Arizona silver belt., 1905-10-05

OOO) Dollars, divided into Five Hundre, Thousand (500, ,000) shares of the pa value of One ($1.00) Dollar each, ant the same shall be paid in at such time o times and on such terms and conditions as the board of directors may by reso lution provide. Said capital stock may be paid either in cash or by the sale and transfer to this corporation of any real or personal property. The shares of its capital stock shall be, when is sued, fully paid and non- -assessable, and in the absence of actual fraud ir the transaction, judgment and decision of the board of directors as to the value of the property purchased in exchange for its shares shall be conclusive.
 ARTICLE VII. The management of the business and affairs of this corpor- atlon is hereby vested in and shall be directed and carried on by a board of tve t5) directors. Directors shall be shareholders herein. Until the election or their successors, the undersigned, with shareholders chosen to fill vacan- cies, shall constitute the first board of directors, to-wit:
 k. H. DANIEL,
 $. l.. GIBSON,
 K. CLAYTON,
 OTHo HOLMAN,
 DELoss COPELAND.
 ARTICLE VIlI.-The officers of this corporation shall be president. vice president, secretary and treasurer. The offices of secretary and treasurer may be held by the same person. The president and vice president shall be members of the board of directors. The officers of the corporation shall be chosen by the board of directors at their first meeting after their appoint ment or election. The officers shall hold the respective offices for one year or until their successors are duly elect ed and qualified. The board of directors may fill all vacancies in their number and in the offices of the company.
 ARTICLE TX. Meetings of the share holders of the corporation shall be held on the first Tuesday of December of each year, beginning with the year nineteen hundred and five Q905). The annual meeting of the sharehold- CTS shall be held at the home office of the company.
 ARTICLE X.-The highest amount of indebtedness to which this corporation may at any time be subject shall be fifty thousand ($50, ,000), dollars.
 ARTICLE XI. The private property of the shareholders of this corporation shall be exempt from the debts of the corporation.
 ARTICLE XIr.-These articles of in- corporation may be added to, altered or amended in any part thereof, at any annual meeting of the corporation, or at any special meeting of the share holders, called for that purpose, by the affirmative vote of two-thirds of all the shares present and voting on the pro. posed amendment, providing the shares voted in the affirmative on the ques- tion of the adoption of the proposed one-half of all the shares then issued, provided further that at least twenty days notice of the intended amend ment has been given to the sharehold- CTS with the notice or call for the meet ing at which the amendment is submit ted Tor action.
 ARTICLE XIII. The board of direc- tors of this corporation shall have full power to appoint an executive commit tee of their number, as well as all the necessary attorneys, engineers, agents and other employees, and to adopt, and from time to time alter or amend by laws, rules and regulations for the management of the company's business and for the conduct of it's meetings.
 ARTICLE XIV. - If any director ceases to be shareholder in the com pany, he shall thereby cease to be a director. The directors for the time being shall constitute the board of di- rectors and may conduct and carry on the business of the corporation, not withstanding any vacancies in their number.
 In witness whereof, we have hereun- to set our hands this twenty second day of August A. D. 1905.
 (SeaD R. H. DANIEL,
 (SeaO K. CLAYTON,
 (SeaD s. l.. GIBSON. TERRITORY OF ARIZONA, ss
 County of Gila. '''
 On this day, before me, Hinson Thomas a notary public in and for the County of Gila, Territory of Arizona, personally appeared R. H. Daniel, K. Clayton and ,. l.. Gibson personally known to me to be the persons whose names are subscribed to the foregoing articles of incorporation and acknow- ledged to me that they executed the same for the purpose and consideration therein expressed.
 Given under my hand and seal of office, this twenty second day of Aug ust A. D. 1905.
 My commission expires Dec. 2, 1908.
 HINsoN THOMAS, (SeaD Notary Public. TERRITORY OF ARIZONA, ss
 County of Gila. '''
 I, w. D. Fisk, county recorder in and for the County of Gila, Territory of Arizona, do hereby certify that the above and foregoing contain and con stitute full, true and correct copy of Articles of Incorporation of the Miami Copper Company as the same appears of record in my office in Book 1 of Cor porations at page 249; that have compared the same with the origina record and that the same is a true transcript and of the whole thereof.
 Given under my hand and seal of office this 22nd day of August, A. D.