The Tucson citizen., 1902-03-15

may be deemed necessary or conyen-
tent by the Board Of Directors of said
corporation; also to obtain and deal
in copyrights; also as factor or agent
to engage in carrying on said business
or any portion thereof; to buy, lease
and otherwise acquire. tO hold and
own. manage. operate, improve. mort
gage sell and otherwise dispose Of
and develop lands, concessions. fran
chises, rights of way, mining claims.
mineral rights. oil wells and other
real estate, and interests in any of
said properties; to establish and carry
on agencies. Offices. stores, storage
tanks. structures. appliances and
houses: and TO buy and sell a.. articles
and products manufactured by itself
or other persons or corporations in
the United States or foreign countries:
/ to purchase and otherwise acquire and
hold. pledge, hypothecate. sell and
/ otherwise dispose OF shares Of the
capital stock of other corporations.
and also bonds. debentures. bills.
promissory notes. mor,gaLcs ard
pledges OF other corporations, part
nerships and persons
ARTICLE III.
/ The amount OF capital stock to be
issued by this corporation is one hun
dred thousand shares, Of the par val
ne Of one dollar per share, and when
issued the same shall be forever nom
assessable. and said stock or any por-
ton thereof may be issued
for money, property or serv-
fees. OF said capital stock,
fifty thousand shares, amounting at
par to $50000. are to be preferred
stock, and fifty thousand shares
Amounting at par to $50, 600. ara 10 lie
common stock The following rights,
privileges and conditions shall at
tach to the foresaid shares, to-wit:
Both preferred and common stock
shall have equal voting powers: the
sal preferred shares shall be frtitti
to bc paid from the net profits 81 TIE
said corporation annual dividends at
the rate of seven per cent per annum
on the par value thereof. such divi-
dends to be declared semi annually or
annually as the Board Of Directors
shall see fit and determine, If in any
year the net profits are not sufficient
to pay said dividends, the deficiency
srall be charge on the net profits
and be payable without interest be-
/ fore any dividends shall be paid upon
or set apart for the common stock.
| The said preferred stock shall not
participate in the profits OF said cor
| poration beyond the amount Of the
| dividends herein sspecifled. but the
| balance Of the NET profits of the cor
porat,on may be distributed as divi-
/ dends upon the common stock as and
when the Board of Directors shall in
| their discretion determine. In the
event Of the dissolution Of the corpor-
alton, the surplus assets and funds
thereof shall he applied in the first
place to repaying the holders of the
| preferred stock the full amount of the
/ principal thereof and accrued divi-
dends. il any, before any amount shall
Je paid upon the common stock. and
after such payment the surplus assets
and funds shall belong to and be di-
vided among the holders of the other
shares
Said corporation shall have the
power to purchase the said preferred
capital stock from the ,nen owner or
holder thereof at any time after the
expiration of five years from the is
suance thereof. at such times and in
such manners as the said corporation
may elect by the payment to the then
4 owner or holder thereof of the par
value OF said stock and the accrued
dividends, If any. then unpaid, pro-
vided. however that notice of such in
tention to purchase shah be given to
\
capital stock, sixty days In advance
Of the time of such purchase, by a
written notice. addressed to him and
mailed to his last known postofflce ad-
dress.
| All subscribers for or owners or
holders of either preferred or COM