The Western news. [volume] (Libby, Mont.) 1933-current, 1939-04-27

any or all additional issues. of stock
of the corporation or bonds, de-
bentures or other obligations con.
vertible into stock.
2. To take action on the adoption
or disapproval of the following
amendments of the Bylaws of the
corporation, pursuant to resolutions
of the board of directors duly
adopted at a meeting held on the
goth day of March, 1899, and de.
clared advisable by resolutions Of
such board.
(a) To amend Section | of Article
III of the By laws of the company
to read as follows:
/. The business and property oil
the company shall be managed by {
board of eleven CID Directors who
shall be stockholders and who shall
be elected annually by ballot by the
stockholders for the term of one IL
year and shall serve until the cleo.
ton and acceptance of their duly
qualified successors. Any vacancies
may be filled by the Board of Di.
fectors for the unexpired term.
(b) To amend Section 3 of Article
III of the Bylaws of the company te
read as follows:
CD Special meetings of the Board
of Directors may be held in the
principal office of the company in
Libby, Montana, or may be called
and held at the office of the com
pany in Chicago. illinois, or Detroit
Michigan, at such place as may be
designated by the Board of Direc-
tors; and such special meetings may
be called at any time by the Presi-
dent or by any three members oil
the Board or may be held at any
time and place without notice by
unanimous written consent of al
the members of the Board or by the
presence of all members of the
Board at such meeting In case the
meetings of the Board of Directors
shall be held at the office of the
company in Chicago. Illinois, or else
where outside of the state of Mon
tana, either the original or full and
complete copy or duplicate of al
proceedings had at any such meet
ing or meetings, certified by the
President and Secretary under seal
shall be sent and kept at the prin-
cipal office or place of business OF
the company in Montana, and shall
be part of the records in Montana
g. To take action on the. approval
or disapproval of an agreement duly
ratified and approved by resolution
of the Board of Directors duly
adopted by such board on the goth
day of March. 1889, which agree
ment is described as follows:
An agreement in writing. dated
the goth day of March, 1899, ex-
ecuted by the proper officers of the
respective corporations in behalf OF
such corporations, and ratified anc
approved by the Board of Directors
of this company, subject to ap-
prevail and adoption by the stock.
holders of this company, for the sale
by Universal Insulation Company
an Illinois corporation, as vendor, te
The Zonolite Company, a Montana
corporation, as vendee, of all cor.
porate property, rights and credits
of the vendor corporation, including
its real estate, mining claims-pat.
eHtsu dllu iUt pdteilltd-D0lil TOUT
and placer, in and near Libby, Mon.
tana, described generally as follows
Lots 2, 5, 6, 7 in section 81, block
or township 81, range 80, acres 10t
] (along Great Northern frontage
miles east of Libby and purchased
as terminal of an aerial tram hne)
land in let and " w as E. Z
Less Right of Way in section 3
block or townships 80, range 81
acres BE lin Libby proper; and ;
placer mining claim-patented :
Vermiculite No. 4 in Rainy creek
unorganized, Mining District Lin
coin County, Montana; placer min
ing claims-not patented being
Vermiculite Nos. 2, 3, and 6, re
corded in the office of the County
Clerk and Recorder for Lincolr
County, Montana, in Book II 0
Placer Locations, at pages 88, 80
81 and 90, respectively; % lode min
ing claims-not patented-recordet
in the office of the County Clerl
and Recorder for Lincoln County
Montana, in Quartz Locations Bool
\ 10 at pages 213, 200, 249, ISL 253
215, 1913, 203, 205, 2l7, 247, 900, 23l