Arizona republican., 1903-02-17
ARTICLES OF INCORPORATION
 OF THE CHOCTAW IMPROVEMENT CON-
 PANY.

CHOCTAW IMPROVEMENT COM
 PANY.
 Know All Men By These Presents: That the undersigned have this day as- sociated themselves together for the purpose of forming a corporation un- der the laws of the Territory of Ari- Zo1a.
 The inoorporators of this company shall be: R. K. Kelley. A. w. Stubbs, w. J. Nelson and L. c. Lee.
 Art. ?.
 The name of this corporation shall be "The Choctaw Improvement Company. and it's principal place of business in Arizona shall be Phoenix. Maricopa County. and outside of Arizona shall be Atoka, Indian Territory, with a branch office at Kansas City, Mo. where the Board of Directors may meet and transact business. The offices an ] places of business may be changed at any time. by order of the Board of Di- rectors. at regular or called meeting.
 Art. 3.
 The purposes for which this corpo- ration is formed are as follows. to-wit: ISl 10 engage III q general req estate. loan. collection and immigra- ton business in the Choctaw anl Chickasaw Nations. Indian Territory 2nd. To aid and assist certain help less members of said tribes of Indians in securing their rights under the law 3d. To engage in mining, mII,ing stock raising and farming.
 4th. To engage in the above named
  connected with purposes of this corpo- ration the same as a natural person might or could do.
 Art. 1.
 The capital stock of this corporatiur shall be One Million (s1, 1000. .0O0) Dollars divided into ten thousand shares of one hundred dollars each. said shares to be fully paid up and non-assessable. such capital seek. or any part thereof. may be issued in payment for property rights or interests of any kind or na- ture purchased. or otherwise acquired and sl.all he issued in payment thel efol upon such terms as the Board of Di- rectors of the corporation shall deier- mine, and as to the value of the prop erty. rights or interests so acquired the determination of the Board of Direct DTS shall be final and conclusive.
 Art. 3.
 The time of commencement of this corporation shall date from the films of these Articles of Incorporation ir tiie office of the Secretary of State o the Territory of Arizona and shall ter minate twenty-five (2O years there after.
 Art. 6.
 Tie management and control of the business property and affairs of this corporation shall be vested in and con ducted by a Board of Directors, not less than five nor more than seven, all ol whom shall be stockholders, who shal be elected annually. on the first Mon day of each year, by the stockholders The following named shall constitute the Board of Directors the first year ol until the regular election in January 1904. to-wit: R. K. Kelly, A. w Stubbs. w. J. Nelson. Chester Howe and L. c. Lee.
 Art. [.
 The officers of the corporation shal consist of a President, Vice President Secretary, Treasurer and General Man ager. who shall be elected by the Boart of Directors annually and shall holC their offices until their successors ar. elected and qualified, unless removed by the Board.
 The Directors shall have the right |, , fill any vacancy caused by death, res | lgnation or removal, in the officers O on the Board of Directors, the persons so elected to hold office the same as i elected at a regular stockholders meet | ing.
 | The Board of Directors may. b, unanimous vote. designate two or nor of it's members to constitute an execu | tive committee, with full power t, i transact business for the whole Boart on any given measure, provided for il the resolution appointing said eXecutiv | committee.
 The private property of the officers 1 Directors and stockholders of this cor poration shall not be liable for the debt of the corporation. however incurred The highest amount of indebtedness O liability to which this corporation shaI be subject shall not exceed $500. COG. .OC
 Art. 10.
 The meetings of the stockholders O this corporation shall be held at tn principal place of business of the cor pora ton on the first Monday of eac year. beginning with 1904.
 Art. II.
 The stockholders and Directors ma adopt such rules, regula tions and by laws for the government of the corpo ration and the future conduct of it business as may be deemed wise. nc inconsistent with the laws of the Unit ed States, the Territory of Arizona. c the States or Territories in which it business may be transacted.
 Art. F.
 The stockholders, when unable to | | present. may vote by proxy at an stockholders meeting. upon any and a questions submitted for considerable as though present in person. but tn person holding such proxy shall be stocknolder of record in this compan, In testimony whereof we have here unto subscribed our names this Ct day of January, A. D. 1905
 R. K. KELLY of Mountain Park Ok; A. w. STUBBS of Kansas City, Kan. ". J. NELSON of Kansas City, Mo- l.. C. LEE of Kansas City, Mo. State of Missouri.
 l County of Jackson.