Graham guardian., 1915-09-24
Articles of Incorporation
of
SANCHEZ COPPER COR.
PORATION

! Jonl " + freeman, % East SEnu SCfeet
Manhattan, New York City.
Walter W. Russell, l3l East 84tt
Street, Manhattan, New York City.
Adolph Rado, II Woodland Avenue
Summit, New Jersey.
2. The name of the corporation is
SANCHEZ COPPER CORPORATION.
3. Its principal place of transacting
business in Arizona will be in Stafford
Graham County, Arizona, and the cor.
poration may have such other Offices
either within or without the State of
Arizona as may be established by the
Board of Directors at which offices
meetings of the Board of Directors
and of stockholders and other meetings
may be held, excepting as otherwise
provided by the laws of the State of
Arizona.
a. The general nature of the bust
ness proposed to be transacted is as fol-
lows, to-wit:
To make contracts, to purchase, lease,
bond; locate, and otherwise acquire,
own, exchange, sell and otherwise dis
pose of, pledge, mortgage, hypothecate
and deal in real estate, mines, mining
claims, oil lands, mineral lands, oil, gas
asphaltum, petroleum, asbestos, salt,
lime, coal, water and water rights, and
any and all kinds of personal property
and merchandise, including its own
stock and the stock, bonds and other
obligations of other corporations, and
while the owner thereof to exercise all
the rights and privileges of ownership,
including the right to vote thereon, and
to own, mortgage, lease, release, sell
and convey and to work and operate
any and all kinds of mills, smelters and
plants for the reduction of ores and
metals, or metal bearing quartz, rocks,
earth, gravel and other minerals and
the extraction of metals and minerals
therefrom, and to operate any and all
mines, mining claims, oil lands and
other properties of any kind and nature,
owned, leased or possessed by said cor
poration, and to purchase, use and sell
patents, patent rights and processes
for the reduction of ores and extraction
of minerals and metals, or for any other
purpose, and to receive and grant IL
censes for the use of said processes, to
construct and maintain trails, wagon
roads, tramways, turnpikes and canals,
such as may lead from its principal
works or place of business to some
navigable stream, or to some existing
railroad, turnpike or public highway,
and to do all of the foregoing for itself
and for others, and in general to do all
things necessary to the proper conduct
of the BUSINESS of mining, and all Incl
dental businesses not inconsistent with
the laws of the State of Arizona.
5. The amount of capital stock auth
orized and the time when and the condi-
tion upon which it is to be paid in are
as follows, to-wit:
Four million two hundred and fifty
thousand dollars GA, $780, ,OOO) divided
into shares of the par value of Five
dollars ($5) each; shares representing
Four million dollars ga, 200, ,0OO) par
value shall be common and shares re-
presenting Two hundred and fifty thous-
and dollars ($250,0 0OO par value shall
be preferred.
The holders of preferred stock shall
be entitled when actually declared by
the Board of Directors, to preferen-
tial, non-cumulative, dividends at the
rate of but never exceeding six per
cent (6 per cent? per annum, before
any dividend is declared upon the COM
mon stock, and are further entitled
upon dissolution of the corporation to a
preferential payment of an amount
equal but not exceeding the par value
of said stock from the net assets of the
corporation after the payment of all of
its obligations, before any payment is
made to the holders of common stock.
Nothing herein contained however shall
be deemed to entitle the holders of
preferred stock to any dividend eX-
cepting when actually declared by the
Board of Directors, and the Board of
Directors shall have power to accumu-
late such surplus in such amounts and
for the purpose as they may deem best,
including the purpose of retirement of
preferred stock before the declaration
of dividends thereon.
The holders of preferred stock shall
not be entitled to vote thereon any
stockholders meeting excepting as
otherwise provided by law.
The holders of preferred stock shall
have the privilege at any time prior to
January 1st, 1918, of surrendering the
same to the corporation who shall
thereupon issue in exchange therefor
common stock of an equal par value.
The corporation shall have the right
at any time after January lst, 1918, to
purchase at II per cent of the par value
thereof. from its surplus and retire into
its treasury, any and all preferred
stock, the shares so to be retired to be
determined by the Board of Directors
by lot