Arizona republican., 1907-02-18

I
to extract the ore SO purchased anC
left standing in the mines.
The directors must not sell said or,
upon the dumps or standing in tn,
mines with any specific guarantee as L
the actual value of said ore, but al
sales must be made as speculative,
sales, and the buyer must purchas,
same upon his own risk, be the profit
/ to him large, or the loss heavy.
Seventh: Dividends may be declared
| by this company from the profits OF
mining smelling or the sale of ore ex.
tracted from the mines. blocked out, tC
ore spectators or custom mills oil
shelters or through the treatment OF
ore by this company itself, or through
the buying of property and the selling
of the same. The buying and selling OF
mining contracts, the buying and sell.
ing of mills, and machinery or from
any other branch of business author
lied under this charter, all the net
profits may be used to retire any is
sued preferred stock, but whenever
dividends are declared, it must be stat
ed on the face of the dividend notice
the branch of business from which said
profits are derived.
Eighth: The principal office of this
company shall be at Phoenix. Arizona
but it may have branch offices in any
city of the United States and special
meetings of directors and stockholders
may be held in any city of the United
States and in event the company should
own and operate mines in any foreign
country an office may be established
in that foreign country.
Stockholders meetings may be held
by giving ten days notice by mail to
the various stockholders of record, ad-
dressed to the best known post office
address of each shareholder the major
ity. vote of the issued stock when cast
in a stockholders meeting shall be final
and binding upon the entire capital
stock; notices shall be signed by the
president or secretary and such notices
duly signed shall be legal notice for a
stockholders meeting. The annual
meeting of the stockholders must be
held in Arizona.
Ninth: The private property of each
stakeholder or officer of this corpora
ton shall be exempt from corporate
debts and the buyers of the capital
stock of this corporation will buy the
same as speculative in value.
Tenth: The highest amount OF in
debtedness to which this corporation
may at any one time subject itself
shall be two million five hundred thou
sand dollars. unless eight-tenths of the
holders of the total capital stock may
in stockholders meeting decide to in
crease such indebtedness. The annual
interest on bonds or mortgages issued
or assumed by this company shall be
classed as liabilities, but the principal
of said mortgages will not be assumed
without special approval of the major
ity Of the stockholders.
Eleventh: The officers of this corpo-
ration to conduct its affairs shall con-
sist of a board Of directors composed
Of three members to be elected at a
general meeting of the stockholders or
incOrporators upon the filing OF this
certificate of incorporation. The num-
Der of members may be increased to
fifteen. They shall hold office FOR one
year or until their successors are
elected.
Twelfth: The parties associating
themselves together for the purpose of
forming this corporation are Henry y.
Clifford Of New York City, Maude NJ.
Clifford of New York City and Ehud
y. Darling Of Washington, d. c. Each
of the incorporators subscribe for ten
shares of the capital stock.
Thirteen: Property may be acquired
by individual agents of this corpora
ton and held by them as trustees for
this corporation until such times as the
directors may elect to have the same
transferred to this corporation. a di-
rector of this corporation owning in
dividual property or contracts may sell
the same to this company.
Fourteenth: The incorporators or di-
rectOrs may adopt a seal for this cor
form and inscribed with the following
Clifford Mining Company, Incorpo-
rated Arizona 1906"
Fifteenth: The directors shall elect
from their number a president. vice
president, secretary and treasurer; the
president may be general manager; the
secretary need not be a director, if the
directors so elect and the office of sec
rotary and treasurer may be filled by
one person.
Sixteenth: The time or commence
ment of this corporation shall be the
9th day of October 1906. and the time
OF expiration the 9th day of October
1881.
In witness whereof, we have hereunto
set our hands and seals this 9Th day
of October 1906.
In the presence of Frank Cochrane
In the presence of Harry J. Turton.
HENRY B. CLIFFORD, (SeaD
Ten Shares.
MAUDE H. CLIFFORD, (SeaD
Ten Shares.
EHUD y. DARLING, (SeaD
Ten Shares.
State of New York, County of New
York, SIS.
On this 9Th day of October 1906, be-
fore me personally appeared Henry B.
Clifford, to me known, and known to
me to be the individual described in
and who executed the foregoing instru-
ment and he duly acknowledged that he
executed the same.
(SeaD FRANK COCHRANE,
Notary Public (64) New York County.
My commission expires March 80,
1907.
State of New York, County Of New
York, SIS.