| Show The directors meeting and elected McCafferty meeting met as Vice held on immediately after President Olson as President November At 27 1905 the Board initial with of Directors Fisher was elected Cashier Henry Green was elected to Board of Directors to replace him Mr Fisher would run the bank An executive committee consisting of the President Vice President lar basis Board and and of Directors The draft approved file Cashier would report on the and it with the Articles Executive Sanpete Quarters President meeting of the for and examine the books onregucondition of the bank at each and location purchasesafe Incorporation Committee County Cashier of of Mr the the instructed State bank Nelson necessary was of was was were Utah left to to must the have been records of one the Ephraim was Utah The initial State Charter founders of the granted Utah Articles meeting registered was According of Incorpo Bank were recorded on days before the Bank of 18 1905 Just one month organization officially the for The year economically County ration of the North Sanpete December 13 1905 just five Ephraim which was December after to fixtures and stationery good Sanpete the instructed the bank not to exceedcost of 1000 00 1905 to by the Bank Sanpete on County December Independent Bank of 30 of and 1905 Salina worked almost 18 months to cut through all of the red tape of the State and Federal Governments to obtain Charter in The bank from Board No mention would be opening was next 1906 would 1977 open had on Directors is for made of the business or where not occurred rates 25 00 to up be to as discretion to No state Ephraim the charged 500 00 over 52000 00 UYowever not bound by these figures adhered meeting main on up was actual From these minutes one must interest of date the exact topic of assume loans to held January that location that the business Rates on the varied 1000 00 to the Executive Committee was They could use their own or Hansen federal was 126 regulations retained as legal to be |
