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Federal reserve Bank O F DALLAS Dallas, Texas, November 2, 1951 NOMINATION AND ELECTION OF DIRECTORS (By Member Banks in Groups 1 and 2) The member banks in Group 3 will not participate in this election, and this circular is sent to them without forms for their information only. To the Member Banks of Groups 1 and 2 in the Eleventh Federal Reserve District: In accordance with the provisions of Section 4 of the Federal Reserve Act and my circular letter dated September 28,1951, in regard to the election of directors of this bank to succeed Mr. P. P. Butler, Class A director, and Mr. George H. Zimmerman, Class B director, whose terms will expire December 31, 1951, there are listed in this circular the names of the individuals nominated, together with the names of the banks nominating them. Accompanying this circular is a ballot upon which you should record your vote, together with the necessary envelopes for use in sending your ballot to me. Please follow carefully the instructions which are printed on the ballot and on the envelopes. The vote of your bank may be cast only by an officer whose authorization by the Board of Directors to vote in these elections has been certified to me as indicated on the list in my circular letter of September 28, 1951, or subsequently changed by a certified authorization. If you so desire, you may change your authorization by the proper action of your Board of Directors, but any such change must be certified to me before the close of the polls. The polls will open on November 5, 1951, and close at 2:00 p.m. on November 20, 1951. Consequently, your ballot must be received here not later than 2:00 p.m., November 20, 1951, at which time the ballot box will be opened in the Board Room of this bank, the votes counted, and the results of the election announced. The nominees are invited to be present or represented on that occasion. Each member bank entitled to vote in this election is urged to do so. Please mark your ballot carefully and send it to me in the enclosed envelope at your earliest convenience after the opening of the polls. Yours very truly, J. R. PARTEN Chairman of the Board This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) IM PO RTAN T Please read carefully the instructions herein contained and the form o f preferential ballot enclosed. Unless a ballot of a voting member bank is prepared, authenticated and cast in strict accordance with said instructions, the election tellers will have no option except to disregard such ballot. The ballot of each member bank must be cast by an officer previously empowered to do so by action of its Board of Directors, certified to me upon forms furnished for the purpose. My circular letter of September 28, 1951, giving notice of this election, contained a list of member banks in Groups 1 and 2, showing the officers who were then authorized to cast votes in directors’ elec tions. Unless a bank has since changed its authorization, by corporate action duly certified to me, no officer, except as designated on that list, can cast a vote in behalf of his bank. Under the procedure for the election by member banks of Federal Reserve Bank directors, the vote will be by secret ballot, and no one will know the vote of any bank. As there will be no opportunity for any prior inspection of ballots for irregularities, the officer casting the ballot is requested to use special care in its preparation. For your information, there are quoted below extracts from Section 4 of the Federal Reserve Act which set forth the method of balloting and the manner in which the votes are to be counted: “ W ithin fifteen days after receipt o f the list o f candidates the duly authorized officer of a member bank shall certify to the chairman his first, second, and other choices for director of class A and class B, respectively, upon a preferential ballot upon a form furnished by the chair man o f the board of directors o f the Federal reserve bank o f the district. Each such officer shall make a cross opposite the name o f the first, second, and other choices fo r a director o f class A and for a director o f class B , but shall not vote more than one choice fo r any one candidate. N o officer or director o f a member bank shall be eligible to serve as a class A director unless nomi nated and elected by banks which are members of the sam e group as the member bank o f which he is an officer or director. “ A n y candidate having a m ajority o f all votes cast in the column of first choice shall be declared elected. I f no candidate have a m ajority o f all the votes in the first column, then there shall be added together the votes cast by the electors fo r such candidates in the second column and the votes cast fo r the several candidates in the first column. The candidate then having a m ajority o f the electors voting and the highest number of combined votes shall be declared elected. I f no candidate have a m ajority o f electors voting and the highest number o f votes when the first and second choices shall have been added, then the votes cast in the third col umn fo r other choices shall be added together in like manner, and the candidate then having the highest number o f votes shall be declared elected. A n immediate report o f election shall be declared.” Interpretation: In elections held prior to 1948, the Board of Governors had taken the position that where there were only two candidates, failure of a voting member bank to indicate both a first choice and a second choice rendered its ballot invalid. In December 1947, however, the Board of Governors considered this matter again and concluded that the requirements of the law, above quoted, are met if each voting member bank marks only one choice. In such case the voting member bank will be deemed to have indicated the other candidates as its second choice. The enclosed ballot has been prepared on the basis of the revised procedure, and instructions for its use are printed thereon. This procedure eliminates the necessity of invalidating a ballot merely because a voting officer overlooked indicating a second choice. ********** “ W henever any two or more member banks within the sam e Federal reserve district are affiliated with the sam e holding company affiliate, participation by such member banks in any such nomination or election shall be confined to one o f such banks, which m ay be designated for the purpose by such holding company affiliate.” The member banks in the Eleventh Federal Reserve District are grouped as follows for the pur pose of electing Class A and Class B directors of the Federal Reserve Bank of Dallas: Group 1 consists of banks with capital and surplus of $650,000 and over; Group 2 consists of banks with capital and surplus over $150,000 and less than $650,000; and Group 3 consists of banks with capital and surplus o f $150,000 and less. Please forward your ballot so that it will reach this office on or before 2:00 p.m., November 20, 1951. If the ballot is received after that time, it cannot be counted. NOMINEE FOR CLASS A DIRECTOR P. P. BUTLER Nominated by the Following Banks in Group 1: President First National Bank in Houston Texas Houston, Texas Mr. Butler was born in Bullard, Smith County, Texas, on August 18, 1891, and attended the public school in Troup, Texas. He began his business career with the LutcherMoore Lumber Company at Orange, Texas, where he served successively as Paymaster at the logging camp and as Bookkeeper and General Purchasing Agent in the General Office. In 1919 he moved to Beaumont and assisted in the organization of the Beaumont Export & Import Company, serving as Secretary-Treasurer until May 1, 1928. On that date he entered the banking field as Executive Vice Presi dent of the American National Bank of Beaumont and was elected President of that institution in 1937. On May 1, 1944, he was elected Executive Vice President of the First National Bank in Houston, Texas, and became its President on January 1, 1945. Mr. Butler has been an active participant in the social and civic affairs of the communities in which he has re sided. During his residence in Beaumont, he served as President of the United Charities, the Beaumont Family Welfare Bureau, and the Community Chest; as a director and officer of the Boy Scouts for many years; and as Presi dent of the Beaumont Rotary Club, Round Table, and the Beaumont Country Club. At the present time he is director and member of the Executive Committee of the Houston Fat Stock Show and Livestock Exposition, and the Executive Committee of Junior Achievement, Inc.; a director of the East Texas Chamber of Commerce, the Houston Symphony Orchestra, the Southwestern Life Insurance Company, Dallas, Texas, the First National Bank in Houston, and the Industrial State Bank, Houston, Texas; Councilor of the A & M Re search Foundation; and a member of the Committee on International, Political, and Social Problems of the United States Chamber of Commerce, the Houston Rotary Club, the Houston Club, the Houston Country Club, St. Luke’s Meth odist Church, and the Arabia Temple Shrine, Houston, Texas. He is past president of the Houston Chamber of Commerce, and past president and director of the Sam Houston Area Council of the Boy Scouts of America and a holder of the Silver Beaver Award. Amarillo.............................................Amarillo National Bank Amarillo............ The American National Bank of Amarillo Austin..................................... The American National Bank Austin..................................... ..The Austin National Bank Beaumont........ The American National Bank of Beaumont Beaumont........ .....The First National Bank of Beaumont Corpus Christi................The Corpus Christi National Bank Corpus Christi.........State National Bank of Corpus Christi Corsicana............... ..........Ffrst National Bank of Corsicana Dallas.................................................... Dallas National Bank Dallas......................................Empire State Bank of Dallas Dallas......................................First National Bank in Dallas Dallas............... ........ ....Mercantile National Bank at Dallas Dallas............................... Republic National Bank of Dallas El Paso.............. ...........The State National Bank of El Paso Fort Worth............ The First National Bank of Fort Worth Fort Worth........................... The Fort Worth National Bank Galveston..... Hutchings-Sealy National Bank of Galveston Galveston....The United States National Bank of Galveston Houston.................................................... Citizens State Bank Houston............................... First National Bank in Houston Houston............................. Houston Bank & Trust Company Houston............... ...............................Houston National Bank Houston..........The National Bank of Commerce of Houston Houston................ South Texas National Bank of Houston Houston......................The Union National Bank of Houston Marshall................ .....The First National Bank of Marshall Midland...............................................Midland National Bank Port Arthur.......... The First National Bank o f Port Arthur San Angelo....... The Central National Bank of San Angelo San Antonio.......The Alamo National Bank of San Antonio San Antonio............................. Bexar County National Bank San Antonio........ The Frost National Bank o f San Antonio San Antonio.—National Bank of Commerce of San Antonio Temple................................................ Temple National Bank Tyler............................The Citizens National Bank of Tyler Victoria................ ...............Victoria Bank & Trust Company Victoria.................. The Victoria National Bank of Victoria Waco........................... The Citizens National Bank of Waco W aco................................ The First National Bank of Waco Wichita Falls............City National Bank in Wichita Falls Wichita Falls............First National Bank of Wichita Falls NOMINEE FOR CLASS B DIRECTOR GEORGE H. ZIMMERMAN Chairman of the Board and President Wm. Cameron & Co. Waco, Texas Mr. Zimmerman is Chairman of the Board and President of Wm. Cameron & Co. of Texas, Oklahoma, and New Mexico, engaged in the business of manufacturing, jobbing, and retailing woodwork products, lumber, and building ma terials. He is also Chairman of the Board and President of Cameron Roofing Company, a construction corporation. He is an attorney and is the author of the book entitled, “ Ma terialman’s Lien Laws of Texas,” published and distributed by the Lumbermen’s Association of Texas. Mr. Zimmerman has been associated with Wm. Cameron & Co. since the year 1910 and, prior to his elevation to the presidency of the company, he had served in the following official capacities: General Sales Agent, Secretary, Vice President, and Vice President and General Manager. Mr. Zimmerman was bom in Spartanburg County, South Caro lina, on September 9, 1888, and moved to Cass County, Texas, in the year 1891. He is a lifetime Director and past President of the Lumbermen’s Association of Texas, exMayor of the City of Waco, member of the Masonic York Rite Bodies, Past Potentate o f Karem Shrine Temple, hon orary life member of the Waco Rotary Club, and member of the Austin Avenue Methodist Church, Nominated by the Following Banks in Group 2: New Mexico Hobbs.......................... .......... First National Bank o f Hobbs Roswell..........................The First National Bank of Roswell Oklahoma Durant........................The Durant National Bank in Durant Texas Abilene..........................................................First State Bank Albany............................The First National Bank o f Albany Austin..........................................................Texas State Bank Ballinger................................................. First National Bank Bay City........................... Bay City Bank & Trust Company Belton............................. The First National Bank in Belton Borger..................................................... First National Bank Brownfield.......... Brownfield State Bank & Trust Company Brownfield.............. The First National Bank of Brownfield Brownsville................................... Pan American State Bank Brownwood....................First National Bank in Brownwood Cameron................ The Citizens National Bank of Cameron Canadian....................The First National Bank of Canadian Cleburne.......................................... Cleburne National Bank Coleman .—........First-Coleman National Bank of Coleman Conroe.....................................First National Bank in Conroe Dallas. American National Bank of Oak Cliff, Dallas, Texas Dallas............................. Oak Lawn National Bank of Dallas Denison........................The State National Bank of Denison El Campo....................Commercial State Bank of El Campo Gainesville.....The Gainesville National Bank in Gainesville Gatesville.................... -..... -The National Bank of Gatesville Gonzales-———...................................... Gonzales State Bank Graham......................................The Graham National Bank Hamilton....................................— Hamilton National Bank Harlingen..................The First National Bank of Harlingen Hillsboro................ The Citizens National Bank of Hillsboro Houston........................... Fidelity Bank and Trust Company Houston........ The Industrial State Bank of Houston, Texas Jacksonville.......... The First National Bank o f Jacksonville Karnes City—................ The Karnes County National Bank o f Karnes City Kingsville.......... Kleberg First National Bank o f Kingsville Laredo................................. Union National Bank of Laredo Mexia...................................... First National Bank of Mexia Mineral Wells—The State National Bank of Mineral Wells New Braunfels The First National Bank of New Braunfels Odessa ...........................................................First State Bank Palestine.............. ................................Royall National Bank Sonora...................................................... First National Bank Sweetwater............................. National Bank of Sweetwater Taylor............ ............. .................... The City National Bank Taylor......................................... First-Taylor National Bank Terrell....................The American National Bank of Terrell Vernon................................................Herring National Bank Vernon..................The Waggoner National Bank of Vernon Waco..........................................................National City Bank Weatherford........ The Merchants and Farmers State Bank o f Weatherford Winnsboro.............. The First National Bank of Winnsboro
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