The Coconino sun., 1903-01-03

XIII, of the Revised Statutes of Arizona of 1901, and we hereby make. adopt, declare and publish the following Articles of Incorporation, to-wit:
 The name of this corporation is, and shall be, INDEPENDENCE GOLD MINING COMPANY. ARTICLE II. 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 established and the corporation may carry on business in such other places within the Terri tory Of Arizona, or in any other State or Terri tory. as the Board of Directors may from time to time deem necessary and expedieHt
 ARTICLE TIL
 The purpose for which this corporation is formed and the general nature of tLe 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 placers; 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 nece ssary. proper and incident in carrying on the business for which this corporation is organized; to'do and carry on general mining business in all of it's branches; to do and engage in a general merchandise busi- ness, and own, operate and dispose of, ware houses, boarding houses. and such other lines of business as 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 and 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 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 as the Board of Directors of this corporation may deem 1t advisable to acquire; and generally to do and perform every other act and thing, and to engage m 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 ".
 The capital stock of this corporation shall be Seven Hundred Thousand (s700, ,000OO Dollars, divided into seven hundred thousand 7O0,0O0) shares of the par value of One (sl.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 V.
 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- be, Four Hundred and Sixty Thousand (S460,- 000.OO Dollars, a sum less than two-thirds of the capital stock
 ARTICLE VII
 The time for which this corporation shall en- dure shall be twenty i've (25) years from, and after, the date of filing these Articles of Incor porstion for record in the ofice of the County Recorder of Coconino County. Arizona
 ARTICLE VIII.
 The business and affairs of this corporation shall be managed, controlled and administered by Board of Directors consisting of seven @ xko1a y<,S y.u1 ute quorum for the transaction Of business; such directors shall hold ofice for one CD year, and until their successors are elected and Quali- fled.
 The Board of Directors shall be elected an- nually at Q regular meeting of stockholders,