Arizona republican., 1902-03-22
ARTICLES OF INCORPORATION
 OF THE PICTE GOLD MINES COM
 PANY

OF
 THE PICTE GOLD MINES COM
 PANY.
 KNOW Alb MEN BY THESE PRESENTS. That We. the under signed. Porter r. Cope. George D. Hay and Thomas B. Smith. propose to form 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 be The Pfute 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 ma% designate.
 ARTICLE II.
 The general nature of the business proposed to be transacted by the said corporation is a general mining. mill ing, smelting 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 s2 me and Ter 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 fer 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. seiI. own. use and cOntrO! 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 aN ot 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.G00 . G00) divided into One Million Q,000, GOO, shares of the par value of One DOlla, (S1.00) each. which capital stock shall be paid in upon the call of the Board ot Directors of this corporation, and shall be forever nCn-assessab ble. and each certificate when issued shall state upon tha face the number of shares reprr- scented thereby. and that the same Is full-paid and forever non-assessabIe. that one hundred thousand dollars (S100. .000) of the one million dollars (Sl. .o00, Goo authorized capital stock oi this company. viz: one hundred thou sand QG0.000l shares of the par value of one dollar (s1.0O) per share. or SC 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 hoIdei thereof to receive out of the net earn inSS, and the company shall be bcun to pay q fixed yearly dividend oi IS 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 scventy-fre per centum of all the ret earnings of the company. re- maining after the payment cf the divi- of ai nor .l toned on the preferred stock shal from time to time be applied to the payment of additional dividends on SC much of the said preferred stock as may be issued. up to it's full par value
 That upon a winding up of the com pany the said preferred stock shall n, a first lien to the amount of it's princi- pal upon the assets of the company 70 maining after the payment of creditors That without the consent of two-thirtl. in amount of the said preferred stocs outstanding. there shall not be create any other stock ranking equal with Cl in priority to it. Provided. that Whel dividends aggregating one hundred pel centum in addition to the cumula tive eight per centum dividend above men toned have been paid on said preferrel
 
 preference or priority as to dividends lien or otherwise over the other O1 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 shall be surrendered anC cancelled. and certificates of commo, stock in like amounts be issued in lie thereof.
 ARTICLE ".
 The highest amount of indebtedness! or liability. direct or contingent, t. which this corporation shall at an! i time subject itself shall be Two Hun dred Thousand dollars (S2OO, ,00O). ARTICLE V.
 ] The private property Of the stock i holders of this corporation shall be eN ampt from liability for it's corporal, ] debts.
 ARTICLE VI.
 1 The time of the commencement o ! this corporation shall be the day O, | " 11jeh ri icIa I,oI