The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1903-04-11
TO THE SHAREHOLDERS OF THE
SULLIVAN GROUP MINING CON-
pANY.

TO THE SHAREHOLDERS OF THE
SULLIVAN GROUP MINING CON-
PANY:
TAKE NOTICE. that a special gem
eral meeting of the said company will
be held at the offices of the company
in the city of Spokane on the 25th
day of April 1908, at the hour of IL
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 s1i0.-
600, upon which advances and bills
for goods. wares and merchandise in
tercst 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 merchan-
disc.
tAnd whereas. it is desirable that
the trustees and officers of the COM
pahy should be authorized and en-
powered to borrow the sum of $3.50
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 5
business after its works and smelter
shall have been completed. and that
such sum when borrowed may be evil
ienced 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
lsh Columbia to secure the said
bonds: and that all other terms and
details should be arranged by the
compapy's trustees and officers.
Now. therefore. be it resolved.
that the trustees and officers of the
company are authorized and empow-
cred TO borrow from such persons
CIR corporations as they may think fit
a sum Or sums of money. not exceed
ing in all the sum of s250,000, and
4 lal, n Of lN.,
company $500 negotiable bonds or
debentures OF the company. payable
to bearer numbered cousecutiNely
from l to $500. both numbers includ-
ed, each of said bonds to be of the
denomination OF S1Oo. to be payable
Ave years after the date of issue. and
20 bear interest from the date of issue
ut n rate not exceeding per centum
per annum. payable semi-annually
and said trustees and officers of the
company are authorized and empow
lsred to deliver to the lenders of saiC
sum of $4,000 bonds or debentures
70 the amount in dollars equal to tn,
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 tn,
said sum of 100000 portions of such
BONDS equal to the claims OF the cred
ttors who accept the same In salts
faction, and tho trustees and officer:
of the company are hereby authorized
to execute on behalf OF the compan,
a mortgage on the company's land
and mineral properties in British Co
lvmbia. or any part thereof. to Georg
Turner and j. w, Van Dyke, trustee
for the bondholders. or debenture
holders, to secure the payment of tn
said bonds. each and all of them. bot
principal and interest. when and a
the same become due. which sal
: mortgage shall contain a stipulation
that ON default In the payment of &C
any of them for so 1Hys after tn
, same shall have become due and pay
able. that the trustees may immedi
ately proceed to enforce the sal
, mortgage and pay the said bond
J from the moneys thereby realized
. and which said mortgage shall con
tain such other usual and REASONABLE
terms, conditions and stipulation
concerning tho bonds and mortgag
, and the payment OF the principal an
: interest of the said bonds and TN
enforcement OF the said mortgag,
/ not inconsistent with this resolution
as the trustees and officers OF tn
company may arrange and determine
! "Be II resolved further. that IN
, action OF the trustees In incurrin
i the said Indebtedness OF $4,000 b
: and the same hereby is approves
, ratified and confirmed"
. And take further notice. that
: special general meeting of the sal
J, company win be held at the offict
3 OF the company In the said city
= Spokane at IL o'clock a, m. on Ms
. .. 1908, to confirm the actions of Il
q shareholders at tho meeting called (,
!. the 25th day OF April. 1908. as ahoy
l. GEORGE TURNER. President.
J, c, WILLIAMS. Secretary.