Arizona republican., 1899-04-10

ARTICLES OF INCORPORATION
of the
ARIZONA PROSPECTING. MINING
AND DEVELOPMENT COMP ANY.
We, William Christy. James G.
Granville b A Fickas, t. B. Dalton,
J. C. Adams, d. NJ Purman. j. U.
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
s.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 VITA |
law. these articles CT incorporation, III |
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 Marlcopa' ana
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 thereon
shall be twenty-five (25J 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 le-
ultimate way, the mining business CT
Arizona by prudent and buslness-l1ke
methods, and to seek for. and acquire
by location, purchase, lease, bond Cur
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 meritori-5ls, and 10 hold,
manage, control, dispose of, sell and
convey any or all such properties, as
any individual citizen might or coTld
do, for the benefit Of the stockholders
of this corporation.
| The authorized capital stock OF this
corporation shall be twenty-five
| Thousand Dollars. divided into One
Thousand 1.00O) 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 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.
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 eligiblsi to the office
OF director unless he is StOckhOlder
in this corporation.
Tine 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 thsir successors are
| duly elected and qualified, to-wit:
William Christy, James G. Granville,
B. A. Fickas. T. e. Dalton, J. C. Ad-
4 ans, D. M Purlnan and ]. G..
Evans. Any person ceasing to be 4
stOchholde- shall cease to be director
and vacancies in the BEARD of directors
shall be illsd by the remaining mem
bers of the board.
Immediately, 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
tisS 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 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
T quorum is present shall be deemed a
F regular meeting, and have tine 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,
secretary and treasurer, to be chosen
: frcgm 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-