Salt Lake Telegram | 1932-09-03 | Page 6 | Bank Reorganization Efforts Are

J j Bank Reorganization Efforts Are Spun Reorganization plans being E Eby n by stockholders of the defunct Joi Jox Valley bank of Riverton adva Saturday after the filing flUng of ar arof artof art of incorporation for the Jordan ley Icy Mortgage Loan company purpose of the company is to title to all ass assets ts of the bank for foi benefit of depositors and and engage in the mortgage b ness 1 Officers of the new company John Hansen president A. A T. T vice president Harry Ham Page treasurer secretary-treasurer Clyd Clydl Terr Terry Gwynne Page J. J R. R Pet PeU and David Bills directors director General depositors of the bank receive in preferred st stoe sto the new comp company ny Their stock stocky vj at 1 per share is retired upon ment of the par value Holder other claims against the bank given shares of common f fin i in the new company The man ment of the new new company w will wilK lU lUnine nine shares of common stock no par value it was explained first stockholders' stockholders meeting of the I company is slated for December Bank Examiner Herbert Tay suit to collect stockholders' stockholders has been deferred pending ne to launch the thc new compan 4 I