Full text of Mimeograph Letters and Statements of the Board : Telegram From Governor Harding to All Federal Reserve Agents re Election of Class A and Class B Directors, Number X-1271, Volume 9, Page 45

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FED1\RAL RES.Er.VE EOAED

FJashington

SU?JECT: IClecticn of Cl0-s2 A ,o..nd Class B directors.

The 3o~"rd h.::.s been :.skad Nhether 1 unier Section Four a.s .:;..rr:er:J.ed by
Act of Se1~ter. ber t,lenty-sixth) a ch:1irt112'.n hol\iing e-:.n election of directors
r:;.,y refuse to count the vote cf a rLerr.ber bank unless wit;1in time lirdt
prescribed. by him the h:.nk tL3 filed the .. necessary C3rtif icate authorizing
one of its officers to cast its vote. The 3oa.ni h,~.J ruled that a rrerr:ber
t.::.nk is entitleCi. to have its vote covnted if the certific:cte in ;uestion
is f ilei Nit'n the ch,drrr<~n 2"t ar:y tirr.e before t!1e polL; are closed.




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