The Coconino sun., 1903-01-10


 and George II. Coffin, 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, Titl 1 KILL Of the Revised Statutes of Arizona O 1901, and we hereby make, adopt, declare an' 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 tn, business of this corporation, and where 1t, principal ofice shall be located. is and shall b, at Flagstaff, in the County of Coconino, ant Territory of Arizona Branch offices may b, established and the corporation may carry or 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 expedient
 ARTICLE III. The purpose for which this corporation i, | formed, and the general nature of the bushes. proposed to be transacted by it. are as follows | to- wit:
 To buy, sell. own, locate and otherwise nc. quirc 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 tho 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 us may be nece ,sary, proper and incident in carrying on the business for which this corporation Is organized; to do and carry on
 
 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, 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 as 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 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 (&70O 0O0.OO Dollars, divided into seven hundred thousand (70000O) shares of the par value of One Csi00) Dollar each which stock shall be issued ut 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- ation is at any time to be subject, Is, and shall be, Four Hundred and Sixty Thousand (&46O, O00.00) Dollars, a sum less than tw0-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 filing these Articles of Incor- poration for record in the office 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 @ stockholders, a majority of whom shall consti- ute quorum for the transaction of business; such directors shall hold office 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-