Arizona silver belt., 1905-08-24
ARTICLES OF INCORPORATION
OF Gibson Lumber Company.

selves together for the purpose of
forming a corporation under the laws
of the Territory of Arizona, and to this
end we do hereby declare and adopt
the following articles of incorporation:
ARTICLE /. The names of the incor-
porators are S. l.. Gibson, VIM. Hen
derson and Anton Trojanovich the
name of this corporation shall be and is
Gibson Lumber Co., and the principal
place of transacting the business of
said corporation shall be and is at the
Town OF Globe, County of ella and
Territory of Arizona. Provided how
ever that branch offices may be estab-
lished at such other places as may be
deemed necessary or convenient, at
which branch offices, when SO estab-
lished, such business may be trans
acted by the officers, agents and EN-
ployes 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-
venient for the carrying on of whole
sale and retail lumber business; to ac-
quire 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 opef-
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 securi-
ties as may be authorized at any regu-
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
tion 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 III. The authorized capital
stock of this corporation shall be and is
the sum of Twenty Five Thousand Dol
lars ISIS, 100000 divided into two hun
dred and fifty shares of the par value
of One Hundred, $500 00) 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-
vided 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 1
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 I
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 I
n. The first annual meeting of stock /,
holders for this purpose and for the
of such other business as
nay properly come before it, shall be
leld on the second Monday of March,
9O6, and such meetings shall thereaf-
er be held on the same day of each
year. The affairs of this
shall be conducted by a
,oard of three directors who shall elect
rom among the members composing
uch board president, vice presi-
lent, secretary, treasurer and
'eneral manager. Until such board of
directors shall have been elected the
GLOWING named persons, who are also
erein designated as the following NAM
d officers, shall constitute the board ,
4 directors and officers of this corpor-
ton, viz: Anton Trojanovich, presi-
ent and general manager; S. l.. Glib ,
on, secretary and vice president; VIM.
henderson, treasurer. Until their sue
essors shall have been elected and ,
such officers shall have and
hey are hereby given full power to do
nd perform any and all duties usually |
onnected with like offices, which pow
RS and duties while so acting as the
GARD of directors and officers of this
orporation shall include the adoption
I corporate seal and the affixing
hereof to any stock certificates or s
Their instruments in writing, which I
lay be issued by them under the pow :
RS herein conferred, as well as the
doption of all necessary bylaws for
ne internal conduct and management
the affairs of this corporation.
ARTICLE vi. The highest amount of :
or liability to which this
shall at any time subject
self is the sum of ten thousand dol
RS.
ARTICLE VII.-Private property of 7
,ockholders in this corporation shall he
tempt from liability for corporate
,bts.