Daily Arizona silver belt., 1908-06-19
LEGAL ADVERTISEMENTS

buy, to soil, and to mine, extract, con
ccntrate, treat, and reduce all kinds O
orce, metals and minerals and minera
substances; and 10 do and perform al
lawful acts and things necessary, or OK
pcdient to be done in order TO fully
carry cut and accomplish the foregoing
purposes. Also to establish and con
duct stores for the buying and selling
Of general merchandise, and such othel
products as IT may be deemed advisable
for the convenient conduct Of affair,
for this corporation.
ARTICLE VI
The authorized amount of capital
stock shall be One Hundred Thousan nd
Dollars (sl0O, oOO.00), divided into One
Hundred thousand (100,OO0) shares OF
The par value Of Ono Dollar {sL0O) per
share. At such time as the Board OF
Directors shall direct, said Capital
Stock shall be paid in, either In cash OF
by the sale and transfer Of real or per.
sonal property or tho assignment Of
contract therefor 70 the said corpora
ton for it, uses and purposes, in pay.
ment for which capital stock may DO
issued; and the stock 80 issued shall
thsreupon and thereby become and be
fully paid and nom assessablS; and the
Judgment Of the directors as 70 the
value Of such property or contracts
shall bo conclusive.
ARTICLE v.
Tho time of the commencement Of
this corporation shall be the date Of
the cling In the ofice Of the County
Recorder Of CHA County, Arizona, Of >
certified copy Of thsse Articles Of In.
and the date of termina-
tion shall be twenty-five {e5) years
thereafter.
ARTICLE VI.
The affairs Of this corporation shall
be conducted by q board Of not less
than three nor more than Eve Directors,
q majority Of whom shall decide all
matters pertaining to the business Of
this corporation. The following named
persons shall constitute such Board,
with the right to elect as Directors such
other persons rs they may deem best;
but the total number of such persons
80 elected, together with the persons
herein named rs Directors, shall not OK.
.eed FIVE: -
JOHN W. PROUT, Director
JOHN w. PRoUT, JR., Director
f. NJ. PROUT, Director.
The election Of further Directors, mi
IF the following officers of tho corr0ra-
lion, President, Vice President, Secre
.ary, Assistant Secretary, and Treas
urer, may take place at any regular
meeting of tho Board of Directors Ms
above named; and thereafter the Boar
IF Directors shall be elected from
imong the stockholders, at the regular
meeting of the stockholders, on the
Third Tuesday Of the month of June
# each year, and shall serve until their
successors are duly elected and quail.
led.
At the first regular meeting OF the
Board of Directors after such annual
election tho said Board shall elect from |
among themselves the following officers
# the corporation, who shall serve un.
IL their successor, are properly elected |
md qualified: A President, Vice Presi. |
lent, Secretary and Treasurer, and such |
minor officers as the Board nsy deem
{ wise and expedient to have. The Of |
leo nf Secretary and Treasurer may. at
he discretion of the Board of Directors
'e held by one person.
ARTICLE VII.
Tho highest amount of Indebtedness |
= liability TO which this corporation
hall at any time subject itself shall
e Fifty Thousand $3.50, 000.o0) Dollars.
ARTICLE VIII. i
The private property Of shareholders
a this corporation shall be at all times
xempt from corporate debts of what.
oevcr nature.
ARTICLE TX.
The Board Of Directors shall adopt
BYLAWS for this corporation, which
lay be altered, repealed, or amended
y said Board.
IN WITNESS WHEREOF we have
erennto set our bnrds end affixed o,,r
aals this 9Th day of june, 1905.
JNO. W. PROUT, Seal.
JOHN W. PROUT, JR- Seal.
Z. n. PR0UT. Seal.