Graham guardian., 1915-09-10
Articles of Incorporation
of
SANCHEZ COPPER COR
PORATION

fOKAllON
l. The names of the incOrporatOrs
and their post office addresses are as
follows, to-wit:
John c, Freeman, SO East 92nd Street,
Manhattan, New York City.
Walter W. Russell, 13I East Saith
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 ArizQna will be in SaffQ,d,
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.
d. The general nature of the busi-
ness proposed to be transacted is as fol-
lows, to-wit:
70 make contracts, to pure hase, 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, smolters 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 sci
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
eenses for the pse Of said processes, tC
construct and maintain trails, Wagon
roads, tramways, turnplkes and canals
such as may lead from It's principa
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 itsel
and for others, and in general to do al
things necessary to the proper cOnduc
of the business of mining, and all Incl
dental businesses not Inconsistent will
the laws of the State of Arizona.
5. The amount of capita stock auth
prized and the time when and the cOndi
tion upon WHICH it is to be paid in ar,
as follows, tQ-Witl
Four million two hundred and tift,
thousand dollars ($4, $50, ,000) DIVIDED
into shares of the par value of Fiv,
dollars ($5) each; shares representing
Four million dollars GA, 900, ,0O0) pa
value shall be common and shares re
presenting Two hundred and fifty thous
and dollars $3.50, 0O0) par value shal
be preferred.
The holders of preferred stock shal
be entitled when actually declared b!
the Board of Directors, to preferen
tial, non-cumulative, dividends at thu
rate of but never exceeding six pc
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 I
preferential payment of an amour
equal but not exceeding the par valu,
of said stock from the net assets of tht
corporation after the payment of all O
its obligations, before any payment il
made to the holders of common stock
Nothing herein contained however shal
be deemed to entitle the holders o
preferred stock to any dividend eX
cepting when actually declared by tn,
Board of Directors, and the Board o
Directors shall have power to accumu
late such surplus in such amounts anC
for the purpose AZ they may deem best
including the purpose of retirement .
preferred stock before the declaration
of dividends thereon.
The holders of preferred stock shal
! not Ol entitled " vote therton ap,