Mohave County miner and our mineral wealth., 1919-08-09
LEGAL NOTICES

company; and the Articles of Jncorpor- ed by proper resolutions, unaniinously voted for, passed and adoptel by all of the stockholders and stock of said com ation, as in said resolution provided and which said resolution is n wor,ls and | figures, to-wit
 .Resolyed; That Article Sixth and Article Tenth, of the Articles of Jncor- poration of Western Livestock Loan Company. be and the same are hereoy spect to said articles enumerated.
 Article Sixth. | The place of the general business of | this corporation and its principal of Lake County State of Utah and the the corporation may conduct. its business and have have one ns., or more offices, as shall the purposes of the company.
 Article Eighth.
 The capital stock of the corporation, shall , be Three Hundred Thousand sand two hundred and fifty (2250) | shares of preferred stock Of the par value of One Hundred ($1O0.0ol Dollars shares of common stock of the par value of One Hundred ($100.00) Dollars each. The preferred stock shal be eight per gent cent (S%} cumulative In,I aS stock and divi- at the rate of eight per cent (s%) per annum, and when the preferred stock has not been satisfied at the above rate. shall be set aside for the payment Of the dividends on all preferred stock at the rate of eight per cent (8%) per an- said stock The common stock shall be non-cumulative and dividends shall only be paid on the common stock when earn ed, after all accumulated dividends are l m htc st. 41 oonl year after the issue thereof. t
 After providing for the payment of
 dividends on the preferred stock, the
 on the common stock when earned;
 these dividends shall be at the rate of
 eight per cent lSSo); if there are any
 further net profits remaining after the
 after eight per cent 6 % has been paid
 on the comonm stock and the directors
 do not wish to use the net profits for
 articles. then the remaining profits shall
 be apportioned as follows: One-haif
 shall be applied on the preferred stock and one-half shall be applied on the common stock. issued and outstanding. The capital stock may be increased or decreased from time to time accord ing to law, in such amounts and propor- tions as a majority of all the outstand-
 ing common stock shall determine.
 In the event of the liquidation of the , corporation, after all earned dividends the common stock, shall share equally. share and share alike. in the remaining ,, assets of the corporation taal1- Common stock shall have full voting I voting power. except on the question of selling out, merging with one or more
 other corporations, or liquidating and
 WtImains up ths business 4f the s9rpor stock shall have the same voting power
 as the common stock.
 e Article Ninth.
 this corporation shall be as follows , to-wit: NIrF . W .' l7 Y
 There shall be Board of Directors
 consisting of not less than seven per
 sons nor more than twenty-five, one of
 whom shall be President. one of whom # snail De Vtce-President and one of whom e shall be second Vice-President. The i. be directors and the qualifications of all < officers are that they shall be stock t holders in the corporation. Each ofri-
 sscton of ofcers aad aae o until their successors are elected and :; The officers and directors of this cor. F. poration shall be elected by majority F. vote of the outstanding common stock s at the annual stockholders meeting, to y be held on the twentieth day of janu- r o'clock F.. M. at the principal office o1
 the company. Any director or officer of this corporation may be removed by f a majority vote of the outstanding com d mon stock. Any officer or director oi
 this corporation may resign his office $ at any time by giving the board of di-
 rectors thirty (30) days notice in writ
 ing, before the same is to take effect :- but it may be accepted on shorter no- :. The officers and directors of the cor.
 eral election and until their successors ). are eleQked and qualified. 4La3 ). ed into three classes; the first class ]. being as nearly as may be computed, ac- ,. cordtng to the total number of direc-
 tors and being third thereof, shall be
 elected for period of one year; the [. may be computed, third thereof, to be - elected for two years. and the third e class being as nearly as may be com ;. for three years. At each annual cleo ' tion, the successors to the class of di- f rectors whose term shall expire in that - year, shall be elected to hold office for e a term of three years, so that the term k of office of one class of directors, shall e expire each year. Each director shall r be stockholder. In the case of a va
 maining g & ss by an affrmstiye s i've - vote of the majority may elect a suc- t cessor to hold office for the unexpired y lg tr NJ Article Tenth. , 5' e At least one-fourth of the entire : Board of Directors elected and qualified, n shall constitute quorum and shall be k authorized to transact the business and
 exercise the corporate powers of the cor
 poration. g.E s
 To be eligible to hold office of direc-
 tor, the person holding the same must e own at least one share of common stock,
 as shown by the books of the company. !, The board of directors may fill any
 vacancy caused by death, resignation or
 removal of an officer or director.
 The board of directors may, from time
 to time, as in its judgment it deems
 best, enlarge the board by the election
 of other directors whom the board may
 elect, up to the number of twenty-five. q All officers elected by the board shall . serve until the next annual stockholders 3 meeting and until their successors are d elected and qualified. u f e At any annual or special stockholders . meeting, any director or other officer r of the corporation, may be removed by : majority vote of the outstanding com :, mon. stock, whether his term of office 8 shall have expired or not" E (t : And we certify accordingly that the
 Articles of Incorporation of said com 2 rany Xere dIly amended at said time.