Show PRINCE CON STOCK PLAN APPROVED BY HOLDERS Work of Sinking to N New and Rich Ore Bodies Soon to Be Resumed i I IBy By unanimous vote of shares 1 stockholders of the Prince Consolidated Mining and Smelting company yesterday adopted the plan of reducing the par value of the stock from 2 to 1 and of increasing the capitalization from shares to shares Confidence was expressed after the meeting by General Manager Murray Godbe Godbe Godbe God- God be that during the early part of the comIng coming corning com corn Ing ing year all the capital necessary would be available for the work of continuing the sinking of the shaft to the new and andrich andrich andrich rich ore beds located by diamond drills a number of months ago While the stockholders will be given ginn a ashare ashare ashare share of new stock for each share now owned many expressed the desire to have havethe havethe havethe the first opportunity to subscribe for the shares that will remain in the treasury and the sale pale of which will supply the necessary capital for development op op- op- op It was announced by Manager Godbe that such a plan would he be followed in connection with the sale of ot the treasury trea- trea sury sUi-beS sUi The stock vote of the stockholders amended article IV of the articles of Incorporation to read as follows That the amount of the capital stock of said corporation shall be which shall be divided into shares of the face or par value of ot per share Five hundred thousand shares sharese of t the capital I stock of this s corporation C l rp are e hereby li set apart as and f for treasury s tock stock to be disposed disposed of of under th the order of the board of directors at such time or times and in such amount or amounts i and at price or prices as may be deemed proper by said board for the purpose of procuring working capital the payment of It Its debts the carrying on of the business of this corporation or for the purchase I and acquisition of other mining property I or mining claims The entire capital stock of this corporation is hereby declared de declared de- de dared to be fully paid and shall be of one class and shall be known as common stock Said capital stock of said corporation corporation cor cor- Is Island and shall continue to be non non- assessable It was stated by President Anthony Godbe that owing to the necessity of complying with the laws of Nevada It will willbe b be bd possibly three weeks week before subscriptions subscriptions to the treasury stock can be bo ac accepted accepted accepted ac- ac otherwise all the arrangements for financing could be completed at once I |