Arizona republican., 1902-03-21

Secretary of Arizona. i First Publication March 19
 --------------------- ARTICLES OF INCORPORATION OF
 i THE PIUTE GOLD MINES COM ! PANY.
 KNOW ALL MEN BY THESE l PRESENTS. That We. the under i signed. PoIter F. Cope George D. Hay and Thomas E. smith. propose to form
 a corporation under the Revised Stat
 utes of the Territory of Arizona. and 1 fc. that purpose do make. sign and ] acknowledge according to law ant adopt the following Articles of Incor- pCratio0:
 ARTICLE I.
 The name Of this corporation snail be 1 The Piute Gold Mines Company. and
 it's principal place for transacting busi-
 ness shall be in the City Of Phoenix. in the County of Marcopa. Territory of
 Arizona with offices at such other places as the Beard of Directors ma" designate.
 ARTICLE II.
 i The general nature or the business proposed to be transacted by the said ! corporation is a general mining. mill ! irg. smelting and reduction business.
 the buying, selling. leasing. bonding
 and working of mines, ores and bullion. 1 the building Of roads and tramways. 1 to acquire by purchase or otherwise in the United States or the Territories i thereof. or elsewhere. mining proper | tics. tunnel and mill sites and water rights. and work. mine, tunnel and otherwise develop tt" same: erect necessary buildings. mills. smelters. ] reduction plants, machinery and appli ances. and purchase material for the 1 same and fer the proper working there 1 of: To woril for gold. silver. copper. l lead and other minerals: to sell. mill, smelt. reduce refine or otherwise pre- pare the same for market: to work. ! nan6ie and control inventions and let l ters patent rela ting to and incident to 1 the mining. milling and smalting of 1 ores: to buy. seli. own. use and control ] real estate. water lishts. mill sites. ma l cEinery. appliances. fixtures. buildings. stocks of other corporations. letters 1 patent and inve,itions: to borrow i money. issue bonds. and to mortgage. ! pledge CT otherwise dispose of any or all of its corporate property fer the ] security and payment of any of its in 1 debtedraSs and to do any and all 1 things, and to acquire all property. real
 and personal. which may be requisite
 and necessary to carry into effect the i objects for which the said corporation l is formed.
 ARTICLE III.
 The amount of capital stock shall be
 the sum Of One Million Dollars ($1 Oc9 i o1f) dividci, into One Million Q0G0. .GGo1 shares of the bar value of one Dollar i tS4.cO each. which capital stock shall : 52 paid in upon the call of the Board cf
 Directors Of this corporation. and s1all i le forever noH-aSsessa ble. and each 1 certificate when issued shall state upon ! th= face the number of shares reDr-- scented thereby and that the same IS ] full-paid and forever non-assessa bIe. i that one hundred thousand dollars ! f$1O0.0GW of the one million dollars i tS7 oe0. .Ge0) authotized capital stock cI ! this company. viz: one hundred thou sand 100000 shares of the par valu" ] Of cua dollar t$l.om per share. or so much thereof &a may be sold fron time i to tir2a shall be issued as preferred stock. and upon and subject to the fol- i lowing terms and conditions. viz: Said i preferred stock shall entitle the hclder i thcrecf to receive out of the ret earn
 c | i to pay a fixed yearly dividend of IS per centum, but no more. i payable semi-annually before any dividend shall he set apart or paid | on the cCmmoa stock, or applied to-
 wards the retirement Cf the preferred
 stock as hereafter mentioned. That scventy-Gve per centum O; all the ret earnings of the company, re- naining after the payment of the divi- dend Of eight per centum above rleu- ticned on the preferred stock shall 1 from time to time be applied to the 1 payment Of additional dividends on SO
 much of the said preferred stock a.
 may be issued. up to it's full par value 1 That upon a winding up of the com pany the said preferred stock shall he
 9 first lien to the amount of it's prinri- | sal upon the assets Of the company re-
 maininS after the payment Of creditors. | That without the consent of tWo-thir.i5
 in amount of the said preferred stoc'> 1 outstanding. there shall rot ba created any other stock ranking equal with CT | in priority to it. Provided. that when | dividends aggreGating one hundred per ] ceatuIl in addition to the cumulative eight per centum dividend above men
 tioned have been paid on said preferred
 ttN bIlS Soti'lI NIiStIl ttStSC lD ilc c sJits preference CT priority as to dividends. lien or otherwise over the other or common stock, and shall thereupor
 immediately become and be common stock of the company. and the certifi-
 catas CT receipts issued and outstand- ing therefor si,al be surrendered and
 cancelled. and certificates of common
 stock in like amounts be issued in Iie'l
 thereof.
 ARTICLE ".
 The highest amount of indebtedness
 or liability. direct or contingent, to
 which this corporation shall at any
 time subject itself shall De Two Hun
 dreI Thousand dclIars (S200.000)
 ARTICLE N
 The private property of the stock
 holders of this corporation shall be ex-
 empt from liability for it's corporate
 debts.
 ARTICLE VI.