Arizona republican., 1906-11-02
ARTICLES OF INCORPORATION OF
THE DULUTH EXPLORATION
COMPANY
Know all men by these presents:

/ Know all men by these presents:
! That we. the undersigned. have this
! day associated ourselves together for
I the purpose of forming corporation
3Inder the laws of Arizona. and for that
4nrpose do adopt the following char
ter:
! Article T. The name of this corpora
ton shall be Duluth Exploration
company"
4 Article II. This company shall keer
a local office in Phoenix. Arizona. AMI
may keep other principal offices and
places Of business at Duluth, State of
Minnesota, and Milford. State of Utah;
at any of which places of business
meetings of incOrporators. stockholders
and directors may be held and corpo-
rate business may be transacted
Article III The amount Of the cap
ital stock of this corporation shall be
$200.000.0O, divided into 10000 shares
Of the par value of $1,000 each Said
capital stock shall be paid up at the
date of issuance, or at such time or
times and in such amounts as the
! board of directors shall designate. in
money, property, labor or any other
Ivaluabiesright or thing and the judg-I
ment of the board of directors or man
aging officer as to the value thereof
shall be conclusive.
Article ". The general nature or
the business in which this corporation
shall engage is as follows. to-wit:
Mining in all its branches, owning ali
kinds of property necessary or conveu-
lent thereto; reducing or smelling
ores; owning. operating, buying. sell
ing and leasing both as lessor and
lessee, all kinds of mining property.
reaf estate, personal property. ease
ments. franchise rights of way. patent
rights, water rights, mill rights. tele-
phone. telegraph and all other things
necessary or convenient to the carry
ing on of general mining business;
holding stock in other corporations
and engaging in any and all classes /
of business that a natural person
might or could in the United states
or in any part Of the world.
Article V: The management of this
corporation shall be vested in a board
Of five directors. who shall be elected
annually the second Tuesday of Octo
Der of each year as the bylaws shall
provide. The first board Of directors
shall be Henry 5. Ely, +. Emmous.
John +. Merritt. Horace =. Davis and
L. c. Merritt, all residing at Du
luth, Minnesota, and they shall serve
until the first annual election, to be
held in the year 1907.
Article VI The highest amount Of
liability that this corporation shall in
cur at any one time shall be the sum
of S15O,O0O.0O.
Article VII. The duration OF this !
corporation shall be twenty-five years |
from date hereof, but its charter |
rights may be renewed from time II |
time perpetually. Each renewal shall /
not exceed twenty-five years.
Article VIII. The private property |
of the stockholders of this corporation /
shall be and is hereby made forever |
exempt from liability for it's debts and /
other obligations.
Article TX. The capital stock of this |
corporation shall be and is hereby |
made forever worcestershire by this /
corporation for any purpose.
In witness whereof, we have here |
unto set our hands and seals this /
....... day of October, 1906.
..................( SeaD !
....<.........-...C SeaD |
....-..-....-........( SeaD |
state of Minnesota, County of St
Louis. IS.
Before me, ................ a notary |
public, in and for said county. and /
state, on this day, personally appeared |
+. Emmons, John +. Merritt and Hor-
ace s. Davis, known to me to be the |
persons VINO subscribed to the forego-
ing instrument and acknowledged to
me that they executed the same for the |
purposes and considerations therein |
expressed Witness my hand and seal
this $500. day of October, 1906.