Arizona republican., 1903-02-20

''The Choctaw Improvement Company, and its nrincipaI place of business ir Arizona shall be Phoenix, Mariccpa Comfy. and outside of Arizona shall be Atoka. Indian Territory, with branch office at Kansas City, Mo. where the Board of Directors may meet ard transact business. The offices anl 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: 1st. To engage in q general real estate. loan. collection and immigra- ton business in the Choctaw an.l 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, mu,ing, stock raising and farming.
 4th. To engage in the above named and other lines of legitimate business connected with purposes of this corpo- ration the same as d natural person might or could do.
 Art. 1.
 The capital stock of this corporation shall be One Million ($1,000,O0O) Dollars divided into ten thousand shares Of one hundred dollars each, said shares to he fully paid up and non-assessable, such capital seek, or any part thereof. nav be issued in payment for property rights or interests of any kind CT na- ture purchased, or otherwise acquired. and el4aIl he issued in payment thel afor upon such terms as the Board of Di- rectors of the corporation shall deter mine, and as to the value of the prop erty. rights or interests so acquired the determina tion of the Board of Direct CTS shall be final and conclusive.
 Art. ,.
 The time of commencement of this corporation shall date from the fnuE uf these Articles of Incorporation in tlle office of the Secretary of State of the Territory of Arizona and shall ter minate twenty-five (25) years there- after.
 Art. 6.
 The 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 of whom shall be stockholders, who shall 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 or 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 shall consist of President. Vice President Secretary, Treasurer and General Man ager, who shall be elected by the Board Of Directors annually and shall held their offices until their successors are elected and qualified, unless removed by the Board.
 The Directors shall have the right tc fill any vacancy caused by death. res ignation or removal, in the officers oi on the Board of Directors, the persons 90 elected to hold office the same as il elected at q regular stockholders meet. ing.
 Art. s.
 The Board of Directors may. by unanimous vote. designate two or more Of it's members to constitute an eXecu tive committee, with full power [, transact business for the whole BoarC cn any given measure provided for 1T the resolution appointing said executiv, committee
 Art. Q
 The private property of the officers Directors and stockholders of this cor poration shall rot be liable for the debt; of the corporation. however incurred The highest amount of indebtedness O ! liability to which this corporation shal be subject shall not exceed $500, 900. co
 Art. 10. The meetings Of the stockholders O this corporation shall be held at th, principal place of business of the cor poration on the first Monday of eacl year, beginning with 1904. Art. H.
 The stockholders and Directors ma. adopt such rules. regulations and by | laws for the government of the corpo ration and the future conduct of it business as may be deemed wise. no i 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. 12
 The stockholders. when unable to b present, may vote by proxy at an. stockholders meeting, upon any and al questions submitted for consideration i as though present in person. but tn 1 person holding such proxy shall be stockholder of record in this company 1 In testimony whereof we have here unto subscribed our names this Ct | day of January, A. D. 1903 1 R. K. KELLY of Mountain Park Okla ! A. w. STUBBS of Kansas City, Kan l w. J. NELSON of Kansas City, Mo. L. C. LEE of Kansas City, Mo. l State of Missouri.
 ! County of Jackson. Before me, Wilbur r. Henry. a No ! tary Public in and for the County O Jackson. and State of Missouri, person ally appeared R. K. Kelly. A W | Stubbs, w. J. Nelson, L. C. Lee. to m personally known as the persons who's names are subscribed to the foregoin instrument. and who each acknowl ] edged before me that he executed tn same for the purpose and considerable therein set forth
 In testimony whereof I have thI | 9th day oi January. 1903, set my han and official seal.
 (SeaD w. F. HENRY.