The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-01
PLAN TO RE0RGANIZE
THE MANHATTAN DEXTER

\. C. Raycratt president of the Man
| haitian Dexter company has mailed 10
stockholders a statement OF the purposes
OF the coming annual meeting TO be held
In Tonopah OF June 6. In view OF the
| expected contest at this session. the
meeting will be an interesting one, There
are several Salt Bakers interested In the
company, The statement OF Mr.. Ray
| craft. in part, follows:
In addition TO the regular election OF
| directors and the transaction of all other
| business properly coming before the an
nual meeting. IL is especially Contcm-
plated to adopt and pass sufficient reso-
lutions authorizing the settlement OF the
tedious. expensive and long -dra wn- out
disputes and litigation which have arisen
and been pending for a period OF two
years between this company. the Man
haitian Jumping Jack Mining company.
and the Manhattan Stray Dog Mining
company, and various parties claiming
under or through these corporations.
The plan proposed is 10 incorporate
corporation. TO be known as Dexter
Jumping Jack Consolidated Mines com
pany, with capital stock of 1,25O 900
shares. 10 which are to be conveyed the
company and the Jumping Jack mining
claim. owned by Manhattan Jumping
jack Mining comnany, In consideration
OF conveyance of the two last mentioned
claims TO the new company, the new
company will issue its entire capital stool,
10 the Manhattan Dexter Mining com
Jumping Jack Mining company. the rein
tive proportions to which each Of the two
last mentioned corporations shall he enti-
lied, 10 be determined by a board of
three arbitrators one to be appointed bv
this company. one 10 be appointed by
Manhattan Jumping Jack Mining COM
pany, and the third 10 be chosen by the
TWO arbltrators so appointed.
1t is then contemplated that the Man
haitian Dexter Mining company of Ne
vada and Manhattan Jumping Jack Min
n int . r1,1.
or inc new company an aggregate $50 900
shares OF the stock OF the new company
IN the same proportion in which they
received the same. this 10 insure sufG
the new company TO enable the new COM
panv TO prosecute future doveloDn1ent
work on the properties. The plan also
contemplates that all litigation in which
any of the above mentioned propertiaS or
corporations are now involved will he dis
missed. 10
The officers OF this company and lis
attorneys have labored incessantlv for a
period OF some months past in conduct
ing the negotiations which have finally |
uifnculties along the lines above meu- |
TONED; and the past has amply demon |
strated the fact that until such settle |
ment shall he adopted and ratified by |
proper corporate authority these valuable |
mining claims viii continue TO remain
i!le ihoetnltely under the various injunc-
i've orders and processes OF the courts.
planned To YOU in brief the wisdom ara
advantage OF this proposed merger ana
the absolute necessity of carving tLn
SpoNe ,,,oNs plan INTO effect IL any dividends or
profits are ever TO be realized nv tbe
stockholders: and so. we hone Won rjIr
lend your approval to n proposition which
Wncn tII 1hrrlgd INTO execution. will insure
INC actlVe DEVELOPMENT on a large sceln
ot one OF the most promising minin,
properties IN southern Nevada"