The copper era., 1905-02-23
ARTICLES OF INCORPORATION
 OF THE METCALF IMPROVEMENT COM
 PANI

We. the undersigned. have this day as sociated ourselves together for the purpose of ' forming a corporation under the provisions of the laws of the Territory of Arizona to engage [ in and carry the lawful business enterprises and pursuits hereinafter mentioned and we do | hereby subscribe and acknowledge according 10 law these Articles of Incorporation and certify and declare:
 ] I. The name assumed by this corporation and by which il shall be known is "Metcalf I'm provement Company and its principal place of business shall be al the town of Metcan County of Graham, Territory of Arizona. The corporate existence of this corporation shall begin on the day of the filing of these Articles of Incorporation in the office Of the county recorder Of said Graham County. Arizona. and A certified copy of the same in the office of the Auditor of the Territory Of Arizona. and the i termination thereof shall be twenty Ave years thereafter.
 ? The nature of the business to be trans acted by this corporation shall be to buy. sell erect, own. lease, rent and hold dwelling and other houses in said town of Metcalf and else where. to borrow and loan money to construct own operate and maintain water works and to conduct any other business appurtenant or auxiliary to any of the purposes above men toned.
 8. The amount of the capital stock of this corporation shall be twenty-five thousand dol lars (s25 900. divided into twenty-five thousand shares (25.00O) of the par value of one dollar (sl.oO) per share. to be paid for in such manner and to be issued at such time and for such purposes as the board of directors hereinafter provided for shall determine. but no shares of stock shall be sold for less than the par value thereof and all shares when issued. shall be full paid and non ssessible.
 1. The business of this corporation shall be conducted by board of directors consisting of three stockholders who shall be elected annually by the stockholders on the first Satur- day in February each year said election to be held at the principal place of business men toned in these articles. notice of the time and place of such meeting to be given in such man. ner as the bylaws Of this corporation shall provide. Said directors shall hold their office for the term of one year and until their cessors shall have beer elected and qualified. The following persons who subscribers to the capital stock of this corpo ration shall constitute its board of directors until the first Saturday in February of the year 1905 and until their successors shall have been elected and qualified, viz Lee J. Bros shears, J. C. Ottman and l.. s. Randolph. The number of members of the board may be increased by n
 
 special meeting of the stockholders Vacancies on the board shall be filled by the remaining members. majority of the members of the board shall constitute a quorum for the trans action of business.
 }. The officers of this corporation shall con sist of preside nt, vice president and secretary and treasurer who shall be elected by the board of directors meeting of the board of di- rectors shall be held at Mctcalf Arizona, on the Fourth day of February. 1905. for the purpose of electing officers of this corporation and thereafter such officers shall be elected annually by the board of directors at the first meeting of said board following the annual election of directors
 C. The highest amount of indebtedness, di- rect or contingent to which this corporation may subject itself is one thousand dollars.
 :. The stockholders of this corporation and their private property shall be exempt from all liability account of the debts of this corpo- ration. s. The board of directors of this corpora- ton shall have power to establish bylaws and make all ncedful rules and regulations for the of its affairs and for the govern mcnt of the officers thereof, not inconsistent | with the constitution and laws of the United | States and the laws of the territory of Arizona | In witness whereof. we have hercunto set our hands and seals this 2Ist day of January | A. D. 19G5.
 LEE J. BRosHEAEs. (Scal l
 J. C. OTTaAS. (Sehl)
 l.. =. RASDOLPH, )Scal.) Territory of Arizona, County of Graham, ss. Before me. John R, Hampton. notary public in and for the county of Graham, territory of | on this day personally appeared Lee Broshears I. C. Ottmau and L. s Randolph. known to me to be the persons whose names are subscribed to the foregoing instrument md acknowledged tO me that they executed the same for the purposes and consideration therein expreS Ssed.
 Given under my hand and seal of office this he twenty first day of January A D 1905
 JOHN R. HAMPTON.
 (SeaD Notary Public My commission expires August l, 1907. 3-9