Arizona republican., 1899-04-14
ARTICLES OF INCORPORATION
of the
ARIZONA PROSPECTING, MINING
AND DEVELOPMENT COM? ANY.

ARIZONA PROSPECTING, MINING
AND DEVELOPMENT COMPANY.
We. William Christy, James G.
Granville, B. A Fickas, T. E. Dalton,
J. C. Adams, D. M. Purman, j. G..
Evans, have this day associated our
selves together for the purpose OF
forming a corporation under the pro
visions of the laws of the Territory of
Arizona. and especially an Act of the
Legislative Assembly thereof, entitled
can Act Concerning Corporations, ap-
proved March 8, 1887, for the purpose
of engaging in and carrying on the
lawful business pursuits hereinafter
named and specified:
And we do hereby make, subscribe,
and acknowledge in accordance with
law. these articles CT incorporation, in
triplicate, and certify and declare:
mat the name of said corporation Is
The Arizona Prospecting, Mining and
Development Company. That THE
place where it's principal business is to
be transacted, shall be the City Of
Phoenix, County of Maricopa, and
Territory of Arizona, and the time of
the commencement of this corporation
shall be the day of filing these articles
of incorporation in the office of the
County Recorder of the said County CT
Maricopa, and the termination thereof
shall be twenty-five (25) years there
after
II.
That the purposes for which it is
formed are for the exploring of the
mineral resources of Arizona. and pros
pecting for mineral deposits, and the
development and promoting in a le
Ultimate way, the mining business of
Arizona by prudent and business-like
methods, and to seek for, and acquire
by location. purchase, lease, bond CIR
other lawful contract, and to obtain
title to me-itoriOus mining property,
and to improve and develop the same,
to an extent that will invite inveStiga-
tiCn and produce a sale of such prop
critics to investors, with the desire and
purpose on the part Of this corporation.
of selling no property to any one,
which is not meritoricrls. and to hold,
manage, control, dispose of, sell and
convey, any or all such properties, as
any individual citizen might or could
do, for the benefit of the stockholders
of this corporation.
III.
The authorized capital stock CT this
corporation shall be Twenty-Five
Thousand Dollars. divided into One
Thousand 10000 shares of the par
value of Twenty-Five (25) dollars
each, and the time when, and the con-
ditions upon which it is to be paid,
are as follows, to-wit: The whole
thereof, Immediately upon making
subscription therefor. and the said
stock shall be fully paid for before is
sued, and worcestershire thereafter
The highest amount of Indebtedness
to which this corporation is to subject
itself. or become liable for. is the sum
of Fifteen Thousand ($15,000) Dollars.
V.
The stockholders of this corporation,
and their private property shall be
exempt from the corporate debts of
this corporation.
VI.
The affairs OF this corporation are
to be, and they shall be conducted by a
board of directors, consisting of seven
Cd persons, who shall be elected an
nually by the stockholders from
among their number, at such time, and
in such manner, as shall be prescribed
by, the bylaws of this corporation, and
no person shall be eligible to the office
Of director unless he is a stakeholder
in this corporation.
The following named persons, who
are subscribers to the capital stock OF
this corporation, shall constitute the
board of directors of this corporation
until the third Tuesday in January.
1900, and until their successors are
duly elected and qualified, to-Rit:
William Christy, James G. Granville, |
A. Fickas, T. E. Dalton, j. c. Ad-
Inns, d. NJ Purman and J. G. |
Evans. Any person ceasing to be al
stockholder shall cease to be director |
Ind vacancies in the beard of directors |
shall be fllSd by the remaining mem
]ers of the board
Immediately, or as soon as practi- |
;able, after the filing of these articles |
n the Office of the county recorder of |
he said county of Maricopa, the par
ies named herein to serve as directors |
until the third Tuesday in January, |
300, and until their successors are |
July elected and qualified, shall meet
md organize as board of directors.
-dopt bylaws and prescribe in said by
avs the method of calling meetings of |
he board of directors, and of the !
stockholders. A majority of said di-
ectors shall be a quorum, and any
meeting of said board at which a
Quorum is present shall be deemed a
egu.ar meeting, and have the same
as a full board. Each share
It stock, at a stockholders meeting,
nall have one vote, when represented
1ther by owner or his proxy.
VII.
The officers of tbic oor1o,o +;o,, cbo1i |