Information Sheet
R Finley Building
and Loan Association.
1007 Records, 1899-1920.
Three
volumes.
MICROFILM
These are the minute books and a cash received ledger
of the Finley Building
and Loan Association at Ozark in Christian
County, Missouri. The records begin with the organization of the
association in 1899 and continue through its entry into receivership in 1916
and dissolution in 1920.
The Finley Building and Loan Association began at Ozark on 30
January 1899 as the Ozark
Building and Loan Association. It was renamed the Finley
Building and Loan Association on 21
February 1899, and was chartered by the State of Missouri on 3 March 1899. The object of the association was “to
accumulate a fund to loan to its shareholders and to encourage building and
other improvements in the City of Ozark and Christian County,
Missouri.” The capital stock was $50,000, divided into
250 shares of $200 each. Capitalization
was increased to $90,000 in March 1904. At
the time of organization, 104 shares had been subscribed and paid. All directors and shareholders of the association
lived in Ozark. The biggest of the
thirty-eight shareholders were John S. Taylor (ten shares), George T. Breazeale,
(five shares), W. W. Kinlock (five shares), T. L. Robinson (five shares), and
L. R. Williams (five shares). They were
the largest of thirty-eight shareholders.
John J. Horton was the first president of the association, followed by L.
R. Williams and H. F. Davis. State
senator Solomon E. Bronson (19th District, 1912-1918) was the
long-time secretary. George T. Breazeale
was treasurer; and Jacob Hartley served as the attorney for the association.
Volume 1 contains minutes of meetings of the
stockholders and the board of directors.
They begin on 30 January 1899 with the Articles of Association and
minutes of the organizational meeting of the Ozark Building
and Loan Association. The change of
corporate name to the Finley
Building and Loan
Association was approved on 21 February 1899.
The minutes continue through 14 December 1909 and generally concern
memberships, and making and reviewing loans.
A listing of the officers and directors of the association (1900-1909)
is at the end of the volume.
Volume 2 contains minutes of meetings beginning on 11
January 1910 and continuing through 21 November 1916, at which time the
association had discovered “a considerable shortage” in the accounts of the secretary,
Solomon E. Bronson. With the assistance
of a state examiner, the shortage was determined to be $29,400 and resulted in
Judge John T. Moore’s placing the association into receivership in December
1916. The last records are
enclosures. They are minutes of a meeting
of the board of directors in 1917 (no quorum was present), and a paper bearing
the signatures of stockholders acknowledging payment of a third and final
dividend on 4 October 1920. The amount
of the dividend is not stated, and it is unclear how much, if any, of the shortage
was ever made good. The note “Defendants
Exhibit 30. May 8, 1918” inside the front
cover indicates litigation in the case.
A listing of officers and directors (1910-1916) is at the end of the volume.
Volume 3 is a cash book. It records cash receipts for dues and
premiums on bond sales beginning in August 1908 and continuing through January
1916.
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