Arizona republican., 1902-10-30
ARTICLES OF INCORPORATION t% OF THE RED MOUNTAIN RAILROAD,
 MINING AND SIMPLIFYING COMPANY

NO 1SSONillS OuIsSlNGS lOStlHtT
 for the purpose of forming a corpora
 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 1 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 of di-
 rectors, and shall have power to con-
 duct its 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- ! IFrAsax
 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
 smelling 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 l other evidences or indebtedness of any other corporation or corporations, asso- citation or associations. of any state, | territory or 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 a 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 corporation shall be five million seven hundred and fifty thousand dollars (s5, ,750,0 divided into five million seven hundred and fif- ty thousand shares (5,750, ,OOO), of which seven hundred and fifty thousand GEO. 0O0) shares shall be preferred stock. and five million (5.OOO, OOO) shares shall be common stock.
 From time to time. the preferred stock and common stock may be in- creased according to law, 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 as declared. from the surplus or net
 
 dends at 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- denis 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 sum suffi- cient for the payment thereof the board of directors may declare divi- dends 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-
 fore 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.
 At such time as the board Oi direc- tors may by resolution direct, said cap ital stock shall be paid into this cor l. 10