Arizona republican., 1907-02-18

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! go To build, own, maintain, sell anC
lease, sampling plants wherein ore ma!
be sampled and bought for this corpo
ration, or the value of the ore ascer
tanned for others. To build. own, lease
buy and sell laboratories wherein as
says may be made. To own and oper.
ate wagon. aerial or surface tramway!
for the transportation of ores, or L
rent or acquire, right of way over tn,
tracks of other railroads over which
the products of mines may be carried
this corporation supplying its own car.
if deemed necessary.
(h) To lease, locate, buy and operate
tunnels, or tunnel rights, projected tC
cut veins of ore to supply power tc
tunnels now in course OF construction
To lease, or operate upon royalty
mines cut by tunnels or worked by
shafts. To make contracts with mine
owners or corporations to treat ore. To
make contracts with railroad companies
to carry products from mines, mills and
shelters.
O To purchase, sell and own the
shares of any mine, mill or smelter
company, or any water power, light OF
heat company directly connected with
the district in which this corporation
may be operating. To guarantee the
interest upon any mine, mill power OF
smelter company's bonds or stock. To
buy. sell and hold options upon timber
lands needed by this corporation in its
operations, and generally, to do all that
may be necessary for the successful
carrying on of the business Of mining,
milling and smelling, and the gener-
ating and supplying of power Of all
kinds, the establishment and the main
tanning Of local telephone companies,
stores, ETC., connected with this corpo-
ration.
Fourth: The directors may declare
dividends upon the issued treasury
stock sold for cash before the stock
issued for property services or con-
tracts participates in the profits OF
this corporation, provided the majority
holders of such stock waive their rights
in favor of those paying cash for treas
ury stock. The directors of this cOrpo-
ration may issue ore certificates
against the ore owned or controlled by
this corporation, be the said ore in the
bins of this corporation, upon the
dumps OF the mines, or still in the
mines ready for extraction; the rules
governing the issuance of these ore
certificates and their sale and delivery
to stockholders as stock or scrip div
idends. may be made a part Of the
by laws of this corporation.
Fifth: The capital stock of this cor
poration is five million dollars. divided
into two hundred thousand shares of
twenty-five dollars each par value.
This capital stock may be increased
from time to time by the majority vote
of the board of directors. not to exceed
however, twenty million dollars. The
par value of the shares may be in
creased or decreased as the board OF
directors may elect. In the event of
any increase in capitalization. the
stockholders of record at the time Of
such increase will have the first right
to subscribe for the shares of such in
crease, at par, unless issued for the
purpose of acquiring mines or other
properties. All or any part of the cap
ital stock Of this corporation may be
issued either for property, for services.
for contracts, for secret processes OF
services to be rendered this corpora
ton, for mine leases. for the bonds and
stock of other mining, milling, power.
or smelling companies, or for leases on
mines. or contracts for ore, options on
land, for mine locations. for mill sites
and for cash. Whenever all or part Of
the capital stock Of this corporation is
issued for any Of the purposes herein
said stock shall be stamped.
full paid and worcestershire" and
shall forever be so considered. Up to,
and not exceeding one half of the total
capital stock of this corporation may
be issued as Preferred stock. to bear
such preferences as the directors may
declare and authorize, and said pre-
ferred stock may be issued in series;
the first series. or the number of shares
issued first shall hold precedence over
the second series in the matter of pref
erence Of payment of the said prefer
ence per annum, provided the directors
so elect.
These preferred shares may be issued
in payment for mines, mills. smelters.
power plants, mill sites, ore contracts,
leases, office furniture, machinery,
equipments, building con-
tracts, contracts for future services
contracts for purchase Of property. and
for cash. The directors may pay fisca.
agents such commissions as may be
to obtain funds for said
preferred or common stock. the time of
preference to be regulated by the board
Of directors at the time Of issuance.
The board of directors may issue
or mortgage bonds payable
in ten, twenty or thirty years; these
may cover all or part of the
property OF the corporation. If pre-
ferred stock is issued, the contract
price for constructing any mill or
smelter may be paid in preferred
shares. The mortgages may be. repre-
sented by bonds. An additional mort
gage may be issued for the purpose of
buying mines, water, light or power
plants, mills, shelters, sites, or mach
inery of any kind. The board Of direc-
tors will have full power OF issuance of
any mortgage and the by laws may
state the form of issuance and sale.
Sixth: The directors may prepare
and approve a set Of by laws for the
carrying on of the business of this
and said by laws may i'm
power them to take all actions not con-
trary to these articles of incorpora-
ton. The directors, may, by a major
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