Arizona silver belt., 1905-12-21
ARTICLES OF INCORPORATION
OF THE
Globe Improvement Association

Globe Improvement Association
 Know all men by these presents, that we, whose names are hereunto sub scribed, do hereby associate ourselves together for the purpose of forming n corporation under the laws of the ter ritory of Arizona, and to that end adopt the following articles of incor- porations, viz:
 The names of the incorporators are E. M. Hurd, Fl. V. Shell, Chas. T. Mar tin, A. T. Hammons, T. A.~Pascoe. w D. Fisk and R. B. Hegardt, citizens of the United States, and residents of tbe territory of Arizona; and the name of the corporation shall be and is Globe I'm provement Association; and the princinal place within the territory of Arizona in which the business of the corporation is to be transacted is Globe. in Cila county, Arizona, and the Corporation may establish branch offices either within or without the territory of Ari. zona where meetings ot the board of directors may be held.
 The general nature of the business proposed to be transacted by this cor pOration IS as follows: To make con tracts, to purchase, lease, bond, or otherwlse acquire, own, exchange, sell or otherwise dispose of, pledge, mort gage, hypothecate, give or take options upon or deal in real estate, mines and mining property, develop and work the same, to erect and construct buildings of all kinds, to lease and let the same and collect the rents therefor, to do general real estate and mining busi- ness, to deal in any and all kinds of personal property, to loan money on real estate, notes, bonds, or other ap- proved security, to accept notes, bonds, mortgages, pledges and other evidences of indebtedness from individuals or other corporations, to purchase, bond, locate or control or otherwise acquire, hold, exchange, sell, pledge, mortgage, hypothecate and deal in franchises, real estate, mines and mining property, and any and all kinds of personal property, to erect, operate and maintain gas works, electric lighting and power plants, wa terpower plants, water works systems, tramways and street railways, to erect and conduct hotels and lodging and boarding houses, to borrow money and execute notes, bonds, mort gages. deeds of trust or other evidences of indebtedness, to secure the same, to issue and sell debentures and bonds secured by mortgages on real es- tate or otherwise secured, to buy, sell and hypothecate shares of the capital stock of other corporations, to own, sell, handle and control letters patent, trade marks and inventions, and exercise in respect to all such shares of capital stock, notes, bonds, mortgages or deeds of trust and other securities and obliga tions any and all rights, powers and privileges of individual owners thereof, and in general to do all things neces- sary and requisite to the proper con- duct of the affairs of this corporation under the laws of the territory of Ari- zona and of the laws of the United States.
 The authorized capital stock of this corporation shall be One Hundred Thousand ($l0O, 900. 0O) Dollars, divided into One Thousand Q00O shares of the par value of One Hundred (S100.00) Dollars each; at such time as the board of directors may by resolution direct, said capital stock shall be paid into this corporation, either in cash or contracts therefor for the use and purpose of this corporation in payment of which shares of the capital stock of this corporation may be issued, and the capital stock so issued shall thereupon and thereby be- come fully paid up and non-assessable, and in the absence of actual fraud in the transaction the judgment of the board of directors as to the value of the property purchased shall be conclu- sive and final.
 The time of commencement of this corporation shall be the date of filing of these articles of incorporation in the office of the auditor of the territory of Arizona, and the termination thereof shall be twenty-five years thereafter,
 The affairs of this corporation shall be conducted by board of seven CD directors, who shall be stockholders in the corporation, and the following nam ed persons, who are stockholders in the corporation shall constitute the board of directors until their successors shall be elected, viz: E. M. Hurd, H. V. Shell, Chas. T. Martin, A. T. Hammons. T. A. Pascoe, w. D. Fisk and R. B. Heg- ardt.
 Thereafter, the board of directors shall be elected from among the stock holders annually on the first day of November of each year. The officers this corporation, until their successors arc elected shall he.
 T. A. Pascoe. e.............President
 H. V. Snell..... .Vice-President
 w. D. Fisk. Secretary
 E. M, Hurd.
 VI.