Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1902-01-27
ARTICLES OF INCORPORATED
OF -a..-
THE GLADYS MINING AND IN
vESTMENT COMPANY.

y
ritory of Arizona. and to that end
make the following statement:
First: That the names or the corpo-
rGtors are:
L. A. Read.
Earle Read.
H Clay Read.
ard 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
be transacted is Phoenix, Maricopa
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
Board 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, sell
ar otherwise dispose of. pledge, mort
gage, hypothecate and deal in real
estate and any and all kinds of per-
si,ral property, mines. mining claims.
oil lands. mineral lands, oil. gas, as
rnaltum, asbestos, petroleum, water
and water rights and machinery, and
20 work. mine, explore. operate and
develop the same; to do a 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
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 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, 1000. .00l.
divided into Fifty Million ESQ. 1000, 000)
shares of the par value of ten U0)
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
property for the uses and pur-
poses of said corporation, in pay
nent 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
reid up and non assessabie, and in the
absence of actual fraud in the trans
action the judgment of the Directors
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
eyed 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 corporation snail be TIN.
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 Board of
three Directors but may De Increased
and the following named shall consti-
tute the Board of Directors until their
successors are elected:
L. A. Read, President and Treasurer.
Earle Reade,
II. 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-
tingent. to which this corporation is at
any time subject shall be Five Thou
sand dollars G5.o0o.OO). This subject
to change or the pleasure of the Di-
Iectory.
Seventh: The private property of the
stockholders of this corporation shall
he 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 legitimate investment and
profit to all shareholders, and to man.
age and operate the affairs of the same
fii an honest, Ineligible equitabla
manner; to sell its treasury stock tC
whom 1t may desire, and in any state
or Territory desired, looking to the in
terest of all stockholders in the Com
pal.y alike: paying no salary to any OF
ITS officers. except those in actua
service.
In Witness Whereof, we have here.
unto set our hands and seals this 18th
Gay of jan, 1902.
L. A. READ. (Seal
EARLE READ. (Seal
H. CLAY READ. (Seal
State of Texas, County of Harvard. 50