Daily Arizona silver belt., 1908-12-06
LEGAL ApvHRrrsEMENrsa
.RrrcLEs OF INCORPORATION
 OF FL CAPTAIN DEVELOPMENT COMPANY M

Thai we. the undersigned, associate .r.elyes together for the purpose of ...orporating under the laws of. the r",,;tory of Arizona and do hereby iSont the following Articles of Incor- rDtion; That the names of the incorporators =. Asher Seip. of Easton, Pennsylva- .;s ; and E. T. Satchell and F. J. FL ,,,t I of Globe, Arizona. The name of .l;s corporation shall be and is Ell sapITAN DEVELOPMENT COM. sINY, and its principal place of busi- .Ss shall be at Globe. Arizona; and ',,b other or branch offices, or places .i business. as may be deemed adyisa. ~. shall be designated and adopted from time to time as its Board of Di- actors shall determine.
 II.
 The general nature of the business pro .sSd to be transacted by the corporation |, A, follows: to locate, purchase, or ac- ,uire otherwise, mineral lands, includ- 10 lode and placer claims, millsites md lands necessary to operate the .ne; to acquire and hold permits and uesal use permits from the Forestry service necessary to the general nature fl the business herein mentioned; to .relop mines and work mining claims, nd 10 ship, treat and smelt all ores ,,d metals extracted; to erect. con ,suet. maintain, operate and lease sam- ding, concentrating and reduction ,orks and other works necessary to irsat the ores; to acquire by purchase, r otherwise, real and personal property, ,s,luding bonds and stocks of other separations, and to lease and mortgage Al or any part of the realty or person. ,lty of this corporation it is BOW pos ,pssed of, be entitled to, or may here ,fter acquire, upon such terms and con IitiOns as its Board of Directors may 1etermine, and to dispose of all, or a art of its property, works, or other Improvements in the manner provided n the bylaws of this corporation; and s do and perform all kinds of business -Aich may be transacted by natural person.
 Me capital stock of this corporation aall be One Hundred Thousand ($l00,- n0r00) Dollars, divided into One Hun 6ed Thousand (l00,000) shares of the ar value of One (sl.00) Dollar each; sch stock to be paid for in cash, prop wty or services, upon such terms and additions as shall be provided for by tOlution adopted by its Board of Di. -etors; and such stock when issued hsll be fully-paid and nonrassessable. ".
 Tke time of the commencement of ais corporation shall be the date of ling the Articles of Incorporation with As County Recorder of Gila County, lnzona, and a certified copy with the Janitorial Auditor, and the corporation aall endure for term of twenty-five s) years from the date of filing af re- aid
 V.
 The affairs of this corporation shall R conducted by a Board of Directors 'onsisting of five (5) persons who shall N elected annually on the second Tues tay of November in each year by stock lOideB of record at the regular annual rseting to be held in the office of the Company, in the City of Globe, Arizona, ii ten clock A. M. of said date. The cheers of this corporation shall consist ia president, vice-president, a sec 'Fary. and treasurer.
 VT.
 Until such Board of Directors snail have been elected and qualified, the hil0wluO namoI ,.avann. xxyho S,h enbers to the stock of this corporation, Aall constitute the Board of Directors: Hvard L. Osterstoek, Asher Seip, Al n Roberts, Kenneth Satchell and Fred j. Elliott; and the following named ersOns are hereby made and constitut- the officers of this corporation, who aal hold their respective offices un h their successors are duly elected and 'aalifed, to-wit:
 Allan Roberts-President.
 Kenneth Satchell-Vice-P President.
 Asher Seip-Secretary.
 Edward l.. Osterstock-Treasurcr.
 The Board of Directors shall have s'er to fill all vacancies in such nsfd, or the offices thereof, caused fesignations, or otherwise, and until asif successors are elected and quail hc, such officers and such Board are 'Heoy given the power and authority V do and perform any and all duties eally connected with like offices, Sleh powers and duties while so act us as officers and directors of this cor p'sson shall be the adoption of all ,'cessary bylaws for the internal con ''el and management of this corpora on, and include the adoption of cor otsie seal and the ,lfixing thereof to " stock certificates or instruments of 'seOrd.
 The highest amount of indebtedness
 inability to which this corporation val, at any time, subject itself shall
 and IS hereby fixed at the sum of sen'y.6ve Thousand (s25, ,000.00) Dol ,.e me private property of the stock suefs Of this corporation shall be ex- sI sN From liability for the payment of "vs of this corporation.
 ~ WITNESS WHEREOF, we have s,uato set our hands this first day
 Oeeember, A. b. 1908.
 ASHER SEP,
 E. T. SATCHELL,
 FRED J. ELLIOTT.
 'hhhITORy nE ApTznNk