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F e d e r a l r e s e r v e Ba n k O F D A LLA S Dallas, Texas, October 31, 1958 N O M IN A TIO N A N D ELECTION OF DIRECTORS (By Member Banks in Groups 1 and 3) The member banks in Group 2 will not participate in this election, and this circular is sent to them without forms for their information only. To the M em ber Banks in Groups 1 an d 3 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 24, 1958, in regard to the election of directors of this Bank to succeed Mr. J. Edd McLaughlin, Class A director, and Mr. J. B. Thomas, Class B director, whose terms will expire December 31, 1958, 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 neces sary 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 24, 1958, or subsequently changed by a certified authorization. If you so desire, you may change your authori zation 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 3, 1958, and close at 2:00 P.M. on November 18, 1958. Conse quently, your ballot must be received here not later than 2:00 P.M., November 18, 1958, 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, ROBERT J. SMITH Chairman of the Board This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) IMPORTANT Please read carefully the instructions herein contained and the form of 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. M y circular letter of September 24, 1958, giving notice of this election, contained a list of member banks in Groups 1 and 3, showing the officers who were then authorized to cast votes in directors’ elections. 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: “Within fifteen d ays after receipt of the list of 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 chairman of the board of direc tors of the Federal reserve bank of the district. Each such officer shall m ake a cross opposite the name of the first, second, and other choices for a director of class A and for a director of class B, but shall not vote more than one choice for any one candidate. No officer or director of a member bank shall be eligible to serve a s a class A director unless nominated and elected by banks which are members of the sam e group as the member bank of which he is an officer or director. * * * * * * * “A n y candidate having a majority of all votes cast in the column of first choice shall be declared elected. If no candidate have a majority of all the votes in the first column, then there shall be added together the votes cast by the electors for such candidates in the second column and the votes cast for the several candidates in the first column. The candidate then having a majority of the electors voting and the highest number of combined votes shall be declared elected. If no candidate have a majority of electors voting and the highest number of votes when the first and second choices shall have been added, then the votes cast in the third column for other choices shall be added together in like manner, and the candidate then having the highest number of votes shall be declared elected. A n immediate report of election shall be declared. * * * * * * * . .w henever any two or more member banks within the sam e Federal reserve district are affiliated with the same holding com pany affiliate, participation by such member banks in any such nomination or election shall be confined to one of such banks, which m ay be designated for the purpose by such holding com pany affiliate.” The member banks in the Eleventh Federal Reserve District are grouped as follows for the purpose 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 $2,000,000 and over; Group 2 consists of banks with capital and surplus of $300,000 and over, but under $2,000,000; and Group 3 consists of banks with capital and surplus of under $300,000. Please forward your ballot so that it will reach this office on or before 2:00 P.M., November 18, 1958. If the ballot is received after that time, it cannot be counted. N O M IN EE FOR CLASS B DIRECTOR H. B. Z A C H R Y Nom inated by the Following Banks in Group 1: President and Chairman of the Board H. B. Zachry Company TEXAS San Antonio, Texas A bilene .................................... The Citizens National Bank in Abilene Mr. Zachry was born in Uvalde, Texas, in 1901. He received his degree in civil engineering from Texas A. & M. College in 1922 and, shortly thereafter, formed the con struction firm of H. B. Zachry Company, which has devel oped into one of the major construction companies in the United States. He was the National President of Associated General Contractors of America in 1940 and is presently a member of the Board of Directors of Texas A. & M. College. A m arillo.................................... The First National Bank of Am arillo In addition to serving as President and Chairman of the Board of the H. B. Zachry Company, Mr. Zachry has organ ized and directs the following subsidiary and affiliated companies: Alamo Aviation, Inc., Citizens Republic Insur ance Company, Bexar Equipment Company, Francitas G as Company, Gasoline Production Corporation, Line Services, Inc., Produce Market Building Corporation, W right Oil Com pany, Zachry Industries, H. B. Zachry Properties, and The Transit Tower Building Corporation, all of San Antonio, Texas; Herring-Price Lumber Company and Rancho Blanco Corporation of Laredo, Texas; and Capitol Aggregates, Inc., Austin, Texas. Houston............ Bank of the Southwest National Association, Houston A ustin......................................The American National Bank of Austin A ustin......................................The Capital National Bank in Austin Beaumont............................The American National Bank of Beaumont Beaumont.................................... The First National Bank of Beaumont D allas..................................................First National Bank in Dallas D allas........................................... Mercantile National Bank at Dallas D allas........................................... Republic National Bank of Dallas El Paso.......................................................... El Paso National Bank Fort W orth.................................The First National Bank of Fort Worth Houston............................. ................................. Citizens State Bank Houston......................................First City National Bank of Houston Houston.............................................Texas National Bank of Houston San A ntonio........................ The Alam o National Bank of San Antonio San A ntonio............................. The Frost National Bank of San Antonio San A ntonio.......................... The G roos National Bank of San Antonio San A ntonio...................... National Bank of Commerce of San Antonio W a c o ......................................The Citizens National Bank of W aco W aco .............................................The First National Bank of W aco W ichita Falls.................................City National Bank in W ichita Falls W ichita Falls.......... ................. The First National Bank of W ichita Falls NO M INEE FOR CLASS A DIRECTOR j. edd M cLa u g h l i n O KLAHO M A President Antlers..................................................First National Bank at Antlers Security State Bank & Trust Company A toka....................................................... ....... The Atoka State Bank Colbert......................................... The First National Bank of Colbert Ralls, Texas TEXAS Mr. McLaughlin was born on a farm in Childress County on February 1, 1894, later moving with his parents to Col lingsworth County, then to Gray County, and in 1905 to Crosby County, where he has resided continuously since that date. He was educated in the public schools of Texas, the West Texas State Teachers College in Canyon, and the Brantley-Draughons Business College of Fort Worth. Upon leaving school in 1912, he was placed in charge of the private institution “W . E. McLaughlin Banker,” founded by his father in that year and incorporated in 1918. He has served as an officer and director of that institution since its organization and is now its President. He is joint proprietor and executive of “The McLaughlins,” land hold ings and investments, and owns and operates extensive farming and other properties. Mr. McLaughlin has served as President of the Cap Rock Bankers Association; President of the South Plains Bankers Association; Chairman of the Seventh District, Treasurer, and member of the Executive Committee of the Texas Bankers Association; President of the Ralls Chamber of Commerce; President of the Ralls Rotary Club; a gover nor, Chairman of the Investment Committee, member of the Finance Committee, and a director from the United States of Rotary International. He is now serving as Director of the Ralls Chamber of Commerce; a director of the Central American Life Insurance Company, Lubbock, Texas; trustee of the First Methodist Church; member of the Executive Council and National Council member from the South Plains Area of the Boy Scouts of America, from which he is recipient of the Silver Beaver award. He is also Chairman of the Crosby County Savings Bond Committee. Asperm ont.................................The First National Bank of Aspermont A th e n s .......................................... The First National Bank of Athens Baird...................... ....................... The First National Bank of Baird Beeville............................... The Commercial National Bank of Beeville Bells................................................ The First National Bank of Bells Bovina................................................. First National Bank of Bovina Brenham............................... The Farmers National Bank in Brenham Bronte................................................. First National Bank in Bronte Daingerfield.................................... The National Bank of Daingerfield Daw son......................................... The First National Bank of Dawson Decatur......................................... The First National Bank in Decatur Eagle Lake.................................The First National Bank of Eagle Lake Evant................................................The First National Bank of Evant Farmersville.................................. First National Bank at Farmersville G raham .................................................. The Graham National Bank G ranbury.................................. The First National Bank of Granbury G rapevine....................................... First National Bank of Grapevine Ham lin................... The Farmers & Merchants National Bank of Hamlin Hereford...........................................................Hereford State Bank Honey G rove.................................First National Bank in Honey Grove Houston....................................... Northeast National Bank of Houston Hughes Sp rin gs................... The First National Bank of Hughes Springs Kaufm an................The Farmers & Merchants National Bank of Kaufman Kerrville.................................................. First State Bank of Kerrville Knox City.......................................................The Citizens State Bank Leonard.................................................. The Leonard National Bank Lipan.............................................. The First National Bank of Lipan Lorenzo............................................................... Lorenzo State Bank M art........................ The Farmers and Merchants National Bank of Mart M art................................................... The First National Bank of Mart Morton...................................................................... First State Bank M uleshoe......................................... First National Bank of Muleshoe Panhandle.................................. The First National Bank of Panhandle Post................................................... The First National Bank of Post Nominated by the Following Banks in Group 3: Ralls...........................................Security State Bank & Trust Company Rotan.............................................. The First National Bank of Rotan Sea grave s.................................... The First National Bank in Seagraves LO U ISIA N A Spur....................................................................Spur Security Bank Sudan.............................................. The First National Bank of Sudan Delhi................................................ The First National Bank of Delhi Taft........................................................ The First State Bank of Taft Teague................................................First National Bank of Teague N E W M EXICO Van Alstyne.............................The First National Bank of Van Alstyne W axahachie.............................Citizens National Bank in W axahachie Lordsburg.................................The First National Bank of Lordsburg W hitesboro.................................Security National Bank of W hitesboro W ills Point.................................The First National Bank of W ills Point Melrose......................................... The First National Bank of Melrose W inters.......................................................... The W inters State Bank
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