Arizona silver belt. [volume] (Globe City, Pinal County, Ariz.) 1878-19??, 1905-09-14
ARTICLES OF INCORPORATION
OF Gibson Lumber Company.

Know all men by these presents
that we, S. l.. Gibson, Vim. Hender
SON and Anton Trojanovich of the Tow
of Globe, County of ella and Territor
Of Arizona, do hereby associate our
Sslyes together for the purpose o
f,rming corporation under the law
Of the Territory of Arizona, and to thi
erd we do hereby declare and adop
tbr following articles of incorporation
ARTICLE 1.-The names of the incor
rorators are s. l.. Gibson, VIM. Hen
5erson and Anton Trojanovich; tn,
name of this corporation shall be and il
Gibson Lumber Co., and the principa
Mace of transacting the business o.
said corporation shall be and is at tn,
Town of Globe, County of ella an(
Territory of Arizona. Provided how
ever that branch offices may be estab
Hshed at such other places as may bt
deemed necessary or convenient, al
which branch offices, when so estab.
Eshed, such business may be trans
acted by the officers, agents and en-
ploves of this corporation as shall not
be in conflict with the laws of the
Territory of Arizona or such bylaws
as may hereafter be adopted.
ARTICLE ii. The general nature of
the business proposed to be transacted
shall be and is the establishment and
maintenance of wholesale and retail
lumber business, and to this end to Sc
cure by purchase or otherwise and
thereafter own and hold any and all
lands and buildings necessary or con-
yenient for the carrying on of a whole
sale and retail lumber business; to ac-
0uire by purchase or otherwise, and
thereafter own and hold any and all
lands growing timber, saw mills and
all appliances and machinery Herewith
Connected to construct and lawfully
operate toll roads leading to and from
any lands or sawmills owned or oper-
ated by this corporation; to secure IN
manner provided by law, water and
water rights on the public lands of the
United States, and conserve and use
the same for any purpose necessary or
convenient in the furtherance of any of
the purposes for which this corporation
is organized; to borrow money and con-
tract debts or other obligations within
the limits prescribed in these articles
of Incorporation; in such manner and
upon such terms and upon such curl
ties as may be authorized at any +, gu-
lar or special meeting of the board of
directors; to deal in and acquire by
purchase or otherwise, the stocks,
bonds, debentures property and assets
issued or owned by any other corpora
ton or individual, and in general to do
and perform any and all acts and
things necessary or convenient to be
done or performed in and about the
business of carrying on wholesale
and retail lumber business.
ARTICLE 1.-THE authorized capital
stock of this corporation shall be and is
the sum of Twenty Five Thousand Dol
lars 1925, 0O0. 00) divided into two hun
bred and fifty shares of the par value
of One Hundred, $4,000 Dollars each
share Each share of stock when is
sued shall be fully paid for in cash or
its equivalent, and when so issued
shall be thereafter non assessable, pro-
yided that the board of directors shall
have the power to fix the value of all
property which may be exchanged for
stock in this corporation, and its de
cision in this respect shall be final.
ARTICLE lV-The time of commence
ment of this corporation shall be the
date when these articles shall be filed
in the office of the County Recorder of
ella County, Territory of Arizona, pro-
vided that a certified copy thereof shall
be filed in the office of the Auditor of
said Territory and publication of said
articles had, and affidavit thereof filed
in manner required by law. The time
Of the termination of this corporation
shall be twenty-five years from and
after the date of filing of said articles
in the office of the Territorial Auditor.
ARTICLE V-The affairs of this cor
poration shall be conducted by board
Of three directors elected annually by
and from among the stockholders here
in. The first annual meeting of stock
holders for this purpose and for the
transaction of such other business as
may properly come before it, shall be
held on the second Monday of March,
1906, and such meetings shall thereaf-
ter be held on the same day of each
succeeding year. The affairs of this
corporation shall be conducted by a
board of three directors who shall elect
from among the members composing
such board president, vice presi-
dent, secretary, a treasurer and a
general manager. Until such board of
directors shall have been elected the
following named persons, who are also
herein designated as the following nam
ed officers, shall constitute the board
Of directors and officers of this corpor-
alton, viz: Anton Trojanovich, presi-
dent and general manager; 5. l.. Glib
son, secretary and vice president; VIM.
Henderson, treasurer. Until their sue
cessors shall have been elected and
qualified, such officers shall have and
they are hereby given full power to do
and perform any and all duties usually
connected with like offices, which pow
ers and duties while so acting as the
board of directors and officers of this
corporation shall include the adoption
Of corporate seal and the affixing
thereof to any stock certificates or
other Instruments in writing, which
may be issued by them under the pow
ers herein conferred, as well as the
adoption of all necessary bylaws for
the Internal conduct and management
Of the affairs of this corporation.
ARTICLE VI.-The highest amount of
Indebtedness or liability to which this
corporation shall at any time subject
itself is the sum of ten thousand dol