Graham guardian., 1910-03-18

tion, and 10 pay for the same in cash. stock oi
this corporation, or otherwise and TO carry on
and conduct. in whole OF in part. the business
so acquired, and to exercise all the powers nee
essary or eXpedient or convenient in or about
the conducting and management of such bust
ness,
To acquire, purchase, hold, sell, assign. trans.
fer or market, pledge or dispose of shares of
the capital stock, bonds or other evidences of
Indebtedness created by any corporation or
corporations, and while the holder Of such
stock or evidences Of Indebtedness, 10 exercise
all the rights and privileges of ownership there
Of, and to the same extent that natural perssn
might or could do.
To purchase, lease exchange. hire or other
wise acquire any and all rights, privileges
terms or franchises suitable or convenient for
any purposes of its business or of auy business
that ii may acquire, and to erect and construct
make, improve, aid or subscribe toward the
construction. making and improving mills,
factories, buildings and works, and to maintain
and operate the same, To acquire, purchase,
hold, sell, or mortgage any and all kinds Of min
Ing property. and conduct and operate any and
all kinds of mining business. To make, enter
into, and p' rform contracts of every sort and
kind, with any individual, firm, association or
corporation, private, public or municipal
To make, draw, accept. endorse, discount
promissory notes, drafts, bills Of exchange
warrants, bonds, debentuTes. and other negoti-
able instruments, capable of being transferred
To issue and sell all or any part OF its capital
stock, or any debentures or other evidences OF
Indebtedness authorized by its Board of Direc-
ness, personal property, real estate, options, or
leases thereon, of any person, firm. association
OF corporation and the Judgment of the Board
OF directors, as to the value of said good will
nights, business. real estate. personal property,
options, leases thereon, OF contract SHALL In the
absence of fraud. be conclusive.
10 guarantee payments of dividends or inter-
est on shares, stocks, debentures or any con.
tract obligation issued by or entered into by
any other corporation, or by itself wheneyer
proper or necessary for the business of this cor
poratior.
To hold, purchase, OF reissue and cell hares
OF Its capital stock, aud to do all and every
thing necessary, suitable, or proper for the ac-
complishment OF any OF the purposes. or the at
tainment of any one or more of the objects here.
in enumerated, or which shall at any time an
pear conducive or expedient for the transac-
tions or benefit of the corporation either as
holder or owner of or as interested In any prop
erty whatever; and to do any and all things
herein set forth, to the same extent that natural
persons might or could do.
The objects herein specified shall in no wise
be limited or restricted by reference to or by
in ference from the terms of any other para.
graph or clause, and the objects specified in
each of the clauses of these Articles and the
powers described in or incidental TO each of the
paragraphs herein shall be regarded as ipde-
pendent objects and powers
ARTICLE FOUR
poration shall be Fifty Thousand $4,000 OO)
Dollars, divided into Five Hundred 500 shares
of One Hundred tsl0OOO) Dollars per share.
That Twenty Thousand (s2O,0OOl00) Dollars Of
said capital stock shall be fully paid up at the
commencement of this corporation, and the re.
naming capital stock shall be paid up within
such time or times. as the Board of Directors
shall determine; stock may be sold for money,
services, or stock or property of other corpora
tions, ar anything of value.
ARTICLE FIVE
That the time of the commencement of this
corporation shall be of and from the oath cay
of January. 4. d. 1910, and shall exist for a
and the corporation shall have the right to "a,
new and extend Its corporate existence for a
further period OF Twenty-Five t20 years from
and after the expiration Of the said first period
ARTICLE SIX
That the management ana control of the bust.
ness; property and affairs of this corporation
shall be vested in and conducted by Board of
Five t5) Directors, who shall be elected annual
ly on the third Monday OF January at the annual
of Directors, which shall consist of William
Ellsworth. W, l.. Nelson, w. H. John, G. NJ
Layton and ]. R Welker, who shall hold office
as directors until the annual meeting of stock
holders TO be held in the year 1911. and until
their successors are elected and qualifei. The
tirst annual meeting of stockholders shall be
held on the third Monday in Januay. A. ID. 1sll
and on said date in each year thereafter the an
null meeting of stockholders shall he held
The corporation shall have president vice
president. secretary. and such other officers as
lne bOard Oh directors may from tine TO time
deem eEpedient, Both the said officers and
directors shall hold Office for term of one
year, from and after election and qualification,
and until their successors shall have been
elected and qualified.
All of the officers and directors herein pro.
Vided for shall be stockholders.
The Board of Directors shall have full power
and authority to adopt bylaws, and TO change
and amend the same as they may deem ex-
pedient.
The Directors shall elect either from their
own body or from the stockholders all other
officers herein provided for.
ARTICLE SEVEN
The highest amount of Indebtedness or liza
bility which this corporation shall subject It.
selfto at any time is the sum of Twenty Thou
sand $50, 0,00000) Dollars.
ARTICLE EIGHT
That the private property of the shareholders
of this corporation shall be exempt from cor
porate debts.
In Witness Whereof, the said incorporators
have hereunto set their hands and seals this
oath day of January, 1910.
WM. ELLSWORTH.
W. l.. NELSON,
W. II. JOHN,
WIN. JOHN,
ADAM WELKER,
C. NJ. LAYTON,
]. r. WELKER.