Arizona republican., 1905-11-08
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 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 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 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 or designated as afore said, or at any meeting in any place at which all the incorporators or all of the stockholders 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- Hgations any and all rights. powers and franI nIfr6f the right to vote any shares Of stock held by 1t to the extent that a natural eral to do all things necessary to the proper conduct of the business of this
 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 G100) each, O, which shall be first preferred stock and eight hundred thousand (S00, GOOD shares shall be common stock; that the first preferred stock shall be entitled to receive. and shall receive and be paid. eight (S) per cent per annum on the par value there or out of the net earnings or profits of any dividend is paid upon the common stock, and no dividend shall be paid upon any or the common stock until eight (S) per cent dividends shall have been paid upon the first preferred stock in full for every prior year, and the rights and powers of the owners of the first pre-
 
 snail 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 on and of eight C0 per cent on the subscribed or issued common stock, be entitled to receive their proportion of any dividend in excess of eight per cent ner annum declared upon the subscribed or issued capital stock, it being the inten- erence to the first preferred stock to the extent of eight (S) per cent per an- mum as to dividends, and to make the same fa ne cumulative if not paid, and to, give 10 the owners of first preferred stock the right to share in any dividends after elght (S) per cent has been paid on the
 Fifth: The affairs of this cort,r.ation shall be conducted by board of not less than three nor more than nine direc- Monday in September of each year or at such time as the bylaws may provide
 Sixth: The highest amount of indebt- edness or liability that this corporation shall subject itself to at any time shall lars.
 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, un- less renewed under and in accordance with the laws of said territory of Ari- zona.
 Eighth; The private property of all stockholders of this corporation shall be 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, and no stockholder 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 corporation.
 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 al! 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 hereby made and declared to be and shall be and forever remain non-assessable 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