Daily Arizona silver belt., 1909-01-15
LEGAL ApvERrrsEMENrs
crpTIrICATE OF INcoRPoRATIoN
 OF CACTUS DEVELOPMENT COMPANY

For the purpose of forming and be- inc A corporation under and by virtue obapter 5s of the Revised Laws of uirnesota for the year 1905 and all a.ts amendatory thereof and insofar s. the same applies to mining companies tbs undersigned do hereby declare that thev do hereby associate together and .0ree upon the following certificate of incorporation;
 The name of this corporation shall h. Cactus Development Company, The prineipal place of business shall bs Duluth. Minnesota, and such corpor- ,t;on may transact business in any o,he, mart of the world. The general no,ure of the business shall be the min inc smelting, reducing, refining and uorking of iron and minerals of every ,sture and description and acquiring such property as may be incidental to tbs carving on of such business.
 II. The period of it's duration shall be thirty years.
 III The names and places of resi- dence of the ineorporators are William Eaton. II. B. Fryberger, and H. l.. Palmer all residing in Duluth, Minneso- "a.
 " The government of this corpor- ation and the management of its 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, to-wit: President, viee. president, second vice president, secretary and treasurer, and assistant secretary and treasurer. The directors shah be elected by the stockholders by ballot, each stoekholder being entitled to east as many ballots as he has shares of stock annually on the first Wednes. day after the second Tuesday of Janu. ayy 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 act as the 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. Fryberger, vice-presi- dent, and H. l.. Palmer. secretary and treasurer. Two or more of the offices above specified herein other than the board of directors may be held by one and the same person, except the offices of president, vice-president, second viee-president, and except the offices of secretary and treasurer and assistant secretary and treasurer.
 " The number of shares of the cap ital stock of said corporation shall be five hundred thousand, and the amount thereof shall be one dollar each and may be paid for in either property, money or services, as the board of di- reetors shall elect and said stock shall be subscribed for at such times and in such amounts as may be prescribed by the board of directors. This corpora tiOn may commence doing business when fifty thousand dollars par value of its stock shall be subscribed for.
 VI. The highest amount of indebted ness or liability to which this corpora ton shall at any time be subject shall be one million dollars.
 In witness whereof, we have hereunto set our hands and seals this 18th day of November, 1908.
 WILLIAM A. EATON (SeaD
 H. B. FRYBERGER (SeaD
 H. l.. PALMER (SeaD
 Signed, sealed and delivered in pres eaes of H. C. Fulton, Pearl NJ. Martin.