Daily Arizona silver belt. (Globe, Gila County, Ariz.) 1906-1929, 1908-06-13
LEGAL ADVERTISEMENTS.

centrate, treat, and reduce all kinds of
ores, metals and minerals and mineral
substances; and to do and perform all
awful acts and things necessary, or ex-
pedient to be done in order to fully
carry out and accomplish the foregoing
purposes. Also to establish and con-
duct stores for the buying and selling
of general merchandise, and such other
products as it may be deemed advisable
for the convenient conduct of Affairs
for this corporation.
ARTICLE vi.
The authorized amount of capital
stock shall be One Hundred Thousand
Dollars ($100,OO0.O0), divided into One
Hundred Thousand (100000) shares of
the par value of One Dollar ($l.00) per
share. At such time as the Board of
Directors shall direct, said Capital
Stock shall be paid in, either in cash or
by the sale and transfer of real or per-
sonal property or the assignment of
contract therefor to the said corpora
ton for its uses and purposes, in pay
ment for which capital stock may be
issued; and the stock so issued shall
thereupon and thereby become and be
fully paid and worcestershire; and the
Judgment of the directors as to the
value of such property or contracts
shall be conclusive.
ARTICLE v.
The time Of the commencement of
this corporation shall be the date Of
the fling in the Office of the County
Recorder of ella County, Arizona, of u
certified copy of these Articles of In
corporation; and the date of termina-
ton shall be twenty-five esq years
| thereafter.
ARTICLE VT.
The affairs of this corporation shall
be conducted by a board of not less
| than three nor more. than five Directors,
a majority of whom shall decide ali
matters pertaining to the business of
| this corporation. The following named
| uersons shall constitute such Board,
with the right to elect as Directors such
! other persons as they may deem best /;
but the total number Of such persons
20 elected, together with the persons
herein named as Directors, shall not ex-
ceed FIVE:
JOHN w. PROUT, Director
JOHN w. PROUT, JR.. Director
| L. NJ. PROUT, Director.
The election of further Directors, and
of the following officers of the corr cga.
ton. President, Vice President, Secre
tary, Assistant Secretary, and Treas.
urer, may take place at any regular
meeting of the Board of Directors rs
above named; and thereafter the Boar
IF Directors shall be elected from
among the stockholders, at the regular
meeting of the stockholders, on the
Third Tuesday of the month of june
IF each year, and shall serve until their
successors are duly elected and quail
fed
| At the first regular meeting of the
| Board of Directors after such annual
| election the said Board shall elect from
among themselves the following officers
| If the corporation, who shall serve nm
I'll their successors are properly elected
Land qualified: A President, Vice Presi
dent, Secretary and Treasurer, and suel
minor officers as the Board may deem
I wise and expedient to have. The of
Zee of Secretary and Treasurer may, a
he discretion of the Board of Directors
be held by one person.
ARTICLE VII.
The highest amount of indebtedness
or liability to which this eorporati.g
shall at any time subject itself sha!
be Fifty thousand ($50,00O.00) Dollars
ARTICLE VIII.
The private property of shareholder
in this corporation shall be at all time
exempt from corporate debts of what
soever nature.
ARTICLE TX.
The Board of Directors shall adop
Bylaws for this corporation, whirl
may be altered, repealed, or amended
by said Board.
IN WITNESS WHEREOF we hav,
hereunto set our hards and affixed on
seals this 9th day of June, 1905.
JNO. w. PROUT, Seal.
JOHN w. PROUT, JR. Seal
T.. M. PROUT. Seal