Mohave County miner., 1915-05-29

In furtherance of its general powers the corpor- aton shall have the power to acquire, own, sell. dispose of or in any manner deal in or with any and all kinds of property real, personal or mixed; to buy, hold sell or in manner deal Tn or with the shares of the capital stock of this other cor porations; to pay for property purchased or ser vices rendered to the corporation with cash, stock or bonds of the corporation with cash, stock or bonds of the corporation with cash stock or bonds of the corporation otherwise. To make con- tracts; to borrow money, and to issue the prom issory notes bonds, mortgages or other evidences of indebtedness of the corporation as security therefor.
 In general to do any and all things necessary, convenient or incidental to the main object for which this corporation is formed. not inconsistent with the laws of the United States or the State of Arizona.
 ARTICLE FOUR: The amount of the capital stock of this corporation shall be one hundred thousand dollars divided into one hundred thou sand shares of the par value of one dollar per share, and the same when issued shall be forever fully paid and inaccessible Said stock shall be issued at such time or times, and upon such terms and conditions as may be provided by the board or directors hereafter provided for, and such stock may be exchanged for mines, or for any other property, either real or personal or for benefits accruing to the corporation or for serVlces rem dered to the corporation in any manner or form whatever, as the board of directors may deter mine, and in the absence of actual fraud in the transaction such determination of said board of directors shall be final.
 ARTICLE FIVE; The time of the commence ment of this corporation shall be the date when
  from the Arizona Corporation Commission shall be recorded in the office of the Recorder of Mohave County, Arizona, and the termination hereof shall be twenty five years thereafter. with privilege of renewal as provided by law.
 ARTICLE SIX: The highest amount of indebt- edness or liability. direct contingent, to which this corporation shall at any time subject itself, is the sum of Sixty five thousand dollars
 ARTICLE SEVEN; The affairs of this corpor- ation shall be conducted by board of directors, consisting of not less than three nor more than ,harc och pf Uyhp gh a k holder of record said board of directors shall hold office for one year until their successors are elected and qualified, and any vacancy in said board shall be filled by the remaining directors from among the stockholders of record.
 Said board of directors shall have the power to establish bylaws and make all rules and regula- tons necessary for the management of the affairs of the corporations, not inconsistent with the laws of the United States and the State of Ari- zona: provided that the following named persons shall constitute the board of directors until the first annual meeting of the stockholders, which said annual meeting shall be held on the third Thursday of May in each year, at which said an. directors shall be elected, until their successors are elected and qualified, to-wit: Robert T. Cegg, E. Hedburg and Owen J. Owens ARTICLE EIGHT: The officers of this corpor- ation shall consist of president, vice president secretary and treasurer, together as such other officers as the board of directors or the bylaws may provide for, or may be deemed necessary by said board of directors for the transaction of the business of the corporation.
 l ARTICLE NINE: The private property of the stock holders of this corporation shall be forever exempt from liability for corporate debts of any kind whatever
 ARTICLE TEN: These articles of incorpora- tion may be amended, modified or changed by a majority vote of the outstanding stock of the corporation at any regular meeting of the stock holders or at any regular meeting of the stock holders called for that purpose. 1 IN WITNESS WHEREOF. we have hereunto set our hands and seals this seventeenth day of May, A. D. 1915.
 c. w. HERNDON (SeaD VIOLA HOFFMAN (SeaD | STATE OF ARIZONA cc County of Mohave. s'' This instrument was acknowledged before me this 25th day of March, 1915, by c. w. Hernd on | and Viola Hoffman.
 My commission expires Feb. 2l, 1916. (Notarial SeaD 4 E. F. THOMPSON, . Notary Public. | First insertion May 29-3 July.