The oasis., 1912-01-13
AMENDMENT
 To ARTICLES OF INCORPORATION --oF THE- MEXICAN METALS COMPANY.
AMENDMENT
THE TERRITORY OF ARIZONA, |
 COUNTY OF CoCHIsg.

Whereas, at the annual meeting of the stock holders of the Mexican Metals Company, a corporation organized and existing under the laws of the Territory of Arizona, which meet. ing was held at the office Of the company in Bisbee, Arizona, on September 26th. 1911, by an affirmative vote 0! a majority of the Outstand- Ing stock, it was resolved to amend the Articles Of1ncorp0raton Vf said company in the follow. ing particulars tO-Wit:
 First To amend Article III of the said Articles of Incorporation so that the same shall hereafter read as follows:
 Article Ill The amount Oi the capital stock of the corporation shall be five million dellars (x5 OOp 00O) divided into one million shares of the par value of five dollars ($5.0O) per share These shares may be issued in the discretion of the Board of Directors, either as fully paid and nOn-assessable stock, or they may De issued as partly paid stock. In the latter case the time when and the conditions upon which calls for further payment on account of tte purchase price shall be made, shall be deter mined by the Board of Directors. Such calls may be made even though all the authorized capital stock Is not issued, or the com pany has in it's treasury unsold treasury stock. but after the shtres have been fully paid, they shall no longer be subject to calls or assessments. Said capital stock or any part thereof may be sold for cash or may be issued in payment for prop erty of any kind service, contracts rights or interests purchased or otherwise acquired by said corporation. upon such terms as the Board of Directors may determine and In the absence of actual fraud, the Judgment 0t the Board Oi Directors as to the value of the property, ser vices, contracts, right or interests purchased, | or otherwise acquired shall be conclusive. Second: To Amend Article VII of the said Articles of Incorporation 80 that the same shall 1 hereafter read as follows:
 Article VII The highest amount of indebt- edness to which the corporation shall subject itself, shall not at any time exceed two million five hundred thousand dollars ($2,5O0O0o). l That the said amendments were adopted by an affirmative vote of the stockholders repre- senting four hundred and seventy thousan two hundred and seventy-fOur shares of the outstanding capital stock of the Mexican Metals Company, out of Il total of four hundred seventy thousand seven hundred thirty.SiY shares. The president and aeeretary Of tho ! company were directed to sign and acknOwl- l edge such amendment to the Articles of lneor- l poraton and procure the publication thereof The signatures of the of the officers of the cor poratiOn as required by law%to-wit the secrc- ! tarv and president of the Mexican Metals Com i paliy, are attached hereto aud this instrument ' acknowledged by the president as required by l Act No SS of the Session Laws of the Twenty Second Legislative Assembly of Arizona Witness the signatures of the president and secretary of the Mexican Metals Company this ! 26t day ol september, l9ll.
 AUGUST FRITSCHE, 1 Attest: President
 SUMNER NJ. TEELE,
 Secretary.