Mohave County miner., 1911-06-24

be the sum of One Hundred and Twenty Thou sand Dollars lSl2O.OOOl. divided into two thou sand four hundred (24OOl shares of the par value of Fifty Dollars l5J) each. which when issued shall be fully paid and forever nou-as- sessable. Said stock shall be issued upon such terms and conditions. and at such times the Board of Directors may determine. and the same or any part thereof may be issued in ex- oh tnge for property, contracts. services or other benefits Ot any kind or character and in the absence of actual fraud in the transaction the judgment of the Board of Directors as to the value of the property. contracts or other benefits. or of services rendered, shall be con- elusive upon all persons
 ARTICLE ". The time of the commencement of this cor pOratiOn shall be the day upon which a certi- i fled CODY of the Articles of Incorporation are
 filed in the office of the Auditor of Arizona. and | tpe termination thereof shall be twenty-five years thereafter. with privilege of renewal as provided by law.
 ARTICLE V. The affairs of this corporation shall be con- ducted by a Board of not less than three nor
 more than seven Directors. who shall he elect ed from among the stockholders of the cor porat'On at the annual meeting thereof. which
 sudll Oe eII dt tie pal OSe Ol eS S, S, pauy at ktngmau. Arizona. on the second Mon day in January of each year. Said Di ect1rs
 when so elected shall hold office until their
 successors are elected and qualified, ard any
 vacancy in said Board shall be filled hy election | by the remaining members of the Board from among the stockholders of the corporation. The Board of Directors shall have power to establish By Laws and make rules and regula- tous for the conduct and management of the | affairs of the corporation. not inconsistent
 with the law and these Articles. Until the first annual meeting of the stock
 holders the following persons shall constitute | the Board of Directors of this corporation: William F Grounds Jr.. Samuel F. Crozier and Carrol W. Davis.
 l The officers of th1s corporation shall be President. Vice President, Secretary and l Treasurer; together with such additional of ficers as the Board of Directors may deem | necessary for the proper transaction of the
 business Of the corporation; said officers shall | be elected by the Board of Directors from among the stockholders of record of this cor poration at it's annual meeting. which shall be held as soon as practicable after the annual meeting of the stockholders. Until their sue cessors are elected and qualified. the follow ing named persons shall constitute the Ofic- CTS of this corporation:
 President .......... . WILLIAM P. GROUNDS JR. Vlca President .... SAMUEL F. CROZIER. seer etary and Treasurer. CARROLL W. DAVIS. ARTICLE VI.
 The highest amount of indebtedness to which this corporation shall at any time fuO1ect It. self is the Snm of Eighty Thousand Dollars. The iL debted less of the Company may be se- cured by mortgage. trust deed or lien Of any 2 character upon all or any part of the property
 of the Company. in such form and manner as the Board of Directors may determine. ARTICLE VII These Articles of Incorporation may be amended by two thirds vote of the outstand ing capital stock of the corporation at any regular meeting Of the stockholders. or at any
 special meeting called for that purpose. | ARTICLE VIII The private property of the stockholders of
 this corporation shall be and is hereby made
 forever exempt from liability for the corporate | debts Of The corporation of any c1Iract9r. IN WITNESS WHEREOF. We have hereunto set our hands this 10th day of June 1911. WILLIAM F. GROUNDS. JR- CARROLL W. DAVIS. TERRITORY OF ARIZONA. cS County of MOhave. S Before me, c. w. HerndOn, Notary Public in and for the County of MOhave. Territory of Arizona, on this day personally appeared Will liam P. Grounds Jr. and Carroll W. Davis, to me known to be the persons whose names are | subScr1 bed to the foregoing instrument. and | acxnOw edged to me that they executed the same for the purposes and consideration there in expreS sed.
 | IN -N ITNESS WHEREOF, I have hereunto set my hand and seal of ofhce this 10th day of
 June. 1911.
 | (SeaD C. W HERNDON, Notary Public. | My commission expires March 26, 1914. | First insertion June 24-29 July.