Arizona republican., 1902-01-30
ARTICLES OF INCORPORATION
OF
THE GLADYS MINING AND IN
VESTMENT COMPANY.

Know All Men by These Presents:
That we, whose hands are hereunto
affixed, do hereby associate ourselves
together for the purpose of forming
corporation under the laws of the Ter
ritory of Arizona, and to that end
make the following statement:
First: That the names OF the corpo-
re tors are:
L. A. Read,
Earle Read,
H. Clay Read,
end the name of the corporation shall
lie the Gladys Mining and Investment
Company. The principal place IN
which the business of said corporation
Within the Territory of Arizona. is to
pe transacted is Phoenix, Marioopa
County, Arizona, and the principal
place of business of said corporation
outside the Territory of Arizona shall
be the City OF Big Springs, in the State
of. Texas, at which meetings of the
hoard of Directors may be held, and
the corporation may have such branch
offices either within or without the
TERRITORY of Arizona as may be estab-
lished by the Board of Directors.
Second: The general nature of the
business proposed to be transacted by
this corporate is as follows, to-wit:
To purchase. lease. bond, locate or
otherwise acquire. own, exchange. sell
OF otherwise dispose of. pledge, mort
gage. hypothecate and deal in real
estate and any and all kinds or per-
sunal property, mines, mining claims.
oil lands, mineral lands, oil. gas, as
pnaltum, asbestos, petroleum, water
and water rights and machinery, ana
to work mine, explore, operate anu
develop the same; to do a general real
estate fruit or stock raising, manu1ac-
turing and mercantile business; to own,
handle and control letters patent and
Inventions and shares, OF capital stock
of other corporations; to borrow money
end execute notes. bonds, mortgages
or deeds of trust to secure the same,
and to exercise in respect of all such
bonds, mortgages, notes, shares of cap
ital stock and other securities and obs
LEGATIONS any and all rights, powers
and privileges of individual owners
thereof, including the right to vote
,,uon any shares OF stock held by 1t to
the same extent that a natural person
might or could do; ana In general TO
do all things necessary to the proper
conduct of the business of this corpo-
ration in the Territory OF Arizona and
elsewhere, not inconsistent with the
laws of the United States and the Ter
ritory of Arizona
Third; The authorized amount of
capital stock of this corporation shall
he Five Million dollars (s5.0OO.0 O0.OO),
divided into Fifty Million t50.0Oo,ooo)
shares of the par value of ten OO)
cents each. At such time as the Board
of Directors may by resolution direct.
said capital stock shall be paid into
this corporation by the sale and trans
fer to it of real or personal
nd
poses of said corporation, in pay
r1.ent for which the total shares
of the capital stock of said corporation
shall be issued to the incorporators and
the capital stock so issued shall there
uron and thereby become and be fully
pnid up and non assessabfe, and in the
absence of actual fraud in the trans
action the Judgment of the Directors
as to the value of the property pur-
chased shall be conclusive; with the
distinct understanding and so stipu-
lated In deed, that one-half of the stock
80 transferred shall be and is recon
reyed to the Company as Treasury
stock; to be used by Company to the
interest of all concerned. Said deed to
b., made by H. Clay Read, in whose
name all the property was located.
Fourth: The time of the commence
,nent of this corporation shall be the
cate of the filing of these Articles of
Incorporation in the Office of the Sec
rotary of Arizona, and the termination
thereof shall be twenty-five years
thereafter.
Fifth: The affairs OF this corpora
ton shall be conducted by a Board OF
three Directors but may be increased
md the following named shall consti-
tute the Board of Directors until their
successors are elected:
L. A. Read. President and Treasurer,
Earle Reade,
H Clay Read, Manager and Secre-
tary.
Thereafter the Board of Directors
shall be elected from among the stock
holders as the bylaws OF the corpora
ton may provide.
Sixth The highest amount of in
Indebtedness or liability, direct or con-
t!ngent. to which this corporation is at
any time subject shall be Five Thou
sand dollars (s5 100000. This subject
to change or the pleasure of the Di-
Iectory.
Seventh: The private property of the
stockholders of this corporation shall
be exempt from corporate debts of any
kind whatsoever.
Eighth attached.
Eighth: The purposes and intentions
of the organization or this Company
and this application for Charter is tc
make a legitimate investment ant
profit to all shareholders, and to man
age and operate the affairs Of the same
fn an honest, Ineligible, equitabl:
Kramer; to sell it's treasury stock tr
whom 1t may desire, and in any State
or Territory desired, looking to the in
tereA of all stockholders in the Com
paIy alike; paying no salary to any o.
IT'S officers, except those in actua
service.
In Witness Whereof. we have here
Unto set our hands and seals this 1Stl