Bisbee daily review., 1905-08-06

The Junction Development Co. has issued a circular to its stockholders an nouncing in detail the reorganization plan decided upon. The circular reads as follows:
 It has been decided by the manage ment of your corporation to organize 9 mining corporation under the laws of Minnesota. on the following plan, to-wit:
 Name-Junction Minin. Company.
 Captial-$2.OOO.OO 900 in 5OO,OO0 shares of 5000 each.
 The plan is as follows:
 The Development Company shall transfer all of its property. real and personal. to the Mining Company, on the following terms, viz:
 l. The Mining Company shall as sume all indebtedness of the Develop ment Company.
 2. 150.OOO shares of the stock of the Mining Company shall be issued to the order of the Development Compa- ny, to be divided pro rata among the stockholders of the Development Com pany. of record September goth, 1905, upon the surrender to the Develop ment Company of their stock therein. This will give each stockholder of the Development Company without cost g shares of the stock of the Mining Company for each share of stock held by them in the Development Company.
 9. 100000 shares of the stock of the Mining Company shall be open to subscription only to stockholders of the Development Company of record September goth, 1905 pro rata, l. e., each stockholder of the Development Company shall have the right to sub scribe for two shares in the Mining Company at par. for each share held by him in the Development Company.
 i. 50.OOO shares of the stock of the Mining Company shall remain unissu- ed until such time as the Mining Com pany shall think best to issue 1t and then such stock shall be open to sub scription to the stockholders of the Mining Company pro rata.
 5. Only stockholders of the Devel- opnent Company of record at the close of books September goth, l90o' shall be entitled to subscribe Tor stock in the Mining COH.Pa1y, G. Any stockholder of the Develop ment Company who fails to subscribe and pay for any part of his pro rata | share of stock of the Mining Company bv date hereinafter specified will be deemed to have thereby eledted not to take such stock in the Mining Compa' nv. and have no right thereafter to take such stock.
 Pursuant to the above plan you are hereby notified that subscriptions VIII he received for the stock of the June ton Mining Company at this o1hce from and after the date hereof un.li | 1 o'clock D. m. of the 3Oth day Ol oep tember. 1905. when the suoscrlp'ion books will close. stock will be sold at it's par vaiut of 5000 per share, payable ID lns'aii | ments as follows:
 $500 per share must aecohipah!
 S5GO her share must be paid on oI before December 23rd, 1905. i Any subscriber who wishes ma make full payment for his stock a time of subscription. r h
 No subscription for stock VIII p considered unless received Dy the uL |. dersigned on or before oclocA p' II r Sentember SOth. 1905 and unless a' ? companied by draft. express order Q l nost office order payable to Fet5 I Pnnne treasurer. for $500 per shar :, or each share of stock 50 subscrioe [ for. ., 0a,o }. Certificates for stock in the DeVe
 opment Company formally assighe
 must accompany each subscriptloh'
 Certificates for this stock VIII n' u ba issued until the same is full pal . when the regular engraved ceru 2, cates reeistered by the Merchants 1l Miners Bank of Calumet, Mlchlsa
 will be issued.
 Receipts for the amount pad - subscription will be forwarded to su
 scribers. These receipts must De
 turned to this office when final pa
 ment is made for the stock el- Transfer books Junction DevelC nd ment Company will be closed at lg o'clock D. m. of September goth, 1S' To Bv order of the Board of Directo sy GORDON R. CAMPBELL w Secretal
 JUNCTION DEVELOPMENT co
 PANY.
 Calumet. Michigan, August 1st, 19'