Arizona republican., 1906-05-08

real estate, manufacturing and mercan- tile business; to own, handle and control letters patent and inventions, and shares of the capital stock of other corporations; to borrow money and ex- ecute notes, bonds, mortgages, or deeds of trust to secure the same, and to eX- ercise in respect of all such notes, bonds, mortgages, shares of capital stock and other securities and obllga- tions. any and all rights, powers and privileges of individual owners thereof, | including the right to vote upon any share of the stock held by it to the same extent that a natural person might or could do; and in general to ! do all things necessary to the proper l conduct of the business of this corpor- ation in the territory of Alaska and | Dominion of Canada, not inconsistent with the laws of the United States and the territory of Arizona. THIRD.
 ] The total authorized capital stock of i this corporation shall be million (S4.- 1 900 ,OO0), divided into four million (4,- l 0O0,000) shares of the par value of one l dollar (S1. O0) each. All of such total authorized capital stock shall be com mon stock, and each holder of shares | shall in proportion to his number Of l shares receive equally with all other ] q l of the corporation. The payment Of sucn profit shall be made annually as fixed by the bylaws or by resolution of the board of directors.
 FOURTH
 At such time as the board of direct | ors may by resolution direct, said cap 1 ital stock shall be paid into the ccor- poration either in cash or by the sale and transfer to it of real or personal property for the uses and purposes of the corporation, in payment for which Il snares of the capital stock of said cor !. pOration may be issued, and the capi- Y tai stock so issued shall thereupon and t thereby become and be fully paid up l and nonassessable, and in the absence l of actual fraud in the transaction the + judgement of the board of directors as to the value of the property shall be i conclusive.
 r FIFTH
 i The board of directors from time to II time shall determine whether and to ! what extent. and at what times and II places, and under what conditions and regulations the accounts and books of the corporation, or any of them, shall l. be open to the inspection of the stock . holders: and no stockholder shall nave any right of inspecting any accounts l or book or document of the corpora tfon except as conferred by statute or authorized by the board of directors, or E by resolution Of the stockholders. The books of the corporation shall be kept at such of the company's offices with in or without the territory of Alaska. as shall be decided upon by its board | Of directors.
 II The members of this corporation ! shall not be considered personally li- able
 SEVENTH.
 The time of the commencement of this corporation shall be the date of the filing of these articles of incor- poration in the recorders office in the city of Nome, territory of Alaska
 EIGHTH.
 The duration of this corporation shall be twenty-five years.
 NINTH.
 The affairs of this corporation shall be conducted by a board of directors, who shall be elected by the stOcl1hold- CTS from among their number upon completion of its organization, and wnose number. qualifications term of service. compensation. etc. shall be fixed by the bylaws of the company The board of directors shall be elected at annual meetings. held the second Monday in January of each year
 TENTH
 The highest amount of Indebtedness or liability, direct or contingent, to which this corporation is at any time subject shall be twenty-five thousand dollars (S25, ,OOO).
 In witness whereof. we have here unto set our hands and seals, this goth day of February, A. D., 1906-
 EMMANUEL c. BURKLUND,
 AUGUST LOFGREN. JOHN r. HELLENIUS- l For hn incnrnnra forS.