The oasis., 1906-02-24
ARTICLES OF INCORPORATION
 -OF THE THE PARASITE COPPER COMPANY


 KNOW ALL MEN BY THESE PRESENTS That we the undersigned. Harry Austin Clapp, Arthur w. Davis, Edward K. Austin, each 0f whom is resident and citizen or me United States of America, being desirous of forming corporation under the laws oi the Territory of Arizona, have this day voluntarily associated ourselves together into body cor porate, and do hereby make, sign and acknowl- edge each for himself and do adopt these Articles of Incorporation, and do hereby cer- tify:
 FIRST The name Of this corporation and by which it shall be authorized to act is THE PARASITE COPPER GOMPANY1
 SECOND. The names of the incorporators are Harry Austin Clapp, Arthur w. Davis and Edward K. Austin.
 The principal office, or place of transaction of business Of this corporation shall be At the town of N0gales, santa Cruz County, 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 Ill foreign countries, aS the Board of Directors may. from time to time deterntine at any of which off, ces meetings of the stockholders and directors may be held and all business transacted
 rHIRD The amount of the capital stock of this corporation shall be Two Million Dollars (S2,0O0.0t0) divided into Two Million shares (2OO0,0OO) of the par value of One Dollar t$l.00l each.
 At such times and under such conditions as the Beard uf Directors may direct, such capi- tai stock shall be paid into the Corporation, either in cash or hy the sale and transfer to 1t or real or personal property TOT tlt uses AUu purposes Of said corporation. in payment Of which shares of the capital stock shall be is sued, and such stock when issued shall be fully paid and non-assessable,
 The capital stock may be increased or de- creased by the affirmative vote of the majority of the stock then issued but in tue ease of the increase Of the capital stock, each shareholder shall have the privilege of subscribing for such number Of shares Of the proposed increase as he may be entitled fO according to the number Of shares heid by him before the stock s in creased.
 FouRTH The time of tho commencement of this corporation shall be the day q the filing Of it's Articles of Incorporation 70 the office of the Coulisy Recorder gf santa Cruz County, and certified copy in the office ot the Auditor for the Territory 0f Arizona. and the termination thereCf shall be twenty five years thereafter
 FlFrH. The business affairs oi this corporation shah be conducted by Board Of Directors, consisting Of not less than three nor more than seven members. each of whom shall be q stoekholder and whenever director ceases 10 De ii stockh0lder hc shall at tne same time cease t0 De director
 They shaN be elected annually by the stock holders at their regular annual meeting which shall be un the first Wednesday in March of each year, after Inc year lgl6, in any of the offices of the corporation, and they shall hold their offices until their successors are duly elected and qualified.
 Amy vacancy in the Board of Directors may be filled by the remaining members ol the board by appointment from among the stock holders and such appointment shall be for the unexpired term for which the appointment is made
 The first Board of Directors shall consist of the following persons, to-wit: Harry Austin Clapp, Arthur N. Davis, Edward K. Austin and four other persons to be named by these three. A majority of the Board of Directors shall constitute quorum for the transaction | of all business.
 SIXTH The highest amount of indebtedness or liability. either direct or contingent, 10 which this corporation is at any time to sub l ject itself, shall not exceed the sum of Seven l Hundred and Fifty thousand (s75O ,U00) dollars and the private property of the stockholders of this corporation shall be exempt from the 1 payment of it's corporate debts. | SEVENTH. The general nature of the business i proposed to be transacted by this corporation is to locate, buy, bond, acquire, hold, own, lease, possess. operate or self or otherwise dis | pose of mines and mining claims, or prospects | of gold silver or copper and all other minerals and all kinds of mineral lands or properties: to buy, lease, or otherwise acquire to hold and own, manage, operate, improve, mortgage, sell, convey or otherwise dispose of and devel- ope lands, concessions franchises, mining claims, oil wells and any and all other real estate and interests in any of said properties Co engage in the building of stamp mills, smelters and other mills and the operating of l the same, extracting precious metals boring, digging. drilling. tnnneing and exploring for,