Daily Arizona silver belt., 1909-01-08
CERTIFICATE OF INCORPORATION
 OF CACTUS DEVELOPMENT COMPANY

ing corporation under and by virtue of chapter 5s of the Revised Laws of Minnesota for the year 1905 and all acts amendatory thereof and insofar as the same applies to mining companies the undersigned do hereby declare that they do hereby associate together and agree upon the following certificate of incorporation:
 l. The name of this corporation shall be Cactus Development Company, The principal place of business shall be Duluth, Minnesota, and such corpor. stion may transact business in any other part of the world. The general nature of the business shall be the min ing, sInelting, reducing, refining and working of iron and minerals of every nature and description and acquiring such property as may be incidental to the carrying on of such business. II. The period of it's duration shall be thirty years.
 I'll. The names and places of resi- dence of the incorporators are William A. Eaton. H. B. Fryberger, and H. l.. Palmer all residing in Duluth, Minneso- ta.
 ", The government of this eorpor- ation and the management of it's af- | fairs shall be vested in board of seven directors, each of whom shall be stock holders, and the following officers to be chosen by the board of directors of said corporation, towit: President, vice president, second vice e-president, secretary and treasurer. and assistant secretary and treasurer. The directors shall be elected by the stockholders by ballot, each stockholder being entitled to cast as many ballots as he has shares of stock annually on the first Wednes day after the second Tuesday of Janu- ary in each and every year during the life of this corporation beginning with the year 1909, and said officers and di- rectors shall each hold office for one year from the first Wednesday after the second Tuesday in January and until their successors are elected and qual fled. Provided, however, that until the annual election to be held as herein before provided the management of this corporation shall be vested in board of three directors and until the first an nual election to be held in January
 1909, as hereinabove provided, the fol lowing named persons shall aet as thu first board of directors; William A
 Eaton, H. B. Fryberger, and H. L. Pal
 mer, all residing at Duluth, Minnesota and until such annual election William
 A. Eaton shall be president of said cor
 poration, H. B. Frybergcr, viee-presi
 dent, and H. l.. Palmer, secretary ant
 above specified herein other than tn, board of directors may be held by on,
 and the same person, except the ofiiee
 of president, vice-president, second
 vice president, and except the offices O.
 secretary and treasurer and assistan
 secretary and treasurer.
 1 V. The number of shares of the cap ital stock of said corporation shall b
 five hundred thousand, and the amour
 thereof shall be one dollar each an,
 may be paid for in either property
 money or services, as the board of di
 rectors shall elect and said stock shal
 be subscribed for at such times and il
 such amounts as may be prescribed b.
 the board of directors. This corpora
 ton may commence doing business whel : fifty thousand dollars par value of it
 stock shall be subscribed for.
 T VI. The highest amount of indebted
 ness or liability to which this corpora
 tion shall at any time be subject shal be one million dollars.
 In witness whereof, we have hereunt set our hands and seals this 18th da of November, 1908.