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(c) that a building, valued at $1,850,000, and the land on which it is located, valued at

$162,500, be acquired in accordance with preliminary negotiations by the issuance of 17,500 shares of common stock. The plan was approved by the stockholders and accomplished by the following transactions:

Jan. 10. Borrowed $2,000,000 from Whitefish National Bank, giving a 7% mortgage note.