Certificate of 1 Share of 100 Pesos issued in Guanajato 1902

Known as "Winston Churchill".

Uncancelled, with coupons.

5,000 shares issued in the capital of the bank.

Mexican public limited company, incorporated on August 15, 1900 for a period of 30 years, with the purpose of issuing notes payable in cash at par, at sight and to bearer; the discount of trade bills bearing two signatures and with a maturity not exceeding 6 months; loans with 6 months due date, loans to the government of the State of Guanajuato and to the municipalities of the State, under the conditions and guarantees fixed by the Board of Directors, and also all banking operations.

Board of Directors: 5 members in Guanajuato and advisory board of 3 members in Mexico City, appointed for 2 years, owners of 50 shares. MM. J. Fernandez, A. Gonzalez, M. Antillon, J.-B. Castelazo, M. Barré de Saint-Leu, Ramon-Alcazar Jr, F. Pimentol, E. Schroeder.