The Owyhee nugget. ([Silver City], Idaho) 1905-1984, 1908-06-26
The Banner Mining "a MILLING
Conpanv's Stockholders
Rzeetins.

A'sGUstth#-
| The annual meeting of the stockholders
of the Banner Mining and Milling com
pany was held at their office, on Wednes-
day. A large number of the stockholders
from Minnesota were in attendance and
525, 900 shares of the stock were repre-
sented by persons and proxies. After
the meeting was called to order by the
president, and the minutes read by the
secretary, the president, secretary and
treasurer presented their annual report,
which were received and approved, and
the election of the officers of the company,
by vote Of the stockholders was then
had, resulting as follows: President and
general manager, Peter Steele, vice pres
ident, F. s. Heer, secretary y-treasurer,
Thomas N. Nelson. A change in the by
laws, adopted at the meeting last year,
made these officers elective by a general
vote of the stockholders, and the bylaws
requiring that they shall be members of
the board of directors, it left only two
members of the board to be elected by a
general vote of the stock represented. c.
Edward Booth of Minneapolis, and Henry
X. Doll of Scranton, were placed in NOM
ination for directors, and there being no
other nominations they each received the
entire vote cast, and were announced
duly elected.
1t was then, upon motion, resolved,
That the general Office of the company be
hereafter located in Boise, and that the
change in the articles of the corporation
to this effect be certified to by the Secre-
tary of State. Then it being learned
from the report of the secretary, that,
approximately 400, 900 shares of the COM
pany's stock still remained in the treas
ury, undisposed Cd, the question came up
for discussion: Shall we order stock di-
vidend to be made of portion of the re-
manning stock, or shall the company still
hold it in the treasury for future emergen-
cies? After considerable discussion upon
all the points raised by the question, some
contending for so per cent dividend,
others for forty or 25 per cent, it was
finally decided by majority vote of the
stockholders, to leave it all remain in the
treasury for one year longer
Upon motion of DIR. Booth the resolu-
ton creating an Executive Committee of
three members to have power OF making
contracts for the company be now re-
scinded, the construction of the mill,
boarding house and other duties of the
committee having been carried out, and
that a vote Of thanks be rendered the
members of the committee for the efficacy
and faithfulness with. which they per-
formed their duties during the past year.
On motion by the superintendent, a
vote of thanks was rendered the managers
and superintendents of the mines and
mills in this vicinity, especially the man
ayers of the Trade Dollar, DeLamar and
Potosi mines, for the many favors shown
the company during the past, and for
their cordial support and sympathetic en-
couragement at all times.
The meeting adjourned after many ex-
pressions of good feeling and hopefulness
for prosperous future of the Banner M.
& M. company's undertakings, SO far
propitiously carried on. With general
handshakings and fluctuations the stock
holders then dispersed.