Mohave County miner., 1911-07-08
ARTICLES OF INCORPORATION Clay Spring Cattle Company.

KNOW ALL MEN By THESE PRESENTS: That we. the undersigned, William F. Grounds jr and Carroll W. Davis. have this day associated ourselves together for the pur- pose of forming a corporation under the laws of the Territory of Arizona. and for that pur- pose do hereby execute. acknowledge and adopt the following Articles of Incorporation:
 ARTICLE l.
 The name of this corDoration shall be-
 CLAY SPRING CATTLE COMPANY" and it's principal office and place of transactiug business shall be at Kiugman. 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:
 To raise. acquire. buy, own. sell slaughter, dispose of and otherwise deal in cattle. horses, sheep and any and all kinds of live stock and domestic animals. and the keeping and main tainiug of cattle grazing ranges.
 The acquiring. constructing. operating. maintaining and disposing of springs. water rights. pipe lines. dtches. 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 evidences Of indebtedness to secure the payment of the same To loan money upon good and sufficient security to be approved by the Board of Direc- ters. and discount notes To acquire. transfer. lease. mortgage and exchange real and per sOual property and all their incidents and ap- purtenances in the Territory of Arizona and elsewhere
 To engage in and transact a mercantile busi- ness; to maintain slaughter houses; and gage in any and all kinds of business neces- sary or incidental to the carving out of the #.-Ns ed.
 To purchase. acquire. sell and otherwise deal in the capital stock of this and other cor pOratiOns.
 In general to do each and every other act and thing which may be necessary or advantageous in carrying out the business of this corpora tion. not inconsistent with the laws of the United States and the Territory of Arizona.
 ARTICLE III.
 The capital stock of this corporation shall be the sum of One Hundred and Twenty Thou sand Dollars tSl2OOOOl. divided into two thou sand four hundred (24OOl shares of the par value of Fifty Dollars ,5O) 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 change for property. contracts. services or other benefits Of 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 poratou shall be the day upon which a certi- fled CODY of the Articles of Incorporation are filed in the office of the Auditor of Arizona. and tile termination thereof shall be twenty-five years thereafter. with privilege of renewal as '''' '''N' - 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 he elect ed from among the stockholders of the cor poratiou at the annual meeting thereof. which shall be held at the principal office of the Com pany at Kingman. Arizona. on the second Mon day in January of each year. Said Di ectOrs when so elected shall hold oflce until their successors 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 regu1a- 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 of 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.
 The officers of thls corporation shall be President. Vice President, Secretary and Treasurer together with such additional of ficers the Board of Directors may deem necessary for the proper transaction of the | 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 Ottie- CTS of this corporation:
 President WILLIAM F. GROUNDS JR. Vice President ..... ..... SAMUEL F. CROZIER. Secretary and Treasurer. %. CARROLL W. DAVIS.
 ARTICLE VI
 The highest amount of indebtedness to which this corporation shall at any time 'ubiect it. self is the sum of Eighty Thousand Dollars. The Indebtedness of the Company may be se- cured by mortgage. trust deed CT lien of any 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 character. 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. SS
 County of Mohave.
 Before me. c. w. HerndOn, a Notary Public in and for the County of Mohave, Territory of Arizona, on this day personally appeared Will liam F. Grounds Jr and Carroll w. Davis to me known to be the persons whose names are subscribed to the foregoing instrument, and lucknow ledged to me that they executed the same for the purposes and consideration there in eXpre> sed.
 IN WITNESS WHEREOF, I have hereuntO set my hand and seal of Office this 18th day of June. 1911.
 (SeaI c. W. HERNDON.
 Notary Public. My commission expires March s6, 1914.