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Rainbow Ranche Collection

Letter from J. Corbett at The Canadian Bank of Commerce to "Sir" at Rainbow Ranche, October 7, 1912 Canadian Bank of Commerce Oct 7, 1912

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The Rainbow Ranc^flta., t
Qksfiagan Centre. "a
Dear Sir:-
I am now in receipt of advice that Mr. McAllister has arranged
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1
with JpLe Bank for the  following credit:
ij|F . |
$10,000. on the Company's own notes, secured by: I
A the guarantee of J* E* McAllister,'J. Collie and R. S. Dormer '
' in proportion to the holdings of each in the Company and aggregating
$10,000. j
The title deeds to the Company's real estate will be lodged wit|i the
Bank during the currency of the loans.
We enclose promissory notes aggregating to $10,000. together with a few ext|a
forms. It will be necessary for these to be signed on behalf of the Company
by all the Directors and they should also bear the seal of the company. Three
f
guarantee bonds are also forwarded herewith for signature of the respective
the I
guarantors.  They should be returned to us together with personal statei^nts
of the signers. • /
Please send me a copy of the Minutes of the Meeting of the Directors at
which you were appointed the Manager ss£ which should state you baling powers,
etc* Please certify the copy and affix the Company1s seal thereto.
A'
We understand from Mr. McAllister that $10,000. will b^4he maximum amount
required.  Interest will be collected monthly.
Yours truly,

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