Letter to Title Insurance and Trust Company

As Ken Kitasako, Secretary of San Luis Obispo Buddhist Church, writes to Title Insurance and Trust Company, "At the board meeting of the San Luis Obispo Buddhist Church held on June 10, 1962, the subject of the need of additional funds to defray cost of our new church building was discussed. Masaji Eto, treasurer, stated that Security First National Bank, San Luis Obispo, was willing to go on a loan of $38,000 at 6% interest for a 10 year period with monthly payments of $422.00. The matter was discussed at length and it was moved (Ken Kitasako), seconded (Stone Saruwatari) that Masaki Eto be authorized to negotiate with Security First National Bank for said loan of $38,000 at 6% interest for a period of 10 years with monthly payments of $422.00. The motion was carried unanimously."