The copper era., 1905-03-02
ARTICLES OF INCORPORAT1ON
 OF THE METCALF IMPROVEMENT CON-
 PANH

l We. the undersigned. have this day as l sociated ourselves together for the purpose Of forming a corporation under the provisions Of the laws of the Territory of Arizona to engage ! in and carry on the lawful business enterprises and pursuits hereinafter ment toned and we do hereby subscribe and acknowledge according to law these Articles of Incorporation and certify and declare:
 l. The name assumed by this corporation and by which ii shall he known is "Metcalf I'm provement Company and its principal place of business shall be at the town of Metcalf. County of Graham. Territory of Arizona. The ! corporate existence of this corporation shall begin on the day of ;he filing of these Articles l of Incorporation in the office of the county recorder Of said Graham County. Arizona. and a certified copy of the same in the office of the 1 Auditor of the Territory of Arizona. and the termination thereof shall be twenty-five years 1 thereafter.
 2 The nature of the business 10 be trans acted by this corporation shall be to buy, sell. erect own, lease, rent and hold dwelling and other houses in said town of Metcalf and else where. to borrow and loan money. To construct. own. operate and maintain water works. and 10 conduct any other business sppurtenant or auxiliary tO any of the purposes above men toned.
 ! uc dIibuul or tut tdplihl stpth or lNl> corporation shall be twenty y-fve thousand dol lars ls.5.O90 divided into twenty-five thousand shares l25,O)o of the par value of one dollar l SlOO) per share. to be paid for in such manner and to be issued at such time and for such | purposes the board of directors hereinafter provided for shall determine. but no shares of stock shall be sold for less than the par value thereof and all shares when issued. shall be i full paid and non -assessible.
 1. The business of this corporation shall be conducted by board of directors consisting | of three stockholders who shall be tlcctcd annually by the stockholders on the first Sltur- day in February each year said election to be l held at the principal place of business men | toned in these articles, notice of the time and place of such meeting to be given in such man. ner as the bylaws of this corpOrat ation shall 1 provide. Said directors shall hold their office | for the term of one year and until their sue | ccssors shall have been elected and qualified. | The following persons who are subscribers to the capital stock of this corpor ration shall constitute its board of directors until the first Saturday in February of the year 1905 and until their successors shall have been elected and qualified. viz: Lee J. Bros hears, J. C. Ottman and L. s. Randolph. The number of members of the board may be increased by a majority vote of the stock at any regular or special meeting of the stockholders. Vacancies on the board shall be filled by the remaining members. A majority of the members Of the board shall constitute quorum for the trans action of business.
 ,. The officers of this corporation shall con sst of president. vice president and secretary and treasurer who shall be elected by the board of directors meeting of the board of di- roctors shall be held al Mctcalf Arizona on the Fourth day of February. 1905 for the purpose of electing officers of this corporation and thereafter such officers shall be elected annually by the board of directors at the first meeting of said board following the annual election of directors.
 C. The highest amount of indebtedness, di- rect or contingent to which this corporation may subject itself is one thousand dollars.
 :. The stockholders of this corporation and their private property shall be exempt from all liability on account of the debts of this corpo- ration.
 s. The board of directors of this corpora ton shall have power to establish y-laws and make all needful rules and regulations for the management of its affairs and for the govern mcnt of the officers thereof. not inconsistent with the constitution and laws of the United States and the laws of the territory of Arizona.
 In witness whereof, we have hercunto set our hands and seals this Fist day of January. A. D. 19G5
 LEE J. BRosHEAEs. (Scal
 J. C. OTTdAN, (Scal)
 l.. =. RANDOLPH, )Scal) Territory of Arizona, County of Graham, ss.
 Before me. John R. Hampton. notary public in and for the county of Graham, territory of Arizona, on this day personally appeared Lee J. Broshears, I. C. Ottman and l.. $. Randolph known to me to be the persons whose names are subscribed to the foregoing instrument and acknowledged to me that they executed the same for the purposes and consideration therein cxpre ssed.
 Given under my hand and seal of office this the twenty first day of January A. D. 1905
 JOHN R. HAMPTON.
 (SeaD Notary Public. My commission expires August I. 1907. 3-9