The Arizona copper camp., 1917-12-22

meeting was called to order by D. G.
Scofield, the President of said corpo-
ration, and on motion duly made, Sec
onded and carried the said d. G.. Sco-
field, President of said corporation,
was unanimously elected Chairman of
! the meeting, and acted as such Chair
man; and on motion duly made, Sec
onded and carried William Edwards,
the Secretary of said corporation, was
unanimously elected Secretary of said
! meeting, and acted as such Secretary
And we do further certify and de-
clare that at said stockholders meet
ing there were present in person and
represented by proxies in writing, duly
filed with the Secretary of said cor
poration, as required by the Bylaws
of the corporation, stockholders own
ing and holding 198,027 454356-983383
shares of the total of 250,OOO shares
/ of the entire capital stock of said cor.
j poration, and all of which capital stock
had been heretofore subscribed for
and issued and was then OUTSTANDING
and being stockholders representing
upon the books of said corporation
more than two-thirds of all the sub
scribed or issued capital stock Of said
corporation, to wit, representing 1913,
OPT 454356-983383< shares out of the
total of 250,0O0. shares of the sub
scribed and issued and outstanding
capital stock of said corporation, as
aforesaid; that the amount of stock
duly and regularly represented at said
netting was 198,027 454356-98338s
shares
And we do further certify that the
following proceedings at said special
meeting of stockholders were then
taken and had:
The Chairman, on motion duly
made, seconded and carried, caused
the Secretary to read the resolution
of the Board of Directors so as afore
said adopted at the meeting of the
said Board, held on the 21st day oil
May, 1912, calling said special meet
} ing of stockholders, and which reso
luton is hereinbefore fully set forth
and also caused said Secretary to read
the affidavit of the due publication OF
} said notice of said meeting, copy OF
which is hereinbefore fully set forth
and also caused said Secretary tc
read his own affidavit of the due
mailing of said notice "a copy of which
is also hereinbefore set forth.
1t having been shown that the pub
lication and service of the notice OF
the meeting had been made in the
manner and in all respects as required
by law, thereupon, on motion duly sec
onded, the following resolution was
unanimously adopted:
Resolved that the report of the Sec
retary as to the publication and mail
} ing of notice of this meeting is true
q 0nf I, Il,
proved and ratified, and
Resolved further that due notice OF
} this meeting by publication and by
mailing has been given as required by
Section 359 of the Civil Code of Cali
fornla, and all preliminary steps fol
the holding of said meeting which are
required by law have been fully com
piled with
Thereupon, on motion duly second
ed, the following resolution was put
to vote:
Whereas, the total amount of CAP
ital stock of this corporation now is
the sum of twenty-five million dollars
i 25,000,00O), divided into two hundred
and fifty thousand (25O,0O0) shares OF
i the par value of one hundred dollars
($100D each, and
Whereas, all and singular, the said
capital stock has been subscribed for
and issued, has been fully paid up and
is now outstanding, and
Whereas, it is estimated that a large
sum, to wit, about eleven million dol
lars ($11,000,000) is needed and re
quired to pay the present indebted
ness of this corporation and the fur
ther sum of about seven million dol
lars ($7,O00,000) will be needed for
the ACQUISITION Of the necessary prop
erty and facilities for the current year,
and additional large sums will be re-
| qulred thereafter to meet and provide
for the future business and operations
thereof and the increased demands
that will be made upon it from time
to time in the conduct of it's business
and for the extension and growth Of
its said business and operations, and
/ considering all and singular the pres
ent Indebtedness of this corporation,
| Which has been incurred for money
had and for labor done and property
actually received, also it's coming
needs and requirements, and the said
estimated Indebtedness which will nee
I essarily accrue and be incurred in the
future for money paid to or labor done
for or for property actually received
by this corporation, and all as set
forth in resolution duly passed by
the Beard of Directors of said cor
poration on May 21st, A. D. 1912, and
previously read at this meeting, and
Whereas, in the judgment and dis
cretion of the stockholders of this
corporation, owning and holding on
the books of said corporation 198,027
454356-983383 shares of the capital
stock thereof, and all of which has
been duly subscribed for and issued,
and amounting in the aggregate to
more than tNo-thirds of fall the sub
scribed and issued capital stock of
said corporation, to wit, more than
| two-thirds of the two hundred and
fifty thousand (250,O0O) shares, con-
| stituting the total capital stock of
| said corporation, it is deemed and
considered to be for the best and high
| est interest of said corporation that
the amount of money required for the
present and future indebtedness, bust
ness and operations of this corpora
| tion, as aforesaid, should be raised by
the increase of its capital stock from
twenty-five million dollars ($25 ,000,-
000), divided into two hundred and
fifty thousand (25O,000) shares of the
par value of one hundred dollars
| ($100) each, to fifty million dollars
| ($50,000,000), divided into five hun
dred thousand (5O0,O0O) shares of the
par value of one hundred dollars
! ($1001 each, and that said increase
of shares, or so much thereof as the
Board of Directors may direct at diff
|