Goldfield Belmont Extension Minutes page 4

(7) To do and perform generally, all such other and further things not inconsistent with the laws of the State ofNevada, or of any other State, Territory or Country where business may be done by this Company; as may be deemed convenient or necessary for the carrying out of the objects and purposes for which this Company is created.THIRD: The location of the principal office of this corporation in the State of Nevada is in the Registration Building on Columbia Street, in the Town of Goldfield, County of Esmeralda, State of Nevada.FOURTH: The period of existence of this corporation is unlimited.FIFTH: That the amount of the capital stock of this corporation is One Hundred and Fifty Thousand Dollars ($150,000.00), divided into One Million Five Hundred Thousand shared of the par value of Ten Cents ($0.10) each.SIXTH: That the amount of subscribed capital stock with which this Company will begin business is not less than One Hundred and Fifty Thousand Dollars ($150,000.00). The amount actually subscribed is Fifty-five Thousand Dollars ($55,000.00) and the amount actually paid up is One Hundred and Fifty Dollars ($150.00)SEVENTH: The names and postoffive addresses and residences of the original subscribers to the Capital stock of this corporation and the amount subscribed by each, are as follows:NAME P.O. Address & Residence -No Shares - Amount.Frank M. Chambers, Goldfield, Nevada 500,000 $50,000.00 E. A. Byler, Goldfield, Nevada 500,000 $50,000.00 R. F. Brown, Tonopah, Nevada, 500,000 $50,000.00EIGHTH: That the Capital stock, after the amount of the subscription price or par value has been paid in, shall be subject to assessment to carry out the objects and purposes for which this corporation has been formed, and assessments thereon may be levied in such manner and payable at such times and in such amounts per share as the Board of Directors may determine for the best interests of the Company.