Daily Arizona silver belt., 1909-08-28
LEGAL ADVERTISEMENTS
and is the COLE DEVELOPMENT COMPANY.
ARTICLE II.

hhtikLTS II. |
 The principal place of business of this corporation shall be in the City of Globe, Gila County, Arizona Territory, and it shall have branch offices at such other places as it's Board of Directors may from time to time select. ARTICLE III. The general nature of business, pur- suit and enterprise proposed to be trans acted by this corporation is as follows: (a) To purchase or otherwise ac- quire, own, hold, sell, bond, rent, lease, mine and work mines and mineral lands and the products thereof. CD To purchase or otherwise aN- qure, own, hold, sell bond. rent, lease and sublet water, water rights, ma chinery, supplies, materials and othe, articles necessary or convenient for use in connection with and in the carrying | on of the business herein mentioned or any part thereof.
 | Co To purchase or otherwise ac- quire, own, hold, sell, bond, rent, lease, sublet. maintain, manage or construct pipe lines, tracks, reservoirs, roads, tramways. fumes, canals, ditches, em- bankments, telephone or telegraph lines, railroads and other works, reduction, milling, smelterng and refining plants, Iproperty or appliances that may be in cident or auxiliary to the main business of this corporation, as set forth in sub division (a) herenabove. or that may be deemed necessary. expedient, useful or convenient to said main business by the Board of Directors of this corpora tion.
 (d) To sell, convey, bond, lease, mortgage or otherwise dispose of any and all of it's property of every char acter whatsoever.
 ARTICLE ".
 The amount of the capital stock of this corporation shall be Three Hun dred Thousand ($300, 100000 Dollars, divided into three hundred thousand (300,000) shares of the par value of One ($l.00) Dollar each, and the time when and the condition upon which said Capital Stock is to be paid in shall be regulated and provided for by the Board of Directors.
 ARTICLE V.
 The time of the commencement of this corporation shall be the date of the filing, in the office of the Auditor of the Territory of Arizona, certified copy of these Articles of Incorporation and the termination shall be twenty-five years thereafter.
 ARTICLE VI.
 The affairs of this corporation shall be conducted by the Board of Directors consisting of five (5) persons, who shall be stockholders A majority of said Board shall constitute quorum for the transaction of business. and the first di- rectors shall be F. ]. Cole, A. c. Cole, George R. Hill, P. J. Cole, Jr.. and A. c. Oliver, who shall hold office until the
 first Monday of July, 1911, and until
 their successors are elected and quali- ,, fled.
 Thereupon and thereafter the direc- tors shall be elected annually, at a
 stockholders meeting to be held at the
 office of the Company, at Globe, Ari- , zona, on the first Monday of July at 10 O clock A. M of each year, and the di- rectors so elected shall hold office for
 one year thereafter and until their sue
 cessors are elected and qualified. The Board of Directors shall have n power at any time to fill vacancies on
 the Board; and adopt bylaws for the f lcorporation, which may he altered | amended or repealed by the Board and p the Board shall have the power to sell i bond, mortgage or otherwise dispose of f any or all of the property of the com
 pany and exercise all of the other pow 0 CTS of the company hereinabove referred n to, without the consent or approval of e the stockholders. e ARTICLE VII - The officers of this corporation shal '- be President. Vice President, Secretary Q and Treasurer, and such minor officers a as the Board of Directors may, from }, time to time, deem it wise and expedi e ent to have The President, Vice Presi d dent, Secretary aid Treasurer shall be
 elected annually by the Board Of Direc s tors at the first meeting of the Board l. following the annual election of tho
 said Directors The offices of Secretary n and Treasury may, in the discretion oi l. the Board of Directors, be held by ont person.
 ARTICLE VIII. a The highest amount of indebtedness D or liability to which this corporation i' Il at any time to subject itself, shall in nc T. case exceed Twenty-Five Thousand ' (s25,O00.00) Dollars.
 ARTICLE TX. The private property of the stock l" holders of this corporation shall be ex empt from any and all liability for th' ', corporation debts of this corporation IN WITNESS WHEREOF, we have . hereunto set our hands and seals tlfi '. 26th day of September, A. D. 1909. ~ F. ]. COLE (SEAL A. C. COLE SEAL
 A. G. OLIVER SEAL