Mohave County miner and our mineral wealth., 1921-06-24
LEGAL NOTICES

DRIED THOUSAND DOLLARS ($1,- 500,000.00) divided into 1,500,000 shares of the par value of ONE DOL LAR each. Said stock shall be is- sued at such times and upon such terms and conditions as may be pro- vided by the Board of Directors, and same may be exchanged for mines, mining claims, or for any other prop erty, real, personal or mixed, or for benefits accruing or services rendered to the corporation in any manner or form whatsoever, and all shares of capital stock so issued in exchange therefor shall thereupon and thereby become fully paid, and said stock shall be forever non-assessahle. In the absence of actual fraud in the transaction, the determination of the Board of Directors as to the value of any property, right, services, benefit, option or thing acquired in exchange for stock, shall be conclusive.
 ARTICLE FIVE: The time of the commencement of this corporation shall be the date of the issuance of a Certificate of Incorporation by the Arizona Corporation Commission, and the termination thereof shall be twen- ty-five years thereafterwards, with privilege of renewal as provided by law.
 ARTICLE SIX: The management and control of the business, property and affairs of the corporation shall be vested in Board of Directors, con- sisting of not less than three nor more than five members, who shall be elect ed by the stockholders of record from among their own number at the an- nual meeting of the stockholders, which annual meeting shall be held at the principal office of the company on the third Monday in April of each year, and the said Directors so elect ed, shall hold office for one year or un- til their successors are elected and qualified; any vacancy which may oc- cur in said Board of Directors, wheth- CT caused by death, resignation, or otherwise, shall be filled by election by the remaining members of the Board of Directors from among the stockholders of record. Said Board of Directors shall have the power without the assent or vote of the stockholders, to make, alter and amend By Laws, and to make and es- tablish any and all rules and regula- tions necessary for the conduct of the affairs of the corporation, not incon- sistent with law or with these Articles of Incorporation. l
 With the consent in writing, or pur- suant to the vote of the holders of majority of the issued and outstand- ing stock of the corporation, said Board of Directors shall have the pow CT to sell, assign, transfer, convey, lease or otherwise dispose of the whole or any portion of the property of the corporation.
 The first Board of Directors shall be selected by the incorporators as soon as convenient after the filing of these Articles of Incorporation with the Arizona Corporation Commission, and shall hold office until the first annual meeting of the stockholders, or until their successors are elected and qualified.
 ARTICLE SEVEN: The officers of the corporation shall consist of President, one or more Vice Presi- dents, a Secretary and a Treasurer, and where the duties are not inconsis- tent more than one of said offices may be held by the same person. Said officers shall be selected by the Board of Directors at the regular an nual meeting of said Board, which meeting shall be held immediately fol- lowing the adjournment of the annual meeting of the stockholders, and the Presidet and Vice Presidents shall be from among their own number. The Board of Directors shall have the power to appoint such other and addi- tional officers and such committees as it may deem necessary, either as pro- vided by the By Laws or by Resolu- tion, all to hold office at the pleasure of the Board of Directors, and their duties and compensation shall, be pro- vided by said Board. The first off cers shall be selected by the Board of Directors selected by the incorpora- tors, and shall hold office until the first annual meeting of the Board of Directors, and the officers thereafter wards selected at the annual meeting of said Board shall hold office for one year or until their successors are elect ed and qualified.
 ARTICLE EIGHT: The highest. amount of indebtedness or liability, di- rect or contingent, to which this cor poration shall at any time subject it. self is the sum of ONE MILLION DOLLARS ($1,O00,000.00)..
 ARTICLE NINE: The private property of the stockholders of this corporation shall be and is hereby made forever exempt from any and all liability for the debts of the corpora tion.
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