Bisbee daily review., 1917-05-19

issue and delivery of the capital stock, bonds or other obligations of the Company, or of any other corpo- ration.
 (c) In so far as not inconsistent with the other provisions of this cer- tificate. to acquire from time to time, in exchange for the shares of the capital stock of the Company. as the same may at any time now or here after exist. such property or shares of the capital stock of any other cor poration or corporations as the board of directors shall deem of advantage to the Company. at such valuation as in the judgment of said board shall be fair and just.
 (d) To purchase. retire. redeem. hold. reissue. and otherwise dispose of the shares of stock. bonds or other obligations of the Company in such amounts and in such manner and upon such terms as the board of directors may deem expedient, except as herein otherwise expressly provided and in so far as may be permitted by law
 (e) To acquire. purchase, hold. use sell. assign. lease. mortgage, or otherwise dispose of or turn to ac- count letters patent of the United States. or of any foreign country, in- venfions. patents. patent rights. lie enses and privileges, improvements. trademarks and trade names. or pend ing applications therefor. or connected herewith. covering in whole or in mart any and all articles manufactur- lsting to. or useful in connection with any business that may at any time be carried on by the Company.
 ff) To make. accept. endorse, ex- eHhlte and issue promissory notes. bills of exchange. bonds. debentures and other obligstions. from time to time for the purchase of property or for any purpose in or about the bus mess of the Company. and to secure the pavment of any such obligation hv morteaee. pledge. deed of trust, or otherwise.
 fgl To do any or all the things harein set forth. and such other things as are incidental or condu- cive to the attainment of the above nhiects to the same extent as nat nral persons might or could do. and 'n any mart of the world. in so far as the same are not inconsistent with the nrovisions nf said Business Cor norations Law"
 Tho nurnoses and powers specified in any clause contained in this Third A. II expressed in said Article. he in mo- wise limited ar restricted nv refer once 10 or inference from the terms nf any other clause of this or any ether Article of this certificate. but the purposes and bowers specified in aarh of the clauses of this Article shall be regarded as independent pur- noses and mowers.
 Nothing in this certificate contain nd shall. however. authorize the Com nanv 10 conduct any business other than mercantile or a manufactur- 'no husiness
 Fourth-The amount of the total anthorized canital stock shall be s10.- onO. divided into 100 shares of the nar value of s100 each. of which s5- nn0 consisting of 30 shares of s100 each shall he seven per cent. cumu- 7ative nrefarred stock and the re- meining s5.O00. consisting of 50 shares of s100 each shall he common stock The amount Of capital with which the corporation will commence business is s2 GOO.
 Gal From time to time all said seven per cent cumulative preferred stock and all said common stock may be issued in such amounts and for such purposes as shall he determined bv the board of directors and as may he permitted hv law.
 fbl Tho holders of the preferred stock shall he entitled to rereice. and the Company shall he obligated to nay. but only out of the surplus pro- fits of the Comnanv. cumulated divi- dends at the rate of seven per cen tur ner annum. and uo more. Davable ouarter-yearlv on the first days of April. July. October and January in each year. the first uuarter-yearlv dividend being payable on April l. 1912. before any dividends shall be paid upon or set anart for the con- mon stock. The dividends on the preferred stock shall be cumulative from and after January 1. 1912.
 Gel The whole or any part of the preferred stock may be redeemed at any time. at the option of the board of directors. upon three months pre- vious written or published notice to the holders of record thereof. given in such manner as may be prescribed by resolution of said board. by pay ing therefor in cash s125 per share and all unpaid accrued dividends thereon at the date fixed for such If at any time the board of directors shall determine to re- deem less than the whole amount of preferred stock then outstanding. the particular stock to be so redeemed shall in each instance be determined by lot fin such manner as the board of directors shall prescribe.
 (d) On or before the first day of July. 1913. and on the first day of July in each and every year there after (until all preferred stock shall have been redeemed) there shall be set apart and credited to Special Sur 1 plus Account"out of the surplus profits | of the Company after all cumulated | and defaulted dividends upon said 1 preferred stock shall have been paid. | or set apart, an amount equal to at |