Arizona republican., 1905-11-09
ARTICLES OF INCORPORATION Of the Lida Porto Rico Mining Company

KNOW ALL MEN BY THESE PRES ENTS: That we, the undersigned, have associated and do hereby associate our selves together for the purpose of form under the laws of Arizona, and for that purpose do hereby adopt the following articles and charter:
 First: The name of this corporation Is and shall be L.da Porto Rico Mining Company.
 Second: The principal place of bus- ness of this corporation in Ar.zona shall be at Phoenix, Maricopa county, and its other principal places of business shall tc at Lida and Goldfelu, Esmeraida county. state Of Nevada, and in such other places in other states and territories of the United States may, from time to time. be named, appointed or designated in or by the bylaws or by the board of direc- tors or by the incorporators or stock holders thereof; and all incorporators' stockholders and directors meetings may be held and all corporate business may be transacted at any one or more of said places or at any other place so named. appointed CT designated as afore- which all the incorporators or all of the stockholders or all of the directors are present or represented.
 Third: The general nature Of the bus mess proposed to be transacted is: TO make contracts; to purchase, lease, bond, locate or otherwise acquire, own, ey- pledge, mortgage. hyLo.hecate and deal in any and all kinds Of real and personal property including bonds and shares Of the capital stock of other corporation, lands. mineral lands. oil, gas, coal, shal", asphaltum. petroleum, asbestos. wat r and water rights and machinery, and to work, mine, exp,ore, operate and develo0 } the same: to borrow money and cSecute 2 notes, bonds, mortgages, or deeds of trust to secure the same and to exercise in respect thereof and of all shares of capital stock and other securities and ob- ligations any and all rights, powers and privileges of individual owners, including the. right to vote any shares Of stock held by it to the extent that a natural person might or could do; and in gen eral to do all things necessary to the proper conduct of the business of this corpo ration.
 Fourth: The authorized amount of the capital stock shall he one million dollars divided into one million shares of the par value of one dollar ($1.00) each. or which two hundred thousand COJO sharf s shall be first preferred stock and eight hundred thousand S00, COO shares shall be common stock; that the first prefer red stock shall be entitled to receive, and cent per annum on the par value there of out of the net earnings or profits of the business of the corporation before any dividend is paid unon the common stock, and no dividend shall be paid upon any of the common stock until eight CS) per cent dividends shall have been paid upon the first pre- eferred stock in full for every prior year, and the rights and powers Of the owners of the first pre- ferred stock, including the right to vote, shall be the same as those of the own CTS of common stock, and the owners of first preferred stock shall after the pay ment in full of all dividends due there subscribed or issued common stock be entitled to receive their proportion of any dividend in excess of eight per cent per annum declared uron the subscribed or issued capital stock, 1t being the inten- tion of the incoIporators to give a pref erence to the first preferred stock to extent eight Q m mum as to dividends. and to make the same cumulative if not paid. and to give right to share in any dividends af' CT eight (O per cent has been paid on the subscribed or irsued common s-ock.
 Fifth: The affairs of this co,p".ation less then three TOT more than nine direc- tors who shall he elected on the second Monday in September of each year or at srch time as the bylaws may provide.
 Sixth: The highest amount of indebt- e6nesS or liability that this corporat' on shall subject itself to at any time shall rot exceed three hundred thousand dol lars.
 Seventh: This corroration ,s formed to endure for twenty-five years from and after it's articles Of incorporation have been fled in the office of the te-rtoria auditor of Arizona and it's existenrs shall commerce unon such filing a"d shall ter minate twenty-five years cHereaf CT. un- less renewed under and in accordance with the laws of said territory of Ari- ZNna.
 Eighth: The private rrcperty Of al stockholders of this corporation shall bf and is hereby made and declared to bt and shall forever remain exemnt from all liability for any and all of the deb and obligations of this corporation, an no stNckho'der or owner of stock shal ever by reason of his being or becoming an owner or holder of any shares ol | shares of the stock of this corporation | re or become rersorally liable for O m any deht. obligation or contract e ] this corpora ton.
 Ninth: Said capital stock may te sol | or issued by the board of directors a l such times and on srch terms as tn l boz I'd may deem rrcper either fo~ more' | paid or for real or personal property sol ard transferred to the cor0oration. ant | any and all shares of stock cold Q issued shall thereupOn ard thereby be come and bc fully paid up ana non-a ] sessable. and the judgment of the drec
 tors and the decision of the board a
 to the value of any property so sol | and transferred ir payment for stoo | shall he and rNma'n fi"al and corclUs we ! All shares and capital stock of this oo' 1 poration gre ferety made ard declare | to he end shall be and forever renal i non-assessaEle for any nurpoee and shal | rever ho assessed in any way. manner 0 | fo-rn whateoever.
 Tenth: The huslnees and affairs nf tn
 corporation shall be managed and cor