Mohave County miner and our mineral wealth., 1920-04-24

the United States in which the company is engaged in business, as the Board of lD Directors may deem to the advantage | of the corporation, provided, however, that this corporation shall not engage in business as public service corpor- ation.
 ARTICLE III.
 The amount of the authorized capital stock of the corporation is One Hun dred and Fifty Thousand Dollars ($150,- | 000.00), divided into One Million, Five Hundred Thousand U,500,000) shares of | the par value of Ten Gents Q0c) each, which shall be paid in, at such times
 as the Board of Directors may desig-
 nate, in cash, real or personal property, services, lease. option to purchase, or other valuable right or thing, for the 1 uses and purposes of the corporation, and all shares of capital stock. when is- sued in exchange therefor, shall there upon and thereby become and be full paid the same as though paid for in cash at par, and the judgment of the Directors as to the value of any proper | ty, right or thing acquired in exchange
 for capital stock shall be conclusive. l The capital stock of this corporation
 shall be assessable.
 ~. ARTICLE W.
 The time of the commencement of the corporation shall be the day these Ar ticles are filed in accordance with law and the termination thereof shall be
 twenty-five (25) years thereafter. with
 privilege of renewal and right of per
 petual succession as now provided by
 law.
 ARTICLE V.
 The affairs of this corporation shall be conducted by Board of not less than
 three (3) nor more than nine (9) Direc- tors. by whom a President and one or
 and Secretary and Treasurer appoint l ed. The Directors shall be elected by and from among the stockholders on the first Monday in April, 1921, and an
 nually thereafter on such date as shall
 be fixed by the Bylaws of the Cor
 poration. Until their successors are el-
 ected and qualified, the following named persons shall be the directors and of ficers as stated: J. H. Daniels, Presi-
 dent and Director; c. M. Murphy. Vice President and Director; V. Levey, Sec
 retary, Treasurer and Director. ARTICLE VI.
 The Directors shall adopt Bylaws for the government of the corporation and may amend the same. They shall have power to fill vacancies occurring
 in the Board from any cause. and to ap- point from among their number an Exc cutive Committee which, to the extent provided by resolution or by the said Bylaws, shall have and exercise the
 powers granted the Directors by these Articles.
 .> ARTICLE VII.
 The Directors may at any time by res olutfon levy and collect assessments up on all of the subscribed capital stock for the purpose of paying expenses, con- ducting business or retiring debts, or for any other purpose which they may deem proper. No one assessment shall exceed twenty (20) per cent of the amount >of the authorized capital stock. The Bylaws of the Corporation or, in the absence of any Bylaws covering or limiting any matter, action, or pro-
 cedure in connection herewith, then the Resolution of the Board of Directors shall provide for and define the manner and form in which the Directors shall levy and collect assessments. In the event any stock shall be sold by or un-
 der direction of the Directors as a
 means for the collection of any unpaid
 balance due or payable on account of on such stock, the Directors shall cause
 the name of the purchaser to be regis
 tered as the owner of such stock upon
 the books and records of this company and thereafter, regardless of any irreg-
 ularity or insufficiency in the proceed
 ings for the sale -of" such stock or the
 misapplication by any person of the funds received from such sale, the valid-
 ity of such sale shall not be impeached
 by any person and the sole action for any person aggrieved by the sale shall
 be for damages only and against the
 company exclusively.
 ARTICLE VIII. With the assent in writing of the
 holders of the majority of all the capital