[Letter from G. D. Ulrich to J. Seinsheimer, December 20, 1932] Page: 1 of 2

                                
THIS IS A JOINT STOCK ASSOCIATION WITHOUT PERSONAL LIABILITY OF ANY KIND UPON ITS TRUSTEES OR SHAREHOLDERS. ALL PERSONS DEALING WITH IT AGREE TO LOOK ONLY TO THE ASSETS OF THE ASSOCIATION

I. H. KEMPNER, PRESIDENT
W T ELDRIDGE,VIcE-PRESIDENT  J. VICKERMAN, SECRETARY
G.D.ULRICH, VICE-PRESIDENT  E.O. GUENTHERTREASURER
TIlE SUGAXIANI INDUSTR4@EMj

MERCHANDISING
GENERAL AND
TRUCK FARMING
IRRIGATION AND
LAND RECLAMATION

Svc ITV iLANDTi TXAS

MIXED FEEDS
CATTLE
COTTON GINNING
PRINTING AND
PUBLISHING

I . J. >.e nsheine-r,

...L_..   _J

Li  ackno rl  :  Jous of'
on vrith the above subject,

C U1LC Ct-

certainly are not Coiu; to overlook filing
Urn statement of The Industries, particularly
-' connection with the Bank, sometime before
anuary 20th., and as lo:l' as I ar here, every
ear thereafter.
banking you for callin; this nto  y atteitioi,
veryy truly,
40A        ~  ~   L

I

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v1L 19th. , in
, n0tel.