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a a d p o w e r • FOURTH: That th e amount o f th e c a p i t a l s to c k o f s a id c o r ­p o r a tio n s h a ll be F i f t y Thousand ( 1 5 0 , 0 0 0 . CO) D o lla r s , d iv id e d in t o F iv e Hundred ( 5 0 0 ) S h a r e © o f th e p a r v a lu e o f One Hundred ( 1 1 0 0 , 0 0 ) D o lla r s each , and th a t T w elve Hundred ($ 1 2 0 0 .0 0 ) D o lla r s o f s a id c a p i t a l s to c k has been s u b s c r ib e d , and te n p er c e n t, o f th e same, b e in g One Hundred and Twenty (# 1 2 0 .0 0 ) D o lla r s , has been p a id up in la w fu l money o f th e U n ite d S t a t e s . FIFTH: That th e names and p o s t o f f i c e a d d resses and r e s id e n c e s o f each o f the o r i g i n a l s u b s c r ib e r s to th e c a p i t a l s t o c k , and the amount s u b s c rib e d by each a re as f o llo w s : m u r e P.Oo ADDRESSES & RESIDENCES das! PHAHIS AMOUNT 2JL55S,w w. Ho Bancroft, Salt Lake City, Utah, 2 #200.00 C. Do Vhlttenorb, Salt Lake City, Utah, 2 200.00 J . RosiS Clark, Los Angeles, California, i 200.00 w. I. Comstock, Los Angeles, California, m 200.00 T. So Gibbon, Los Angeles, California, 2 200.00 H. I. Bisttis, Loa Angeles, California, 2 200.00 SIXTH: That th* period of the existence of said corporation s h a ll be u n lim ite d . ‘3EVFITH. That th e a f f a i r e and b u sin ess o f s a id c o r p o r a t io n S t o l l to managed by a g o v e r n in g board, o o n a le t ln g o f a i r ( 6 ) members .h o s h a ll be s t y le d ?D i r e c t o r s " ; th a t a m a jo r it y o f s a id Board o f D ir e c t o r s s h a ll be n eces sa ry to c o n s t it u t e a quorum f o r th e tr a n s ­a c t io n o f b u sin ess o f s a id B oard , and B y -L a e s , c o n ta in in g r u le s f o r th e m a n a g e m e n t o l th e a f f a i r e and b u sin ess o f the c o r p o r a t io n , may be a d o p te e , c t o n g e o and amended by th e v o t e , o r w r it t e n c o n s e n t , o f th e h o ld e r s o f a m a jo r it y o f th e s to c k o f th e c o r p o r a t io n .