Arizona republican., 1901-12-12

Title Twelve of an Act enacted by the Legislative Assembly If the Territory of Arizona and entitled: An Act to revise and codify the laws of Arizona and that we do hereby form such cor poration and do hereby become incor- porated under said laws as a corpora ton. and we do hereby adopt Articles of Incorporation, to-wit: this instru- ment and these Articles of Incorpora- ton hereinafter and hereinaboye set forth. and do hereby certify: FIRST: That the names of the cor pora tors are as follows: J. M. DUKE,
 CHAS. WEBB HOWARD. C. BRIER,
 EDWARD MILLS ADAMS and M. B. KELLOGG.
 SECOND: That the name of the cor poration is and shall be the "PRE- CIOUS METALS RECOVERY COM PANY"
 THIRD: That the said corporation's principal place of transacting business is the City of Phoenix. in the County of Maricopa, Territory of Arizona.
 FOURTH: That the general nature of the business proposed to be transact ed by the corporation Is the purchase by the corporation of and from c. T. Allen of all his rights under certain letters patent issued by the United
 States of America to the said c. T. Allen. numbered Six hundred and sev- enty- nine thousand one hundred | (67s.100). for that certain device cov- cred by said letters patent and as the same is described in said letters pat | ent. and the conduct of the business of ] manufacturing. handling. dealing in. 1 leasing and operating said device and
 machines therefor, and of selling rights under said letters patent or or dispoS- | ing of the same. and also to do and perform all other acts and things
 whatsoever requisite. necessary, con- | venient and proper in conducting car
 rying out and continuing any of the | purposes or business above-mentioned FIFTH: That the amount of capi- tai stock authorized is Ten thousand l (S10,oO0.00) Dollars. divided into shares | of the par value of One CS1.00) Dollar | each. and that the same shall be paid | in within three (3) months from the l date of the incorpora ton of said cor l poration. and that the conditions upon which the same is to be paid in are that ' the same may be called in by the Di-, rectors or Board of Directors of the 1 corporation. and that no certificates
 shall be issued until said capital is fully paid in, and that the corporation shall not commence the transaction of | business until the full amount of said
 capital stock is paid in.
 SIXTH: That the time of the com
 mencement of the corporation shall be as soon as the same Is organized accord ing to said laws, and that the ternina- | tion of said corporation shall be at the | end of twenty-five (25) years there
 after. and that the said corporation shall endure for twenty-five (25) years | immediately following said commence ment
 | SEVENTH: That the affairs of the corporation shall be conducted by q board to be called Board of Direct
 ors" and to consist of five (5) persons. and that the officers of the corporate
 in addition to said Board, shall be a
 President, Vice President. Secretary,
 Treasurer and General Manager. and
 that the said Directors, or Board of | Directors. shall be elected by the mem bers or stockholders annually on the same day and in the same month that 1 the commencement of the corporation begins. and that an other officers. ex- cept the Directors, shall be elected by
 the Board of Directors. to hold office
 during the pleasure of the Board. but
 not longer in each instance than the i term for which the Board is elected. EIGHTH: That the highest amount
 of indebtedness and liability. direct or
 contingent, to which the corporation is
 at any time to be subject, or is at any
 time to subject itself, is Five thousand | S5.O00.O0) Dollars.
 NINTH: That private property of
 the members or stockholders shall be
 exempt from liability for corporate debt.
 | TENTH: That the number of said Directors, or Board of Directors, shall
 be five (5).
 | ELEVENTH: That the corpora ton | elects to commence the transaction of
 business as soon as these articles of as-
 sociation are filed for record in the
 office of the County Recorder of said
 County of Maricopa and a certified
 copy thereof with the Secretary of the Territory and the full amount of said
 capital stock is paid in. | IN WITNESS WHEREOF. The said
 corporators have hereunto set their hands and seals and acknowledged these
 Articles of incorporation as deeds are required to be acknowledged by the laws
 of said Territory, all on this the 18th
 day of November A. D. 1901.
 J. NJ. DUKE. (Seal)
 CHAS WEBB HOWARD. (SeaI) 1 c. BRIER, (Seal)
 EDWARD MILLS ADAMS. (seal) 1 M. B. KELLOGG. (Seal.)
 In the presence off
 PELHAM W-AMES.
 A. T. MARVIN.
 l State of California, City and County of
 San Francisco, ss.
 Before me, Geo. T. Knox a Notary
 Public. in and for the said City and County of San Francisco, State of Cali
 fornia, duly commissioned and sworn
 and therein residing, at my office ir
 said City and County. on this day, per-
 sonally appeared J. M. DUKE. CHAS. WEBB HOWARD. c. BRIER. ED WARD MILLS ADAMS and NJ. E. KELLOGG respectively personally | known to me to be the respective per sons whose names are subscribed to the foregoing instrument or Articles of In- | corporation, and they severally duly ] ac1.tiI.ely.