Arizona republican., 1902-03-20
ARTICLES OF ACCOMMODATIONS
 OF THE PIUTE GOLD MINES COM
 PANY.

KNOW ALL MEN BY THESE signed. Porter F. Cope, George D. Hay and Thomas B. Smith, propose to form a corporation under the Revised Stat utes of the Territory of Arizona, and for that purpose do make, sign and acknowledge according to law. and adopt the following Articles of Incor poration:
 ARTICLE I.
 The name of this corporation shall he The Piute Gold Mines Company, and its principal place for transacting busi- ness shall be in the City of Phoenix. in the County of Maricopa, Territory of Arizona. with offices at such other places as the Board of Directors may designate.
 ARTICLE II.
 The general nature of the business proposed to be transacted by the said corporation is a general mining. mill ing. smelling and reduction business: the buying, selling. leasing. bonding and working of mines. ores and bullion the building of roads and tramways. to acquire by purchase or otherwise in the United States or the Territories thereof. or elsewhere, mining proper ties, tunnel and mill sites and water rights, and work, mine. tunnel and otherwise develop the same; erect necessary buildings, mills. smelters, reduction plants, machinery and appli ances. and purchase material for the same and for the proper working there Of; to work for gold. silver. copper, lead and other minerals: to sell, mill smelt. reduce, refine or otherwise pre- pare the same for market; to work. handle and control inventions and let ters patent relating to and incident to the mining, milling and smelting Of ores; to buy, sell, own, use and control real estate, water rights, mill sites. ma chinery. appliances. fixtures, buildings, stocks of other corporations. letters patent and inventions; to borrow money. issue bonds, and to mortgage, pledge or otherwise dispose of any or all or it's corporate property for the security and payment of any of it's in debtedness and to do any and all things, and to acquire all property. real and personal, which may be requisite and necessary to carry into effect the objects for which the said corporation is formed.
 ARTICLE III.
 The amount of capital stock shall be the sum of One Million Dollars ($1, ,000- 0O0) divided into One Million G.00O, ,O0O) shares of the par value of One Dollar S1.0O each, which capital stock shall be paid in upon the call of the Board of Directors of this corporation, and shall be forever non-asSesSable, and each certificate when issued shall state upon the face the number of shares repre- sented thereby, and that the same Is full paid and forever non-aSSessa ble. that one hundred thousand dollars C10O,000) Of the one million dollars ($1,e00,000) authorized capital stock oT this company, viz: one hundred thou sand 100000 shares of the par value of one dollar (s1.00) per share, or so much thereof as may be sold from time to time shall be issued as preferred stock, and upon and subject to the fol- lowing terms and conditions. viz: Said preferred stock shall entitle the holder thereof to receive out of the net earn ings, and the company shall be bounl to pay fixed yearly dividend of per centum, but no more, payable semi-annually before any dividend shall be set apart or paid on the common stock, or applied to- wards the retirement of the preferred stock as hereafter mentioned.
 That seventy-five per centum Of all the ret earnings of the company. re- maining after the payment of the divi- dend of eight per centum above rlen- toned on the preferred stock shall from time to time be applied to the payment of additional dividends on so much of the said preferred stock as may be issued. up to its full par value
 That upon a winding up of the com pany the said preferred stock shall he first lien to the amount of it's princi- pal upon the assets of the company re- maining after the payment of creditors. That without the consent of two-thirdS in amount of the said preferred stoc't outstanding, there shall not be created any other stock ranking equal with CT in priority to it. Provided that when dividends aggregating one hundred per Centum in addition to the cumulative eight per centum dividend above men, toned have been paid on said preferred stock the same shall cease to have any preference or priority as to dividends, lien or otherwise over the other or common stock, and shall thereupor immediately become and be common stock of the company, and the certifi- cates or receipts issued and outstand- ing therefor shaH be surrendered and cancelled. and certificates of common stock in like amounts be issued in lieI thereof.
 ARTICLE ".
 The highest amount of indebtedness or liability, direct or contingent to which this corporation shall at any time subject itself shall be Two Hun dred Thousand dollars (s2O0, ,O0O). ARTICLE V.
 The private property of the stock holders of this corporation shall be ex- empt from liability for its corporate debts.
 ARTICLE VI. The time of the commencement of this corporation shall be the day on which these Articles shall be filed il, the office of the County Recorder of | Maricopa County. Arizona Territory. and the corporation shall continue for the term oi twenty-five years thereaf- ter.