The border vidette., 1911-11-18
ARTICLES OF INCORPORA ATION
 OF ARIZONA SONORA MINES COMPANY D

KNOW ALL MEN BY THESE PRE- sENTS that we, the undersigned, with a view to forming a corporation under the laws of Arizona, do hereby make. publish, and declare our Articles of Incorporation in words and manner following, to-wlt,-
 Tine incorporators are Elgin B. Holt of Magdalena, Sonora. Mexico, and Lawton B. Garside. of New York, New York.
 be ARIZONA SONORA MINES COMPANY"
 III-The principal place of transact ing the business of the corporation in Arizona shall be Nogales, but the cor poration shall keep principal office and place of business at New York, New York.
 W-The business of the corporation, in it's general nature, shall be mining, which shall include the acquisition. development. operation, and sale, ID any manner whatsoever, Of mines and mining prospects Of any kind; the &C., quisltion and the sale, in any manner whatsoever, of the stocks and securi ties of other corporations; the lending of money and credit to other corpora lions; the guaranteeing of the bonds ot other corporations; and the doing Of any and all things and transaction of any and all business not of n mining l nature but which, in the discretion of ! the corporation. may be deemed ne I cessary or desirable in the furthering ] of the objects of the corporation. V--The amount of the capital stock of the corporation shall be Two Million l Dollars, divided into two hundred | thousand shares having par value of | Ten Dollars each; and the said two | hundred thousand shares shall be | further divided into fifty thousand Preferred and one hundred and fifty | thousand Common shares.
 W-The Preferred shares Of the cor poration shall be preferred as to prin
 cipal and shall be entitled to cnmul- | ative preferential dividend of six per | centum per annum, payable semi-an- nually on the fifteenth of January and shall, furthermore, be entitled to par 1 ticipate equally with tho Common ! shares in all other dividends. And, for the purpose of assuring the per
 mauency of the preferential dividends.
 divide end paying securities of mining | companies approved by the board of directors of the corporation, purchased and owned by the corporation or to be
 purchased and owned by the corpora | tion, shall, from time to time. as may | become necessary, be segregated rom | the other holdings of the corporation
 and transferred to an independent trust
 fund which shall. however. be adninis- l tered by the president and the secre- | tarv and treasurer of the corporation.
 as trustees. or by such other trustees
 as the board of directors may design
 ate, under the supervision and control
 of said board Of directors. The aggre- gate securities thus segregated shall
 net in dividends at least eight per centum per anDum upon the par | amount of the Preferred shares issued. | and surplusage of income after payment
 of the preferential dividends shall. from time to time, be re-inveSted by
 said trustees and shall go to increase
 said trust fund. Under the direction and approval of the board of directors or the executive com mittee. the trus-
 tees may, also, from time to time, sell securities in said fund and re-invest
 the proceeds for the benefit of the fund
 in other dividend paying mining securl- l ties. Having once transferred to such fund the securities necessary hereunder
 to assure the preferential divid ends. | the corporation shall not be obligated
 to make a further transfer on account
 of the same shares, and transfer to
 said fund on account of any lot ot
 shares shall be computed and fixed
 with respect to that lot Of shares only
 and without regard to whether the
 income Of sucn fund previously ex-
 isting shall have diminished or increas-
 ed and such lot of shares shall partici-
 pate in the trust fund on q common and
 equal basis with the shares previously IisSued.