Daily Arizona silver belt., 1908-04-14
LEGAL ADVERTISEMENTS

II serve fund to meet contingencies. O
IT for equalizing dividends, or for repair
Is ing, maintaining or improving an,
a. property of the company, or for sucl
<, other corporate purposes as the boar,
d shall think conducive to the Interest,"
is OF the company, subject only to sucl
L limitations, if any, as the bylaws Of
$, the company may from time to time i'm
l. pose
n U3) And the board of direc tor.
shall also have power TO direct and de
;, termine the use and disposition of any
surplus or net profits over and above
G the capital stock actually paid in, and
r the amount required to pay dividends
q on the preferred stock, and in its dis
: erection the board of directors NAV use
e and apply any such surplus or cumu.
! lative profits in purchasing the bonds
, or other obligations or shares of the
: capital stock of the company to such
5 extent and in such manner and upon
$ such terms as it may deem expedient.
} and shares of such capital stock SO pur-
chased or acquired may be re-sold, un-
} less such shares shall have been re-
tired Tor the purpose of decreasing the
. company's capital stock as provided by
4 law.
J Q4 Treasury stock and increases
of capital stock shall be sold at public
or private sale, or be distributed or
! otherwise used or disposed of to the
advantage of the company in accordance
with resolutions passed by the directors
and shall not be allotted or offered pro
rata to the stockholders of the CORPORA.
ton unless an express resolution to that
effect be passed by the directors.
/ 15) All the powers of the corBora.
ton are vested in the board of directors
who shall be elected by the stoekhold.
ers, and by which board bylaws NAV
be adopted, amended, changed or al.
tered, except when the change of
bylaw or exercise of power is made
by statute expressly dependent upon
action by or consent of the stockhold.
ers, but bylaws made by the directors
may, be altered or repealed by the
stockholders at any annual meeting. or
at any special meeting, provided notice
of the proposed alteration or repeal Is |
included in tBe notice of such special
meeting
l6) The directors shall present or
cause to be presented by the proper
officers, a full statement at the regular
annual meeting of the stockholders
showing in detail the assets and liza.
bilities of the corporation. and. gen.
orally, the condition of its affairs: and
a similar statement shall be presented
at any other meeting of the stockhold.
ers when thereto required by persons
holding at least one third of the can
itai stock of the corporation, then IS.
sued and outstanding. Subject TO the
provisions hereof and of the bylaws
and of the laws of the State of Maine
the board of directors from time TO
time shall determine whether and TO
what extent and at what times and
places, and under what conditions and
regulations, the accounts, records and
books of the corporation. or anv of
them, shall be open to the inspection of
the stockholders, and no stakeholder
shall have any right to inspect any ac
count or book, or document, Of the
corporation, except as prescribed here.
by or by statute or authorized by the
bylaws or by express resolution of the
board of directors, or by resolution of
the stockholders.
PROVIDED, HOWEVER. that moth. G
ing herein contained shall be construed
to authorize the corporation to trans I.
act business in any other state. terri =
tory or foreign country contrary TO the \
provisions of the laws of such state. 2
territory or foreign country, and that +
nothing in these purposes shall be con- n
'trued to give the corporation any q
lights, powers or privileges not permit 4
ed under the laws of the State of
Maine to corporations organized under
Section of Chapter AZ of the Revised
statutes of the State of Maine, and
he following corporate purposes shall =
'e exercised only in states and terri ?
oEies other than Maine, namely, the
obstruction and operation of railroads,
n aiding in the construction thereof.
telegraph and telephone companies and a.
ines, and gas or electrical companies. =
nd such businesses are to be carried IS
n only in states and jurisdictions when q
nd where permissible Under the laws
hereof.
The amount of the total authorized G,
apital stock of this company is FOUR
HILTON DOLLARS "a ,0O0, 000); the
lumber of shares into which the cap -,
tal stock is divided is forty thousand a.
100000 shares of the par value of
NE HUNDRED DOLLARS ($1O0)
aeh.
OF such total authorized capital stock
hirty thousand (30,000) shares, amount.
az to THREE MILLION DOLLARS
S3,O0O,000) is common stock, and ten 81
lousand 100000 shares, amounting to
NE MILLION DOLLARS Isl, 000,OO0)
preferred stock
The amount of capital stock already ed
aid in is FOURTEEN HUNDRED
CELLARS $1,400).
PREFERENCES: The holders of the
referred stock shall be entitled to re-
eve as and when declared from the on
irplus and net profits of the corpora mi
on yearly dividends at the rate of six
y per cent, and no more, payable semi
nnually on the first days of May and
ovember. These dividends on the pre- I'll
'rred stock prior to and on the first
ny of November, 1911, shall be non
but from and after that an
ate such dividends shall be cumulative. Al
referred stock shall have no preference alb
ypr common atoek avoan4 n, H.: a.