Holbrook argus., 1902-07-26

the same for market; to handle and control inventions and letters patent relating and incident to mining. milling and smelting of ores; to conduct and carry on a general mer- chandise business, boiro money, issue bonds, and mortgage, pledge or otherwise dispose of all of its corporate property for the security or payment of any of it's in- debtedness. and to do any and all things and acquire all property, real and personal which may be convenient and neces ary to carry into effect the objects for which this corporation Is formed, and said capital stock may ee used for the purpose of purchasing property for the company.
 ARTICLRI The capital stock of this corporation shall be one million Sl, ,000 000) dollars, divided into one million q ,00V ,0OOl shares of the value of one Gi,) dollar per share; and the same shall be fully paid and non -assessable.
 The capital stock of this corporation shall be issued and paid for upon the conditions and at the times us hereinafter provided for this company, and the stock of the company may be exchanged for mines and other property at such prices and upon such terms us the board of directors may determine
 ARTICLE V.
 The time of the commencement of this cor poration shall be the day upon which these articles are filed in the office of the secretary Of the territory of Arizona, and said corpor- ation shall terminate twenty five (25) years thereafter.
 ARTICLE VI.
 The government of this corporation is
 
 not less than seven CD nor more than eleven QD members all of whom shall be stockhod. CTS of the corporation who shall be elected shall hold office for one CD year from the date of their election and qualification, and until their successors are elected and qualified. Any vacancy in said board shall be filled by the remaining members thereof. And such board of directors shall have power to hold any meeting and transact any business for the company at any time or place within or IAA A<.. af A.f. -lIA Al nets of such board shall be valid, provided that n majority of all members of the board shall be present and vote in favor of such act or acts. and such vote shall be complete evidence of the sufiiciency of notice for the meeting; and said board of directors shall have the power to establish bylaws and make all rules and regulations necessary for the management of the affairs of this cor poratioIn; not inconsistent with the constitu tion and laws of the United States and the laws of the territory of Arizona.
 The following named persons shall cOnsti- tute the board of directors of this corpora tion until the first annual meeting of stock holders and until their successors are duly elected and qualified, to-wit: J.. X. Woods, Julius Lesser. E. A. Sawyer W. D. Britton, Y. W. Nelson, R. R. Mcdonald and Edw. Enos. The number of directors to be elected at the annual stockholders meeting, not less than seven nor more than eleven, shall be stated in the call for said annual meeting, to serve for the next ensuing year, which said num- Der shall be fixed by resolution of the board of directors at their meeting next prior to the issuance of such notice to the stock holders.
 ARTICLE VII.
 The officers of this corporation shall be a president, vice-president secretary and treasurer, and such other officess as the board of directors may deem necessary for the purpose of transacting it's business; pro- vided, that the president or vice-president may also hold the office of treasurer; such officers to be elected by the board of direct prs; and the following named persons shall a n ft<v, Al. first annual meeting of the stockholders hereof and unti! their successors are duly elected and qualified. to-wit, president, j. X. Woods; vice president and treasurer, Julius Lesser: secretary, w. D. Britton. Provided. that none of the officers of this corporation except directors. president, vice. quired to be stockholders of the corpora tion.
 ARTICLE VIII. The time for holding the annual meetinp of the stockholders of this corporation is fixed for the first Monday in the month of December of this year.
 | ARTICLE xI. The highest amount of indebtedness or liability. either direct contingent to which this corporation is at any time to subject itself is Five Hundred Thousand 1 The. private property of the stockholders of this corporation shall be exempt from porate debts.
 In witness whereof, the corporators here of have hereunto set their hands and seals this first day of May, A. D, 1902. 'o'''' J. K. WOODS, ISeaJ JULIUS LESSER. fSeaii
 E A. SAWYER. fSeaiI
 w. D. BRETON. iSeaii Territory of Arizona, County of Navajo,~ss. Before me, r. w. Nelson, a Notary Public in and for said county and territory. m this day personally appeaaed J. X. Woods, Julius Lesser, E. A. Sawyer and w. D. Britton' known to me to be the persons whose names incorporation, and acknowledged to me that they! executed the same for the purposes s and consideration therein expressed
 Given under my hand and seal of office tbis 1st day of May, ! D. 1902, 'N'' My commission expires Dec. 6, 1902
 lSealI K. W. NELSON,
 Notary Public
 Filed and recorded at the request of K. w. Nelson, May 2, 1902, at g a. m, and duly re. corded in Vol. No. L Articles If Tnconnnoao