stockholders in proportion to their holdings at the price of hundred twenty five dollars per share which which price price is is one half of the tIle present market value of the tho stock If any my stockholder shall fail to avail him him- of the privilege of purchasing said stock the same sanio may be disposed of by the ho board Loard of directors at the tho price indi cate When this proposition shall have been consummated the capital of stock f the bank ank will be bo five hundred bundred thousand dollars dol- dol lars hars ars and the surplus two hundred five y-five thousand dollars making the fatal foal fo- fo tal al capital and surplus seven hundred twenty five thousand dollars and thereby there there- by jy the financial position of the bank will be greatly strengthened and when taken aken in connection with the surplus which the bank would still have on onland land hand Zions Zion's Savings Bank and Trust company would undoubtedly be the tho strongest savings sayings bank in the tho intermountain intermountain inter inter- mountain region an and one of its strongest strong strong- est eat financial institutions This letter Jetter is addressed to you so that you will have an au opportunity to consider con sider aider the matter before the time timo at which you will be called upon to vote upon the tho proposition Very respectfully THOMAS THOMAl G G- WEBBER WE B R I SNOW O. O C. C BEEBE Committee of the Board I April 13 18 1910 |