OCR Text |
Show Asking RFC Loan For The Com'!. Bank State Bank Commissioner John Malia has petitioned the district iourt for authority to borrow from he Reconstruction Finance Corpo-ution Corpo-ution on the assets of the Mcunt pleasant Commercial and Savings Bank, a sum of not to exceed $195,-000, $195,-000, with which to pay dividends to depositors in the bank, it was announced an-nounced here Thursday by R. i Starley, assistant examiner ji charge. The case is set for hearing before Judge Dillworth Woolley of the 7th judicial District court at Manti at 10 a. m., Friday, August 31st. The same date, Judge Woolley will "hear i petition asking for a lean from tjie same source of not to exceed $165,000, for paying dividends to depositors in the North Sanpete Bank. Beth the Commercial and 4e North Sanpete banks closed in the summer of 1931. Both applications are now complete, com-plete, and will be filed with the Re-tonstruction Re-tonstruction Finance Corporation amediately following authorization by the court. |