Arizona republican., 1902-11-08
ARTICLES OF INCORPORATION
 OF THE NEW YORK AND WESTERN MINES
 COMPANY

COMPANY.
 Know all men by these presents, that we, whose hands are hereunto af- fixed, do hereby associate ourselves to- gether for the purpose of forming a corporation under the laws of the Ter ritOry of Arizona, and to that end make the following statement:
 First: The names of the corporal tors are: w. Fenton Myers, Richard Mur- phy. Dr. A. V. H. Smyth, Ava II. Gum mell, Frank E. Kolb, Clarence Earns worth, Emmanuel l.. Dreibelbis, William H. Turner, Howard B. Spencer, Casper Wells and John J. Gregg. and the name of the corporation shall be New York and Western Mines Company. The principal place in which the business of said corporation within the Territory of Arizona is to be transacted is Phoe nix, Maricopa county, Arizona, and the principal place of business outside the territory of Arizona shall be the City of Amsterdam, in the State of New York, at which meetings of the board of directors may be held and the cor poration may have such branch offices either within or without the Territory of Arizona as may be established by the board of directors.
 SeCOIu. 1He general nature or the business proposed to be transacted by this corporation is as follows, to-wit:
 To make contracts; to purchase, lease, bond or otherwise acquire, own, exchange, sell or otherwise dispose of, pledge, mortgage, hypothecate and deal in real estate and any and all kinds of personal property, mines, mining claims, oil lands, mineral lands, oil, gas, asphaltum, petroleum, asbestos, salt, water and water rights and ma chinery, and to work, mine, explore, operate and develop the same; to do a general real estate, manufacturing and mercantile business; to own, han .dle and control letters patent and in ventions and shares of capital stock of other corporations; to borrow money and execute notes, bonds, mortgages, or deeds of trust to secure the same. and to exercise in respect of all such bonds, mortgages, notes, shares of cap ital stock and other securities and obli- gations any and all rights, powers and privileges of individual owners thereof, including the right to vote upon any share of stock held by it to the same extent that a natural person might or could do; and in general to do all things necessary to the proper conduct
 
 the territory and elsewhere. not incon- sstent with the laws of the United States and the Territory of Arizona.
 Third: The authorized amount Oi capital stock of this corporation shall be one million five hundred thousand dollars ($1 5OO,00O, divided into one million, five hundred thousand shares of the par value of one dollar ($1.00 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 per sonaI property for the uses and pur- poses of said corporation, in payment for which shares of the capital stock of said corporation may be issued, and the capital stock so issued shall there upon and thereby become and be fully paid up and nOn- -assessable, and in the absence of actual fraud in the tran saction the judgment of the directors as to the value of the property pur- chased shall be conclusive.
 Fourth: The time of the commence ment of this corporation shall be the date of the filing of these Articles of Incorporation in the office of the Sec retary of Arizona, and the termination thereof shall be twenty-five years thereafter.
 Fifth. The affairs of this corporation shall be conducted by a board of eleven directors. and the following named shall constitute the board oi directors until their successors are elected: w. Fenton Myers, Richard Murphy, Dr. A. Y. II. Smyth, Ava H. Gummell Frank E. Kolb, Clarence Farnsworth, Elm manuel H. Dreibelbis, William H. Tur- ner. Howard B. Spencer, Casper Wells and John J. Gregg. Thereafter the board of directors shall be elected from among the stockholders as the bylaws of the corporation may provide The officers of said corporation until their successors are elected shall be: w. Fenton Myers, president; Clarence Farnsworth. vice president; Richard Murphy. secretary; Dr. A. V. H. Smyth, treasurer.
 Sixth. The highest amount of indebt- edness or liability. direct or conten- gent. to which this corporation is at any time subject shall be one million dollars ($1.O00, OOO). which amount does 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 hereunto set our hands and seals this 17th day of October. 1902
 w. BENTON MYERS, (SealO RICHARD MURPHY, (SeaL) ARTHUR V. H. SMITH, (Seal) ALVA H. GUMMELL, (SeaL) FRANK E. KOLB, (Seal) HOWARD B. SPENCER, (SealO CLARENCE FARNSWORTH. (Seal) EMMANUEL l.. DREHBELBlS, CSeaE) WILLIAM H. TURNER, (Seal) CASPER WELLS, (SealD JOHN J. GREGG, CSeal) Territory of Arizona,
 County of MaricOpa. >s.
 I. B. F. McFaIl, county recorder in and for the county and territory afore- said, do hereby certify that | have compared the foregoing copy with the original Articles of Incorporation of the NEW YORK AND WESTERN MINES COMPANY, filed and recorded in my office on the 23rd day Of october, 1902, in Book No. F of Interpretations, at page -. and that the same is q