Mohave County miner., 1905-07-01

business of banking or in a business of cor poration intended to derive profit from the loan and use of money.
 To make contracts; to purchase, lease, bond locate or otherwise dispose of, pledge mort gage, hypOthecate and deal in real estate and any and all kinds of personal property, mines, mining claims, oil lands, coal lands, mineral lands. oil, gas, coal shale, asphaltum, petrol, cum, asbestos, salt. water and water rights and machinery, and to work mine, explore, operate and develop the same; and in general to do all things necessary to the proper conduct Of the business of this corporation in the Territory aud elsewhere not inconSis ent with the laws of the United States and the Territory of Ari- zona.
 Third The authorized amount of capital stock of this corporation shall be One Million (Sl ,0OO,OOO) Dollars. divided into One Million shares of the par value of One (Sl.O0) Dollar each. Said capital stock shall be paid in to this corporation within six months from the date of filing of certified copy of these Arti- cles of Incorporation in the office of the Terri torial Auditor either in cash, or by the sale and transfer to 1t of real or personal property for payment for which shares of the capital stock of said corporation may be issued, and the cap ital stock so issued shall thereupon and there. by become and be fully paid up and non assess able. and in the absence of actual fraud in the transaction the judgment of the directors as to the value Of the property purchase d shall be conclusive.
 Fourth: The time of the commencement of this corporation shall be the date of the filing of a certified copy of these Articles of Incor poraton in the office of the Auditor, and the termination thereof shall be twenty five years thereafter.
 be conducted by board of seven directors and the following named shall constitute the Board of Directors until their successors are elected: James R. Haddock. Herbert T. Muzzy. J. F: Halstead, Coyle J. Tracy E. s. Osborne, Fred knoblock and John Breiner Thereafter the board of directors shall be elected from the stockholders on the first Saturday Oi November of each year.
 successors are elected shall be J;mes R. Had dock, President. H. T. Muzzy. President, J. F. Halsted. Treasurer, Coyle J. Tracy Sec retary, and E. s. Osborne, General Manager. Sixth: The highest amount of indebted ness or liability, direct or contingent, to which this corporation is at any time subject shall be Five Hundred Thousand (S50O, ,0O000) Dollars. which amount does not exceed two-thirds of the capital stock.
 Seventh: The private property of the stock. holders of this corporation shall be exempt from corporate debts of any kiUd whatsoever. In Witness Whereof, we have hereunto set our hands and seals this the thirty first day of May, A. D 19O5
 JAMES R. PADDOCK,
 HERBERT T. MUZZY,
 J. F. HALSTED,
 COYLE J. TRACY,
 E. S. OSBORNE,
 FRED KNOBLOCK,
 JOHN BREINER. STATE OF CALIFORNIA co
 County of Los Angeles. 0'
 On this thirty first day of May. A. D. 1905 be- fore me, Ralph E. Pearce, Notary Public in and for the County of Los Angeles. State of California, personally appeared James k. Had dock, Herbert T. Muzzy, J. F. Halsted, Coyle J. Tracy, E. s. Osborne. Fred knObl0ck and John Breiner. known to me to be the persons described in, whose names are subscribed to. and who executed the annexed inst ument. and they acknowledged to me that they executed the same for the purposes and considerations therein expressed.
 In Witness Whereof. have hereunto set my hand and affixed my official seal. the day and year last above written
 (SeaD RALPH F.. PEARCE.
 Notary Public. My commission expires April, 1909. Recorded at request of Fred w. Morrison June lst, A. D. 1905, at 9 o'clock a. m.. in Book ?. pages 294 to 297 of Incorporation Records of Mohave County, Arizona Territory.
 (SeaD THOS. MCNEELY.
 County Recorder. First publication June g. 1905
 Last publicatcr July g.