Arizona republican., 1911-05-20

sand shares (24000) of the par value of one hundred dollars CSIOO) each. The i 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 = per cenO ! 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 C7 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-
 Vious years shall have been declared and shat have become payable, and accrued semi-annual miscellaneous 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 its surplus or net profits, 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- cceds.
 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
 tion, at any time. at the price of one hundred and five dollars ($1O5) 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 Stock shall be entitled to be paid in full both the par amount Of their shares and the unpaid dividends ac- crued thereon before any amount shall be paid to the holders Of the Common i Stock, and after the payment to the | holders Of the Preferred Stock of its | par value, and the unpaid accrued divi- dendS thereon, the remaining assets and l 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 1 said capital stock or any part thereof | to be subscribed or paid for in cash. l 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 i of the capital stock as required at any | time, or from time tO time. and when : SD issued il shall be fully paid and 1 non-assessable, and in the absence of i fraud in the transaction the judgment 1 of the Board Of Directors as to the value of the property purchased or ! transferred. or exchanged, or services rendered. shall be conclusive. II
 Article was amended so as to read
 as follows:
 ARTICLE :. The highest amount of | indebtedness or liability Co which this l corporation is at any time to subject l itself, Is the sum Of seven hundred and | fifty thousand dollars. C$750, ,00O). III
 And further, at said meeting, it was i duly resolved that the President of this | company sign and acknowledge a cer- ! tfcate Of the above amendments to ! said Articles of Incorporation. and that ] the Secretary of the company, or As | sistant Secretary, attest the same. and | that said officers do all acts and things | 1p fftI na .r 1 make said amendments effective IN WITNESS WHEREOF. have l hereunto set my hand and seal as | President of said corporation. and caused the same to be attested by the 1 Assistant Secretary of said corpora
 ton. and the corporate seal . be af- fixed, all on this 2Oth day of April, | 1911
 tSEAL) F. J. ROBSON,
 President Of Said Corporation. ] Attest:
 LESLIE C. HARDY.
 Assistant Secretary. CSEAL) Territory of Arizona, County of ! Pima, ss.
 1 Before me. Beppie Leslie, a Notary l Public in and for the said County of | Pima, Territory Of Arizona, this day ] personallyaDpeared Francis J. HObsOn, ! President of santa cruz and Sonora | Reduction Company. to me known | Co be such person, and known to me 1 tO be the President of the said Santa J Cruz x Sonora Reduction Company, | and acknowledged to me as such l 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
 i WITNESS my hand and seal of office | this goth day of April, A. n. 1911. My commission expires December g., ! 19l3
 1 (SEAL) BEPPIE LESLIE, Notary Public. STRENGTH IN NATURE.