The Coconino sun., 1919-12-19

purcnased by the corporation or
 called for redemption shall not be
 reissued or resold and shall be
 cancelled"
 3rd. That Article K be and herel is amended as follows:
 (a) By inserting the word "cor mon" before the word "stock" in ca and every place, except the fir. where the said word appears in u said Article, and by inserting the wo common" before the words "capit stock in the last sentence of sa 
 4th. That Article X be and hereI is amended to read as follows:
 "The subscriptions for and own
 ership of all common stock in this
 corporation are made and taken
 upon the condition that the pur-
 chaser or holder thereof desiring
 to sell the same shall first deliver
 the same to the Board of Direc-
 tors of this corporation for sale,
 which Board of Directors shall
 cause the same to be appraised by
 three appraisers, one to be select
 ed by the vendor at the time of
 delivering the same to the Board
 of Directors, and one to be select
 ed by the Board of Directors at
 the next meeting of the board,
 and the third to be selected by the
 two selected appraisers, each ap-
 pralser, however, to be stock
 holder owning common stock in
 this corporation, but not a stock
 holder of the class of common
 stock offered for sale, and the di-
 rectors shall forthwith offer the
 same for sale at said appraised
 value to the stockholders holding
 the class of common stock offered
 for sale, who shall have sixty (60)
 days time in which to exercise
 their right to purchase the same
 at said price; and, if two or more
 offer to exercise their rights to
 purchase the same at said ap- praised value, then the Board of Directors shall, unless otherwise agreed upon by the said bidders, sell the same to them share and share alike. In case of their neg lect or refusal to purchase the same at said appraised value, then and in that case, the Board of Directors shall offer the same to the other holders of common stock of the corporation, except the appraisers, who shall have sixty (60) days additional time in which to exercise their right of option to purchase the same at said appraised value, and in case two or more of such stockholders shall offer to purchase the same at said appraised value within said sixty (60) days, then, and in that case, the Board of Directors shall sell the same to them share and share alike. After the ex- piration of said time the stock holder offering such common stock for sale shall be free to make any other sale or disposal of his com mon stock. When said appraise- ment shall be completed and the price established thereon, the Board of Directors shall notify said vendor of the appraisement value placed thereon by said ap- praisers and shall not sell or de- liver said common stock until mo- tice shall have been given to said vendor, who may at any time prior to sale, by delivering writ ten or telegraphic notice that the appraised value is not satisfac- tory to him, withdraw said com mon stock from sale; whereupon the said Board of Directors shall return said common stock to said party. These provisions shall be binding upon the successors, heirs, administrators, executors, and as- signs of he holders of common stock of this corporation"
 9th. That Article XIV be and here. , is amended to read as follows:
 "The annual meeting of the stockholders shall be held on the fifteenth (15th) day of January, 1914, and annually thereafter, at one o'clock p. m., at the offices of the company in Salt Lake City, Utah, unless changed at any reg ular stockholders meeting; and notice of said meeting shall be given by the secretary, who shall mail a notice of the said meeting to each of the stockholders entitled to vote at such meeting at his last address as shown on the books of the corporation, at least ten (10) days prior to said meeting. Fail ure to notify shall not invalidate the acts of the meeting. A repre- sentation of a majority of the capital stock entitled to vote, shall be necessary to hold a stock holders meeting, either general or special, or, where in accord ance with the provisions of these Articles of Incorporation the hold CTS of a classsof stock vote as class, then, representation of a majority of the stock of such class shall be necessary to hold stockholders meeting as to such class; and each stockhoher shall be entitled to as many votes as he may hold shares of the capital stock entitled to vote, as shown on the books of the corporation, and any stockholder may be rep resented at any meeting by proxy duly appointed in writing"
 9th. That Article XIV be and hereby amended to read as follows:
 "Auv director may ha renoved