Arizona republican., 1899-04-13

Legislative Assembly thereof, eutlIAeu
IAN 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 tie
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 filing these articles
of incorporation in the office of the
County Recorder of the said County OF
Maricopa. and the termination thereof
shall be twenty-five (25J years there
after.
II.
That the purposes for which it is
formed are for TIE 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 meritoriOus mining property,
and to improve and develop the same,
to an extent that will invite investiga-
tiCn and produce sale of such prop
critics to investors, with the desire and
tba If hi
of selling no property to any one,
which is not meritoricGls, 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 Of this
corporation shall be Twenty-Five
Thousand Dollars. divided into One
Thousand Q,0OO) 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.
"
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
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,
1900, and until their successors are
duly elected and qualified. to-wit:
William Christy James G.. Granville,
B. A. Fickas, T. E. Dalton, ]. c. Ad-
ans, D. NJ Purman and J. G.
Evans. Any person ceasing to be q
stOcktholder shall cease to be q director
and vacancies in the beard of directors
shall be flled by the remaining mem
bers of the board.
hmm ediately, 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
ma 1oT1 10 n
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 d
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.
The officers of this corporation shall
consist of president, vice-president.
secretary and treasurer, to be chosen
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-
alton shall have power to establish
bylaws and make all rules and regu-
lations deemed exped:ent for the man
agement of the affairs of this corpora
ton, and ths 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 corpor-
alton, and to give stockholders of the
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.