The Arizona sentinel., 1907-05-22
Articles of Incorporation of The Montezuma Mining and Smelt' ing Company.

MOnteZuma Mining ana OmeIG-
 ing Company.
 Know all men by these presents: That at B meeting Of the board of directors of The MOn- tezuma Mining and Smelling Company, a corporation lawfully formed and acting un- der and by virtue of the laws of the Territory of Arizona, duly and lawfully convened and held at the company'S office, Room 254, Will COX building, in the city of Los Angeles, state of California, on Thursday, the 4th day Of April, laJ7, at which meeting a quorum of the said board attended and participated in the proceedings thereof, it was resolved by unanimous vote Of the said meeting that a meeting Of the stockholders of the said cor pnration should be called and held on the 23rd day of Al pril, 1907, at the hour of a.m., of said day, in the town Of Yuma, Territory of Arizona, that being the company's principal place of business in the Territory of Arizona, and at the office therein of J. w. Darlington, the company's agent for said Territory, that mo- tice of said meeting should be given by the secretary of the company to all the stock holders in writing by mail, as provided in the company's bylaws, and that said meet ing was called for the reason that in the Judgment of the board of directors it was to the interest of the corporation that its capi- tai stock should be increased and its articles of ofincorporation be amended so that the cap- ital stock of the corporation should be in- creased by the issuance of 25OOe0 additional shares of stock of the par value of one dollar per share, which should be preferred as to dividends to the extent of eight per cent per annum, and also that this corpora: ion might have power to subject itself at any time te an Indebtedness and liability Of SSG0,9e0.
 That thereafter, and pursuant to the by laws Of said corporation, the secretary of said corporation did give due and legal notice of the holding Of said meeting to all and every the stock holders of the corporation, and that on Tuesday, the 2Srd day of April, 1907, at the hour of a. m. on said day, at the office of J. W Darlington, the company's agent in the Territory, in the town of Yuma, and Territory of Arizona, the stockholders of the Montezuma Mining and Smelling Com pany did, pursuant to the said call, assemble, and the meeting provided for therein was duly and legally held.
 That the capital stock of the MonteZuma Mining and Smelling Company authorized Ay us OIlSlHal dTblCleS Ol llCOIpOi0GiOh M'S the sum of sl. .OOO OOOO.OO. divided into l,VO0oCO shares of the par value of one dollar each, and that at the time said meeting was called and notice thereof given and at the time of holding the said meeting, 670,SSS Of said ,OOO,- eoO shares were subscribed and issued and outstanding the treasury of said corporation and the residue thereof, to-wit, 329,6 shares, were in the treasury of the said corporation. That at said meeting there were lawfully present and represented, either in person or by proxy, GOS, ,59S shares of the subscribed and issued stock of the corporation outstand- ing its treasury; that said meeting came to order and organized, and the proxies for the stock represented thereby at said meeting were read to the meeting and by resolution duly and unanimously adopted were de- elared, in each instance, sufficient written evidence Of the proxy-holder's right to act for his principal, and that said proxy-hoider and agent was acting by the authority Of his principal in each case. That at the said meet ing 1t was by resolution duly and regularly made and second ed. Resolved that the articles of incor- poration of The Montezuma Mining and Smelling Company be amended so that the said articles shall read:
 ARTICLE 1.
 The name of this corporation shall be "The Montezuma Mining and Smelling Company" and its principal place of business shall be at the town O! Yuma, county of Yuma, Terri tory of Arizona, with a branch office at the city of Los Angeles, State Of California, where meetings Of the stockholders aud directors may be held as provided in the bylaws of said corporation.
 ARTICLE II.
 The general nature Of the business of said company shall be mining for gold, silver and other precious metals and minerals, acQuir- ing by location, purchase, lease or otherwise e mines, mineral and other lands, mill sites and water rights; buying, selling. leasing mortgaging and dealing in real property, merchandise and other personal property making, buying and selling bills, notes bonds and debentures; erecting and operat ing smelters, mills, refneries and other works for milling, reducing and treating ores and minerals; building roads, tram ways, railroads, pipe lines, pumping plants and canals on or from the coinpany's mines and works, and to do all otEer things need ful to conduct a general mining business
 
 CT state or territory in the United States.
 ARTICLE III.
 The capital stock of said company shaI consist Of one million. two hundred and fifty q 4,25O,O0O) shares of the par value of one dol lar (sl.o09 each; said capital stock shall b, divided into two classes as follows. to-wit One million q, ,Oc0,OOO) shares of the par value x>fo char loll I,a men stock, and two hundred and fifty thous and GOO shares of the par value Of on, dollar (sl.OO) per share shall be preferred stock; said stock, and both classes thereof Hpon issuance shall be paid for in cash a such sum or price, or it's equivalent in prop erty conveyed to said company, as shall b Axed and determined by the board of dircc tors of said company, and when so isSuet shall forever be non-assessable, The ore ferred stock shall possess the following incl dents and characteristics difTeTentiating i from common stock. and no other. It shal be entitled to cumulative preference as [ dividends out Of the net earnings Of the con pany to be declared from time to time by tn board ofdirectors as earned; such cumulati preferred dividends shall be in the first il stance at the rate of eight per cent (S@s) pc annum, and shall, when and as earned an declared, be payable semi-ann1ally. After tn payment Of such cumulative dividend ( per cent (S9S) per annum on the issued an outstanding preferred stock in any year. di' ideuds may be declared, cut of the SurplU net profits, by the board Of directors on th common stock, in such sums and amount as in the opinion of the board of director the said surplus net profits or earnings of tn company shall justify, until the commo