The news-herald., 1903-05-30
ARTICLES Or !NCORPORATEoN :.
OF THE
Provident Mining Company.

we, tne Undersigned, desiring to form
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, Benjamin F.
Handy ahd Sidnoor 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 bust
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;
10 make contracts, to purchase, Lease
bond, locate or otherwise acquire, own,
exchange, sell or otherwise dispose Of,
pledge, mortgage, hypothecate and deal
III real estate and any and all kinds Of
personal property, mines, mining claims,
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 inven tions, 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 it
70 the same extent that o 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 Ari
zona
ital stock Of said corporation shall be
one Million Dollars Isl 900 ,000), diyi-
ded into one million Il Q,000,0 ,000) shares
81 the par value OF one dollar ($1) each,
which stock may be issued in exchange
for cash, services or property at such
price OF 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 for
the lawful uses of the corpora ton, it
shall thCrcupOn 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
70 the value OF any property purchased
or services rendered, and paid for III
stock or otherwise, shall be conclusive.
SiXth--Thc business Of the corportt-
tion shall be conducted by Board of.
Five Directors, and the following named
persoos shall constitute the board ui
, Directors for toe first year, or until
i tbejr Successors are elected: Robert +.
Erdman, Benjamin I. Handy, Herbert
l.. Handy, Sidmoor Sager, and Edward
Swan; thereafter the board of Directors
shall he elected annually from among
the stockholders as the BY Laws Of said
corporation may provide. on the sec
ohQ Monday III january.
Neycnth--The officers Of said company
for the first year, or until their success
49rs shall be duly elected are as follows:
President, Robert 4. Erdman vice
president Herbert l.. Handy; secretary
and treasurer, Benjamin +. Handy.
Eighth-'Ehe corporation shall COM
mencc business on the date these ar
tce. ere iiled in the Office of the Aud
itor ol 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 twothirds of
the amount of the capital stock.
Tenth-Ihe 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 L. ERDMAN, [Seall
BENJAMIN f. HANDY, Seal]
EDWARD SWAN. Seal