Arizona republican., 1906-11-03
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 corpora tion
under the laws of Arizona and for that
EUrpose do adopt the following char
ter:
Article 1. The name of this corpora
ton shall be Duluth Exploration
company"
Article II This company shall kesr
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 b.
$200.0OO.OO. divided into 10000 snaras
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 judg-
ment of the board of directors or man
aging officer ass to the value thereof
shall be conclusive.
Article ". The general nature OF
{ the business I'm which this corporation
shall engage is as follows. to-wit:
Mining i'm all its branches. owning all
kinds of property necessary or conveu-
lent thereto; reducing or smeItinz
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. teIe-
phone, telegraph ana 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 in the United states
or i'm 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 s. Ely, E. Emmons.
{ John Z. Merritt Horace s. Davis and
L. g. 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 $15OO0O.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 its debts and
other obligations
Article X. The capital stock of this
corporation shall be and is hereby
made forever nom assessabIe by this
corporation for any purpose.
In witness whereof we have here
unto set our hands and seals this
day of October, 1896.
..-..-.--...-... CSeaD
.-.-.---...........-. tSeaD
State of Minnesota. County Of ST.
Louis, SIS
Before me, ....-...........a notary
public, in and for said county. and
state, on this day, personally appeared
r. Emmons, John Z. Merritt and Hor-
ace :. 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 day of October, 1906