Arizona republican., 1902-07-30
ARTICLES OF INCORPORATION
 OF THE BALTIMORE & SONORA GOLD 6, COPPER COMPANY"


 
 KNOW ALL MEN BY THESE PRESENTS: That we, whose hands are hereunto affixed, do hereby associ- ate ourselves together for the purpose of forming a corporation under the laws of the Territory of Arizona, and to that end make the following state ment:
 First: The names of the corporators are Daniel H. Hayne, William H. Brooke, J. O. Johnston. and the name of the corporation shall be THE BAL TIMORE AND SONORA GOLD AND COPPER COMPANY. The principal place in which the business of said cor poration within the Territory of Arl- Zona is to be transacted is Phoenix, Maricopa County, Arizona, and the principal place of business of said cor poration outside the Territory of Ari- zona shall be the City oi Baltimore, in the State of Maryland, at which meet ings of the stockholders and Board of Directors may be held, and the corpo- ration may have such branch offices either within or without the Territory of Arizona as may be established 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 make contracts; to purchase, lease, bond, locate, or otherwise ac- Quire, own, exchange. sell or otherwise dispose of. pledge, mortgage, hypothe- cate and deal in real estate and any and all kinds of personal property, mines, mining claims, oil lands, min eral lands, oil, gas, asphaltum, petro- leum, asbestos, salt, water and water rights and machinery, and to work, mine, explore, operate and de- velop the same; to do a general real estate, manufacturing and mercantile business; to own, handle and control letters patent and inventions and shares of capital stock of other cor porations; to borrow money and exc cute notes, bonds, mortgages, or deeds of trust to secure the same. and to ex- ercise in respect of all such bonds, mortgages, notes, shares of capital stock and other securities and obliga- tions 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 natural person might or could do and in general to do all things necessary to the proper conduct of the business of this corporation in the Territory and elsewhere, not in consistent with the laws of the United States and the Territory of Arizona.
 Third: The authorized amount of capital stock of this corporation shall be Five Million dollars (s5.00O, ,OO0) di- vided into five hundred thousand shares of the par value of ten dollars (s10.00) each. At such time as the Board of Directors may by resolution direct, said capital stock shall be paid into this corpora ton either in cash or by the sale and transfer to it of real or personal property for the uses and purposes of said corporation, in pay ment for which shares of the capital stock of said corporation may be is sued, and the capital stock so issued shall thereupon and thereby become and be fully paid up and non-assess- able, and in the absence of actual fraud in the transaction the judgment of the Directors as to the value of the property purchased shall be conclusive. Fourth. The time of the commence ment of this corpora ton shall be the date of the filing of these Articles oi Incorporation in the office of the Sec retary of Arizona, and the termination thereof shall be twenty-five years thereafter. Fifth: The affairs of t.iis corpora tion shall be conducted by Board of seven and not more than eleven Di- rectors and the following named shall constitute the Board of Directors until their successors are elected: Daniel H. Hayne, William H. Brooke, J. o. Johnston, William B. Mccormick, Wal ter s. Matthews, Frank D. Thomas, P. Sandova1, w. E. Johnston. Thereafter the Board of Directors shall be elected from among the stockholders as the bylaws Of the corporation may pro- vide. The officers of said corporation until their successors are elected shall be J. O. Johnston, President; Daniel H. Hayne, Vice-President; Chester F. Johnston, Secretary; William H. Brooke, Treasurer.
 Sixth: The highest amount of in debtedness or liability. direct or con tingent, to which this corporation is at any time subject shall be Three million dollars, (s3,0O0. .0000O which amount docs not exceed two-thirds the amount of the capital stock.
 Seventh: The private property of the stockholders of this corporation shall be exempt from corporate debts of any kind whatsoever.
 IN WITNESS WHEREOF, We have
 
 twcnty-first day of June. 1902.
 Attest: Howard D. Adams.
 DANIEL H. HAYNE (SeaD WILLIAM H. BROOKE. (SeaD
 J. O. JOHNSTON. (SeaD State of Maryland,
 City of Baltimore, ss.
 On this Fist day of June. in the year 1902, before me, Howard D. Adams, Notary Public in and for the State and City aforesaid, residing therein, duly commissioned and sworn, personally appeared Daniel H. Hayne William |. . Brooke and J. O. Johnston known to me to be the persons described in. whose names are subscribed to. and wlfu executed the annexed instrument and they acknowledged to me that they executed the same for the pur- poses and considerations therein cX- pressed.
 IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal at my office in the said