Arizona republican., 1907-02-16

7 IL deemed necessary.
Oh To lease. locate. buy and operate
tunnels. or tunnel rights, projected C.
cut veins of ore to supply power Il
tunnels now in course or 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
smeIters.
O To purchase. sell and own the
shares Of any mine, mill or smelteI
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 OF any part of the cap
ital stock Of this corporation may be
/ issued either for property. for services
/ for contracts, for secret processes OF
ore treatment. for contracts calling FOL
services to be rendered this corpora
ton. for mine leases for the bonds and
: stock Of other mining. milling. power
o. smelling companies. or for leases OF
mines. or contracts Tor ore. options or
land. for mine locations. for mill sites
/ and for cash. Whenever all or part OF
the capital stock Of this corporation /:
| issued for any of the purposes hereir
mentioned. said stock shall be stamped
full paid and worcestershire" au'
shall forever be so considered. Up Ia
J and not exceeding one half Of the tota
capital stock Of this corporation may
be issued as Preferred stock, 10 bCal