The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1903-04-18
70 EXl HIA11KoxDx1S or TN
SULLIVAN GROUP MINING CON-
PAHYs

SULLIVAN GROUP 1sxNINa CON-
RANYs
TAKE NOTICE, that special gen.
eral meeting Of the said company will
be held at the Offices Of the company
In the city Of Spokane on the 2Sth
day Of April, 1903, at the hour OF II
o'clock, forenoon, for the purpose Of
considering the following resolutions:
Whereas, the company is Indebted
to divers and sundry persons in re-
spect to advances of money made by
them, and goods. wares and merchan-
disc furnished by them. amounting in
all approximately to the sum Of $140,-
900. upon which advances and bills
for goods. wares and merchandise in
terest has accrued to the amount ap-
proximately of $500. which advances
were made to and accepted by the
company and which goods, wares and
merchandise were purchased by the
company pursuant to resolutions Of
the company duly passed authorizing
the borrowing of money and the pur-
chase of goods, wares and merchant
disc.
And whereas, 1t is desirable that
the trustees and officers of the COM
pany should be authorized and en-
powered to borrow the sum of $780,
900, to bear interest at such rate as
can be arranged, and not exceeding
the rate of per centum per annum,
for the purpose Of paying and salts
flying the advances heretofore made
to the company and the bills for
goods, wares and merchandise, both
principal and interest and also for
the purpose of completing the COM
pany's works and smelter at Marys-
vile, British Columbia, and also for
the purpose of furnishing the work.
ing capital to carry on the company
business after its works and smelter
shall have been completed. and that
such sum when borrowed may be evil
denced and secured to the lenders by
the negotiable bonds Of the company
and a mortgage on the company S
lands and mineral properties in Brit
ish Columbia to secure the said
bonds; and that all other terms and
details should be arranged by the
tldotCCo anu oiltCto.
Now, therefore. be it resolved
that the trustees and officers of the
company are authorized and empow-
cred to borrow from such persons
or corporations as they may think fit
sum or sums of money. not exceed
ing in all the sum of S250.000, and
to give and execute on behalf of the
company $500 negotiable bonds or
debentures Of the company. payable
to bearer numbered consecutively
from / to $780, both numbers includ-
ed. each of said bonds to be of the
denomination of 500, to be payable
five years after the date of issue. and
to bear interest from the date of issue
at rate not exceeding per centum
per annum, payable semi annually,
and said trustees and officers of the
company are authorized and empow-
cred to deliver to the lenders of said
sum of $250.000 bonds or debentures
to the amount in dollars equal to the
sum or sums loaned by them. and as
the same is received by the company.
or to deliver to all or any of the per-
sons to whom the company owes the
said sum of $4,000 portions of such
bonds equal to the claims OF the cred
itors who accept the same in salts
faction, and the trustees and officers
of the company are hereby authorized
to execute on behalf of the company
mortgage on the company's lands
and mineral properties in British CO.
lumbia, or any part thereof. to George
Turner and j. w. Van Dyke, trustees
for the bondholders, or debenture-
holders, to secure the payment of the
said bonds, each and all of them. both
principal and interest. when and as
the same become due. which said
mortgage shall contain a stipulation
that on default in the payment of ac-
crued interest on the said bonds or
any of them for 60 days after the
same shall have become due and pay
able. that the trustees may immedi-
ately proceed to enforce the said
mortgage and pay the said bonds
from the moneys thereby realized.
and which said mortgage shall con-
tain .euch other usual and reasonable
terms. conditions and stipulations
concerning the DOEtuS anu mortgage
and the payment of the principal and
interest of the said bonds and the
enforcement of the said mortgage,
not inconsistent with this resolution.
as the trustees and officers of the
company may arrange and deterpine.
BE 1t resolved further that the
action of the trustees in mourning
the said Indebtedness of $4,000 be
and the same hereby Is approved,
ratified and confirmed"
And take further notice, that a
special general meeting of the said
company will be held at the offices
of the company In the said city of
Spokane at IL o'clock a. m, on May
9. 1903. to confirm the actions of the
shareholders at the meeting called for
the 25th day of April, 1908. as above.
GEORGE TURNER, President.
j. c. WILLIAMS. Secretary.
SUMMONS.
In the superior court of the state Of
Washington for Spokane county Kate