Arizona republican., 1902-03-24
ARTICLES OF INCORPORATION
 OF THE PIUTE GOLD MINES COM
 PANY.

OF
 THE PIUTE GOLD MINES COM
 PANY.
 KNOW ALL MEN BY THESE PRESENTS. That we. the under signed. Porter F. Cope, George D. Hay and Thomas E. Smith. propose to form q corpora ton 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 Piute Gold Mines Company. and it's 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 may designate.
 ARTICLE II.
 The general nature of the business proposed to be transacted by the said corporation is d 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 tho same and for the proper rking there of; to work for gold. silver. copper lead and other minerals: to sell, mill smelt. reduce. refine or otherwise pre- pare the same for market; to work handle and control inventions and leg ters patent relating to and incident to the miaing. milling and smeltirg Q! ores: to buy. sell, own. use and control real estate. water rights. mill sites. ma chinery. appliances. fixtures. buildings stocks Of other corporations. letters patent and inventions: to borrow monex. issue bonds. and to mortgage pledge or otherwise dispose of any or all Ct it's corporate property fo. the security and payment of any of it's il- 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 (S1.G00 COO divided into one Million q. eco O0G shares cG the bar value of One Dollar CS1.Gm each. which capital stock shal be paid in upon the call of the Boar! 0: Directors of this corporation. and shal be forever non-assessable, and eaCI certificate when issued shall state upon th= face the number of shares repr-- scented thereby. and that the same Is full-paid and forever non-assessa ble that one hundred thousand dollars (S100 OCO of the one million dollar; (S1, zoo 000) authorized capital stock ol this company. viz: one hundred thou sand G00.GGGt shares of the par Valuc of one dollar ($1.0O per share, or SC much thereof as may be sold from time to time shall be issued as preferret stock. and upon and subject to the fol lowing terms and conditions. viz: Sai( preferred stock shall entitle the hoidei thereof to receive out of the net earn inss. and the company shall be boun to pay d fixed yearly dividend 0 IS per centum, but no more payable semi-annually before any dividend shall be set apart or paic on the common stock, or applied to wards the retirement of the preferred stock as hereafter mentioned.
 That seventy-fve per centum of al the net earnings of the company, re maining after the payment of the dtv dend of eight per centum above rlen tioned on he preferred stock shal from time to time be applied to tn payment of additional dividends on s' much of the said preferred stock a may be issued, up to it's full par value
 That upon a winding np of the com pany the said preferred stock shall n first lien to the amount of it's priEr pal upon the assets of the company re maining after the payment of creditors That without the consent of tWO-third in amount of the said preferred stOc! outstanding. there shall not be create any other stock ranking equal With C in priority to it. Provided. that Whel dividends aggregating one hundred pc Centum in addition to the cumulatiV eight per centum dividend above men toned have been paid on said preferrci stock the same shall cease to have ir, i preference or priority as to dividends 1 lien or otherwise over the Cther Q common stock. and shall the"eupo l immediately become and be commo stock of the company. and the certifi cates or receipts issued and outstand | ing therefor shall be surrendered an cancelled. and certificates of commo stock in like amounts be issued in lie 1 thereof.
 ARTICLE ".
 | The highest amount of indebtedness or liability. direct or contingent, [ which this corporation shall at an i time subject itself shall be Two Hun dred Thousand dollars ($20O OOO. l ARTICLE N
 1 The private property of the stock 1 holders of this corporation shall be ex empt from liability for it's corporal debts.
 ARTICLE VI.
 1 The time of the commencement O , this corporation shall be the day O which these Articles shall be filed i