Arizona republican., 1903-03-16

Secretary of Arizona.
sFirst publication March Is, 1908.
ARTIC LES OF INCORPORATION
OF THE
PENNORE PLACER MINING COM
PANY.
KNOW ALL MEN BY THESE
PRESENTS, That we, whose hands are
hereunto affixed, do hereby associate
ourselves together for the purpose OF
forming corporation under the laws
of the Territory of Arizona, and to
that end make the following statement:
FIRST: The names of the corporators
are: James A. Mccullough. NJ. Hall,
r. A. Smith, J. C. Chamberlain. and
w. D. P Aims Jr., and the name of the
corpor alton shall be THE PENNORE
PLACER MINING COMPANY. The
principal place in which the business of
said Corporation within the Territory
of Arizona is to be transacted is Phoe-
nix, Maricopa county, Arizona, and the
principal place CT business of said Cor
poration outside the Territory of Arr
iona shall be the City of Philadelphia
in the State of Pennsylvania, at which
meetings of the Board Of DIRECTORS may
be held, and the Corporation may have
such branch offices either within or
without the Territory of Arizona as
may be established by the Board of Di-
rectors.
SECOND: The general nature OF the
business proposed to be transacted by
this Corporation is as follows. to-wit:
To make contracts; to purchase,
lease, bond, locate or otherwise acquire,
own, exchange, sell or otherwise dis
pose OF, pledge. mortgage. hypothecate
and deal in real estate and any and all
kinds of personal property, mines, min
ing claims. oil lands, mineral lands. oil
gas, asphaltum, petroleum, asbestos.
salt, water and water rights and ma
chinery, and to work. mine, explore, OPP
crate 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 9TH
er corporatios; to borrow money and
execute notes, bonds, mortgages, or
deeds of trust to secure the same, and
to exercise in respect of all such bonds
mortgages, notes, shares of capital
stock and other securities and obliga-
tions any and all rights, powers and
privileges of individual owners there
of, including the right to vote upon any
shares of stock held by it to the same
>extent that a natural person might or
could do; and in general to do all things
necessary to the proper conduct of the
business of this Corporation in the Ter
ritory and elsewhere, not inconsistent
with the laws of the United States and
the Territory of Arizona.
THIRD: The authorized amount 81
capital stock of this Corporation shall
be Five Million Dollars dollars ($5,000,-
OOO), divided into five million shares of
the par value of one dollar per share
(S1OC)f each AT such time as the
Board of Directors may by resolution
direct. said capial stock shall be paid
into this Corporation either in cash or
by the sale and transfer to it Of real
or personal property for the uses and
purposes of said Corporation, in pay
ment for which shares of the capital
stock of said Corporation may be is
sued. and the capital stock so issued
shall thereupon and thereby become
and be fully paid up and non-assess-
able and in the absence of actual fraud
in the transaction the judgment of the
Directors as to the value of the prop
erty purchased shall be conclusive.
FOURTH: The time of the conf
mencement of this corporation shall De
the date of the filing of these Articles
of Incorporation in the Office of the Sec
rotary of Arizona, and the termination
thereof shall be twenty-five years there
after.
&c ~;
ton shall be conducted by a Board "
Five Directors and the following name 4
shall constitute the Board of directors
until their successors are elected: ].
A. Mccullough, NJ. Hall, r. A. Smith,
J. c. Chamberlain and w. D. P Aims
Jr Thereafter the Board OF Directors
shall be elected from among the stock
holders as the bylaws of the corpora
ton may provide The officers of said
corporation until their successors are
elected shall be. J. A. Mccullough,
President; NJ. Hall. Vice-President; r.
A Smith, Secretary; j. C. Chamber
lain, Treasurer.
SIXTH: The highest amount of in
debtedness or liability. direct or con-
tingent, to which this Corporation is at
any time subject shall be Three Mil
lion dollars Cs3,OOO,O00) which amount
does not exceed two-thirds the amount
of the capital stock.
SEVENTH: The private property OF
the stockholders of this Corporation
shall be exempt from corporate debts
of any kind whatsoever.
IN WITNESS WHEREOF, We have
hereunto set our hands and seals this
twcnty V fourth day of February, 1903.
JAMES A. MCCULLOUGH (SeaD
NJ. HALL. (SeaD
r. y. SMITH, (SeaD
]. c. CHAMBERLAIN (SeaD
WIN. d. p. AIMS, JR. (SeaD
State of Pennsylvania,
County Of Philadelphia. SIS.
On this twenty-seventh day of Feb
ruary, in the year 1908, before me, Err
nest n. Ross, a notary public in and
for the state and county aforesaid, re-
siding therein, duly commissioned and
sworn. personally appeared James Nc
Cullough, r. A. Smith, ]. c. Chamber
lain and VIM. d. P. Aims. Jr.. known
to me to be the persons described in,