Arizona republican., 1906-01-25

this corporation is to mine. smelt and reduce the precious metals. to make con- tracts; to purchase, lease. bond. locate or otherwise acquire, own, exchange. sell or otherwise dispose of. pledge. mort gage. hypothecate and deal in real estate and any and all kinds of personal prop erty, mines, mining claims, oil lands coal lands, mineral lands. oil, gas. coal. shale. asphaltum. petroleum asAestOs. sale water and water rights and machinery, and to work, mine, explore. operate and develop the same; and in general to do duct of the business of this corporation m the Territory and elsewhere. rot in consistent with the laws of the United States ana the Territory of Arizona
 Third: The authorized amount Of cap ltaI stock or this corporation shall be one million dollars (xl Quo COO divided into one million shares of the par value of one dollar tSLo0) each. At such times as the board of directors may by resolution di- rect, said capital stock shall be paid into this corporation. either in cash or by the sale and transfer to il of real and ana purposes of sad corroration. issued shall thereupon and thereby be- come and be fully paid up anc non S-SseSs'thIe. and Tn the absence of actual ITaud in the transaction the judgment of the directors as to the value of the prop erty pqrchased shall be conclusive.
 Fourth: The time Of the commence ment of this corporation shall be the date of the Hing of a certified copy of these articles of incOrD0ration in the of fee Of the auditor and the termination thereof shall be twenty-five years there
 Firth: The affairs Of this corporation shall be conducted by a board of five di- rectors and. the following named shah constitute the board of directors until their successors are elected: D. F. Cush- man. W. J. Douglas. A. J. Stlnson. c. L.. Van Schoicl. J.. W. Skelton. There be elected from among the stock 5c.it- holders on the third Thursday in December of each year. The officers of said corporation until their successors are elected shall be; w J. Douglas. president; J. W. Skelton. vice president. t. B. Cushman, secretary; l.. B. Cush-
 sixth: The highest amount Of indebt- edness or liability, direct or contingent, 10 which this corporation is at any time subject shall be two hundred thousand dollars (S200, 000l. which amount does not exceed two-thirds the amount of capital
 Seventh: The private property or the stockholders of this corporation shall be exempt from corporate debts of any kind whatsoever
 In witness whereof. We have hereunto set our hands and seals this fifteenth
 A. J. STINSON CSeaD
 C. F. VAN SCHOICK- CSeaD State of Nevada.
 On this 18th day of December. in the year ls95. before me; Puddy Grimes, county recorder in and for the state and county aforesaid, residing therei,s. duly comm issioned and sworn. personally aD- peared A. |. StinsOn and c. E. Van SchOiek. known to me to be the persons described in. whose names are subscribed to, and who executed the annexed in slrument and they acknowledged to me that they executed the same for the pur- poses and considerations therein eX- pressed
 my hand and affixed my officiGl seal at my office, in the said state and county the day and year last above written
 (SeaD PUDDY GRIMES.
 County Recorder