The Arizona sentinel., 1907-09-04
Articles of Incorporation of the Mayhew Free Gold Mining Company.


 United States of America. To that end wC do adopt thiS instrument as Articles of In corporation Of said corporation. We dc therefore certify:
 FIRsr-That the names of the incorpora- tors are those which arc chereuntosubscrihrd; viz: Felix Mayhew, George r. Hodges, George II. Barker and w. s. Wright
 The name Of the corporation is fixed as ''Mayhew Free Gold Mining Company"
 The principal place Of business of the cor poration shali be the Town Of Yuma, Yuma County. in the Territory of Arizona
 Meetings of the stockholders of the corpor- ation shall be held at said Yuma, at the office of the corporation.
 Meetings of the directors of the corporation may be held at such place within or without the Territory Of Arizona as may be authoriz- ed by the bylaws Of the corporation. If at any time the directors shall meet at any place not fixed by the bylaws, the acts of such directors shall be valid acts Of the Board of Directors if such meeting be held by the written consent of all Of the directors, or If the acis Of the directors at the meeting be approved by written endorsement Of such approval by the absent directors upon the minutes of the proceedings that may be had at such meeting. or endorsed upon the copy of said minutes filed in the office of the Secretary Of the corporation and certified to by the Secretary as such copy.
 SEcoSD-Thegeneral nature Of the buSi- ness proposed to be transacted by the COZ poration Is as follows:
 Toin any lawful way acquire, own hold, hire rent, pledge, mortgage, sell, improve, lOan, operate, and generally deal in, manage, and ka min m ina reduction mills, hotels, hydraulic, electric and other power plants. transportation lines, railroads and tramways, telephone and tele- graph lines, real estate, stocks, bonds, evil dences Of debt, and other personal property of every character and description. To incur debts, and to execute it's promises to pay the same with interest. To vote upon, and as- sent to or dissent from, all propositions sub- mitted to it as stockhotdcr or bondholder Of any corporation. To guaranty and be- come liable for, the performance of, obliga- tions and payment Of debts. To pledge or mortgage its property for such purpose. To act as agent or trustee, in any lawful man. ner. Through its Board Of Directors to do any and all of it's business as one party, with any of its directors, stockholders, or officers, as other parties, as freely, and in the same manner. as though they were not such direc- tors, officers or stockholders But it is to be generally classed as a mining corporation, and such is to be its principal business.
 1t Is alsO to have and exercise the powers now authorized by Section 765 of the Revised Statutes Of the Territory Of Arizona, which section is as follows:
 Among the powers ofsoch bodies eorpor- ate shall be the following:
 l. To have perpetual succesSio8
 ?. To sue and be sued by the corporate name.
 3. To barefa common seal and alter the same at pleasure.
 To render the shares or interest of stockholders transferable and prescribe the mode Of making such transfers.
 5. To exempt the private property of mem bers from l. ability for corporate debts.
 To make contracts, acquire and trans fer property, possessing the same powers in such respects as private individuals now enjoy.
 :. To establish bylaws and make all rules and regulations deemed cxpedient for the management Of their affairs not incon- Sistent with the constitution and laws of the United States and laws Of this territory"
 THIRD-The amount Of it's capital stock is =, vided into one million shares Of par value Of One Dollar each. The time when, and the conditions upon which. it shall be paid in are as follows:
 The corporation proposes in pursuance of an agreement heretofore made for its benefit, to make a contract, soon as organized for the purchase Of certain mining properties in which Frank AmivIsca ard A. E. Soderman now have an interest The corporation is to agree to pay for the mines and mining prop critics its entire capital stock fully paid and One Hundred Thousand Dollars in addition thereto- the stock to be paid immediately and the One Hundred Thousand Dollars in miscellaneous.
 FoURTH-The corporate life shall commence on the 2Tth day of JHne Ia07, to terminate with the expiration Of twenty-five years from that date.
 FIFTH-The affairs of the corporation are to be conducted hy Board Of Directors to con- sist Of five persons; the number Of directors 70 be Increased at any time by the afFirma- tive vote in favor thereof of persons repre- Fenting a. least two-thirds of its entire capi- Bal stock. The persons who are to serve as first directors are here appointed and are as sOlipws: Felix Mayhew, George F. Hodges, George IF. Barker. William l. Percey and w s. Wright. They are to serve for a period of two years snd until their successors shall have been elected after the expiration of two years; the directors to be elected annually at fhe annual meeting Of the stOckh holders to be held at sReh times as may be fixed hy the By laws 0{ the corporation. All vacancies in the Board ct Directors, excepting when filled at the annual election by stock holders. shall De filled by the Board of Directors, by a nlar tority vote of its members.
 SIxTu-Tbe highest amount Of indebted ness or liability to which the corporation is >t any time to subject Itself is One Hundred and Fifty Thousand Dollars
 SEvESTH-The private property ae the stockholders is to be exempt from corporate debts. No stockholder shall be liable for any debt ereated by the corporation or by it's Board of Directors, officers or agents.
 The capital stock, when issued ss herein provided shall stand as fully paid It shall not thereafter be subject to assessment OFany kind. Iffhe Board of Directors sban order the sale o< any Of the capital stock of this corporation and the same shall be sold and the certificate thereof issued and the same be sold in exchange for property or services and as fully paid, the same shall stand as fully paid in the absence of actual fraud on the part Of the purchaser of said stock and the Board of Directors In the contract Of sale and purchase.
 Dated this 27th day os June l90z.
 FELIX MATHEW.
 GEO. F. HODGES,
 GEORGE H. BARKER.
 N 6 WRIGHT