Arizona republican., 1911-05-21

l of one hundred dollars (S10O) each The holders of the Preferred Stock shall be | entitled to receive, when and as de- ! clared, from the surplus or net profit | of the corporation. yearly dividends at ! the rate of seven per cent C per cent) ! per annum. and no more, payable semi annually, and upon dates to be fixed by the Board of Directors. The divi- | dends on the Preferred Stock shall be cumulative and shall be payable before any dividends on the Common Stock shall be paid. or set apart, so that if in any year dividends amounting to seven per cent C per cenD shall not be paid | thereon. the deficiency shall be pay able before any dividends shall be paid upon Or set apart for the Common Stock
 Whenever all cumulative dividends upon the Preferred Stock for all pre- vicus years shall have been declared and shall have become payable. and accrued sCmi-annual installments for the current year shall have been de- clared, and the company shall have paid such cumulative dividends for previ- ous years, and such accrued semi-an- nual installments. or shall have set aside from it's surplus or net profits, a sum sufficient for the payments | thereof, the Board of Directors may de- clare dividends upon the Common Stock, payable then or thereafter out of any remaining surplus or net pro- ceeds.
 The holders of preferred stock shall not be entitled to any voting powers in the corporation. The preferred stock shall be subject tO redemption or re- tirement at the option of the corpora i ton. at any time, al the price of one hundred and five dollars ($1OO for each share. and the amount of divi- , dends cumulated and unpaid thereon at the date of redemption.
 | In the event of any liquidation or dissolution or winding up of the cor pOration, the holders of the Preferred i Stock shall be entitled to be paid in 1 full both the par amount of their shares and the unpaid dividends ac- crued thereon before any amount shall i be paid to the holders of the Common Stock, and after the payment to the 1 holders of the Preferred Stock of it's par value. and the unpaid accrued divi- dends thereon, the remaining assets and ! funds shall be divided and pad to the ! holders of the Common Stock, pro rata according to their respective shares.
 | The Board of Directors may cause said capital stock or any part thereof tO be subscribed or paid for in cash, in the purchase or exchange or trans fer of real or personal property, the ! bonds or stock of other corporations. or for services rendered. and to issue or cause tO be issued any part or all of the capital stock as required at any time, or from time to time. and when
 so issued it shall be fully paid and non -assessable, and in the absence of
 fraud in the transaction. the judgment
 of the Board of Directors as to the
 value Of the property purchased or
 transferred, or exchanged, or services rendered, shall be conclusive.
 Article was amended so as to read
 as follows:
 ARTICLE 7- The highest amount of
 indebtedness or liability to which this
 corporation is at any time to subject
 itself is the sum of seven hundred and
 fifty thousand dollars. C$75O,000).
 
 And further, at said meeting. it was
 duly resolved that the President of this company sign and acknowledge a cer- tificate Of the above amendments tC |. said Articles of Incorporation, and that the Secretary q the company, or As
 sistant Secretary, attest the same. anC
 that said officers do all acts and thing.
 necessary or lawful in the premises tC
 make said amendments effective
 IN WITNESS WHEREOF, I have
 hereunto set my hand and seal as ] President of saiG corporation. anC
 caused the same to be attested by tho
 Assistant Secretary of said corpora , ton. and the corporate seal '0 be af- . fixed. all on this goth day of April 1911.
 (SEAL) F. J. ROBSON, President of Said Corporation. . Attest:
 LESLIE C. HARDY,
 l Assistant Secretary. (SEAL) Territory of Arizona, County oi Pima, ss. Before me. Beppie Leslie, a Notary
 Public in and for the said County of Pima, Territory of Arizona, this day personallyappeared Francis J. Hobson
 President Of santa Cruz and Sonora
 Reduction Company, to me known i to be such person, and known to me
 to be the President of the said Santa Cruz .& Sonora Reduction Company
 and acknowledged to me as such President, that he executed the above and foregoing instrument as the free
 act and deed of said corporation, by
 him voluntarily executed, and for the purposes and considerations therein
 set forth
 WITNESS my hand and seal of office this goth day Of April, A. D. 1911.
 My commission expires December g, 1913
 (SEAL) BEPPIE LESLIE.
 Notary Public.