Arizona republican., 1906-11-13
ARTICLES OF INCORPORATIION
 Of the TALMAGE LEASING & DEVELOP ING COMPANY

of forming a corporation under the i laws of the territory of Arizona, have this day voluntarily associated our | selves together into body corporate | and do hereby make, sign and acknowl- | edge. each for himself, and do adopt | these articles of incorporation and do | hereby certify:
 FIRST. The name of this corporation and by which it shall be authorized to act is TALMAGE LEASING & DE ! VELOPING COMPANY.
 SECOND. The names of the incorpO- rators are. Walter S. Dillon, c. Y. Boardman and Alexander McHugh. and the principal office or place for transacting business of this corporation shall be in the city of Phoenix, coun- | ty of MaricOpa. territory Of Arizona,
 but branch offices may be kept and maintained at such other place or places. either in the United States of
 America or foreign countries. as the board of directors may from time to
 time determine. At any of these off ces meeting of the stockholders and
 directors may be held and all business
 transacted.
 THIRD. The amount of the capital
 stock of this corporation shall be two
 hundred and fifty thousand dollars
 CS25O OOO) divided into two hundred and fifty thousand shares (250.OOO) of the
 par value of one dollar ($1OO) each.
 At such times and under such cOndi-
 tions as the board of directors may di-
 rect, such capital stock shall be paid
 into the corporation either in cash or
 by sale and transfer to 1t of real or
 personal property or by services fer the use and purpose of said corporation
 in payment of which, snares or the
 capital stock shall be issued, and said
 stock when issued shall be fully paid and non-assessible. and the judgment
 of the board of directors as to the value of the property purchased or ser vices rendered shall be conclusive
 The capital stock may be increased or decreased by the affirmative vote of the majority of the stock then issued,
 but in case of the increase of the cap itaI stock, each stockholder shall have the privilege of subscribing for such
 number of shares of the proposed in- crease as he may be entitled to, accord
 ing to the number of shares held by him before the stock is increased
 FOURTH. The time of the com mencement of this corporation shall be
 the day of the filing Of Its articles of
 incorporation in the office of the county recorder of said Maricopa coun-
 ty, and a certified copy in the office of
 the auditor of the territory of Arizo-
 na. and the termination thereof shall
 be twenty-five C25) years thereafter. FIFTH. The business affairs of this corporation shall be conducted by the
 board of directors consisting of elev-
 eu CID members each of whom shall
 be a stockholder. and whenever a di- rector ceases to be a stockholder. he
 shall at the same time cease to be a
 director
 The directors shall be elected annu-
 ally by the stockholders at their annu-
 al meeting. which shall be held on the
 first Monday in November each year
 after the year 1906. Said meeting to
 be held in any of the offices of the
 corporation. and they shall hold their
 offices until their successors are duly elected and qualified
 Voting at such stockholders meeting may be either in person or by proxy duly given in writing at least five (O days before the converting of such meeting.
 Any vacancies in the said board of directors may be filled by the remain
 ing members of the board by appoint
 ment from among the stockholders.
 and such appointment shall be for the unexpired term for which the appoint ment is made.
 l The first board Of directors shall
 consist of the following persons: Wal ter S. Dillon. C. Y. Boardman and Al l exander McHugh and eight (S) others to be named by said board. The ma
 jority of the board of directors shall l constitute a quorum for the transac- | ton of business.
 | SIXTH. The board of directors may 1 eh oprr1rr7fFraa 0F fbras from, among their members, to be known as an executive committee, which com mittee shall act instead of the regular | board and whose powers shall be emu merated and set out more fully in ! the bylaws of this corporation. i The highest amount of indebtedness or liability either direct or contingent. ! to which this corporation is to be at any time subject shall not exceed the sum of one hundred and fifty thousand l dollars (S15O.OOOOO. and the private | property of the stockholders of this 1 corporation shall be exempt from the payment of its corporate debts. ] SEVENTH. The general nature of the business proposed to be transacted | by this corporation is to locate, Duy 1 bond, acquire, hold. lease. own. pos
 sess, operate or sell or otherwise dis pose of mines and mining claims, or prospects of gold. silver or copper and 1 all other minerals. and all kinds of mineral lands or properties; to buy l lease or otherwise acquire, to hold and 1 own, manage, operate, improve. mort | gage. sell or convey or otherwise dis l pose of any developed lands, conces- ] sions, franchises, mining claims. oil wells and any and all other real estate
 and interests in any or saId proper | ties; to engage in the building Of ] stamp mills, smelters and other mills | and the operating of the same, extract | ing precious metals, oorrng, digging 1 drilling, tunneling and exploring for l producing, refining. treating, piping .I handling, storing, dealing in buying
 and selling, gold, silver, copper, coal iron, oil, lead. zinc, salt. petroleum