The news-herald., 1902-12-06

and to acquire mining lands, prospects,
claims, leases, mines, mining rights,
timber rights, water rights, buildings
and real estate, Including town sites,
and to lsase, sell or inctlmber any Of
the same as may be found necessary;
to operate mills and mines, to borrow
and lend money, to search for minerals
and ores, to explore, work and develop
and mine in leased or other mining
property of any and all descriptions;
to mine, quarry, smelt and refine metals
and minerals Of all kinds, to purchase,
manufacture and sell all metals, miner
ais, and every kind Of mining proper
ties, SUPPLIES, provisions, and anything
which shall be for the interest or
benefit Of said corporation.
This company may also survey, con-
struct, repair, own and manage road
ways tramways, private railways ana
waterways, reservoirs, bridges, ma
chineTy OF all kinds, /storenouses, works
and such other properties and improve
ments as shall be deemed advantageous
to it's interests.
This corporation shall have full
power and authority to purchase, ac-
quire,. sell and deal in generally, both
for itself and as trustee and agent, and
as fully as an individual might o.
could, any and all of the stocks, bonds,
evidences of Indebtedness, capital stock
and property Of other corporations,
wherever situated.
This corporation shall also have Che
power to make and issue it's notes and
bonds, or other evidences OF indebted
ness, and to secure the same by mort
cages or deeds of trust upon it's prop
erty, both real and personal, or upon
it's franchises.
Article III.
The authorized capital stock of this
corporation shall be three and one-half
million C$3,5OO,O ,OOO.O0) dollars, divided
into shares Of one ($1O0) dollar each.
All Of said capital stock shall be non
assessable and fully paid up at the
time 1t is issued, and any or all there
of may be paid for in property or
services.
OF said capital stock three million
! ($3,000,000.00) dollars shall be what is
denominated common stock and one
half million ($5OO,OOO.OO) dollars there
of shall be what is denominated pre-,
ferred stock. 1t shall bear interest at
the rate of ten (10) per cent per an
mum, payable semi-annualIy on the 3Oth
days of June and December in each
year. 1t shall be retired at the G>,tion
of the corporation at the rate Of one
and 5-10O ($1.05) dollars per share, to-
gether with accrued interest, on the
Both day of December, 1907, or upon
any interest paying date thereafter
Said preferred stock shall not partici-
pate in the profits or dividends of the
corporation beyond said guaranteed ten
per cent. Holders of preferred stock
may at their option exchange the same
for common stock, share for share, on
any interest payment date prior to the
30th day of December, 1907
Article ".
All stocks issued, when issued, shall
be subject to a lien thereon for any
indebtedness due the corporation from
any holder thereof, and no transfer IF
said stock shall deprive the corporation
of it's lien thereon for such indebted
ness. All transfers III stock shall be
entered upon the books of the corpora
tion and shall not be operative until so
entered, except as between the parties
thereto
Article V.
This corporation shall commence
business as soon as these articles are
filed and recorded as required by law,
and shall continue for the period of
twenty-five (25) years thereafter, with
privilege of renewal according to law,
unless sooner dissolved.
Article Vi.
The affairs of this corporation shall
be conducted by a board of seven di-
rectors. They shall be elected by the
stockholders from among their num-
Der, and shall be elected at each an
nual stockholders meeting. Said an
nual meeting shall be held at Sioux
City, Iowa, on the second Tuesday in
January in each year. The first annual
stockholders meeting shall be held on
the, second Tuesday in January, 1903,
and at any meeting prior thereto the
stockholders shall elect board of di-
recors to serve as such until tie first
annual meeting.