Arizona republican., 1907-02-16

Seventh: Dividends may be declared
by this company from the profits of
mining smelling or the sale Of ore ex-
tracted from the mines. blocked out. to
{ ore spectators or custom mills or
! shelters or through the treatment OF
ore by this company itself or through
the buying OF property and the selling
OF the same. The buying and selling of
mining contracts. the buying and SELL
ing Of mills, and machinery or from
any other branch Of business author
lied under this charter. all the net
profits may be used to retire any is
sued preferred stock, but whenever
dividends are declared, it must be stat
ed on the face Of the dividend notice.
the branch Of business from which said
profits are derived.
! Eighth: The principal office of this
company shall be at Phoenix. Arizona
/ but il may have branch offices in any
city Of the United States and special
meetings of directors and stockholders
may be held in any city of the United
states and in event the company should
own and operate mines in any foreign
country an office may be established
in that foreign country.
! Stockholders meetings may be held
, by giving ten days notice by mail to
the various stockholders Of record. ad-
dressed to the best known post office
: address of each shareholder the major
3 ity vote of the issued stock when cast
/ in a stockholders meeting shall be final
and binding upon the entire capital
stock: notices shall be signed by the
/ president or secretary and such notices
/ duly signed shall be legal notice for a
stockholders meeting. The annual
meeting of the stockholders must be
I held in Arizona.
! Ninth: The private property Of each
stakeholder or officer of this corpora
ton shall be exempt from corporate
debts and the buyers Of the capital
stock of this corporation will buy the
same as speculative in value.
Tenth The highest amount OF in
debtedness to which this corporation
may at any one time subject itself,
shall be two million five hundred thou
sand dollars. unless eight-tenths Of the
holders Of the total capital stock may
in a STOCKHOLDERS meeting decide to in
crease such inde btedness. The annual
interest on bonds or mortgages issued
or assumed by this company shall be
classed as liabilities. but the principal
of said mortgages VIII not be assumed
without special approval of the major
ity Of the stockholders.
Eleventh: The officers of this cOrpO-
ration to conduct it's affairs shall con-
sist of a board Of directors composed
of three members to be elected at a
general meeting of the stockholders or
incOrporatOrs upon the filing OF this
certificate of incorporation. The num-
Der Of members may be increased TO
fifteen. They shall hold office FOR one
year or until their successors are
elected.
. Twelfth: The parties assOciating
themselves together for the purpose OF
forming this corporation are Henry Il.
Clifford Of New York city. Maude NJ.
Z Clifford of New York City and Ehud
n. Darling of Washington. ID. c. Each
of the incorporators subscribe for ten
shares Of the capital stock.
Thirteen: Property may he acquired
by individual agents Of this corpora
ton and held by them as trustees Tor
this corporation until such times as the
directors may elect ~ have the same