The Arizona sentinel., 1896-04-25

Frederick Homer, A. w. Poole, Edward Dexter and Frank M. Phelps, desiring to incorporate ourselves under the laws of the Territory of Arizona, for the purpose of engaging in the business hereinafter speci- fis do make, sign, adopt, acknowledge and publish these Articles of Incorporation.
 ARTICLEI..
 The names ofthe persons hereby associat- ing themselves together for the purpose aforesaid are Casper M. Sanger, Frederick Homer, A. w. Poole, Edward Dexter and Frank NJ. Phelps.
 The name of the corporation hereby form ed is the NORTH AMERICAN INTER- COMPANY.
 The principal place for the transaction of its business shall be in Yuma, in the Coun- ty of Yuma, Territory of Arizona, with an executive business, branch and transfer office at San Francisco, State of California; with transfer office at Chicago, State of Illinois, and business and tranfer office in the City of New York, State of New York; and that the Board of Directors may hold regular and special meetings in said City of San Francisco, and, with the unanimous consent of the Board of Directors, may hold regular and special meetings of said Board l in the City of New York; with the further privilege of acquiring mines, real and per sonal property, erecting and maintaining it's plants, and transacting its business, and operating hitter mines in any part of the United States; and dealing in hitter and the products and by-products thereof as stated in this,' and III Article II hereof,
 ARTICLE II.
 The general nature of the business pro posed to be transacted by this corporation is to eugagein a general mining business for inter- in the various States and Terri tories of the United States, and to deal in, refine and sell niter, and all it's products and by-products, and to acquire, sell, lease and improve hitter mining claims, real and personal property, water and water rights, and to erect, construct, purchase, operate, sell and lease all machinery, mills, works, and plants, necessary and requisite for the mining and refining, transpOrtating and selling of hitter, and all its products and by l and to sell shares, ofstOck in other corpora tions. To have perpetual succession; to sue and be sued by its corporate name; to have common seal, and alter the same at pleasure; to prescribe themode of making transfers of shares, or interests fits stock holders; to make contracts to acquire and transfer property: possessing the same powers in such respects as private indivi- duals now enjoy; to establish bylaws, and make all rules and regulations deemed ex- pedient for the management of its affairs, notinconsistent with the constitution and laws of the United States and of the Terri tory of Arizona, as provided by section 233 of Revised Statutes of Arizona.
 ARTICLE III.
 The amount of the Cap1tal-Stock of the corporation shall be ten million Q0,000,0 ,000) dollars, divided into one hundred thousand QOO,O0O) shares of the par value of one hundred 1O0) dollars each, and shall be non-assessable, and be issued as fully paid up, and the several incorporators hereof each do hereby subscribe to one share each of stock respectively.
 ARTICLE ".
 The time of the commencement of this eorporation shall be the date of the filing ot the office of the County Recorder of the County of Yuma, Ter ritory of Arizona, and the termination thereof shall be twenty-five years there after, with the power to renew the period of extension not greater than twenty-five years upon the vote ot three -fourths of the capital stock at any regular meeting called and held for that purpose.
 ARTICLE V.
 The affairs of this corporation shall be managed and conducted by, and shall bt vested in a Board of Directors consisting 0 five persons. to be elected by and from the stockholders of this corporation on the frs Monday of February in each and every year, at a meeting of this corporation to b( held at Yuma, Yuma County, Arizona provided the following named stockholders shall serve as the Board of Directors unti the regular election in February, 1897, and until their successors are elected and quail fled, viz: Casper NJ. Sanger, Frederick Homer, A. ". Poole Edward Dexter. anC Frank M. Phelps, and, provided further : that in the event of vacancy in the BoarC of Directors before any annual meeting said vacancy may be filled by majority O the remaining members of the Board O Directors then in office. And it is furthu provided that three members of the BoarC of Directors shall constitute quorum fo the transaction of business, and that anl meeting of the Board of Directors at whicI three Directors, or more, shall be present shall be a legal meeting either with O l without notice to themselves, or the othe members.
 ARTICLE VI.
 l. The highest indebtedness, direct or in direct, to which this corporation shall a any tine be subject, shall not exceed bond ed indebtedness of three hundred thousant t(300 0O0) dollars, and floating indebtedness of two hundred thousand (200,00O) dollars
 ARTICLE VII.
 The private property of the stockholder f shall be exempt from the debts of this cor H poration, and no individual liability c stockholders shall exist for corporate debts
 ARTICLE VIII.
 The Board of Directors shall have powe to establish bylaws, name and designat the officers of the company, and make a necessary rules and regulations as may by them deemed expedient for the manage ment of this corporation, not inconsister with the laws of the United States, and tn z .