OCR Text |
Show WETTLAUFER AMENDS BYLAWS RECENTLY At a special meeting of the stockholders stockhold-ers of the Wettlaufer Iysrrain Silver Mines Ltd., yesterday, the proposition to accept bylaw No. 20, which was passed by the directors of the company on June 23 last, was adopted HThe bvlaw provides pro-vides that the company be authorized to declaro and pay dividends out of the funds of the company derived from Its i operation notwithstanding that the value of net assets of the company may be thereby reduced to less than the par value of Its Issued capital stock, and that the directors be empowered from time to time to declare any pay such dividends. The adoption of the bylaw was to enable en-able tho company to conform with the Canadian laws. The company has approximately ap-proximately 5200.000 cash and quick assets as-sets which been held for cxploni- I tlon and development purpo.sef- which now heroines available for dividend on ' the slock. So far. the mattftr of disbursing disburs-ing this amount or any part therobv- has not bpcn dlHcuxcd bv the directors of the compuny Financial America. |