Article Text
Sell New Stock In Martin Bank meeting of the stockholders of the Martin Bank, recently closed to conserve assets. it was unanimously agreed to adopt the reorganization plan suggested by Superintendent of Banks D. D. Robertson Seven-eights of the capital stock was represented at the meeting. Under the plan the present out standing capital of the bank will be reduced from $85,000 to $8,500. which will be retained by the present stockholders. New stock to the amount of $41,500 will be sold. bringing the capital up to After this amount of stock has been subscribed the depositors of the bank will be interviewed on plan to accept 80 per cent of their deposits in the bank at the time of closing. If the plan