Graham guardian., 1910-01-21
First publication Jan. l4-6t
ARTICLES OF INCORPORATION
OF THE
Grand Reef Extension Com
pany

KNOW ALL MEN BY THESE PRESENTS:
sociated ourselves together for the purpose OF
form ng q corporation under and pursuant TO
the laws of the Territory Of ATizona and for
that purpose do hereby adopt Articles OF In
corporation as follows:
ARTICLE l.
The name of the corporation shall be "The
Grand Reef Extension Company"
ARTICLE II.
The principal place of business of this cor
porporation within the Territory of Arizona,
shall be at Wilcox, Cochise County, Arizona,
and the principal place or places of transacting
business outsi 1e of Arizona, shall be at Detroit,
Wayne County. Michigan, where meetings Of
stockholders and directors may be held and all
business transacted.
ARTICLE III.
The general nature of the business proposed
to be transacted is as follows To own, buy.
lease, bond, operate. develop. sell and exchange
and improve other real estate and personal
property; to carry on mercantile business, and
to do all things necessary necessary and proper concern
ARTICLE Nv.
this corporation shall be Two Hundred Thou
sand $500 000) Dollars. divided into Two Hun
dred Thousand 600 00O shares of the par value
of 81 90 each At such times as the Board of
Directors may, BY resolution direct, said capi-
tai stock shall be paid into this corporation,
either in cash OF by the sale and transfer to 1t
of real or personal property, contracts sery-
ices, or any other valuable right or thing for
the uses and purposes of said corporation, IN
payment for which shares of the capital stock
of said corporation may be issued and the cap
ital stock so issued shall thereupon and there
by become and be fully paid up and non.asse ess-
able, and in the absence of actual fraud In the
transaction. the judgment OF the directors as TO
the value of the property purchased shall be
conclusive.
ARTICLE v.
The time of the commencement of this cor
poration shall be the date uf the fling OF GER
titled copy of these Articles of Incorporation In
the office OF the Auditor OF Arizona. and the
termination thereof shall be twenty -fpa years
thereafter, with the privilege of renewal as
provided by law
ARTICLE VI.
The affairs of this corporation shall be con-
Quoted by a Board of FIVE Directors, and the fol-
lowing named shall constitute the Board Of
Directors until their successors are elected:
George b. Wadham, Jr., Fred p. obensuer,
Delos d. Jayne. Thereafter the Board Of Di.
rectors shall be elected from among the stock
holders at the annual stockhold rs meeting to
be held on the first Monday of January of each
year, unless said Monday shall be on the first
day of January, in which said case said meet
Ing SHALL DC neiu on inc iuesuhy ioho"ihs'
ARTICLE VII.
The Board of Directors shall have power TO
fill vacancies occurring in the Board from any
and vest said committee with such powers as
they may determine.
ARTICLE VIII.
The highest amount of Indebtedness, direct
| or contingent to which the corporation shall
| be sabject at any one time. shall be One Hun
| dred Thousand ($l00000l Dollars.
ARTICLE X,
| The private property of the stockholders and
| officers of the corporation shall be exempt from
| all corporate debts Of any kind whatsoever
| In Witness Whereof, We have hereunto SET
onr hands and seals this Third day of Decem
| Der. 1909.
GEORGE p. wADHAM, JR., tseaD
FRED b. OBENAUER, (SeaD
| DELOS d, JAYNE. (Seal)