Daily Arizona silver belt., 1908-12-03
LEGAL ADVERTISEMENTS
ARTICLES OF INCORPORATION OF
 FL CAPITAN DEVELOPMENT
 COMPANY

ourselves together for the purpose of Incorporating under the laws of the Territory of Arizona and do hereby adopt the following Articles of Incor poration:
 That the names of the incorporat6rs are Asher Seip, of Easton, Pennsylva. lnia, and F.. T. Satchcll and F. J. Fl. liott, of Globe. Arizona. The name of this corporation shall be and is Fl. CAPTAIN DEVELOPMENT COM PANY, and its principal place of busi- ness shall be at Globe, Arizona; and such other or branch offices, or places Of business, as may be deemed advisa- ble shall be designated and adopted from time to time as it's Board of Di- rectors shall determine. IT.
 The general nature of the business to be transacted by the corporation is as follows: to locate, purchase, or ac quire otherwise, mineral lands, includ- ing lode and placer claims, millsites and lands necessary to operate the same; to acquire and hold permits and special use permits from tho Forestry Service necessary to the general nature of the business herein mentioned; to dvelop mines and work mining claims. and to ship, treat and smelt all ores and metals extracted; to erect. con straet, maintain, operate and lease sam ping, concentrating and reduction works and other works necessary to treat the ores; to acquire by purchase, or otherwise, real and personal property, including bonds and stocks of other corporations, and to lease and mortgage all or any part of the realty or person. atty of this corporation it is now DOS. sessed of, be entitled to, or may here. after acquire, upon such terms and con ditions as it's Board of Directors may determine, and to dispose of all, or a part of it's property, works, or other in the manner provided in the bylaws of this corporation; and to do and perform all kinds of business which may be transacted by a natural person.
 The capital stock of this corporation shall be One Hundred Thousand (Sl0O.. OO0,.00) Dollars, divided into One Hun. dred Thousand (l00,000) shares of the par value of One ($l.00) Dollar each; such stock to be paid for in cash, prop erty or services, upon such terms and conditions as shall be provided for by resolution adopted by it's Board of Di- rectors; and such stock when issued shall be fully,paid and non-a -assessablc.
 ".
 The time of the commencement of this corporation shall be the date of filing the Articles of Incorporation with the County Recorder of Gila County. Arizona, and a certified copy with the Territorial Auditor, and the corporation shall endure for term of twenty-five (25) years from the date of filing afore- said.
 The affairs of this corporation shall be conducted by a Board of Directors consisting of five (5) persons who shall be elected annually on the second Tues. day Tn November of each year by the holders of record at the regular annual meeting to be held in the office of the Company, in the City of Globe, Arizona. at ten 0 clock A. NJ. of said date. The officers of this corporation shall consist of president, vice-presideut. a sec retary and treasurer.
 VI.
 Until such Board of Directors shall have been elected and qualified, the following named persons, who are sub scribers to the stock of this corporation, shall constitute the Board of Directors: Edward l.. Osterstoek, Asher Seip, Al Ian Roberts, Kenneth Satchell and Fred J. Elliott; and the following named haraht, ,,,aAa ona ed the officers of this corporation, who shall hold their respective offices un til their successors are duly elected and qualified, to-wit
 Allan Roberts-President.
 Kenneth Satehell--Vice President.
 Asher Seip-Secretary.
 Edward L. Osterstock-Treasurer
 The Board of Directors shall have power to fill all vacancies in such Board, or the offices thereof, caused biy Board, or the offices thereof, caused by resiguations, or otherwise, and until their successors are elected and quail fed such officers and such Board are hereby given the power and authority to do and perform any and all duties usually connected with like offices, which powers and duties while so act ing as officers and directors of this cor. poration shall be the adoption of all necessary bylaws for the internal con duct and management of this corpora tion. and include the adoption of cor porate seal and the offixing thereof to any stock certificates or instruments of record
 The highest amount of indebtedness or liability to which this corporation shall, at any time, subject itself shall be aud is hereby fixed at the sum of Twenty-Five Thousand ($25, 5,00000) Dol lars.
 VIII.
 The private property of the stock. holders of this corporation shall be ex- empt from liability for the payment of debts of this corporation.
 IN WITNESS WHEREOF, we have hereunto set our hands this first day of December, A. D. 1908.
 ASHER SEP,
 E. T. SATCHELL,
 FRED J. ELLIOTT. TERRITORY OF ARIZONA,