Mohave County miner and our mineral wealth., 1919-08-23
ARTICLES OF INCORPORATION

WESTERLY 1IvssTo0x IoAx oosG- STATE OF UTAH,
 County of Weber-ss. s We, the undersigned, under and in pursuance of the laws of the State of Utah, do hereby associate ourselves as the following articles of incorporation.
 First. NfIElF M
 The name of this corporation shall be Western Livestock Loan Company.
 This corporation is Incorporated un- the State of Utah, at ogden City, Weber county State of rbtrs. Ttas. a
 This agreement is made and entered into and between the undersigned, whose names and places of residence are as
 z. 4. GIazier. Provo. Utah.
 z. E. Wharton. Ogden. Utah.
 T. E: Wood. Dubois. Idaho -t.
 J. N. Dredge, Malad, Idaho 1-
 A. E. Lewis. Ogden, Utah. ,
 The time of the duration of this cor poration herein provided for. shah be fifty (5O years. unless sooner dissolved in the manner prescribed by law.
 Fifth.
 The business, which 1t ss agreed may pc performed by the corporation, unsecured, by mortgages on person. to issue bonds and debentures. buy sI sd an ana m seal in bonds, notes; loans, secur- sonal property or real estate; to borrow money without limit as to amount. and to secure the same by mortgages, or notes, securities. and obligations of oth- CT corporations, firms and individuals; to hold and sell shares of capital Stock or bonds and debentures, or other civil | dances kAI A other corporation, and while the holders to exercise the rights of ownership. in- | cludtng the right to vote the stock; to | osLn Ouy and n sell its own capital stock: to and sell livestock; to own and conduct | establishments; to own any | al ana al! personal or real property which me corporation may acquire in the con- duct of its business. I |
 Sixth
 The place of the general bust 1ess of | ;nis corporation and its principal of- ", State of Utah, and the corporation nay conduct its business and have one ,r more offices, as shall be found nec- 'ssary or convenient for the purposes !, The amount of stock wllic,, each of ne incorporators has subscribed Is as
 c. A. Glazier, 20 shares
 T. D. Wood. 20 shares l. J. H. Dredge, 50 shares "HW
 A. B. Lewis, 20 shares t# |
 Eighth. l.. The capital stock of the corn )-a tit.l, hall be One Hundred Thousand tSiCc.- essable, divided into seven even hun,lrsd hun and he paF value of One Hundred tsIoo.oSI ,ollars each, and two hundred anG fifty alue of One Hundred (s1O0.00) Dollars ( ach. The preferred stock snail he g ight per cent (S0e) cumulative stock, C nd dividends shall be paid thereon wien , S%) per annum, and when the preferr- Ir stock has not been satisfied at the | a bove rate, the earnings of the entire ' apltal stock shall be set aside for the f ayment of the dividends on all pre- erred stock at the rate of eight per 4 ent (S9o) per annum, from the time of 4 le issue of said stock: The common ends % shall only be paid on the common a :ock when earned, after all accumulated r S lvidends are. paid on the preferred :ock for each year after the issue After providing for. the payment of f vidends on the preferred stock the [ oard or Directors may pay dividends c the common stock. when earned: a ght per cent ls%Sif there are any tl rther net profits remaining after the eferred dividends have been paid and ( ter eight per cent (8%) has been paid sl the common stock and the Directors G not want to use the net profits for n " other purpose provided for ir the ss 'ticles, then the remaining profits sl all be apportioned as follows: One vs If shall be applied on the preferred ca ock and one-half shall be applied on sf e common stock, issued and out of anding. M M The capital stock may be increased or ce creased from time to time. accor6inu | de law, in such amounts and prOrnr- at ms as a majority of all the outstand al 3 common stock shall determine hs operation, after all earned dividends sh we been paid, the preferred stock and | th } common stock, shall share auuaIIY fh