Arizona republican., 1902-09-11
ARTICLE IL


 | This corporation shall commence at the time of the filing for record of it's articles of incorporation in the office l of the County Recorder of Marlcopa i County, Arizona, and the filing of cer- tified copy thereof with the Secretary of the Territory of Arizona. And shall endure for twenty-five (25) years there after.
 ARTICLE III. The general nature of the business of this corporation shall be the mining, milling and treating of gold, silver, i copper and other ores; the buying, sell ing, managing and operating of mills. in the Territory of Arizona, and the dealing in and disposing of such prop erty and its products. ARTICLE "
 Section l. The capital stock of this corporation shall be One Million dol lars. 1,C0O0 0OO) divided into One Mil lion Q,OCo '"c) sharo~. of the par value of One Dollar (s1.G0) each
 Section g. The capital stock of this corporation shall be fully paid in cash or it's equivalent in property, labor or services when subscribed, and no stock shall he issued until fully paid for. Shares of stock issued shall be held and considered as fully paid and shall be non-assessable.
 ARTICLE V. Section 1. The affairs Of this corpo- ration shall be managed by a Board Of Directors consisting of three (3) stock holders. who shall be elected annually on the first Tuesday in January by the stockholders.
 Section 2. Vacancies in the Board of Directors or officers of this corporation shall be filled for the unexpired term | by the remaining members of the Board of Directors.
 Section ,. The officers of this coipo- ration shall be a President, Vice Pres ] ident, Secretary and Treasurer, who shall be elected annually by the Board of Directors at the first meeting after 1 the annual meeting of the stockholders. | The President shall be the chief eXecu- ' tive officer of the corporation, and shall have the general management of all it's affairs, subject to the approval of the Board of Directors.
 | And until the annual meeting of Jan uary. 1903, the following named persons shall be the Directors of this corpo- ! II. h. Aich, and D. A. Donofrio; and the fol- | lowing shall be officers of said cOrpC- ration. viz. F. L. Eddy. President; Jo- ! seph F. Aich, Vice President and D. A. Donofrio, Secretary and Treasurer. 1 Section 4. The Board of Directors shall have the power and authority to i appoint any other agent or agents to aid in the management of its business,
 fI,a cooperation that they may deem advis- able, and may vest in such agent or agents such powers as they may deem expedient. And said Board of Direct ors shall have the power and authority | to fix the compensation to be paid to the officers, agents and employees and Gircc tors of this corporation.
 ARTICLE VI. | Section !. The highest amount of in- dectedness or liability, direct or con tingent, to which this corporation shall at any time subject itself is the sum of l One Hundred Thousand dollars ($1O0- 1 COC).
 ! Section ?. The corporation may, by authority of it's Board of Directors, 1 borrow morey and agree to repay the same, with interest; but the property ] Of the corporation shall never be ! rledged, mortgaged or hypothecated without the direct authority and con- sent of the holders of majority of the stock of this corporation- ARTICLE VII. ! The stockholders of this corpordtio and their private property. shall be eX- empt from liability for the corporate debts of this corporation; and the shares of stock issued as fully paid shall be forever held and considered as fully paid and non-assessable. ARTICLE VIII. | At any meeting of the stockholders. a ma ajority of the issued stock shall con- stitute a quorum, and stockholders may vote by written proxy filed with the ] Secretary at or prior to the meeting. All stockholders meetings shall be held at the office of the corporation in Phoe- nix, Arizona.
 ARTICLE TX.
 The Board of Directors shall have the power to make, amend and alter by laws for this corporation, and to make all necdful rules and regulations for the management of it's affairs. | IN WITNESS WHEREOF We have hereunto set our hands this eighteenth day of August, 1902.
 F. l.. EDDY. JOSEPH R. AICH.
 D. A. DONOFRIO. Territory of Arizona,
 County of Maricopa. ss. | Before me, Thos. J. Prescott, No tary Public in and for the County of Maricopa, Territory of Arizona, on this day personally appeared F. L.. EDDY and D. A. DONOFRIO, known to me to be the persons whose names are sub scribed to the foregoing instrument. and acknowledged to me that they eX- ecuted the same for the purposes and consideration therein expressed.
 Given under my hand and seal of of i flee this 22d day of August, A. D. 1902. (SeaD THOS. J. PRESCOTT,
 Notary Public.
 My commission expires on the 5th day of December, 1904.
 State of California,
 County of San Bernardino, ss. Before me, T. J. Murphy, a Notary Public in and for the County of San Bernardino, State of California on this | q. n