Mohave County miner and our mineral wealth., 1920-03-13

corporation from time to time, for any of the objects or pnrposss of the cor poration, and to secure the same by mortgage, pledge. deed of trust or oth erWises I..
 g. TSpurchase, hold. and reissue the | shares of it's capital stock.
 10. The foregoing clauses shall be construed both as objects and powers, and it is hereby expressly provided that the foregoing enumeration of specific l powers shall not be held to limit or | this corporation.
 II. In general, to carry on any other business in connection with the forego- | ing, whether manufacturing or other else with respect to all things. all pow l CTS, privileges and immunities conferred upon corporations of this class by the Laws of the State of Arizona.
 ARTICLE ".
 The amount of the capital stock of l this corporation shall be One Hundred l and Fifty Thousand ($150.000.00) Dol lars divided into One Million Five Hun I dred Thousand I.500,0OO) shares of the par value of Ten Cents (10c) per share, and the same, when issued. shall be for ever fully paid and non-assessable. Said stock shall be issued at such time or times, and upon such terms and con- ditions as may be provided by the Board | Of Directors, and same may be exchang- ed for mines, mining claims or for any other property, real or personal, or for benefits accruing or for services render ca to the corporation, in any manner or form whatever. as the Board of 7Direc tors may determine, and in the absence of actual fraud in the transaction such determinati0n of the Board of Directors shall be final. s . ARTICLE V.
 The time of the commencement of this corporation shall be the day upon which certified copy of these Articles of In corporation from the Arizona Corpora q lei rInI ...A flee of the Recorder of Mohave County. Arizona, and the termination thereof shall be twenty-five years thereafter with privilege of renewal as provided by law.
 ARTICLE VI.
 Ihe management and control of the business, property and affairs of this corporation shall consist of Board of directors, who shall be elected from among the stockholders of reclfd at the regular annual meeting of the stock holders, which annual meeting shall be me neia on the second Tuesday in January of each year, and said Directors so ei- ected shall hold office for one year. or unt!! thelr successors are elected and quail1led, any vacancy which may occur m m sueh Board of Directors. whether wise, shall be filled by election by the remaining members of the said Board of Difectors rom among the stockholders oh or. ,recSrd. Said Board of Directors laws and make all rules and regulations necessary for the conduct and manare ment of the affairs of the corpOration. nor inconsistent with law or these Ar Annual Meeting of the Stockholders the following shall constitute the Board of Dlrectors or this corporations: F M. townsend. William R. Fee, w. M. V. ssnd Sa1PenteF' .. D' Martin, and J. H. Town
 ARTICLE VII.
 1he ot1lcers of this corporation shall consist of a President, Vice-President, secretary and Treasurer, both of by the same person, together with such other officer or officers as the Board of Dlrectors may from time to time deter | mine mine. The first Board of Directors, tha Mneh selected, shall elect the officers of the corporation, and the President and vlce-Presldent shall be from among thelr own number The officers so se7 lected shall hold office until the annual w5icb eGeths sbo5 of tae Board of Directors, gable following the Annual Stockholders Meeting and shall thereafter be Selected at said Annual Meeting of the Board of Directors and shall hold office for one 1 ed and qualified. o,oe'
 Ihe Following named persons shall | serve as the officers of the corporation uhlH tne IlrSt Annual Meeting of the | Board of Directors, or until theM smc- cesSors are elected and qualified. to-wit. F, M. Townsend, President; William K | Fee, Vice-President; VIM. V. Carpenter Secretary and Treasurer
 ARTICLE VIII |
 The highest amount of indebtedness or liability, direct or contingent, to which this corporation shall at any time subject itself, is the sum of One Hundred Thousand ($1O0OOO) Dollars.
 ARTICLE TX
 The private property of the Incorpor- ators, stockholders and directors of I1js | corporation shall be and is hereby made | forever exempt from any and all habiU- | ty for the corporate debts of any kind whatsoever.
 ARTICLE K
 These Articles of Incorporation may be amended by a majority vote of the outstanding stock of the corporation at any regular meeting of the stockholders. or at any Special Meeting thereof called for that purpose.
 ARTICLE XI.
 In furtherance. and not in linn 'tation of the powers conferred by statute, the Board>af- Directors is expressly auth orized: v. TT
 To make. alter amend and rescind the bylaws of this corporation; to fix the to be reserved as working capi- tai; to authorize and cause to be exc