Bisbee daily review., 1902-07-29
Thousand Dollars (s1oo 900 %, shall

Thousand Dollars ($1O0, ,oO0 OO) shall be preferred stock. and four hundred thousand t400.000) shares amounting to Four Hundred Thousand Dollars t$4o0.0Oo.O0) shall be common stocf
 The net yearly earnings. or the net profits of this corporation shall be applid as follows:
 l. To the payment of a dividend upon the preferred stock of this cor poration at the rate of seven per cent 0 per cenD per annum:
 ?. To the payment of a dividend upon the common stock of this corpor- ation at the 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. semi-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 sufficient to pay a dividend of seven per cent c per cent) upon the preferred stock. said preferred 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 payment for work. labor. and services. done. rendered and performed. for ma 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 con- mencement of this corporation shall be the date that these articles of in 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 (25) years from and after said date.
 Article VI The affairs and man. agement of this corporation shall be under he control of five (5) directors, and A. NJ. Franklin, c. E. Bell. W. F. Francis. Hartwell Nowell and R. 3. 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 qual- 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, (2) vice president, (3) secretary and (D treasurer. which said officers shall be h,- tho af nd who may or may not be members of said board.
 Article VIII The annual meeting of stockholders shall be held on the second Tuesday of July of each year, and at all meetings of stockholders stock may be represented and voted by proxy.
 Article TX. The highest amount of or liability, direct or to which this corporation shall at any time be subject, is the sum or amount of one hundred thou sand dollars ($100. .00000). II
 Article x. The private property of each and every stockholder of this shall be exempt from any all debts of the corporation.
 Article XII These articles of in 1 may be amended at any | regular meeting of the stockholders l of this corporation, or at any special | 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 1y the assent in writing of all stock holders of this corporation.
 Article XII Bylaws may be adopt sd. by this corporation at any regular meeting of the stockholders of this or at any special meet Ing called for that purpose, by the vote of stockholders holding two .hirds (2-s) of the capital stock issued