Arizona silver belt., 1906-12-02
ARTICLE l.

The names of the incorporators are Lyman C. Woods and N. c. Cottee, and the name of the corporation is and shall be The Turkish Angora Goat As scciation. The principal place of tran. sacting the business of this corporation shall be in Globe, Gia County, Terri tory of Arizona. at which place the meetings of the stockholders and di- rectors shall be held Provided. that branch offices may be established and maintained at such other places either within or without the Territory of Ari- zona, as tine stockholders may designate by resolution adopted at any regular or special meeting, and at such places any and all business of the corporation may be transacted which may not be in conflict with the laws of Arizona, or any state or territory where snch branch office or offices may be main tained.
 ARTICLE II.
 The general nature of the business to be transacted .s as follows. to wit:
 To acquire Angora goats by pur chase or otherwise and to hold. breed, rear, care for and dispose of the same to slaughter and sell the flesh and hide of the same at such places and in such manner as may be consistent with the laws of the Territory of Arizona; to shear the wool or hair of the said goats and to sell or otherwise dispose of the said hair and wool; to purchase, lease, or otherwise acquire all necessary buildings and appliances that may be necessary or convenient for the accom- pishment of the purposes above men tioned; to acquire by purchase, lease, location, appropriation or otherwise, and thereafter to own, hold and main tain any and all lands, water and water rights that may be deemed necessary or convenient for the purpose of rang ing, herding, shearing, raising and slaughtering of the said goats; to rent, lease, sell mortgage or otherwise dis pose of the lands, buildings, water and water rights, appliances and property of any nature acquired by the com pany; to borrow money and issue notes. mortgages or other forms of security for the payment thereof; to enter into, make and perform contracts of any kind with any person, firm or corpora ton necessary for the purposes of this corporation, and in general to do and perform any and all acts and things nee essary and convenient to be done in and about the business hereinabove set forth.
 ARTICLE ILL
 The authorized stock of this cor poration shall be and is the sum of One Hundred Thousand ($l00,0U,, Dollars. which capital stock shall be divided in. to Ten Thousand (I0.000) shares of the par value of Ten (Sl0.O0) Dollars per share, each share of stock when issued to be first fully paid for in cash, or in such property or services as may, in the judgment of the board of direc tors, be deemed cash equivalent. and such shares of stock, when so issued, shall thereafter be fully paid up and non assesSable.
 ARTICLE ".
 The time for the commencement of this corporation shall be the time when these Articles shall be filed in the office of the County Recorder of Gila County. Territory of Arizona. and the termin. ation thereof shall be twenty-five (25) years thereafter.
 ARTICLE V.
 The affairs of this corporation shall be conducted by board of three di rectors elected annually by and from the stockholders of this corporation. The first annual meeting of stoekhold CTS for this purpose and for the tran saction of such other business as may properly come before them, shall be held on the first Monday in December, \. D. l906 and such annual meetings 4np L.. kaI1 ( day in each succeeding year. The off cers of this corporation shall consist of n president, vice president, secre- tary and treasurer. Until such board of dierctors shall have been elected the following named persons shall con. the board of directors: Lyman C. Woods, N. C. Cottee and Robert F.. Lee; and, untn such time. the following named persons are hereby made and constituted the officers of this corpora ton: Lyman C. Woods, president; Rob crt F.. Lee, vice president; x. C. Cot tee, secretary and treasurer.
 Such board of directors shall have power to fill all vacancies in such board of the officers thereof caused by rcsig- nation or otherwise. and until their sue tessors are elected and qualified. such board and such officers are hereby givs en the power and authority to do and perform all duties usually connected with like offices, which powers and du- ties, while so acting as officers and directors of this corporation, shall in- dude the adoption of q corporate seal and the atflXin0 thereof to any stock certificates OF other instruments of writing which may be issued or exc cuted by them under the powers herein conferred, as well as the adoption of the necessary bylaws for management of the affairs of this corporation.
 ARTICLE VI.
 The highest amount of indebtedness or liability to which this corporation shall at any time subject itself shall be the sum of Twenty-Five Thousand ($2j,0O0) Dollars.
 ARTICLE VII.
 Private property of the stockhOld- CTS of this corporation shall be exempt from liability for the payment of the debts of this corporation.
 In Witness Whereof, The ineorpora tors have hereunto set their hands this 23d day of November, A. D. 1906.
 LYMAN c. WOODS,
 x. C. COFFEE