Arizona republican., 1906-11-17
ARTICLES OF INCoRPoRATIIoN
 Of the LEASING & DEVELOP ING COMPANY.

ING COMPANY.
 Know all men by these presents, lthat we. Walter s. Dillon, C. Y. lBoardman and Alexander McHugh. leach of whom Is citizen of the Unit ed States of America, being desirous lof forming a corporation under the laws of the territory of Arizona, have this day voluntarily associated our selves together into body corporate land do hereby make, sign and acknowl- edge, each for himself, and do adopt
 these articles of incorporation, and do
 hereby certify:
 | FIRST. The name of this corporation and by which 1t shall be authorized to act is TALMAGE LEASING & DE- IVELoPING COMPANY.
 SECOND. The names of the incorpo-
 rators are, wz::sscr s. Dillon. c. Y. Boardman eni Alexander McHugh. and the prime pal office or place for transacting business of this corporation shah be in the city of Phoenix, coun- ty of Maricopa, 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 foreign countries, as the board of directors may from time to time determine. At any of these off ces meeting of the stockholders and directors may be held and all business transacted.
 THIRD. The amount of the capital stock of this corporation shall be two hundred and fifty thousand dollars (s250, ,0O0) divided into two hundred and fifty thousand shares (250.0o0) of the par value of one dollar (s1.o0) each.
 At such times and under such condi- tions as the board of directors may di- rect, such capital stock shall be paid Into the corporation either in cash or by sale and transfer to it of real or personal property or by services for the use and purpose of said corporation in payment of which, snares Of the capital stock shall be issued, and said stock when issued shall be fully paid and non-assessible, and the judgment of the board of directors as to the value of the property purchased or ser- vices rendered shall be conclusive.
 The capital stock may be increased or decreased by the affirmative vote of the majority of the stock then issued. but in case of the increase of the cap ital stock, each stockholder shall have the privilege of subscribing for such number of shares of the proposed in- crease as he may be entitled to, accord ing to the number of shares held by him before the stock is increased.
 FOURTH. The time of the com mencement of this corporation shall be the day of the filing of its articles of incorporation in the office of the county recorder of said Maricopa coun- ty. and a certified copy in the office of the auditor of the territory of Arizo- ma, and the termination thereof shall be twenty-five (2) years thereafter.
 FIFTH. The business affairs of this corporation shall be conducted by the board of directors, consisting of elev- en CID members each of whom shall be a stockholder, and whenever a di- rector ceases to be a stockholder. he shall at the same time cease to be n director.
 The directors shall be elected annu- ally by the stockholders at their annu al meeting. which shall be held on the first Monday in November each year after the year 1906. Said meeting to be held in any of the offices of the and they shall hold their offices until their successors are duly elected and qualified.
 Voting at such stockholders meeting may be either in person or by proxy duly given in writing at least five (5) days before the converting of such meeting.
 nefac f,, ha eafH hna rd sNf directors may be filled by the remain ing members of the board by appoint ment from among the stockholders. and such appointment shall be for the term for which the appoint ment is made.
 The first beard of directors shall ] consist of the following persons: Wal 1 ter S. Dillon, c. Y. Boardman and AL ! exander McHugh and eight (s) others l to be named by said board. The ma jority of the board of directors shall | a quorum for the transac- ton of business.
 SIXTH. The board of directors may | choose a committee of three from l among their members. to be known as | an executive committee, which com ! mittee shall act instead of the regular | board and whose powers shall be emu and set out more fully in | thes bylaws of this corporation.
 The highest amount of indebtedness I or liability either direct or contingent. to which this corporation is to be at | any time subject shall not exceed the | sum of one hundred and fifty thousand | dollars Cs150. .0O0.00), and the private property of the stockholders of this 1 shall be exempt from the payment of its corporate debts. - SEVENTH. The general nature of the business proposed to be transacted by this corporation is to locate, puy. bond, acquire, hold. lease, own, pos sess, operate or sell 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 mort gage, sell or convey or otherwise dis