Arizona republican., 1905-11-07
ARTICLES OF INCORPORATION
OF the Ida 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 Ida Porto Rico Mining
Second: The principal place of bust
be at Phoenix, Maricopa county, and its
at Ida and Goidfield. 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-
said, or at any meeting in any place at
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
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 OBJ
legations any and all rights. powers and
privileges of individual owners, including
the right to vote any shares or stock
held By IT to the extent that q 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 G1O0 each. or which
two hundred thousand (2000)O shares
shall be first preferred stock and eight
hundred thousand $500 600 shares shall be
stock shall be entitled to receive. and
shall receive and be paid. eight go per
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 (S)
per cent dividends shall have been paid
upon the f1rst preferred 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
ers of common stock. and the owners of
first preferred stock shall, after the paw
ment in full of all dividends due there
on and of eight C9 per cent. on the
entitled to receive their proportion of any
dividend in excess of eight per cent per
annum declared upon the subscribed or
issued capital stock. it being the inten-
ton of the incorporators to give a pref
erence to the first preferred stock to
the extent of eight 80 per cent. per an
mum mum 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
subscribed or issued common stock.
Fifth: The affairs of this corporation
snail be conducted by a board of not
tors who shall be elected on the second
Monday in September of each wear or at
such time as the bylaws may provide.
edness or liability that this corporation
shall subject itself to at any time shall
not exceed three hundred thousand dol
seventh: This corporation is formed
to endure for twenty-five years from and
after its articles of Incorporation have
been filed in the Office of the territorial
auditor of Arizona and it's existence shall
commence upon such filing and shall ter
inmate twenty-five years thereafter, I'M
less renewed under and in accordance
with the laws of said territory of Ari-
IONA.
clSntn Inc private property or oil
stockholders of this corporation shall be
and is hereby made and declared to be
ana shall forever remain exempt from
all liability for any and all of the debts
and obligations of this corporation, and
no stakeholder or owner of stock shall
ever by reason of his being or becoming
an owner or holder of any shares or
shares of the stock of this corporation
be or become personally liable for or
on any debt. obligation or contract of
this corpora ton.
Ninth: Said capital stock may be sold
or issued by the board of directors at
such times and on such terms as the
board may deem proper either for money
paid or for real or personal property sold
and transferred to the corporation and
any and all shares of stock so sold or
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 as
to the value of any property so sold
and transferred in payment for stock
shall he and remain final and conclusive
All shares and capital stock of this cor
poration are hereby made and declared
to be and shall be and forever remain
worcestershire for any purpose, and shall
never be assessed in any way, manner or
form whatsoever.
Tenth: The business and affairs of this
corporation shall be managed and con-