Arizona republican., 1917-02-15

corporate debts. To make contracts, acquire and transfer property possess ing the same powers in such respects as private individuals now enJoy As the Board of Directors may deem to the advantage of the corporation in the carrying on of a general mining business.
 ARTICLE III: The Capital Stock of the corporation shall be One Million Dollars ($1,000, ,000), divided into one million shares of the par value of One Dollar each, which shall be paid in at such times as the Board of Directors may designate, in cash, real or per sonal property, services. lease, opri"n to purchase, or any other valuable right or thing, for the use and purposes of the corporation, and all shares of Capital Stock, when issued in exchange therefor, shall thereupon and thereby become and be full paid the same as though paid for in cash at par. and shall be non-assessable forever. and the judgment of the Directors as to the value of any property, right or thing acquired in exchange for capital stock shall be conclusive.
 ARTICLE ": The commencement of the corporation shall be the date Of the issuance to it of a certificate of'ln- corporation by the Arizona Corporation Commission, and it shall endure for the full term of twenty-five years thereafter, with privilege of perpetual succession as provided ny Statute.
 ARTICLE V: The affairs of the cor poration shall be conducted by a Board of Directors and such officers as the said Directors may elect or appoint. The number of directors shall be designated by the Bylaws and shall be elected from among the stockholders at their annual meeting to be held on the first day of June of each year. Until the first annual meeting of the stockholders and until their successors have been elected and have qualified, the following named persons shall be the officers and directors:
 w. T. Maxey, President and Direc- tor; J. w. Lee. 1st Vice President and Director; J. F. Mitchell, 2nd Vice President and Director; c. C. Ball. Secretary and Director; Bessie Ball Mays, Treasurer and Director.
 ARTICLE VI: The Directors shall have power to adopt, amend and re- scind by laws, to fill vacancies 0ccurr- ing in the Board from any cause. and to appoint fromtheir own number an executive committee and vest said com mittee with all the powers glanted the Directors by these Articles.
 ARTICLE VII: The highest amount of indebtedness or liability to which the corporation may at anyone time sub ject itself is Five Hundred Thousand Dollars ($500,000), or never to exceed 1ne-half of it's capital stock
 ARTICLE VIII: The private prop erty of the stockholders of the cor poration shall be forever exempt from it's debts or obligations.
 ARTICLE TX: This Corporation does hereby appoint J. w. Lee. of Winkelman. Arizona, who has been a bona fide resident of Arizona for at least three years or more, its lawful agent in and for the State of Arizona for and in behalf of said Company. to accept and acknowledge service of. and upon whom may be served all necessary process or processes in any action, suit or proceeding that may be had or brought against the said Company in any of the courts of said State of Arizona. Such services of process or notice or the acceptance thereof hY said agent endorsed there cn, to have the same force and ef- feet as if served upon the President and Secretary of said Company. IN WITNESS WHEREOF. We | hereto affix our signature and seals this 24 day of November. A. D. 1916.
 
 BESSIE BALL MAYS, (SeaD | w. T. MaXey, (SeaD I c. C. BALL. (SeaD STATE OF CALIFORNIA, County of Los Angeles:-ss. | Before me. B. F. Sellers. a Notary ! Public in and for the State and l County aforesaid. on this day per- | sonally appeared Luella M. Rowland. | Bessie Ball Mays, w. T. Maxey and | c. c. Ball known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged to me that they exc cuted the same for the purpose and | consideration therein expressed. | GIVEN under my hand and seal of office this A day of November, A. D. 1916.
 l B. F. SELLERS Notary Public. i My commission expires 30th day of October A. D. 1918.