Daily Arizona silver belt. (Globe, Gila County, Ariz.) 1906-1929, 1908-06-17

buy, to sell, ana 10 mine, exUuct, coh'
centrate. treat, and reduce all kinds OF |
ores, metals and minerals and minera.
substances; and to do and perform all
awful acts and things necessary, or ex-
Army OF iopIo II! euop oq o.. lue!pa'
carry out ard accomplish the foregoing |
purposes. Also TO establish and con.
duet stores for the buying and selling |
of general erchandise, 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 (sloo0O0.00), divided into One
Hundred Thousand (100,000) 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 it's 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 ".
The time of the commencement of
this corporation shall be the date of
the fling in the Office of the County
Recorder of Gia County, Arizona, of d
certified copy of these Articles of In
corporation; and the date of termina-
ton shall be twenty-five (25) years
thereafter.
ARTICLE vi.
The affairs of this corporation shall
be conducted by board of not less
than three nor more than five Directors,
a majority of whom shall decide ali
matters pertaining to the business ot
this corporation. The following name1
persons 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
so elected, together with the persons
herein named as Directors, shall not ex-
coed five:
JOHN w. PROUT, Director
JOHN W. PROUT, JR., Director
f. NJ. PROUT, Director.
The election Of further Directors, al,
of the following officers of the corIOr
ton, President, Vice President, Secre
tary, Assistant Secretary, and Treas
s urer, may take place at any regular
, meeting of the Board of Directors rs
. above named; and thereafter the Boar
of Directors shall be elected from
{ among the stockholders, at the regula
/. meeting of the stockholders, on th'
+ Third Tuesday of the month of jun
Of each year, and shall serve until ,he
successors are duly elected and quail
J. fed.
At the first regular meeting of tn
Board of Directors after such annua
election the said Board shall elect fror
among themselves the following officer
of the corporation, who shall serve IN
\ til their successors are properly electe
9 and qualified: 4 President, Vice. Pres
- dent, Secretary and Treasurer, and sue
minor officers as the Board may deeI
it wise and expedient TO have. The OF
= fee of Secretary and Treasurer may, a
the discretion of the Board of Director
- be held by one person.
% ARTICLE VII.
le The highest amount of indebtedness
n or liability to which this corporate.
70 shall at any time subject itself sha
be Fifty Thousand 50,000.00) Dollar
" ARTICLE VIII.
:. The private property of shareholder
= in this corporation shall be at all time
exempt from corporate debts of VIA
soever nature.
= ARTICLE TX.
- The Board of Directors shall adoI
"A Bylaws for this corporation, while
nd may be altered, repealed, or amends
,S by said Board
n. IN WITNESS WHEREOF we hay
ri hereunto set our hards and affixed OF
or seals this 9th day of June, 1905.
ne JNO. w. PRoUT, Seal.
u JOHN w. PRouT, JR. Sea
II NJ PROFIT Sea