Arizona state miner. [volume] (Wickenburg, Ariz.) 1919-1927, 1927-04-30
ARTICLES OF INCORPORATION


BUTTE MINES MERGER CORPORATION
BE 1T KNOWN, That we, the under
signed, residents of Butte Silver Bow
County. State of Montana. do hereby asso-
poration under the Laws of the State of
Arizona, and adopt the following Articles
of Incorporation:
Article l. The name of the corporation
is BUTTE MINES MERGER CORPORA
TON, and its principal place of transact
ing business in Arizona is Phoenix. Of
flces may be established. business transact
ed and meetings of stockholders and di-
rectors held at such places within or out
side of Arizona as the Bylaws of the
Company shall provide.
Article H. The general nature of the
business proposed to be transacted is to
make contracts to purchase, lease, OPP
ton. locate. or otherwise acquire, own,
exchange. sell. or otherwise dispose of.
mines, mining claims. mineral lands, coal
hands. oil lands, timber lands, clay lands,
water and water rights. and other
property. both real and personal. and
to work. explores. operate and develop
the same, and to deal in the products and
by-products thereof; to purchase, lease, or
sell smelling and other ore reduction
works, oil refineries, sawmills, clay works,
power plants, railroads and tramways to
lead from the company's principal works
camille business: to own handle and control
letters patent and inventions; to own,
cancel and reissue shares of its own CAPT.
tai stock and to own and vote the shares
of other corporations; to issue bonds,
notes and other evidences of indebtedness
and to secure the payment of the same
by mortgage, deed of trust or otherwise /;
to act as agent, trustee, broker, or in
any other fiduciary capacity, and to bor-
row and loan money; and In general to
do and perform such acts and things and
transact such business, not inconsistent
with law. in any part of the world, as
the Board of Directors may deem to the
advantage ,f Of the IT, tho u+bor
lied Capital Stock of the Corporation is
Three Million Dollars ($3,Ooo,ooo. di-
vided into three million shares of the par
shall be paid in. at such time as the
Board Of Directors may designate, IN cash,
real or personal property, services. lease,
thing or right, for the uses and purposes
of the corporation, and all shares of Capt.
tai Stock when issued in exchange there
and be full paid the same as though paid
for in cash at par, and shall be nom
assessable forever, and the judgment of
the Directors as to the value of any prop
erty, right thing acquired in exchange
for Capital Stock shall be conclusive. OF
said Capital Stock two hundred thousand
(20o,ooo) shares shall be preferred stock;
and two million eight hundred thousand
(2,800,000) shares shall be common stock.
The holders of said preferred stock shall be
entitled to receive during each fiscal year
preferential cumulative dividends at the
rate of six per centum (6@6) per annum.
payable as the bylaws may from time to
time provide. From and after the date OF
issue. the dividends said preferred stock
shall be cumulative, that, if in any
year dividends amounting to six per
centum (6%o) per annum shall not be paid
on SAID preferred stock the efficiency shall
be charge upon the net earnings of the
corporation until paid; but the board OF OF
directors may provide at the time Of is
sue of any preferred stock that the divi-
dends thereon shall be cumulative only
frem. the time of such issue; The holders
of the preferred stock shall, IN case of
liquidation or dissolution Of the corporation
be EMIT ed to be paid in full the par value
Of their preferred shares, and the dlvi-
dends accumulated and unpaid. there on,
before any amount shall be paid to the
holders of the common stock. The holders
of preferred stock shall have no voting
powers whatsoever. nor shall they be en-
titled to notice of any meeting OF the
stockholders of the corporation. Said pre-
ferred stock shall be subject to, redemp,,
accumulated dividends thereon at any time