The Coconino sun., 1902-08-23
ARTICLES OF IncORPoRATIOM
EXCELSIOR GOLD AND COPPER
 MINING COMPANY.

associate ourselves together for the purpose of forming corporation under the laws of the Territory of Arizona, and for that purpose do make, sign and acknowledge, according to law, and adopt the following articles of incorpors- tion:
 ARTICLE
 The names of the incorporators are Joseph Dent. Thomas Saver, Gustave Mudersbach and A. E. Douglass.
 ARTICLE II.
 The name of this corporation shall be Excel sior Gold and Copper Mining Company" and it's principal place of transacting business shall be in the town of Flagstaff. county of Coconino, territory of Arizona, with branch ofices at such place or places as may be hereafter estab- lished by the Board of Directors.
 ARTICLE III.
 The general nature of the business proposed to be transacted by the said corporation is Q general mining, milling, smelling and reduction business; the buying, selling, leasing, bonding and working of mines ores and bullion: the building of roads and tramways; the building, operating or leasing of railway, telegraph and telephone lines; to acquire by purchase or otherwise in the United States or the territor- les thereof. or elsewhere, real estate end min ing property, tunnels, mill sites, water and water rights, and to work, mine. tunnel and otherwise develop mines; erect necessary buildings, mills, smelters, reduction plants, machinery and appliances, and purchase material for the same and for the proper work ing thereof; to mine for gold silver copper, lead, iron and other minerals; to stamp. mill, melt, reduce, refine or otherwise prepare same for market; to export and import to, from and in Mexico, United States of America, the various countries of Europe and elsewhere. ores, bullion. copper matte and other products from the mines and works of said company; to acquire by purchase or other wise and to work handle and control inven- ti0ns and letters patent, relating to and inci- dent to the mining, milling and smelling of ores. To buy, sell, own. use and Control and To- cate real estate, water, water rights, mill sites machinery, appliances, buildings, letters pat ent and inventions. To formf other corpora tions, own, buy or sell stoct and bonds. or other securities in them, whe)her they may be mining smelling, milling qlilway. telephone telegraph, or other busin\ssSbr industrial cor porations To borrow mh(y, issue bonds; to mortgage, pledge or oth@ kise dispose of any or all of its corporate prot rty for the security do any and all things, and to acquire all prop erty, real and personal. which may be requisite and necessary or desirable in the opinion of its Board of Directors, to carry into effect the ob- jects for which said corporation was formed
 ARTICLE W.
 The amount of capital stock shall be the sum Of two million dollars (e2.000000), divided into two million Cs,0oo,0OO) shares of the par value of one dollar 0D each.
 At such time as the Board of Directors may by resolution direct said capital stock shall be paid into this corporation, either in cash or by the sale and transfer to it of real or personal property for the uses and purposes of said cor poration, in payment for which shares of the capital stock of said corporation may be issued, and the capital stock so issued shall thereupon and thereby become and be fully paid and non- assessable, and in the absence of actual fraud in the transaction, the judgment of the Direct ors as to the value of the property purchased shall be conclusive.
 ARTICLE V. The time of the commencement of this cor poration shall be the date of the filing of these Articles of Incorporation in the ofice of the Secretary of the Territory of Arizona, and the termination thereof shall be twenty five (s5) years thereafter.
 ARTICLE VI The affairs of this corporation shall be con- ducted by board of five (5) directors, and the following named persons shall constitute the Board of Directors until their successors are elected: Joseph Dent, Thomas Saver, Gustave Mudersbach, A. E. Douglass, Hugh E. Camp bell. Thereafter the Board of Directors shall be elected from the stockholders, as the bylaws of the corporation shall provide.
 ARTICLE VII. Inc OmccrS OI Saiu cOrpOratlOn small cOnSlSL of President, ice-President, Secretary and Treasurer, together with such other officers as may be hereafter created by the Board of Di- rectors.
 ARTICLE VIII. The ofIicers of said corporation until their successors are elected shall be: Gustave Mudersbach, President Joseph Dent, Vice President A. E. Douglas. Secretary and Treasurer,
 ARTICLE K The highest amount of indebtedness or liabil- ity direct or contingent, to which this corpo- ration shall at any time subject itself shall be Two Hundred and Fifty Thousand Dollars (eS50 0000), which amount does not exceed two- thirds of the amount of the capital stock.
 ARTICLE X. The private property of the stockholders of this corporation shall be exempt from corporate debts of any kind whatsoever. In witness whereof we have hereunto set our