The Coconino sun., 1902-08-16
ARTICLES OF INCORPORATION
EXCELSIOR GOLD AND COPPER
 MINING COMPANY.

Know all men by these presents, that we, whose names are hereunto afhxed, do hereby 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 incorpora- tion:
 ARTICLE
 The names of the incorporators are Joseph Dent Thomas Sayer, Gustave Mudersbach and A. E. Douglass.
 ARTICLE IT.
 The name of this corporation shall be Excel sior Gold and Copper Mining Company" and its principal place of transacting business shall be in the town of Flagstaff, county of Coconino, territory of Arizona, with branch onices 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 a 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- ies thereof, or elsewhere real estate and min- ing property, tunnels, mill sites, water and water rights, and to work, wine. tunnel and otherwise develop mines; /erect necessary buildings, mills, smeters, Production plants. machinery and appliances, and purchase m material for the same and for the proper work ing thereof to mine fof gold silver, copper, lead, iron and other /minerals; to stamp. mill, melt, reduce, lrefe or otherwise prepare same for marke1 export and import to- from and in fefico, United States of 1S and elsewhere. oresl yullion. 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- tions 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 form other corpora tions, own, buy or sell stock and bonds, or other securities in them whether they may be mining. smelting, milling, railway. telephone, telegraph, or other business or industrial cor porations To borrow money, issue bonds; to mortgage, pledge or otherwise dispose of any or all of it's corporate property for the security and payment of any of its indebtedness, and to 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 (&2.0oOOOO), divided into two million (2,0O0,000) shares of the par value of one dollar (8l) 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
 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 (25) 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.
 The officers of said corporation shall consist of President, Vice-President. Secretary and Treasurer, together with such other officers as may be hereafter created by the Board of Di- rectors.
 ARTICLE VIII.
 The officers 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 (S250 ,000), which amount does not exceed two- thirds of the amount of the capital stock.
 ARTICLE x.