Mohave County miner., 1905-06-10

business of banking or in a business of cor poration intended to derive profit from the loan and use of money. To make contracts; to purchase lease, bond locate or otherwise dispose of, pledge mort any and all kinds of personal property, mines mining claims, oil lands, coal lands, mineral lands oil, gas, coal shale, asphaltum, petrol cum, asbestos, salt. water and water rights and machinery, and to work mine, explore, operate and develop the same; and in general to do all things necessary to the proper conduct of the business of this corporation in the Territory aud elsewhere not inconsis, ent with the laws of the United states and the Territory of Ari Zona.
 Third The authorized amount of capital stock of this corporation shall be One Million ($l ,0OO, ,OOO) Dollars, divided into One Million shares of the par value of One Nl.OO) Dollar each. Said capital stock shall be paid in to this corporation within six months from the date of filing of a certified copy of these Arti- cles of Incorporation in the office of the Terri. torial Auditor either in cash, or by the sale and trausfer to it of real or personal property for the uses and purposes of said corpora tion, in payment for which shares of the capital stock of said corporation may be issued and the cap ital stock so issued shall thereupOn and there by become and be fully paid up and non. n.assess- able. and in the absence of actual fraud in the transaction the judgm ent of the directors as to the value of the property purchased shall be conclusive
 Fourth The tim, of the commencement of
 
 of certified copy of these Articles of Incor. poration in the off ce of the Auditor, and the termination thereo' shall be twenty-five years thereafter.
 Fifth: The affairs of this corporation shall be conducted by a b bard of seven directors. and the following namei shall constitute the Board of Directors until their successors are elected: James R. Haddock, Herbert T. Muzzy, J. F. Halstead, Coyle J. Tracy, E s. Osborne, Fred knoblOck and John Breiner. Thereafter the board of directors shall be elected from the stockholders on the first Saturday Of November of each year.
 successors are elected shall be James R. Had. dock, President, H. T. Muzzy. Vice-President, J. F. Halsted, Treasurer. Coyle J. Tracy. Sec retary, and D. S. O. borne, General Manager. Sixth: The highest amount of indebted ness or liability, direct or contingent. to which this corporation is at any time subject shall be Five Hundred Thousand S5O0000.0O Dollars. which amount does not exceed two thirds of the capital stock
 Seventh: The private property of the stock holders of this corporation shall be exempt from corporate debts of any kind whatsoever. In Witness Whereof we have hereunto set our hands and seals, this the thirty first day of May, A. D 1905.
 JAMES R. PADDOCK, .
 HERBERT T MUZZY,
 J. F. HALSTED
 COYLE J. TRACY,
 E. s. OSBORNE.
 FRED KNOBLOCK,
 JOHN BREINER. STATE OF CALIFORNIA Ss County of Los Angeles. "'
 On this thirty first day of May. A. D. 1905 be- fore me- Ralph E. Pearce, Notary Public in and for the County of Los Angeles. State of California personally appeared James k. Had dock Herbert T. Muzzy, J. F. HaSted, COyle J. Tracy, E. s. Osborne, Fred knoblock and John Breiner. known to me to be the persons described in, whose names are subscribed to- and who executed the annexed inst ument and they acknowledged to me that they executed the same for the purposes and considerations therein expressed.
 In Witness Whereof, have hereunto set my hand and affixed my official seal the day and year last above written.
 (SeaD RALPH F. PEARCE.
 Notary Public. My commission expires April, 1909. Recorded at request of Fred w. Morrison June lst, A. D. l9J5, at o'clock a. m.. in Book ?, pages 294 to 297 of Incorporation Records of MOhave County, Arizona Territory.
 (Seal THOS MCNEELY,
 County Recorder. First publication June 8, 1905
 Last DublicatlOn ,1ulV B.