Arizona republican., 1899-04-11

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The Arizona Prospecting, Mining and
Development Company. That the
place where its 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 fling these articles
of incorporation in the office Of the
County Recorder of the said County CT
MaricoDa. and the termination thereof
shall be twenty-five (25J years there
after
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 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 ob5ain
title TO me-itOri0uS 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 meritoriE.1s, and 60 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.
The authorized capital stock CT this
corporation shall be twenty-five
Thousand Dollars, divided into One
Thousand C1,000) shares of the par
value of Twenty-Five (25) dollars
eacn, and the time when, and the con-
ditiors upon which it is 10 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 fer. 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.
The affairs Of dhis 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 stockhOlder
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,
duly elected and qualified. to-wit:
William Christy James G. Granville,
B. a, Fickas. T. E. Dalton, J. C. Adj
ANS, D. NJ Purman and j G.
Evans. Any person ceasing to be a
stoclholder shall cease to be a director
and vacancies in the beard of directors
shall be ill5d by the remaining mem
bers Of the board.
hmm diately or as soon as practi-
cable, after the filing of these articles
in the office of the county recorder of
the said county of Maricopa, tae par
ties named herein to serve as directors
1 y
1900, and until their successors are
duly elected and qualified, shall meet
and organize as a board of directors.
adopt bylaws and prescribe in said by
laws the method of calling meetings of
the board CT directors, and Of the
stockholders. A majority of said di-
rectOrs shall be a quorum, and any
meeting of said board at which
quorum is present shall be deemed
regular meeting, and have the same
authority as full board. Each share
OF stock, at a stockholders meeting
shall have one vote, when represented
either by owner or his proxy.
VII.
The officers of this corporation shall
consist Of a president, vice-president.
secretary and treasurer, to be chosen
frcm among the board Of directors, and
the officers of the board Of directors
shall be the officers of this corporation.
VIII.
The board of directors OF this corpor-
alton shall have power to establish
bylaws, and make all rules and regu-
latiOns deemed expedient for the man
agement of the affairs of this corpora
tiCn. and dis officers thereof, and to
conduct the business and to employ
such persons as they. in their judg-
ment, may deem necessary for the bus
mess good and welfare of the ccrpor-
alton, and to give stockholders of tht
corporation, in such employment, the
preference, and all such acts to be con-
sistent with the laws of the United
States and the laws Of this territory.
TX
These articles nay Is Amended at