Salt Lake Telegram | 1932-06-06 | Page 11 | Charter Issued for Bond Pool

CHARTER ISSUED FOR BOND POOL ALBANY N. N Y June 6 P IP-A IP A A charter was granted today to the American Securities Investing Investing In In- vesting corporation formed by leadIng leadIng lead lead- Ing bankers of New York City to tol stabilize the bond market The Incorporators In- In In-I In were George A. A Brownell Fred A. A 0 O. Schwarz and Charles M. M Spofford For the state sUite the articles of incorporation were signed b by Frank S S. Sharp deputy secretary of state sUIte in charge of the securities divi slon sion The purposes of the corporation were outlined in the articles of incorporation incorporation pora tion as follows It is intended that the corporation shall engage principally in the business business busi busi- ness of purchasing and the investing in bonds and debentures or other obligations which in the opinion pf pt the board of directors have value as investments A board directors was named It consists of Thomas W. W Lamont Lament Mortimer N. N Buckner Charles W. W Mitchell Bert H. H WiggIn George W. W Davison Walter E. E Frew F. F Abbott Goodhew Harvey S. S Gibson H. H P. P Howell Percy H. H Johnston Lewis Pierson W. W C C. C Potter Jackson E. E Reynolds Albert A A. A. A TUne Tilney John C C. Felix M. M Warburg and George Whitney It is the intention of the corporation corpora corpora- tion which was financed by eighteen n banks and two private banking houses house the the financial institutions of Wall IVall street street to to buy bonds and other securities which under present market conditions are judged to be held too cheaply by the public The states state's fee for handling the In uv corporation was one of the largest fees tees that th the secretary of states state's office has ever collected