Mohave County miner., 1913-02-15


 purposes and powers Tn any paragraph enunl erated. except where otherwise clearly in dicated shall not be limited or restricted by reference to or inference from the terms of any other clause or paragraph of these articles.
 ARTlCLEv.
 The authorized amount of capital stock of this corporation shall be Two million, two hun dred and fifty thousand dollars (a.25OO OOOOS) divided into twenty two thousand five hundred I22,5OO) shares of One hundred collars QOOS each, Of which two thousand five hundred (2.hOO) shares shall be preferred stock, pre- ferred both as to dividends and principal and whlch preferred stock may be retired at par and accrued dividends at any time; and of which twenty thousand t20OOO) shares shall be common stock: said capital stock shall be paid Tor 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 thereln, real or personal, for the uses and purposes of the corporation, and in payment for which. shares of the capital stock of the corporation may be issued: and the capital stock so issued shall there upon be- come and be fully paid up and non-assessable, and in the absence of actual fraud. the judg- ment of the Board of Directors as to the value of the services rendered, or property purchased shall be conclusive.
 ARTICLE VI.
 The time ot 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 it's articles and franchises for an additional period of twenty-five years as now provided by law.
 ARTICLE VII
 Ihe management and control of the business, property and affairs of the corporation shall Le vested Tn and conducted by a Board of Direc- tors of not less than five persons, which num- Der may be increased at any time through an amnndmend 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 tn" first board which is chosen as hereinafter set forth
 he 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 h hlders. or any subsequent meeting.
 The officers and directors shall hold their of flee for the period of one year from and after their election and qualification. an6 until their successors are elected and qualified. unless re moved hy the Board of Directors The Board of Directors shall have the right to fill any vacancy ocNurring in the Board. by death. res ignatlon 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. and the person or persons elected to fill such vacancy or place created thrOu"h 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.
 Until the first annual meeting of stockhold- CTS and until successors shall have been elected and qualified. the following named persons shall constitute the Board of Directors of this corporation:
 Until the first meeting of elected directors after the first annual meeting of stockholders of this corporation. and until their successors Shall have been elected and qualified, the fol. lowing named persons shall be the officers of the corporation: President Mark w. Mus grove. Vice-Pres'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 to authorize and cause to be executed mort gageS, debentureS and other obligations which of the corporation and. in general to exercise all The power and authority of the company not expressly withheld from them by law. or by these articles of incorporation. or by the af. frmative action of the stockholders. or which shall be inconsistent with the laws of the United States, or the Stae 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, aud shall have the right to is sue notes. preference shares. debentureS. bonds or other oblgations or evidence of indebted n nnSSh n ttrQ un uA n n u n ifS property Provided that the highest amount of indebtedness and liability, direct or con tingent to which this corporation may at any time subject itself. shall be two hundred thousand GOO, ,OOOS) 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 majority in amount of the capital stock of this corporation. issued and outstanding. when expressed by resolution adopted at meeting of the Stork 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 t"O thirds in amount of the capital stock of this company. issued and outStanding when evidenced in writing: or with the consent of the holders of a majority in amount of the capital stock of this company. issued and out standinq. when evidenced hv resolution adopted at any meeting of the stockholders called and held pursuant to the Bylaws of the connanv.
 IN WITNESS WHEREOF. we hnve hereunto set our hands and affixed our seals on this 22nd day of Januarv. D. 1913.
 ' MARK W. WTsGROvE. (Sean
 JAMES A. ROBFRTS. tSeaD
 NICHOLASP. BOND. (SeaD