Arizona silver belt., 1905-09-28
ARTICLES OF RECONSIDERATION
of Gibson Lumber Company.

Lt ,yp S l.. GlDSon, VIII. ilcnuef
 tna' '.ni Anton Trojanovich of the Tow
 S%5IcGh, S%Ic County of Gila and Territor,
 Of Arizona. do hereby associate our
 o,t ,t,,s together for the purpose o
 Sn,,,rr a corporation under the law,
 lTE,b. Territory of Arizona, and to thi
 oL y,r do hereby declare and adop
 U CT" f,IIowinC articles of incorporation
 t'' prrrIE The names of the incor
 rators are $. l.. Gibson, Wm. Hen
 CrSon and Anton Trojanovich' tn, u,,,, of this corporation shall be and i: %Is,n Lumber Co.,, and the principa ',I,r, of transacting the business ol I;i r,rporation shall be and is at tn, T,,,r of Globe, County of Gila anC Territory of Arizona. Provided how aver that branch offices may be estab- Gsbed at such other places as may be deemed necessary or convenient, at Which branch offices, when so estab- Tsb,d. such business may be trans arteI bv the officers, agents and em- ,,I,yss of this corporation as shall not h, nm conflict with the laws of the Territory of Arizona or such bylaws as may hereafter be adopted.
 ARTICLE 1.-The general nature of tbr business proposed to be transacted shall be and is the establishment and maintenance of a wholesale and retail mmbsr business, and to this end to se- rurr by purchase or otherwise and thereafter own and hold any and all I,nJs and buildings necessary or con yrnient for the carrying on of whole sale and retail lumber business; to ac- ouirr by purchase or otherwise, and thereafter own and hold any and all lands. growing timber, saw mills and an appliances and machinery herewith connected: to construct and lawfully nperate toll roads leading to and from any lands or sawmills owned or oper- atcd by this corporation; to secure Tn 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 inc purposes for which this corporation is organized; to borrow money and con tract debts or other obligations within inc limits prescribed in these articles of incorporation; in such manner and upon such terms and upon such securl- 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 a 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 1895, ,OOO.O0) divided into two hun dred and fifty shares of the par value of One Hundred, (SlOO. OO) 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- csiOn in this respect shall be final.
 ARTICLE IV-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 Ga County, Territory of Arizona, pro- yidcd 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 shal 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 ln The first annual meeting of stock holders for this purpose and for the transaction of such other business as may properly come before 1t, shall be held on the second Monday of March, l905, 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 such board a 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 cd officers, shall constitute the board of directors and officers of this corpor- alton, viz: Anton Trojanovich, presi- dent and general manager; $. 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 CTS and duties while so acting as the board of directors and officers of this corporation shall include the adoption oi a cyrporate seal and the afiixing uereo. to any stock certificates or other instruments in writing, which may be issued by them under the pow CTS herein conferred, as well as the adoption of all necessary bylaws for ne internal conduct and management ol the affairs of this corporation.
 ARTICLE VI. The highest amount of Indebtedness or liability to which this corporation shall at any time subject lars.
 ARTICLE VII.-Private property of