Arizona republican., 1902-02-06
ARTICLES OF INCORPORATION
 OF THE LAST CHANGE MINING AND SIMPLIFYING 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 q corporation under the laws of the Ter ritory of Arizona. and to that end make the following statement:
 First: The names of the corporators are:
 A. l.. Cox, Thos. A. Wiatt, F. r. Me Cullough. Rufus Switzer and Wm. T. Cox, and the name Of the corporation shall be Last Chance Mining and Smelling Company. The pl .ncipal place in which the business of said corpora ton within the Territory of Arizona is to be transacted is Phoenix, Alaricopa County, Arizona, and the principal place of business of said corporation outside the Territory of Arizona shall be the city of Huntington In the State of West Virginia. at which meetings of the Board of Directors may be held, and the corporation may have such branch offices either within or without the Territory of Arizona as may be established by the Board of Direc tors Second: The general nature of the business proposed to be transacted by this corporation is as follows. to-wit:
 To purchase. lease. bond, locate or otherwise acquire. own. exchange, sell
  gage. hypothecate and deal in real es- tate and any and all kinds of personal property, mines. mining claims. oil lands, mineral lands, oil. gas. asphal- tum, petroleum, water and water rights and machinery, and to work mine, explore, operate and develop the same: to do a general real estate. man lufacturing and mercantile business: to own handle and control letters patent and inventions and shares of capital stock of other corporations; to borrow money and execute notes, bonds, mort gages or deeds of trust to secure the same. and to exercise in respect of all such bonds, mortgages, notes. shares of capital stock and other securities and obligations 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 a natural person might or could do; and in gen. eral to do all things necessary to the proper conduct of the business of this corporation in the Territory and else where, not inconsistent 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 Cs5.0O0.0 .0OO) dollars. di- vided into fifty thousand shares of the | par value of one hundred dollars l Cs1OO.OO) 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 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 prop erty purchased shall be conclusive. | Fourth: The time of the commence ment of this corporation shall be the date of the filing of these articles of in- corporation in the office of the Secre- tary of Arizona and the termination thereof shall be twenty-five years | thereafter.
 Fifth: The affairs of this corpora ton shall be conducted by a Board Of five Directors and the following named shall constitute the Board of Directors until their successors are elected:
 A. E.. Cox, Thos. A. Wiatt, F. F. Me Cullough, Rufus Switzer and w. T Cox. Thereafter the Board of Direct ors shall be elected from among tho Istockholders as the bylaws of the cor poration may provide
 Sixth: The highest amount of in debtedness or liability. direcr or con tingent. to which this corpora ton is a
 any time subject shall be one million dollars CS1,000, O00).
 Seventh: The private property O
 the stockholders of this corporation shall be exempt from corporate debt'
 of any kind whatsoever.
 In Witness Whereof. We have here
 unto set our hands and seals this nintl
 day of January, 1902.
 RUFUS SWITZER. (Seal A F. COX. (Seal | VIM. T. cox (Seal