Daily Arizona silver belt. (Globe, Gila County, Ariz.) 1906-1929, 1909-09-01
LEGAL ADVERTISEMENTS
and is the COLE DEVELOPMENT
COMPANY.

Globe, Gila County, Arizona Territory,
and it shall have branch offices at such
other places AS its 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.
(b) To purchase or otherwise a.
quire, own, hold, SELL bond, rent, lease
and sublet water, water rights, 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 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
ton.
(d) To sell. convey, bond, lease.
mortgage or otherwise dispose of any
and all of its property of every char
aeter whatsoever.
ARTICLE Nv.
The amount of the capital stock OF
this corporation shall be Three Hun
bred Thousand (s30000000) Dollars
divided into three hundred thousand
(300,000) shares of the par value of
One ($l00) 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
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 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 p. j. Cole, A. 6. Cole,
George X. Hill, p. j. Cole, Jr., 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
clock A. NJ. Of each year, and the di
reetors so elected shall hold Office for
one year thereafter and until their sue
cessors are elected and qualified.
The Board of Directors shall have
power at any time to fill vacancies on
the Board; and adopt bylaws flor the
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 it wise and expedi
ent to have. The President, Vice Presi
dent, Secretary and Treasurer shall be
elected annually by the Board of Direc
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
($25,000.00) 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
Goth day of August, A. d. 1909.
Z. j. COLE CSEAL) |
A.. G. COLE (SEAL) |
A. G. OLIVER (SEAL) |
p. J. COLE, JR. (SEAI)
GEO. r. HILL (SEAL) |