Daily Arizona silver belt., 1909-08-29
LEGAL ADVERTISEMENTS
ind is the COLE DEVELOPMENT

ICOMPANY. | ARTICLE IT. | 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 its Board of Directors may from time to time select.
 ARTICLE III.
 i. The general nature of business. pnr- 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 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.
 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, 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, exredient, 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 ($300,0OOOO) Dollars, divided into three hundred thousand 300,O00) shares of the par value of One ($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 shah 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. J. Cole, A. C. Cole, George R. 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 quali- fled.
 Thereupon and thereafter the direc- tors shall be elected annually, at stockholders meeting to be held at tho office of the Company. at Globe, Ari- zona. on the first Monday of July at 10 O clock A. NJ. of each year, and the d- 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 power at any time to fill vacancies on the Board; and adopt claws for the corporation, which may be altered, 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 CTS of the company hereinabove referred to, without the consent or approval of the stockholders.
 ARTICLE VII.
 The officers of this corporation shall he 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 he Board of Directors, be held by one person.
 ARTICLE VIII.
 The highest amount of indebtedness ,r liability to which this corporation is ,t any time to subject itself, shall in no ,ase exceed Twenty-Five Thousand ,$25000.00) Dollars.
 ARTICLE Tx
 The private property of the stock lolders of this corporation shall be ex- ,mpt from any and all liability for the debts of this corporation. IN WITNESS WHEREOF. we have lereunto set our hands and seals this 9th day of September, A. D. 1909.