Bisbee daily review., 1911-01-25

merger by increasing the aulhoi- ized capital stock from Two Hun dred Fifty thousand (25OOOO) to Six Hundred Fifty Thousand (650,- 00O) Shares of the par value of Ten Dollars (S1O.OO) each
 II. That one (1) share of the increased capital stock of Calumet and Arizona Mining company be exchanged for Three and one-half (31k) shares of present outstanding capital of Superior & Pittsburg Cop per company.
 ILL If fifty per cent C50f) of the stock of Superior and Pittsburg Copper company is deposited for exchange prior to April 1st. i9il' the Board of Directors of Superior and Pittsburg Copper company will declare to its stockholders, a diyi. dend equal in the aggregate to two and one-seventh GID times the aggregate of all the dividends Calumet and Ariz aa Mining com pany may pay its stockholders be tween August 18th, 1910 and April ist 1911.
 ". To amend the Articles oi incorporation of Calumet and Ari- zona Mining company to make the number of directors ten and cleo Henry R Req, of Pittsburg, as the new director
 In order to carry into offect the plan of your directors it is neces- sary to call a Special Meeting of the stockholders of Calumet and Ali zona Mining company, which is called to meet at the office of the company at Warren, Arizona, Feb ruary 18th, 1911, to amend the Arti- mended.
 The stockholders of Calumet and
 rizona Mining company are re. quested to sign and return at one in the addressed envelope the proxies enclosed 10 them.
 Holders of stock in Superior and eittsburg Copper company are re- quested to deposit their certicicates of stock with the State Street Trust company. of Boston. Massa- | chusetts. for exchange on the basis stated. The enclosed form of as- signment may be used if desired and when properly executed, should | accompany the certificates. For | safety, certificates should be for warded by Registered Mail or Ex- press.
 After Fifty per cent (5095) of the stock of Superior and Pittsburg Cop per company is deposited. the divi- dend to- stockholders of that conl- pany will be declared and the ex- change of stock made.
 The merged Companies, after pay. ment of dividends should have cash. copper and supplies on hand, on April Ist next of S3,500,O00 over and above liabilities and on tho Ipresent production can continue the l payment of dividends on the new Calumet and Arizona stock. without interest
 When all the stock of Superior and Pittsburg Copper company i exchanged there win be outstlndina 62S,571 shares of Calumet and Ari zona Mining company, leaving 21. 429 shares in the treasury of the company.
 | Certificates will not be issue, for the fractional part Of a share but scrip will be issued to be ex changed for regular certificate. when enough are presented at one time to make a whole number oi
 shares. Stockholders can avoi, fractions by eQualizing their hold Iings of Superior and Pittsburg Cop
 per company by either buying O
 selling sufficient shares to mak the number owned divisible by seven
 A statement of Assets and Liabil
 tiles Of the two companies as O
 date November 90 tn, 1910, is en closed herewith
 Your directors desire that eyerl stockhoI6er approve this proposal Deposit at once Certificates O stock of Superior and Pittsburg Cop per company with State Stree
 Trust Company, Boston. Mass.
 Dated Calumet. Michigan. Januar! 10, 1911
 For the Board of Directors o both companies.
 | CHARLES BRIGGS, President Il GORDON R. CAMPBELL, Secretary.
 CALUMET AND ARIZONA MINING COMPANY ASSETS
 Current Assets and Liabilities No vember goth 1910. CaSh ......-. -.--.- -.SZslof, f,FzJ.S' Bullion on hand .... ... SIG. 6.7s4 6: Ore in stock at Mine and
 SWelter -.....-- -.--.. ..otsSoo.v' , Supplies on hand at Mine and Shelter . ~ . 425, ,0O9 .3l ] Accounts Receivable ...... .161 .7S9 8. Stock in other companies .1s7, ,500.os
 Real Warren .... @, ,sS3.0.
 Ss.se9. .ssz1l