The border vidette., 1911-11-11
ARTICLES OF INCORPORATION
 OF ARIZONA SONORA MINES COMPANY ,

KNOW ALL MEN BY THESE PRE- SENTS that we, the undersigned, with view to forming corporation under the laws of Arizona, do hereby make. publish, and declare our Articles of Incorporation in words and manner following. to-wit,-
 I-The 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 A rizona shall be Nogales, but the cor poration shall keep principal office and place of business at New York, New York. k
 W-rhe business of the corporation, in it's general nature, shall be mining, which shall include the acq quiSitlon, development, operation, and sale, Tn any manner whatsoever, W of mines and mining prospects of any kind; the ac- 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 tions; the guaranteeing Ot the bonds Of other corporations; and the doing Of 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.
 V-The amount of the capital stock of the corporation shall be Two Million Dollars, divided into two hundred Ten Dollars each; and the said two hundred thousand shares shall be further divided into fifty thousand Preferred and one hund red 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 a cumul- ative preferential dividend of six per centum per annum, payable semi-an- nuslly on the fifteenth of January and fifteenth of July of each year, and shall. furthermore, be entitled to par shares in all other dividends. And, for the purpose of assuring the per manency of the preferential dividends. dividend paying securities; of mining companies approved by the board of directors of the corporation, purchased and owned by the corporation or te be purchased and owned by the corpora tion, 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 nd minis 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 aggre- gate securities thus segregated shall net in dividends at least eight per centum per Rnnum 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 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 divid ends. the corporation shall not be obligated to mak further transfer on account of the same shares, and 8 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 previously eX- isting shall have diminished or incress- ed and such lot of shares shall partici- pate in the trust fund on a common and equal basis with the shares previously issued.