Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1902-01-25
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
litory of Arizona and to that end
make the following statement:
First: That the names OF the corpo-
raiorS are:
l.. A Read,
Earle Read,
H. Clay Read.
and the name of the corporation shall
lee the Gladys Mining and Investment
Company. The principal place in
which the business of said corporation
within the Territory of Arizona is to
bc 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
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 corporation is as follows, to-wit:
To purchase. lease, bond, locate or
otherwise acquire, own, exchange, sci!
or otherwise dispose of, pledge. mort
gage, hypothecate and deal in real
estate and any and all kinds of per-
ScEal property. mines, mining claims.
Gil lands, mineral lands, oil. gas,
pnaltum, asbestos, petroleum. water
ana water rights and machinery and
to work, mine. explore. operate and
develop the same: to do a general real
frl1i mr. CT
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 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; 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
be Five Million dollars (s5. 900. OOOOOl
divided into Fifty Million 10000, OOO)
shares of the par value of ten (10)
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
poses of said corporation, in pay
trent 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
rid up and nom assessabie. and in the
absence of actual fraud in the trans
act.on the judgment OF the Directors
as to the value of the property pur-
chased shall be conclusive; with the
distinct understa nding and so stipu-
lated in deed, that one-half of the stock
50 transferred shall be and is recon-
eyed to the Company as Treasury
stock; to be used by Company to the
interest of all concerned. Said deed to
be made by II. Clay Read, in whose
name all the property was located.
Fourth: The time of the commence
1nent of this corporation snail be the
Gate of the filing of these Articles Of
Incorporati ton 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 Board of
three Directors but may De increased
and the following named shall consti-
tute the Board of Directors until their
nIo
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 or the corpora.
ton may provide.
Sixth: The highest amount of in
Indebtedness or liability. direct or con-
t!ngcnt, to which this corporation is al
any time subject shall be Five Thou
sand dollars (s5.OO0.OO). This subject
10 change or the pleasure of the Di-
Iectory.
Seventh: The private property of the
stockholders of this corpora ton shall
be exempt from corporate debts of any
Kind whatsoever.
Eighth attached.
Eighth: The purposes and intentions
of the orga MIA ton of this Company.
and this applica ton for Charter, is to
make a legitimate investment and
profit to all shareholders. and to man
age and operate the affairs OF the same
ia an honest, Ineligible, equita BILE
manner: to sell its treasury stock to
Th"m ii may desire, and in any State
or Territory desired. looking to the in
t=rest of all stockholders in the Com
pilIy alike; paying no salary to any of
us officers, except those in actual
service.
In Witness Whereof. we have here
unto set our hands and seals this 18th
C:y of Ian 1902