Daily Arizona silver belt., 1909-09-02
LEGAL ADVERTISEMENTS
and is the COLE DEVELOPMENT
COMPANY.
ARTICLE III.

Inc pTiHcipdl place OF business OF
this corporation shall be in the City of
Globe, ella County, Arizona Territory,
and IL 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 he 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.
OBJ To purchase or otherwise a..
quire, own, hold, sell, bond, rent, lease
and sublet water, water rightly, ma
chinery, supplies, materials and other
articles necessary or convenient for use
in connection with and in the carrying
on of the business herein mentioned or
any part thereof.
(c) 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, bitches, EN-
bankments, telephone or telegraph lines,
railroads and other works, reduction,
milling, smeltering and refining plants,
property OF appliances that may be in.
cident or auxiliary to the main business
of this corporation, as set forth in sub
division (a) hereinabove, or that may
be deemed necessary, expedient, useful
or convenient to said main business by
the Board of Directors of this corpora
ton
(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 (s30O,O00.00) Dollars.
divided into three hundred thousand
(300,000) shares of the par value of
One $1,000 Dollar each, and the time
when aud 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
fling, 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 wears
thereafter.
ARTICLE VI.
The affairs of this corporation shall
he 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 d-
rectors shall be L. j. Cole, A. c. Cole,
George X. Hill, p. J. Cole. .Ir., and A.
G.. Oliver who shall hold Office until the
first Monday of July, 1911, and until
their successors are elected and quail
fed
Thereupon and thereafter the direc-
tors shall be elected annually, at
stockholders meeting to be held at the
Office Of the Company, at Globe, Ari
IONA, on the first Monday Of July at 10
o clock A. NJ. Of each year, and the di
rectors so elected shall hold office for
one year thereafter aud until their sue
cessors are elected and qualified.
The Board of Directors shall have
power at any time to fill vacancies on
= ha Inar1. and I'D Exr.Ia 80 haI
corporation, which may be altered,
amended or repealed by the Board and
the Board shall have the power. to SELL
bond, mortgage or otherwise dispose of
any or all of the property of the com
pany and exercise all of the other pow
ers of the company hereinabove referred
to, without the consent or approval of
the stockholders.
ARTICLE VII.
The officers of this corporation shall
be President, Vice President, Secretary
and Treasurer, and such minor officers
as the Board of Directors may, from
time to time. deem II wise and expedi
ent to have. The President, Vice Pres
dent, Secretary and Treasurer shall be
elected annually by the Board of Diree
tors at the first meeting of the Board
following the annual election of the
said Directors The offices of Secretary
and Treasury may, in the discretion of
the Board of Directors, be held by one
person.
ARTICLE VIII.
The highest amount of Indebtedness
or Liability to which this corporation is
at any time to subject itself, shall in no
ease exceed Twenty-Five Thousand
($25, o0000) Dollars.
ARTICLE TX.
The private property of the stock
holders of this corporation shall be ex
empt from any and all liability for the
corporation debts of this corporation. |
IN WITNESS WHEREOF, we have |
hereunto set our hands and seals this
26th day of August, A. D. 1909.
p. j. COLE CSEAL) |
A. c. COLE (SEAL) |
A. G. OLIVER (SEAL) I
II