Arizona republican., 1902-11-03
ARTICLES OF INCORPORATION
 OF THE RED MOUNTAIN RAILROAD, MINING AND SIMPLIFYING
 COMPANY.

 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 oi the city of Philadelphia, state of Pennsylvania, and the name of the corporation shall be THE RED MOUNTAIN RAIL ROAD, MINING AND SIMPLIFYING 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 dnay 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- move ores and other minerals and tim 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 smelting 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 its 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 other evidences O; 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 ($5.7 OOO) divided into five million seven hundred and fif- ty thousand shares (5,75O, ,OO0), of which seven hundred and fifty thousand (750, 000 shares shall be preferred stock, and five million C5,O0O,O00) 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 profits of the corporation yearly divi- 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- dends 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 a 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 ton. 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- ;cre any amount shall be paid to the holders of the common stock; and after the payment to the holders of the preferred stock of its 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 O: direc- tors may by resolution direct, said cap ital stock shall be paid into this cor poration either in cash. or by the sale and Transfer tO if of real or personal