Arizona republican., 1899-04-12
ARTICLES OF INCORPORATION
of the
ARIZONA PROSPECTING. MINING
AND DEVELOPMENT COMPANY.

of the
ARIZONA PROSPECTING. MINING
AND DEVELOPMENT COMPANY.
We. William Christy James G.
Granville. B. 4. 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
''An 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 Of incorporation, in
triplicate, and certify and declare:
mat the name OF said corporation IL
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 fling 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.
That the purposes for which it is
formed are for the exploring of the
mineral resources of Arizona, and pros
IL he
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 neritorious mining property,
and to improve and develop the same,
to an extent that Mill invite investiga-
tiCn and produce sale of such prop
critics to investors, with the dssire and
purpose on the part of this corporation.
of selling no property to any one,
which is not meritoricCls, 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 CT the stockholders
of this corporation.
corporation shall be twenty-five
Thousand Dollars. divided into One
Thousand Q,OO0) shares of the par
value Of twenty-five (25) dollars
eacn, 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 fer, is the sum
of Fifteen Thousand (s15,00O) 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
rUally 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,
1900, and until their successors are
duly elected and qualified, to-wit:
William Christy, James c.. Granville,
B. A. Fickas, r E. Dalton, J. C. Ad-
ans, D. NJ Purman and J. G..
Evans. Any person ceasing to be a
stockholder shall cease to be a director
and vacancies in the beard of directors
shall be fllsd by the remaining mem
bers of the board.
lmme Giately, 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, the par
ties named herein to serve as directors
until the third Tuesday in January,
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 of directors, and of the
stockholders. A majority of said di-
rectors shall be a quorum, and any
meeting of said board at which a
quorum is present shall be deemed a
regular meeting, and have the same
authority as a 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 president, vice-president.
70 l,O
from 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-
atiOn shall have rlnWers 10 esta hlish