Bisbee daily review., 1902-07-31
Thousand Dollars (,1oO, 100000 shal


 be preferred stock. and four hundred thousand (400,000) shares amounting to Four Hundred Thousand Dollar |, ,N4sO.o0e00) shall be common stocf
 The net yearly earnings. or the net
 profits of this corporation shall be applid as follows:
 | 1. To the payment of a dividend upon the preferred stock of this cor poration at the rate of seven per cent T per cenD per annum;
 ?. To the payment of a dividend upon the common stock of this corpor- ation at tke rate of seven per cent q per cent per annum;
 | 3. The balance or residue of said net yearly earnings or profits, If any, shall be applied to the payment of a dividend upon the total capital stock of this corporation, whether the same be preferred or common stock.
 Dividends shall be payable annually, lsemi-annually or quarterly as may be determined by the board of directors. Neither the preferred stock nor the common stock of this corporation shall be cumulative stock; that is. should the net earnings or profits, in any one year. be suflcient to pay a dividend of seven per cent c per Icent) upon the preferred stock, said lpreferred stock shall not be entitled to any additional dividends from the future earnings of this corporation to
 make up such deficiency; or, If the
 net yearly earnings or profits for any
 one year, after the payment of said
 dividend of seven per cent upon the
 preferred stock, be insufficient to pay
 a dividend of seven per cent C per
 cent) upon the common stock, said
 common stock shall not be entitled to any additional dividends from the fu- } ture earnings of this corporation to make up such deficiency: in other words. the net yearly earnings or prof it's of any one year, shall be deemed,
 treated and considered separate and , distinct from the net yearly earnings or profits of any and all other years. Article ". All the stock of this corporation shall be non-assessable
 and all oi any part of the shares thereof may be issued, fully paid. in done. rendered and performed, for ma r terials or supplies furnished. or for property or property rights purchased. leased. rented or otherwise acquired by this corporation, and when so is ? sued said stock shall be fully paid stock and not liable to any calls or assessments.
 . Article V The date Of the com
 mencement of this corporation shall , be the date that these articles of in- 7 corporation are filed in the office of the secretary of the territory of Ari-
 zona. and the corporation shall exist , for the term of twenty-five l25) years . | offar eotd A~Sn
 Article VI, The affairs and man , agement of this corporation shall be , under he control of five (5) directors, , , and A M. Franklin, c. E. Bell, W. E. Francis, Hartwell Novel; and R. B. Parsons are hereby selected to act as such directors, and to manage the business and affairs of said corpora ton for the first year, or until their } successors are duly elected and oual- flied. The board of directors shall } have power to fill all vacancies that , may. from time to time occur there , in
 The corporate powers of this corpor- : ation shall be exercised and the man. agement of its affairs conducted by , the board of directors, and such of ; ficers. agents and committees as the
 said board of directors may elect or appoint in pursuance of the bylaws , of this corporation.
 Article VII The officers of this , corporation shall be CD president. @ , vice president, (3) secretary and (D i treasurer, which said officers shall be T elected by the board of directors, and
 who may or may not be members of : said board.
 Article VIII. The annual meeting . of stockholders shall be held on the f second Tuesday of July of each year,
 and at all meetings of stockholders
 stock may be represented and voted
 by proxy.
 Article K The highest amount of
 indebtedness or liability, direct or contingent, to which this corporation ,, shall at any time be subject, is the
 sum or amount of one hundred thou
 sand dollars ($100, ,000.00).
 Article X The private property of
 each and every stockholder of this
 corporation shall be exempt from any all debts of the corporation.
 l. Article XI. These articles of in- corporation may be amended at any regular meeting of the stockholders of this corporation, or at any special
 meeting called for that purpose, by
 the vote of stockholders holding two
 thirds (2-3) of the capital stock is sued by this corporation in favor of such amendment, or at any other time by the assent in writing of all stock
 holders of this corporation.
 Article XII. Bylaws may be adopt led by this corporation at any regular meeting of the stockholders of this corporation, or at any special meet ling called for that purpose, by the
 vote of stockholders holding two thirds (2-3) of the capital stock issued by this corporation in favor thereof, Ior af any other time by the assent in