Arizona republican., 1907-12-21
ARTICLES OF INCORPORATION
OF the Goldmont Mining and Milling
Company.

We the undersigned for the purpose
of forming a corporation under the
laws of the Territory of Arizona to
transact the business hereinafter men,
toned do adopt the following Articles
of Incorporation.
First.-The names of the coraorators
are Homer Pennock. Raymond 2. Hig-
gins and Edmunds p. Schmidt.
The name of the corporation is The
Goldmont Mining and Milling company
and the principal place of transacting
business shall be at Phoenix in said
territory. but the corporation proposes
TO carry on business in the United
States and in such other place or plac-
IS as may be found necessary for the
proper conduct of its business. The
company may have offices at such
places as may be required, and a stock
transfer office in the state of Pennsyl-
vania or at such place wherein the
majority of the officers OF the said
corporation reside and do its business.
Second.-The general nature of the
business proposed to be transacted
will be the mining for gold. silver, cop
per- precious stones and Other min
erals and the proper preparation of
the same for market. The construc-
ton of roads also the building of hous-
es and trading in merchandise. For
all of these purposes the company will
acquire. hold, use and work mining
rights and property. and such other
rights and property as may be neces-
sary in carrying on the business. herein
set forth or connected Herewith
Third.-The amount OF the capital
stock of this corporation shall be Five
Million dollars divided into Five Mil
lion shares of the par value of one dol
lar each. and said capital stock shall
be paid up at the date of issuance, or
at such time as the Board of Directors
may designate, in money, property,
labor, or any other valuable right or
thing. and the judgement of the Board
of Directors or managing officers as
to the value thereof shall be conclu-
sive.
Fourth. The time of the commence
ment of this corporation shall be the
date of these Articles If Incorporation
in the Office of the Auditor of Arizona
and the termination thereof shall be
twenty-five years thereafter.
Fifth.-The affairs of this corpora
ton will be conducted by a Board of
Directors consisting of not less than
five persons, from whom there will be
selected a president, vice president.
secretary and treasurer, and an ex1
ecutive committee. The election or
appointment of other officers or agents
Of the company that may be found
necessary in the conduct of its bust
ness will be provided for in the by
laws of the COmpauy
Sixth. Elections of directors shall
be held annually On the first We'd
nesday in December and an election
of officers shall be made at the first
meeting of the board OF directors
thereafter.
Seventh. The highest amount of in
debtedness or liability to which this
corporation shall subject itself is three
hundred thousand dollars.
Eighth. Private property Of the
members of this corporation shall be
exempt from corporate debts.
Ninth. Among the powers of this
body corporate shall be: LIST. To have
perpetual succession. End. To sue
and be sued by the corporate name.
Bird to have a common seal and alter
the same at pleasure. 4th. To rem
der the shares or interest of stock
holders transferable and prescribe the
mode of making such transfers. 5th.
To exempt the private property of
members from liability for corporate
debts. 9th. To make contracts, ac-
quire and transfer property possess
ing the same powers in sues respect
as private individuals now enjoy.