Mohave County miner., 1911-07-15

daV associated ourselves together for the pur- nose of forming a corporation under the laws of the Territory of Arizona. and for that puI- pose do hereby execute. acknowledge and adopt fhe following Articles of Incorporation:
 ARTICLE 1.
 The name of this corpOration shall be-
 'CLAY SPRING CATTLE COMPANY, and its principal office and place oi transactlng business shall be at Kingman, Mohave County, Arizona. with such branch offices and places of business elsewhere, within or without the Ter ritory of Arizona. as the Board of Directors; hereinafter provided for. may designate and establish.
 ARTICLE II.
 The general nature of the business proposed to be transacted by this corporation is as fol- lows:
 dispose of and otherwise deal in cattle. horses. sheep and any and all kinds of live stock and domestic animals. and the keeping and maln- taiuiug of cattle grazing ranges. The acquiring. constructing. operat'ng' maintaining and dispOsing of springs, water rights. pipe lines. ditches. dams and reservoirs for conducting, storing and distributing water.
 The acquiring, owning. maintaining and dis posing of ranches, farms and any and all kinds of property, real, personal and mixed.
 To make contracts. to borrow money. and issue notes, mortgages or other eVldences or indebtedness to secure the payment of the same To loan money upon good and sufficient security to be approved by the Board of Dlrec- ters and discount uotes To acquire. transfer. lease soual property and all their incidents and aP- purtenances in the Territory of Arizona and elsewhere
 ness; to maintain slaughter houses; and en- gage in any and all kinds of business neces- Sary or incidental to the carrying out Of the purposes for which this corporation IS form- To purchase. acquire, sell and otherwise deal in the capital stock of this and other cor T enera1 to do each and every other act and thing which may be necessary or advantageous in carrying out the business of this corpora ton. not inconsistent with the laws of the United States and the Territory of Arizona.
 ARTICLE H.
 The capital stock of this corporation shall be the sum of One Hundred and Twenty Thou sand Dollars tSl20.OO0l. divided into two thou sand four hundred (2+0Ol shares of the par value of Fifty Dollars 80 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 as the Board of Directors may determine, and the same or any part thereof may be issued in ex- change for property. contracts, services or other benefits Of any kind or character. ana m 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 poratiou shall be the day upon which cert- Il filed in the office of the Auditor of Arizona. and tue termination thereof shall be twenty-five years thereafter. with privilege of renewal as p'0''Oe1 ARTICLE V.
 The affairs of this corporation shall be con ducted by Board of not less than three nor more than seven Directors. who shall be elect ed from among the stockholders or the cor poration at the annual meeting thereof. which shall be held at the principal othce of the Com pany at Kingman. Arizona. on the second Mon ,E =1n lH a when so elected shall hold office until their successors are elected and qualified, and any vacancy in said Board shall be filled by 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- tious for the conduct and management of the affairs of the corporation. not inconsistent with the law and these Articles.
 Until the first annual meeting ot the stock holders the following persons shall constitute the Board of Directors of this corporation: William F. Grounds Jr., Samuel F. Crozier and Carol w. Davis
 President. Vice President Secretary and Treasurer, together with such additional ot ficerS as the Board of Directors may deeu necessary for the proper transaction of th' business of the corporation; said officers shal be elected by the Board of Directors iron among the stockholders of record Of this cor noration at its annual meeting which shall b, held as soon as practicable after the annua meeting of the stockholders Until their sue
 
 ing named persons shall constitute the omc CTS of this corporation:
 President ......... WILLIAM F. GROUNDS JH Vice President ... .... SAMUEL F. CRoZIER Secretary and Treasurer. CARROLL W. DAVIS
 ARTICLE VI
 The highest amount of indebtedness to whie this corporation shall at any time subject il self is the sum of Eighty Thousand Dollars The indebtedness of the Company may be st cured by mortgage. trust deed or lien or an character upon all or any part or the propert of the Company, in such form and manner a the Board of Directors may determine.
 ARTICLE VII.
 These Articles of Incorporation may b amended by two thirds vote of the outstanC ing capital stock of the corporation at an regular meeting Of the stockholders. or at an special meeting called for that purpose.
 ARTICLE VIII.
 The uriyate property of the stockholders this corporation shall be and is hereby mad forever exempt from liability for the corporal debts of the corporation of any character.
 IN WITNESS WHEREOF, We have hereuni set our hands this 10th day of June 1911.
 WILLIAM F. GROUNDS. JR-
 CARROLL W. DAVIS
 TERRITORY OF ARIZONA. SC
 County of Mohave. SS'
 Before me. c. W. Herndon, Notary Publ in and for the County of MOhave Territory Arizona, on this day personally appeared Wi liam F. Grounds Jr. and Carroll W. Davis, me known to be the persons whose names al subscribed to the foregoing instrument, al acknowledged to me that they executed u same for the purposes and consideration ther IN WITNESS WHEREOF, I have hereun set my hand and seal of office this 10th day ISeaD c. W. HERNDON,
 Notary Public. My commission expires March 26 1914 First insertion June 24-29 July.