Arizona republican., 1905-11-11
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 ing and do hereby form a corporation 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 busi- ness of this corporation in Arizona shall be at Phoenix, Maricopa county, and it's other principal places of business shall bo at Llua ana GoI1IlelG, EslhSraiqa couhty, state of Nevada, and in such other places in other states and territories Of the United States as 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'. 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 or designated as afore- said, or at any meeting in any place at which all the incOTpOrators or all of the stockholders or all of the directors are present or represented.
 Third: The general nature or the bus mess proposed to be transacted Is: To make contracts; to purchase, lease, bond, locate or otherwise acquire, own, eX- change, sell or otherwise dispose of, pledge, mortgage, hypothecate and deal in any and all kinds Of real and personal property. including bonds and shares of the capital stock of other corporation. mines, mining claims. oil lands. coal lands, mineral lands. oil, gas, coal, shale, asphaltum. petroleum, asbestos water and water rights and machinery, and to work, mine, explore, operate and develop the same; 10 borrow money and execute 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- legations any and all rights, powers and privileges of individual owners, including the right to vote any shares Of stock 1 held by II 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 corporation.
 Fourth: The authorized amount of the capital stock shall be one million dollars divided into one million shares of the par value of one dollar $100) each, or which two hundred thousand (20009O shar5 s SnalI be nrst pre1eIred stock and elgnt hundred thousand (SG0, ,OO0) shares shall be common stock; that the first preferred stock shall be entitled to receive, and ! shall receive and be paid. eight (S) Der 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 upon the common stock, and no dividend shall be paid upon any of the common stock until eight C) per cent dividends shall have been paid upon the first preferred stock in full for powers of the owners of the first pre- ferred stock, including the right to vote,
 
 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 l entitled to receive their proportion of any | dividend in excess of eight per cent per 1 annum declared upon the subscribed or l issued capital stock, it being the inten- l ton of the incorporators to give pref i eTehce 10 the hrst preferred stock to | the extent of eight (O per cent. per an- l num as to dividends, and to make the same cumulative if not paid, and to give | to the owners of first preferred stock the | right to share in any dividends after l eight (O per cent has been paid on the 1 subscribed or issued common stock ! Fifth: The affairs of this cooperation l shall be conducted by board of not | less than three nor more than nine direc-
 tors who. shall be elected on the second
 Monday in September of each year or at
 such time as the bylaws may provide. Sixth: The highest amount of indebt- 1 ednesS or liability that this corporation
 shall subject itself to at any time shall
 not exceed three hundred thousand dol
 Seventh: This cornoratfon is formed
 to endure for twenty-five years from and after it's articles of incorporation have been filed in the office of the territorial | auditor of Arizona and it's existence shall l commence uDon such filing and shall ter | minate twenty-five years thereafter, un- l less renewed under and in accordance | with the laws of said territory of Ari- zOna.
 Eighth: The private property of all StOthiOlAGlS Ol liIlS COIDOIdllOn snail DF | and is hereby made and declared to be and shall forever remain exempt from
 all liability for any and all of the debts
 and obligations of this corporation ana
 no stockholder 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
 be or become personally liable for ol
 on any debt. obligation or contract ot this corporation
 Ninth: Said capital stock may be solt or issued by the board of directors a , such times and on such terms as tn, , board may deem proper either for none,
 paid or for real or personal property solc and transferred to the corporation. ant any and al! shares of stock go sold O issued shall thereupon and thereby be come and be fully paid up and non-as sessable, and the judgment of the direc tors and the decision of the board a } to the value of any property so sol and transferred in payment for stoc : shall he and remain final and conclusive All shares and capital stock of this COT poration are hereby made and declare ] to be and shall be and forever remai 2 non-assessable for any purpose. and shal r never be assessed in any way, manner O form whatsoever.
 l Tenth: The business and affairs of thi r corporation shall be managed and COT