The Coconino sun., 1903-01-17
ARTICLES OF INCORPORATION
INDEPENDENCE GOLD MINING
 COMPANY.

and George H. Cofin, of the Territory of Ari- | zona, have this day, and do hereby associate | ourselves for the purpose of forming corpor ation under the provisions of Chapter II, Title XIII. Of the Revised Statutes of Arizona oi 1901, and we hereby make, adopt, declare ant publish the following Articles of Incorporation | to-wit:
 l ARTICLE
 The name of this corporation is, and shall be ] INDEPENDENCE GOLD MINING COMPANY | ARTICLE H. The principal place of the transaction of the business of this corporation, and where its principal office shall be located, is and shall be | at Flagstaff in the County of Coconino, and Territory of Arizona. Branch offices may be 1 established and the corporation may carry on business in such other places within the Terri l tory of Arizona, or in any other State or Terri | tory, as the Board of Directors may from time to time deem necessary and expedient.
 ARTICLE III.
 The purpose for which this corporation is formed and the general nature of the business proposed to be transacted by it, are as follows, to- wit:
 To buy, sell, own, locate and otherwise ac- quire and deal in, mines. mining claims, min ing properties, lodes and pacers to work. de- velop and operate the same. and mine the ores therefrom; and mill, smelt and reduce the same: to locate. acquire, buy, sell and deal in. tunnels, tunnel sites, waters, water rights, and to buy. build. construct, own, operate and main- tain mining, milling, smelling and reduction plants to construct, own, operate. maintain and dispose of such railways. transportation lines and facilities as may be ncce 'sary, proper and incident in carrying on the business for which this corporation is organized; to'do and carry on a general mining business in all of it's branches; ; to do and engage in general merchandise busi- ness, and own. operate and dispose of. ware houses boarding houses. and such other lines of business may be necessary for, incident or in any way connected with the purposes for which this corporation is organized
 To acquire, buy, purchase, or otherwise hold own and dispose of the capital stock, securities, privileges ard franchises of other corporations, and buy, own. hold. sell and deal in. notes, bonds, options. securities and evidences of in- debtedness; to purchase or otherwise acquire, from other persons or corporations, the capital stock, bonds or securities of this corporation or any part thereof. and to hold. own and dis pose of the same; to sell or exchange the cap ital stock of the corporation hereby created, or any part thereof, for the capital stock of other corporations. and for such property, rights in- terests and franchises the Board of Directors Of this corporation may deem it advisable to acquire; and generally to do and perform every other act and thing, and to engage Iii any and every line of business which may be necessary expedient, incident or proper to the carrying out of the business for which this corporation is organized.
 ARTICLE w
 The capital stock of this corporation shall be Seven Hundred Thousand (s70O, ,OOoOO Dollars divided into seven hundred thousand GOO,OO0) shares Of the par value of One (si.00) Dollar each, which stock shall be issued at such times and upon such conditions as may be prescribed by the Board of Directors; and the Board of Directors is hereby authorized to issue any or all of said stock fully paid up and non-assess- able, in consideration of the payment thereof in cash, or transfer to this corporation Of prop erty, rights, or interests of any description, or services rendered or to be rendered. and the valuation or apprasal by the Board of Directors of any property, rights or interests so acquired or of services rendered or to be rendered, shall be binding and conclusive upon stockholders of this corporation and all others dealing with the corporation.
 ARTICLE "
 The capital stock of this corporation, when issued, shall be forever non-assessable.
 ARTICLE VI
 The highest amount of indebtedness or liabil- ity, direct or contingent. to which this corpor- atiou is at any time to be subject. Is, and shall be, Four Hundred and Sixty Thousand (S460, 000O0) Dollars, sum less than two-thirds of the capital stock.
 ARTICLE VII.
 The time for which this corporation shall en- dure shall be twenty five (25) years from, and after, the date Of tling these Articles of Incor- poration for record in the office of the County Recorder of CoconinO County, Arizona.
 ARTICLE VIII
 The business and arairs of this corporation shall be managed, controlled and administered by Board of Directors consisting of seven @ stockholders, a majority of whom shall consti- tute quorum for the transaction of business; such directors shall hold ofiice for one CD year. and until their successors are elected and quali- fled.
 The Board of Directors shall be elected an- nually at a regular meeting of stockholders, which meeting shall be held on the third Satur- Il. lA