The border vidette., 1911-12-02
ARTICLES OF INCORPORATION
 OF ARIZONA SONORA MINES COMPANY .'

ARIZONA SONORA MINES COMPANY"
 KNOW ALL MEN DY THESE PRE- SENTS that we. the undersigned, with d view to forming corporation under the laws of Arizona, do hereby make, publish. ana declare our Articles of incorporation in words and manner following, to-wit,
 Tine incorporators are Elgin B. Holt. of Magd alena, Sonora. Mexico, and Lawton B. Garside. of New York, New York.
 1.-The name of the corporation shall be "ARIZONA SONORA MINES COMPANY
 HI-The principal place of transact ing the business of the corporation in poration shall keep principal office and place of business at New York, N. Y.
 W-rhe business of the corporation, in its general nature, shall be mining. which shall include the acquisition, development, operation, and sale, in any manner whatsoever, of mines and mining prospects of any kind; the ac- qusltion 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 Of other corporations; and the doing or any and all things and transaction of ' any and all business not of a mining nature but which, in the discretion of the corporation. may be deemed ne cessary or desirable in the furthering of the objects of the corporation.
 W The amount of the capital stock of the corporation shall be Two Million Dollars, divided into two hundred thousand shares having a par value of Ten Dollars each; and the said two hundred thousand shares shall be further divided into fifty thousand nd It1n6 .n6 md ffyy thousand Common shares.
 W-The Preferred shares of the cor poration shall be preferred as to prin. cipal and shall be entitled to a cumul- ative preferential dividend of six per centum per annum, payable semi-an- fifteenth of July of each year, and shall, furthermore, be entitled to par ticipate equally with tho Common shares in all other dividends. And, for the purpose of assuring the per- manency of the preferential dividends. dfvide 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- ton, shall, from time to time. as may become necessary, be segregated from the other holdings of the corporation and transferred to an independent trust fund which shall, however. be adminis- tered by the president and the secre- tary 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 agRre- gate securities thus segregated shall net in dividends at least eight per centum per nnnum upon the par amount of tho 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 and approval of the board of directors or the executive committee, the trus tees may, also. from time to time, sell securities in said fund and re-inyest the proceeds for the benefit of the fund, in other dividend paying mining securi- ties. Having once transferred to such fund the securities necessary hereunder to assure the preferential dividends. the corporation shall not be obligated to make further transfer on account of the same shares, and transfer to said fund on account of any lot of shares shall be computed and fixed with respect to that lot of shares only and without regard to whether the income of sucn fund as previously ex- isting shall have diminished or increas- ed and such lot of shares shall partici- pate in the trust fund on a common and equal basis with the shares previously issued.
 Such trust fund shall be deemed to be and shall be thing apart from the other business of the corporation and the property of the preferred shareholders, and the proceeds shall be applicable to the pay ment of the pre- ferential dividends regardless of whe- ther the general operations Of the cor poration show profit loss; and the holders of the preferred shares shall. under all circumstances, be the beneficiaries of both the principal and the income from said fund to the ex- clusion Of any and all creditors of the corporation and of the holders of the common shares.
 VII-The capital stock of the corpor- ation, made up as aforesaid, shall be paid for at such time and in such man. ner. either in cash or by the sale and