The Coconino sun., 1902-08-09
ARTICLES OF INCORPORATION
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, ton:
 ARTICLE
 The names of the incorporators are Joseph Dent, Thomas Saver. Gustave Mudersbach and A. E. Douglass.
 ARTICLE IL
 The name of this corporation shall be Excel sior Gold and Copper MiningC Company" and its principal place Of transaSeing business shall be in the town of FlagstaG<county of Cocouino, territory of Arizona. yfth branch offices at such place or places aSfnay be hereafter estab- lished by fhe Board q Directors.
 ABfICLE III
 The gel deral naD6re of the business proposed to be trAnsact6d by the said corporation is general mNipL 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 and 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- tions and letters patent, relating to and incl dent to the mining, milling and smelting of ores. To buy, sell, own. use and control and To- cate real estate, water, water rights, mill sites. machinery, appliances, buildings, letters pat eht 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. elegraph, 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 CT desirable in the opinion of its Board of Directors. to carry into eiect the ob- jects for which said corporation was formed.
 ARTICLE w.
 The amount of capital stock shall be the sum of two million dollars (es000000), divided into
 
 of one dollar ($i) 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 valuf of the property purchased shall be conclusive.
 ARTICLEv.
 The time of thel commencement of this cor poration shall be the date of the filing of these Articles of Incorporation in the office of the Secretary of the Territory of Arizona, and the termination thereof shall be twenty five (s5) years thereafter.
 ARTICLE
 The affairs of this corporation shall be con- ducted by Q 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 TX.
 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 Qe250, ,000), 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