The copper era., 1909-04-15
ARTICLES OF INCORPORATION
OF
TWIN PEAKS MINING AND MILL
 ING COMPANY.

 tention to become body corporate and polite.
 First The name of the corporation shall be Twin Peaks Mining and Milling Company.
 Second. The principal place of business of said corporation in the Territory of New Mexico shall be Steeple Rock, Grant County, and the name of the agent in charge thereof shall be James Fraser, and said corporation shall have an office at the City of Phoenix. in the Terri tory of Arizona. or such other place or places outside of New Mexico as the bylaws shall provide, where the books of the corporation may be kept, all stockholders and directors meetings held and all corporate business trans acted.
 Third The objects for which said corpor- alton is formed are
 (a) To purchase, take or lease, or otherwise acquire mining lands, mines, mineral grants, mining rights concessions privileges, deposits of gold silver, lead, copper or other metals, water rights millsites, and other properties and rights in the Territories of New Mexico, Ari- zOna, or elsewhere.
 (b) To carry on the general business of miners by working and developing al! or any at any time by the Company and to work, treat and render marketable the product there of aud sell and dispose of the same. (c) To grant leases to other persons, part nerships and corporations, of any parts or part of the property of the Company, and to enter into agreements for the working thereof sub ject to the payments of rents and royalties in money or in kind.
 (d) To construct, maintain. improve or aid in or subscribe towards the construction, main- tenance or improvements of roads. electric or steam railroads. tramways, fumes, ditches dams, power plants, telegraph and telephone lines, lines to transmit electricity, crushing and other mills, buildings and works which may be necessary for the purposes of the Company. (e) To acquire by purchase or otherwise and erect, work, use and maintain, all plants mills and machinery, pumps, engines and rolling and other stock, and material of every kind re- quisite for the carrying on of the said business and to acquire by purchase, lease or otherwise. | ar hIf1 n 1frncc of any tenure, and to erect any buildings and also to acquire any privileges or easements in and over any lands for the purpose of such business as aforesaid, or any works in cOnnec- tion herewith.
 CD To purchase and acquire any other land. property or business of the like character to the property or business to be held and transacted by the Company or any interest therein. and to pay for the same and all property and rights of whatever kind acquired by the Company, in cash or in shares of the Company. (g) To borrow money and to issue mortgages bonds debentures or debenture stock, or any or either of them, charged on any or all of the property of the Company or upon its income, revenue or profits, as security for the money so borrowed. or in payment or satisfaction of any of the obligations of the company, and to draw accept and endorse, and issue bills of exchange and promissory notes and other negotiable in- struments but that the said liabilities shall not exceed one-halfof the amount of the capi al stock of the Company
 (h) To invest the capital of the company for any of the pursoses aforesaid, and in building on or otherwise improving or in adding to the marketable value of the Ian Is, mines lodes mining claims or other property from time to time acquired by the company, and to make, maintain and use such works as the Company the purposes aforesaid.
 D To distribute in specie by way of divf- dend among the stockholders of the company or otherwise. any shares securities belong ing to the company, or any property or assets of the company applicable as profits of the Company, and to issue shares nd securities of the Company, either or both in satisfaction of or on account of any dividends, bonus or shares of profits, whether to shareholders or emDlOves 70 payable.
 O) To place to reserve fund or distribute as dividends any moneys received by the Com pany as premium on any shares of stock: mort gages or other securities of the Company, issued from time 10 time.
 (k) To amaIgamate this Company with any other Company or Companies having similar this company is formed, established and in- corporated.
 CD To sell, lease and dispose of any or all of the property of the company and to acceptin payment for the same, money, shares, bonds or debentures of any other Company, but so that such shares, bonds or debentures shall be fully paid up and involve no liability to this Com pany,and to apply any purchase moneys, shares bonds or debentures to such purposes, whether termine.
 (m) To transact and do all such matters and things as are conducive or incidental to the above objects. either alone or in conjunction with others, provided always, that the private and personal property of the shareholders and incorporators of the Company shall not be liable for any of the debts contracted by the said Company. but shall be exempt from all corporate debts and liabilities
 Fourth. The capital stock of this corporation shell be One Million Five Hundred Thousand (S15 ,000 Dollars. dividend into One Million the par Value of One [SLGOl Dollar each. At such times the Board of Directors may direct said stock may be paid up in cash, prop erty, services or other thing of value, and the judgment of the directors as to the value there of shall be final All said capital stock when issued, shall be fully paid and forever non-as- sessable. The amount of capital stock with which the corporation will commence business IS Twenty-seven Thousand Five Hundred 1927, ,5OOl Dollars
 Fifth. The names and postofice addresses of the incOrpOratOrs, and the number of shares subscribed for by each, are as follows, to,wit:
 Capital Stock Name Postof1ce Subscribed A. N. Newhouse, Phoenix, Arizona, 5000 Catherine Newhouse Phoenix, Arizona, S5CO ScO Daniel Fraser, Steeple Rock, N NJ, 5000 Alex Fraser, Steeple Rock, \. NJ, 5000 James Fraser, Steepe Rock N NJ 5O,O Sixth. The period limited for the duration of the corporation shall be Fifty [5Ol years, with ally may or shall be by the laws of the Terri tory of New Mexico provided Seventh. The affairs of this corporatfon shall be conducted by a Board of i've Direct | ors. and the following named shall constitute l are elected and qualified: A. N. Newhouse, | Phoenix, Arizona; J. F. Fraser, Bottineau, North Dakota; Daniel Fraser Steeple Rock | New Mexico; Alex. Fraser, Steeple Rock, New | Mexico; and James Fraser SIeeple Rock New | Mexico. Thereafter the Board of Directors | shall be elected from among the stockholders | at the annual stockholders meeting, to be held | on the first Monday of the month of December | of each year, and said Directors shall have | power to make such prudential bylaws and | rules as they may deem proper for the manage | ment of the affairs of this corporation, not ill | conflict with the statutes of said Territory of | New Mexico in such cases made and provided l or with the provisions of these Articles of h. | corporation.
 Eighth. These Articles may be altered or ! amended and the capital stock increased or | diminished from time to time as may be author l ized by law and in the manner provided for in | the bylaws of this corporation.
 Ninth. The total amount of indebtedness or liability for which this corporation shall at any one time be subject shall not exceed two-thirds [2sl of it's capital stock.
 Tenth. The private property of the stock holders incOrpOrators and directors or officers Of this corporation shall be forever exempt from all its corporate debts.
 In Witness Whereof, we have hereunto set our hands and seals this 7th day of Septe nber 1907.
 lSignedI A. N. NEWHOUSE (S,aD
 J. F. FRASER (SeaD |
 CATHERINE NEwHOUSE (SeaD
 DANIEL FRASER (SeaD
 ALEX. FRASER (SeaD |
 JAMES FRASER (ScaD Territory of AriZOna,l SC
 Of MaricOr,, [ SS