Arizona republican., 1902-11-02
ARTICLES OF INCORPORATION
THE RED MOUNTAIN RAILROAD, MINING AND SIMPLIFYING
 COMPANY

tion under the laws of the territory of
 Arizona, and to that end make the fol-
 lowing statement
 First. The names of the corporators
 are Leon J. Dutton, Ernest E. Conrad,
 Robert C. Holmes. Frank z. Martin
 and Frank B. Burdsall, all Of the city
 of Philadelphia, state of Pennsylvania. and the name of the corporation shall
 be THE RED MOUNTAIN RAIL-
 ROAD. MINING AND SIMPLIFYING COMPANY"
 The principal place in which the bus mess of said corporation within the ter ritory of Arizona Is to be transacted is Phoenix, Maricopa county, Arizona,
 and the principal place of business Of said corporation outside the territory
 of Arizona shall be the city of Phila- delphia, in the state of Pennsylvania, at which place meetings of the stock holders and of the board of directors
 may be held. and the corporation may have such branch offices either within
 or without the territory of Arizona as may be established by the board oi di- rectors. and shall have power to con
 duct it's business in other states and in foreign countries.
 Second. The general nature of the business proposed to be transacted by this corporation is as follows, to-wit:
 To purchase. locate, develop hold. lease and sell mines, mining claims and interests therein. and lands containing
 ore. and any woodlands, or other lands,
 for the purposes of the company.
 To mine or otherwise to extract or re-
 move ores and other minerals and tim
 Der from any lands owned, acquired. leased or occupied by the company or from any other lands. and to purchase, sell, concentrate, smelt and treat ores.
 To purchase hold, construct or lease smelting plants or other works for the treatment of ores.
 To acquire, own and hold such real and personal property as may be neces- sary or convenient for the transaction of it's business.
 To purchase. or otherwise acquire.
 and to hold, sell, assign. transfer. mort
 gage. pledge, or otherwise dispose of shares of the capital stock, bonds or ether evidences Of indebtedness of any other corporation or corporations, asso- citation or associations. of any state, territory CT country, and while owner of such stock, bonds or evidences of in- debtedness. to exercise all the rights. powers and privileges of ownership. in
 cluding the right to vote on any such stock.
 To construct and operate in the terri tory of Arizona railroad or tramway from the principal works of the com pany to any existing railroad or public highway.
 Third. The authorized amount Of capital stock of this corpora ton shall be five million seven hundred and fifty thousand dollars (s5,75O,OOO divided into five million seven hundred and fif- ty thousand shares (5.75O, ,OOO), of which seven hundred and fifty thousand (750.- 000) shares shall be preferred stock.
 and five million (5,OOOOOO) shares shall be common stock.
 From time to time, the preferred stock and common stock may be in- creased according to laws-and may be issued in such amounts as shall be de- termined by the affirmative vote of a
 majority of the stock then outstanding, and as permitted by law.
 The holders of the preferred stock shall be entitled to receive when and l as declared. from the surplus or net profits of the corporation yearly divi- dends al the rate of eight per centum per annum, and no more, payable quar- terly on dates to be fixed by the by laws. The dividends on the preferred stock shall be cumulative, and shall be payable before any dividend on the common stock shall be paid or set apart; so that, if in any year divi- dends amounting to eight per centum shall not have been paid thereon, the deficiency shall be payable before any
 dividends shall be paid or set apart for the common stock
 Whenever all cumulative dividends on the preferred stock for all previous years shall have been declared and shall have become payable, and the accrued quarterly installments for the current year shall have been declared. and the company shall have paid such cumulative dividends for previous years, and such accrued quarterly in- stallments, or shall have set aside from
 it's surplus or net profits a sum suffi- cient for the payment thereof. the board of directors may declare divi iends on the common stock payable
 then or thereafter. out of any remain ing surplus or net profits.
 In the event of any liquidation or dis solution or winding up (whether vol untary or involuntary of the corpora
 tion. the holders of the preferred stock shall be entitled to be paid in full
 both the par amount of their shares,
 and the unpaid dividends thereon, be- iCre any amount shall be paid to the
 holders of the common stock; and after the payment to the holders of the preferred stock of it's par value, and
 the unpaid accrued dividends thereon.
 the remaining assets and funds shall
 be divided and paid to the holders of the common stock according to their
 respective shares.
 | The preferred stock of the company,
 or any part of it, may, upon three months written notice to the holders thereof. be paid off and cancelled, but
 at such time the principal of the shares
 to be cancelled together with all ac- crued dividends thereon. up to the time of such notice, shall be paid to the
 holder or holders thereof.
 l At such time as the board of direc-
 tors may by resolution direct, said cap
 ital stock shall be paid into this cor poration either in cash, or by the sale and transfer to it of real or personal
 nrODertv for the uses and purposes of