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STOCKHOLDERS, BANK PATRONS NAME TRUSTEE W. O. Seaney Selected To Liquidate Affairs of Bank at Fountain City FOUNTAIN CITY, Ind., June meeting tonight of the stockholders and depositors of the Fountain State bank, which suspended several months ago, plan liquidating the institution under trustee adopted. Before the plan operative, however, depositors not less than percent the total deposits must Unless this be accomplished before July liquidation of the bank's assets will be taken over by the state banking the event the required 80 percent depositors agree the posed liquidating plan, Seaney, Fountain City, assume duties trustee. His appointment approved and depositors attending the meeting Stockholders and depositors also the voted to pay off depositors whose deposits are $5 less. This will affect about 119 the 600 depositors. generally believed that the required of depositors will agree the proposed liquidating which calls the assignment the trustee of all claims depositors, totalling $53,000. trustee would participating certificates to depositThe plan further provides that all assets the bank be assigned the trustee, calls for semi-annual payments participating tificates on the basis of funds lected the liquidation of assets. An advisory committee, to velt operate the trustee, pointed tonight. Anderson and Martin will represent the this (Continued on Page Two)