Daily Arizona silver belt., 1909-09-03
LEGAL ADVERTISEMENTS
and il the COLE DEVELOPMENT
COMPANY.


The principal place of business of
this corporation shall be in the City of
lGlobe, ella 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-
|qure, own, hold sell, bond, rent, lease,
mine and work mines and mineral lands
and the products thereof.
| (b) To purchase or otherwise a.
Iqure, own, hold, sell, bond, rent. lease
and sublet water, water rights, ma
chinery, supplies, materials and Other
PARTICLES necessary or convenient Ter use
in connection with and in the carrying
Iauy part thereof
(c) To purchase or otherwise ac-
Iqure, own, hold, sell, bond, rent, lease,
lsublet, maintain, manage or construct
lpipe 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) hereinabove, or that may
he deemed necessary, expedient, useful
or convenient to said main business by
the Board of Directors of this corpora
tion.
| I'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 (s300,000.00) 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
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
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 di
rectors shall he p. j. Cole, A. G. 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 a
stockholders meeting TO be held at the
Office of the Company, at Globe, Arr
IONA. on the first Monday of July ut 10
o clock A. NJ of each year, and the di-
rectors so elected shall. hold office for
one year thereafter and until their sue
eessors are elected and qualified.
The Board of Directors shall have
lpower at any time to fill vacancies on
the BOARD; and adopt bylaws for 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
lpany 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-
emf 10 have. The President, Vice Presl.
dent. Secretary and Treasurer shall be
elected annually by the Board of Diree-
tors at the first meeting of the Board
FOLLOWING I0t dHuudl NAtNbiNh VI Wv
said Directors. The Offices of Secretary
and Treasury may, in the discretion of
the Board of Directors. be held by one
Iperson.
ARTICLE VIII.
The highest amount of indebtedness
Tor liability to which this corporation is
at any time to subject itself, shall in no
case exceed Twenty-Five Thousand
($25, 00O.O0) 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
bereunto set our hands and seals this
| 26th day of August, A. ID. 1909
=. J. COLE (SEAL) |
A. G. COLE (SEAL) |