Mohave County miner and our mineral wealth., 1919-08-16
LEGAL NOTICES

company; and the Articles or JncorpOr- ed by proper resolutions, unaaimousiy voted for passed and adopted by all of the stockholders and stock of said com- ation, as in said resolution provided and which said resolution is n words and
 .ResolSed: That, Article Sixth and Article Tenth, of the Articles of Jncor- | poration of Western Livestock Loan Company, be and the same are l.ereoy | amended to read as follows, with re- | spect to said articles enumerated.
 Article Sixth
 The place of the general business of this corporation and its principal of fices, shall be at Salt Lake City, Salt corporation may conduct, it's business and have one or more offices, as shall the purposes of the company.
 Article Eighth.
 shall be Three Hundred Thousand ($30O, ,OO0.00) Dollars, fully paid and sand two ydsa and ntf fy two @ shares of preferred stock of the par value of One Hundred ($100.0Ol Dollars each, and seven hundred and fifty (750) of one Hundred ($1OO.OO) Dollars each. The preferred stock shal be eight per cent (S%l cumulative stock: and divi- dends shal be paid thereon when earned. at the rate of eight per cent (8%) per annum, and when the preferred stock has not been satisfied at the above rate. the earnings of the entire capital stock the dividends on all preferred stock at the rate of eight per cent (S%) per an. mum, from the time of the issue of 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 paid on this preferred stock for each year after the issue thereof.
 After providing for the payment of dividends on the preferred stock, the Board of Directors may pay dividends on the common stock. when earned; eight per cent (S%); if there are any further net profits remaining after the preferred dividends have been paid and after eight per cent (S% has been paid do not wish to use the net profits for any other purpose provided for in the articles, then the remaining profits shall 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 ing to law, in such amounts and propor- tions as majority of all the outstand- ing common stock shall determine:
 In the event of the liquidation of the I have been paid, the preferred stock and the common stock, shall share equally, share and share alike, in the remaining assets of the corporation.
 Common stock shall have full voting power. Preferred stock shall have no voting power, except on the question of selling out, merging with one or more winding up the business of the corpor- ation, on which issues the preferred stock shall have the same voting power as the common stock:
 The number and kind of officers of to-wit:
 consisting of not less than seven, per. sons, nor more than twenty-five. one of whom shall be President. one of whom shall be Vice-President and one of whom shall be second Vice-President. The Secretary and Treasurer may or may not be directors and the qualifications of all officers are that they shall be stock holders in the corporation. Each off election of officers and directors, or until their successors are elected and
 The officers and directors of this cor vote of the outstanding common stock at the annual stockholders meeting, to be held on the twentieth day of Janu- o'clock P. M. at the principal office of the company. Any director or officer of this corporation may be removed by a majority vote of the outstanding com mon stock. Any officer or director of this corporation may resign his office at any time by giving the board of di- rectors thirty (30) days notice ih writ but it may be accepted on shorter no. tice.
 : The officers and directors of the cor poration shall serve until the next gen eral election and until their successors are elected and qualified.
 The board of directors shal be divid.
 ed into three classes; the first class
 6eldg as nearly 1by may be tors and being a third thereof, shall be elected for a period of one year; the
 second class and being as nearly az
 may n1a, be GOT computed, p1 third thereof to & be
 class being as nearly as may be com puted, third thereof shall be elected , for three years. At each annual "elec-
 rectors whose term shall expire in that year, shall be elected to hold office for 7 a term of three years, so that the term expire each year. Each director shall be stockholder. In the case of va. , cancy in any class of directors, the re- maining directors. by an affirmative cessor to hold office for the unexpired . portion of the term.
 Article Tenth.
 . At least one-fourth of the entire Board of Directors elected and qualified shall constitute quorum and shall be authorized to transact the business and exercise the corporate powers of the cor. ; poration.
 To be eligible to hold office of direc-
 tor, the person holding the same must
 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 1t deems
 best, enlarge the board by the election
 of other directors whom the board may
 elect, up to the number of twenty-five. :,
 All officers elected by the board shall
 serve until the next annual stockholders meeting and until their successors are elected and qualified.
 At any annual or special stockholders 1; meeting, any director or other officer of the corporation, may be removed by a majority vote of the outstanding com. mon stock, whether his term of office ? shall have expired or not"
 And we certify accordingly that the , Articles of Incorporation of said com pany were duly amended at said time as provided for and stated in the above |opl foraUoinp resolution