The news-herald., 1903-07-04
ARTICLES OF INCORPORATION
OF THE
ProYident Mining Company.

we, the Undersigned, desiring to form
a corporation under the laws of the Ter
riiory of Arizona, do hereby make,
sign, acknowledge and file this certif-
cate for that purpose, as follows -
First-The names of the incorpor-
ators are Robert E. Erdman, Edward
Swan, Herbert l.. Handy, Ben jamin F.
Handy ahd Sidmoor Sager,
Second-The name of the proposed
corporation is "Provident Mining Com
pany."
Third-The principal place in which
the business of said corporation within
the Territory OF Arizona is to be trans
acted is Phoenix, Maricopa county, Ari-
zona, and the principal place of busl-
ness outside of the Territory of Arizona
shall be the city of Buffalo, state OF
New York, at which last named place
all meetings of the company, including
the meetings of the stockholders, may
be held, and the corporation may have
such branch Offices either within or
without the Territory of Arizona as are
established by the Board Of Directors.
Fourth--The general nature Of the
business TO be transacted by the corpor-
alton is as follows, to-wit;
To make contracts, to purchase, lease,
u,
exchange, sell or otherwise dispose OF,
pledge, mortgage, hypothecate and deal
| in real estate and any and all kinds OF
personal property, mines, mining cialms'
| oil lands, mineral lands, oil, gas, as
phaltum, petroleum, asbestos, salt,
water, and water rights and machinery,
and to work, mine, explore, operate and
develop 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 corporations ;
| to borrow money and execute notes,
bonds, mortgages, or deeds Of trust to
secure the same, and to exercise in re-
spect of all such bonds, mortgages, notes,
! shares of capital stock and other secu-
rites 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 1t
to the same extent that q natural per-
son might or could do; and in general to
do all things necessary to the proper
conduct of the business of this corpor-
alton in the Territory and elsewhere,
not inconsistent with the laws OF the
United States and the Territory OF Arl-
ZOna.
Fifth-The authorized amount OF cap
ital stock of said corporation shall be
One Million Dollars ($l ,O0O, ,OOO),. dlvl-
ded into one million Il 900, ,O0O) shares
of the par value of one dollar ($l) each,
which stock may be issued III exchange
for cash, services or property at such
price or prices. below or above par, as
| the Board of Directors may from time
to time agree upon and when so Issued
either for cash, services or property 1or
the lawful uses of the corporation, 1t
shall thereupon and thereby be and be-
come fully paid and non -assessable and
! in the absence of actual fraud, the
Judgment of the Board Of Directors as
to the value of any property purchased
or services rendered, and PAID tor III
stock or otherwise, shall be conclusive.
| Sixth-The business Of the corpora
ton shall be conducted by Board OF
Five Directors, and the following named
persons shall constitute the Board OF
| Directors for the first year, or until
their successors are elected: Robert E.
Erdman, Benjamin F. Handy, Herbert
l.. Handy, Sidmoor Sager, and Edward
Swan; thereafter the Board of Directors
shall be elected annually from among
the stockholders as the Bylaws OF said
corporation may provide, on the sec
ond Monday in January.
Seventh-The officers of said company
for the first year, or until their success
sors shall he duly elected, are as follows:
President, Robert f. Erdman; vice
president, Herbert L. Handy; secretary
and treasurer, Benjamin F. Handy.
Eighth-The corporation shall COM
| mence business on the date these ar
ticles are filed in the Office of the Aud
itor of Arizona, and shall terminate
twenty-five (25) years thereafter.
Ninth The highest amount Of indebt-
edness or liability, direct or contingent,
to which the corporation shall at any
time subject itself, is Three Hundred
Thousand Dollars ($300,000, which
amount does not exceed two-thirds of
the amount of the capital stock.
Tenth-The private property of the
stockholders or directors of said corpor-
alton shall be exempt from corporate
indebtedness of any and all kinds.
In witness whereof, we have here
unto set our hands and seals this 26th
| day of March, 1908.
ROBERT E. ERDMAN, [Seall
BENJAMIN F, HANDY, (Seal]
EDWARD SWAN, [Seall
SIDMoOR SAGER, LSeall