The news-herald., 1903-01-03

do hereby associate ourselves together
for the purpose of forming corpora
tion under the laws Of the Territory OF
Arizona, and to that end make the fol- |
lowing statement:
First: The names of the corporators
are George R. Vail, J. Nelson Hood
and William A. Smith, and the name
of the corporation shall be Humala
Mining Company, Limited. The prin-
cipal 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 of business of said cor
poration outside the Territory of Ari-
zona shall be the city Of New York, in
the state Of New York, at which meet
] ings 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 #
directors.
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, as
bestos, salt, water and water rights
and machinery, and to work, mine, ex-
plore, operate and develop the same;
to do a general real estate, manufac-
turing and mercantile business; to
own, handle and control letters patent
and inventions and shares of capital
stock of other corporations; to borrow
money and execute notes, bonds, mort
cages 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
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 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 cor
in +I10
, not inconsistent with the laws of the
: United States and the Territory of Ari-
zona.
Third: The authorized amount Of
capital stock of this corpc ration shall
be three million dollars $4,000, ,00O), di-
vided into three million shares of the
par value of one dollar (S1.00y each.
At such time as the board of directors
may by resolution direct, said capital
stock shall be paid into this corpora
ton either in cash or by the sale and
transfer to it of real or personal prop
erty for the uses and purposes of said
corporation, in payment for which
poration may be issued, and the capital
stock so issued shall thereupon and
thereby become and be fully paid up
and n-aSSeSsable, and in the absence
Of actual fraud in the transaction the
judgment of the directors as to the
value of the property purchased shall
be conclusive.
Fourth: The time of the commence
ment of this corporation shall be the
date of the filing Of these articles OF
incorporation in the Office of the Sec
retary OF Arizona, and the termination
thereof shall be twenty-five years
thereafter
Filth: The affairs OF this corpora
ton shall be conducted by a board of
not more than seven directors, and the
following named shall constitute the
board OF directors until their Successors
are elected: George R. Vail, J. Nelson
Hood and William A. Smith. There
after the board of directors shall be
elected from among the stockholders
as the bylaws of the corporation may
provide. The officers of said corpora
ton until their successors are elected
shall be: George r. Vail, President;
j. Nelson Hood, Vice President; VIII
liam A. Smith, Secretary and Treas
urer.
Sixth: The highest amount of IN
debtedness or liability, direct Or con-
tingent, to which this corporation is at
any time subject shan Ua one hundred
thousand dollars t$100OO0), when
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