Arizona republican., 1905-11-10
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 Lida Porto Rico Mining
 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 be at Lida and Goldfield. Esmeralda county. 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 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 or 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, ex- 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; to 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 | individual owners | the right to vote any shares Of stock held by it to the extent that 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.
 l 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 C1.00 each, or which | two hundred thousand (20O.0J0) sharss ! shall be first preferred stock and eight | hundred thousand (S00,0 shares shall be
 common stock; that the first preferred stock shall be entitled to receive. and shall receive and be paid. eight 8( peI ! cent per annum on the par value there
 of out of the net earnings or. profits oi | the business of the corporation before
 any dividend is paid upon the common | stock, and no dividend shall be paid upor
 any of the common stock until eight (S per cent dividends shall have been paiC upon the first preferred stock in full fol every prior year, and the rights anC
 powers of the owners of the first pre-
 
 | shall be the same as those of the own
 CTS of common stock, and the owners O.
 ment in full of all dividends due there
 on. and of eight G) per cent. on thu
 subscribed or issued common. stock, b.
 entitled to receive their proportion of an!
 dividend in excess of eight per cent pc
 annum declared upon the subscribed O issued capital stock, it being the inten
 erence to the first preferred stock t
 the extent of eight C0 per cent per an mum as to. dividends, and to make tn to the owners of first preferred stock tn right to share in any dividends afte eight (9 per cent has been paid on tn 2 subscribed or issued common stock. Fifth: The affairs of this corprfatio
 shall be conducted by a board of no
 less than three nor more than nine direc
 tors who shall be elected on the secon Monday in September of each year or a such time as the bylaws may provide. Sixth: The highest amount of indebt shall subject itself to at any time sha f not exceed three hundred thousand do | lars.
 Seventh: This corporation is forme I to endure for twenty-five years from an . after it's articles of incorporation hay :. been filed in the office of the terrtori; r auditor of Arizona and it's existence sha commence upon such filing and shall tel
 minate twenty-five years thereafter, LII O less renewed under and in accordanC 7 with the laws of said territory of Ar zona.
 Eighth: The private property of a ,,' stockholders of this corporation shall f and is hereby made and declared to f and shall forever remain exempt fro q | all liability for any and all of the deb and obligations of this corporation, ar ' no stockholder or owner of stock she . ever by reason of his being or becomiI ', an owner or holder of any shares Y shares of the stock of this corporate
 be or become personally liable for
 on any debt. obligation or contract m this corporation.
 O Ninth: Said capital stock may be so D or issued by the board of directors e such times and on such terms as t e board may deem proper either for mon d. paid or for real or personal property SC 1T and transferred to the corporation. al s- any and all shares of stock so sold Ia issued shall thereupon and thereby | B. come and be fully paid up and non-s l. sessable, and the judgment of the dire l. tors and the decision of the board le to the value of any property SC of and transferred in payment for sto n- shall he and remain final and concluSi' ie All shares and capital stock of this e e. poration are hereby made and declar I'd to be and shall be and forever rems le non-assessable for any purpose. and sh or never be assessed in any way, manner K form whatsoever.
 i'd Tenth: The business and affairs of t or corporation shall be managed and e