Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1906-11-04
ARTICLES OF INCORPORATION OF
THE DULUTH EXPLORATION
COMPANY.

Know all men by these presents:
/ That we, the undersigned, have this
( day associated ourselves together for
| the purpose of forming a corporation
under the laws Of Arizona, and for that
purpose do adopt the following char
/ ter:
/ Article I. The name of this corpora
/ tion shall be Duluth Exploration
| company"
Article II. This company shall keep
| a local office in Phoenix. Arizona. and
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 incorporates. 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
/ $20O.0O0.0O, 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 tn
/ board of directors shall designate, in
money. property. labor or any other
valuable right or thing. and the iudg-
ment of the board of directors or man
aging officer as to the value thereof
shall be conclusive.
Article ". The general nature OF
the business in which this corporation
shall engage is as follows. to-wit:
Mining in all its branches, owning all
kinds Of property necessary or conven-
lent thereto; reducing or smelling
ores; owning, operating. buying. SELL
ing and leasing, both as lessor and
lessee, all kinds of mining property,
real 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 a general mining business;
holding stock in other corporations,
and engaging in any and all classes
Of business that a natural person
might or could I'm the United states
or in any part of the world.
Article V: The management of this
corporation shall be vested in 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 s. Ely, Z. Emmons,
John E Merritt, Horace 5. 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 $3.50, 10000.
Article VII. The duration of this
corporation shall be twenty-five years
from date hereof, but it's charter
rights may be renewed from time u
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 its 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, 1896.
.................( Seal)
..................(S eaD
..--.-............( SeaD
State of Minnesota, County of St
Louis. ss.
Before me, ..........a notary
public, in and for said county, and
state, on this day. personally appeared
Z. Emmons. John E. Merritt and Hor-
ace s. Davis, known to me to be the
/ persons who subscribed to the forego-
4 ing instrument and acknowledged to
me that they executed the same for the
purposes and considerations therein
/ expressed. Witness my hand and seal
this day of October, 1906.