Case Information
*1 OFFICE OF THE AlT’ORNEY GENERAL OF TEXAS
AUSTIN
Bonoroble 8. C. Branson
Comdssioner, Dapartaent of' BenkIng
Austin, reacaa
lo.hare your le
tho parpose of loa of aloptiag u&or 8.8. Ho.
6# Aaa of lQaQ* etlag executed by all *took- add oorporatloa.
A OertiPied copy OS the reso- the stockboldors of the l&r- & Employee Industzlal Bank, adopttfng the powore provided ior under 6. E. so. 268.
'4. An af+fidavit of all the 6tock- holders of the Ksrcbante 0 Employes In- dustrial Bank to the effeof that the en- *2 552 Hon. F* C. BmnBon - Pago 2
tire runrunt uf' eei(L capital stook of eai&tor~rationaas eubearS.md and aatua11g p&i in fn aaah.
"5. A oert.iPl.oate of the b&r-
chDntaE:P~legf3a kaa.Istria3u~
06rtiqrsns. the mloption of the e&IA- tianal pev5m ae pm~idod for uear
8. B. NO. 268, b&n&$ it copy of the aertifloato of authovity esaeutoabg aw.3 ae zumd.ng Goszaissioner of this state, oereifying mat the ftwahante &&qloyeslnBu8~rXalPFulkis&Puly
lriaorpwdi~, snd ds antitled ,*o 8x- eraiso, not only the pmer5 granted to it luxler its ol%giat%l lat%rter,
but Aa adrllffoa tbamto, all the
pouars proviaoa for under 8. B . 268.
'I hare mada the investigation ElYl oonolwle that the elltlre anw?mt of tho Ca@81 stock of saU Wank hrra been poia in in f'nll in sabh.
*I, Has the Ee~haxrbs dt Sa- oyoo fndustriElBanlt&i 8" eoti?elp aaoptd the a&IS- tonal and au orieed UrxlQr 6. B. or0 proeaea ior 31"
No. 088, 46th L5gitialatnre, A&s of the LO&F$8lEtur8 of t&m state of TexaSI hJnmaa- tory of hrtiol% 646, 8oQtLon 2, Title 18, of the Revimd Giztut-sa of Texas? *3 rzforrd
%o 4~0 exfube~ the instrilmnts to in your lottor an d attoohod as esllibits thereto, anrl fIna the sm to bo in ;xopsr Porn anA =ltogothor sufficient for the lxqmes intended.
This jlepartmnt is of the opi'nion Xcrchantr :: alployoG Itiustrinl EOICL'; hno cffectiooly C.&GptOfi th0 dt,iG!ULl pOVol?s FOVidGz Oti nuthorizod t0 SO- oallod tirrie Plan Baum Luxler 6. E. 206, 46th Logis- loeuro.
The 6epY‘tmnt is further of tho Opinion that the kiQrGhE?lt6 & &Jplo3-'os lzdustrinl &ml; having &opt&I thOs0 power6 is noe a lo@lly organize6 bank u&w the laws of this Stetz, dth power, mm& others, *to rcoeivo mrm3~ on tl= d~pOsits.a
Truotin~ t&at m;ic Fill lxlvc ansaerod YGUr puostions satlsfectorily, we are
OS-A!H