Mohave County miner., 1913-02-22

me foregoing paragraphs shall De construed as obJectS, purposes and powers, and It Is the intention that the foregoing specific objects. purposes and powers Tn any paragraph enum erated. except where otherwise clearly ln- dicated. shall not be limited or restricted by reference to or inference from the terms Of any other clause or paragraph of these articles.
 ARTICLEv.
 The authorized amount of capital stock of this corporation shall be Two million, two hun dred and fifty thousand dollars (2.25OOOOS) divided into twenty two thousand five hundred 225OO) shares of One hundred dollars QOOS.) each, Of which two thousand five hundred ferred both as to dividends and principal, and which preferred stock may be retired at par and accrued dividends at any time: and of which twenty thousand (2OOOW shares shall be common stock; said capital stock shall be paid for in such manner and upon such terms as the Board of Directors may fix. either in cash services or by safe. transfer and assignment to the corporation Of property. property rights or interest therein, real or personal, for the uses and purposes of the corporation, and in payment for which. shares of the capital stock capital stock so issued shall there upon be- come and be fully paid up and non-asSeSSaDle and in the absence of actual fraud. the 1udg- ment of the Board of Directors as to the value of the services rendered, or property purchased shall be conclusive.
 ARTICLE VI.
 The time of the commencement of this cor poration shall be the date of the filing of a certified cory of these articles of incorporation in the office of theAuditor of the state of Ari Zona, and the termination thereof shall be twenty-five years thereafter. and this corpora ton shall have the right to renew its articles and franchises for an additional period of twenty-five years as now provided by law.
 ARTICLE VII
 'lhe management and control of the business property and affairs of the corporation shall Le vested Tn and conducted by Board of Direc tors of not less than five persons. which num- Der may be increased at any time through an amendmend of the Bylaws of the company and all Directors, except in case of vacancies be e 'ected at the annual meeting of the stock holders, except the first board which is chosen as hereinafter set forth.
 The officers of the company shall consist of a President Vice-Preside.t Secretary and Treasurer and such other officers as the Board of Directors shall deem expedient. and all such officers shall be elected by the Board of Di rectors either at their first meeting after their election at the annual meeting of the stock holders. or any subsequent meeting.
 The officers aud directors shall hold their of flee for the period of one year from and after their election and qualification. ano until their successors are elected and qualified unless re moved by the Board of Directors The Board of Directors shall have the right to i'll any vacancy occurring in the Board by death. res ignation or otherwise. including the right to fill such places as may be created by an in crease in the number of the Board of Directors vacancy or place created through increasing the number of the Board shall hold his office until the next annual meeting of the stock holders.
 ATICLE vIII
 The annual meeting of the stockholders of the corporation shall be held at the offices Of the company at kingman. Arizona, unless otherwise designated, on the fourth Monday in November of each year unless such day shall fall on a legal holiday. in which case said meet ing shall be held on the next secular day fol- lowing.
 ARTICLE TX.
 mt Q fire nf d. CTS and until successors shall have been elected and qualified, the following named persons shall constitute the Board of Directors of this corporations:
 Until the first meeting of elected directors after the first annual meeting of stockholders of this corporation. and until their successors lowing named persons shall be the officers of the corporation: President. Mark w. Mus grove. VicePres'dent Nicholas P. Bond, Secretary and Treasurer. James A. Roberts and Directors Eli Htlty and Philip Lovingham. ARTICLE X.
 The directors shall have power to make and alter the Bylaws of the corporation. to fix the amount to be reserved as working capital, and gages. debentures and other obligations which shall be liens upon the property and franchises of the corporation and. in general, to exercise all the power and authority of the company not expressly withheld from them by law. or hy these articles of incorporation. or by the af- firmative action of the stockholders. or which shall be inconsistent with the laws of the United States, or the State of Arizona. ARTICLE XT.
 The stockholders and members of this cor. poration and their private property shall be exempt from any liability for the debts of this corporation.
 ARTICLE XII.
 The corporation, by and with the approval of it's Board of Directors shall have the right to borrow money from time to time for carrying on it's business, and shall have the right to is nrPfpranra shares 6ahanfnraS hnn6S or other obligations or evidence of indebted | ness by mortgage or pledge of any or all of it's property. Provided that the highest amount | of indebtedness and liability. direct or con. time subject itself shall be two hundred thousand (2OO dollars.
 | ARTICLE XIII.
 {, With the consent of the holders of two. thirds of the capital stock of this corporation, issued and outstanding when evidenced in writing or with a consent of a majority in | amount of the capital stock of this corporation, | issued and outstanding, when expressed by resolution adopted at a meeting of the stock. | holders of the company duly called and held in | pursuance to the Bylaws the Board of Di- | rectors shall have authority to sell or other wise dispose of, in such manner as may be authorized. the entire property and assets of | the corporation.
 ARTICLE XIV. These articles of incorporation may be amended with the consent of the holders of | two thirds in amount of the capital stock of | this company issued and outstanding. when | evidenced in writing: with the consent of | the holders of majority in amount of the | capital stock of this company issued and out standing, when evidenced bv resolution | adopted at any meeting of the stockholders called and held pursuant to the Bylaws of
 IN WITNESS WHEREOF. we hnve hereunto set our hands and affixed our seals on this 22nd | day of January. A. D. 1913.
 MARK w. MUsGROvE. (Seap