The border vidette., 1911-10-28
ARTICLES OF INCORPORATION ARIZONA. SONORA MINES COMPANY :

KNOW ALL MGN BY THESE PRE- SENTS that we, the Undersigned, with q view to f'rming a )rporation under the laws of Arzpna, do hereby make. publish, and declare our Articles Of Incorporation in words and manner following, to-wit,-
 I-The inc operators are Elgin B. Holt. of Magdalena, Sonora. Mexico, and Lawton B. Garside, of New York, New York.
 1.-The name of the corporation shall be "ARIZONA SONORA MINES COMPANY"
 NH-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.
 N-The 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 &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 tions; the guaranteeing of the bonds of other corporations; and the doing ot any and all things and transaction of
 
 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 thousand shares having a 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.
 V-The Preferred shares of the cor poration shall be preferred as to prin cipaI and shall be entitled to cumul- ative preferential dividend of six per centum per aDnum, payable semi-an- nually ca the fifteenth of January and 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. dividend paying securities of mining companies approved by the board of 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 from the other holdings of the corporation and transferred to an independent trust '" 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 annum upon the par amount of the Preferred shares issued, and surplusage of income after payment of 6C ho11 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 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 tot of shares shall partici- pate in the trust fund on common and equal OaSlS with the snareS 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 i shareholders, and the procee eds shall be applica ble to the payment of the pre- | ferential dividends regardless of whe- ther the general operations of the cor poration show profit or a 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- 1 clusion of any and all creditor of the 1 and of the holders of the shares.
 VII-The capital stock of the corpor- ation, made up aforesaid, shall be paid for at such time and in such man.