Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1902-01-26
ARTICLES OF INCORPORATION
OF F-s-.--s7-f-- y.
THE GLADYS MINING AND IN
VESTMENT COMPANY.

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-
rators are:
Ii A. Read,
Earle Read,
H. Clay Read.
end the name of the corporation shall
ht the Gladys Mining and Investment
Company. The principal place in
which the business of said corporation
Within the Territory of Arizona is to
Dc transacted is Phoenix, Maricopa
County, Arizona. and the principal
place of business of said corporation
outside the Territory of Arizona shall
be the City o; Big Springs, in the State
of Texas. at which meetings of the
Board of Directors may be held, and
the corporal ton 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 corporation is as follows, to-wit:
To purchase. lease, bond, locate or
otherwise acquire, own, exchange, sell
or otherwise dispose of, pledge. mort
gage. hypothecate and deal in real
estate and any and all kinds of per-
oil lands, mineral lands, OIL gas, as
phaltum, asbestos, petroleum, water
ana water rights and machinery, and
To work, mine, explore, operate and
develop the same; to do n general real
estate, fruit or stock raising, manufac
turing and mercantile business: to own.
handle and control letters patent and
Inventions and shares OF capital stock
of other corporations; to borrow money
or deeds of trust to secure the same,
and to exercise in respect of all such
bonds, mort ga ges, notes, shares of cap
ital stock and other securities and OBJ
legations any and all rights, powers
and privileges of individual owners
thereof, including the right to vote
upon any shares OF stock held by it to
the same extent that a natural person
might or could do: and 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
CO pital stock of this corporal ion shall
be Five Million dollars (s5. OO0, OOO.OO).
divided into Fifty Million C5o,00O.0 o0)
shares of the par value of ten Q0)
cents eaCn. AT SuCn time as IHG
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
property for the uses and pur-
poses of said corporation, in pay
rent 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
upon and thereby become and be fully
raid up and non assessabie. and in the
absence of actual fraud in the trans
action the judgment of the Directors
AZ 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
SO 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
be made by H. Clay Read, in whose
name all the property was located.
Fourth: The time of the commence
Inent of this corporations snail be the
date 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 De increased
and the following named shall consti-
tute the Board of Directors until their
successors are elected:
81. y. 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 or the corpora
ton may provide.
Sixth: The highest amount of in
Indebtedness or liability, direct or con-
tineent. to which this corporation is at
any time subject shall be Five Thou
sand dollars Use, 100000. This subject
to chanse-ar-thes pleasure of the Di-
rectory.
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 of this Company,
and this application for Charter, is to
make a legitimate investment and
profit to all shareholders, and to man
age and operate the affairs of the same,
IN an honest. ineligible. equitable
manner; to sell its treasury stock to
whom it may desire, and in any STATE
or Territory desired. looking to the in
terest of all stockholders in the Com
paIy alike; paying no salary to any of
IT'S officers, except those in actual
service.
In Witness Whereof we have here
unto set our hands and seals this 18th
day of Jan, 1902.
L. A. READ. (Sean
EARLE READ. (SeaD
II. CLAY READ. (SeaD
State of Texas, County of Harvard, IS
nm this 18th dav of January in the