Holbrook argus., 1902-07-12

inventions and letters patent relating and incident to mining. milling and smelting of chandise business, borrow money issue i bonds and mortgage, pledge or otherwise dispose of all of it's corporate property for 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 te used for the purpose of purchasing property for the company.
 ARTICLE ". . The capital stock of this corporation shall be one million ($l O00, ,000) dollars divided into one million q 00U, ,000) shares of the value of one &1,) 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 as hereinafter provided for by resolution of the board of directors Of this company. and the stock of the company may be exchanged for mines and other property at such prices and upon such terms as the board of directors may determine, ARTICLE V.
 The time of the commencement of this cor pOraton shall be the day upon which these articles are filed in the office of the secretary of the territory of Arizona, and said corpor. atlon shall terminate twenty-five (25) years thereafter.
 The government of this corporation IS 1 vested in board of directors consisting of | | Q1) members, all of whom shall be stockhold: CTS of the corporation. who shall be elected at the annual stockholders meeting and of their % election m and % auaIiication, and until their successors are elected and qualihed. {. 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 without the territory of Arizona. and all the ..xf.. ....l I.II dad that 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 sutiieiency of notice for the meeting and said board of directors shall have the power to establish by y-laws and make all rules and regulations necessary for the management of the affairs of this cor poration not inconsistent with the constitu- tiOn and laws of the United States and the laws of the territory of Arizona.
 The following named persous 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. k. A. Sawyer, w. D. Britton, \. W. Nelson, k. k. 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 mum: 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.
 The officers of this corporation shall be q president, vice-president. secretary and treasurer, and such other officess us the board of directors may deem necessary for the purpose of transacting it's business; pro- videh, that the president or vice-president may also hold the office of treasurer; such officers to be elected by the board of direct ors; and the following named persons shall be the officers of this corporation until the first annual meeting of the stockholders hereof and uuti! their successors are duly elected and qualified. to-wit, president, J X. Woods; vice president and treasurer, Julius Lesser: secretary, w Britton:
 Provided that none of the officers of this corporation except directors president, vice. president, secretary and treasurer are re- quired to be stockholders of the corpora ton.
 The time for holding the annual meeting 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 li9biiitv. either direct or contingent, to which this corporation is at any time to subject itself is Five Hundred Thousand (s5OO,OO0.) Dollars.
 ARTICLEx. sha H ae Se exep rem any and all liability for the payment of cor
 Tn Wltness Whereof, the corpOrators here- of have hereunto set their hands and seals this first day of May. A. D, 1902. | J. X. WOODS, [Seal JULIUS LESSER, [Seal
 E A. SAWYER tSeall
 W. D. BRITTON, Seall Territor, of Arizona, County of NaYaio,-ss.
 Before me, F. W. Nelson, Notary Public in and for said county and territory, on 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 are subscribed to the foregoing articles of incorporation, and acknowledged to me that they executed the same for the purposes and consideration therein expressed.
 Given under my hand aud searof office this 1st day of May, ,.D. 1902.
 My commission expires Dec. 6, 1902. | lSeall F. w. NELSON, Notary Public. Filed and recorded at the request of F. w. Nelson May 2, 1902, at g a. m., and duly re- corded in Vol. No. l. Articles of Incorpora- tion on pages Nos si to 87, records of Navajo county, Arizona,