Mohave County miner and our mineral wealth., 1921-03-25

ever, as said Board of Directors may determine, and in the absence of ac- tual fraud in the transaction such de- termination of the Board of Directors shall be final. ARTICLE FIVE: The time of the commencement of this corporation shall be the day upon which Certifi- cate of Incorporation is issued by the Arizona Corporation Commission and certified copy thereof be recorded in the office of the County Recorder of Mohave County, State of Arizona, and the termination thereof shall be twen- ty-five years thereafter, with privi- lege of renewal as provided by law.
 ARTICLE SIX: The management and control of the business, property and affairs of the corporation shall b. vested in Board of Directors con- sisting of not less than three nor mors than eleven members, who shall be se- lected from among the stockholders of record at the regular annual meeting of the stockholders, which shall b. held on the second Tuesday of Janu- ary of each year, and said Directors shall hold office for one year or until their successors are elected and quail flied; any vacancy which may occur in said Board, whether caused by death, resignation or otherwise, shall be filled by election by the remaining members of the Board from the stock holders of record. Said Board of Di- rectors shall have power to establish Bylaws and make any and all rules and regulations necessary for the con- duct and management of the affairs of the corporation, not inconsistent with law or these Articles of Incor- poration.
 The first Board of Directors shall be selected by the incorporators and shall hold office until the first annual meeting of the stockholders.
 ARTICLE SEVEN: The officers of the corporation shall consist of a President, one or more Vice-Presi- dents, a Secretary and a Treasurer, and where the duties are not incon- sistent more than one of said offices may be held by the same person. The Board of Directors shall have the power to appoint such other and ad- ditional officers as may be deemed necessary, and to prescribe their dut- ies, powers, compensation and term of office. The officers of the first Board of Directors shall be elected by the first Board of Directors, and shall hold office until the first annual meet ing of the Board of Directors. There after the officers shall be elected by the Board of Directors at their reg ular annual meeting, which shall be held annually as soon as practicable after the adjournment of the annual meeting of the stockholders. The President and Vice President shall be Directors and shall hold office until the next annual meeting, or until their successors are elected and quail fled, provided any vacancies may be filled at any regular or special meet ing of the Directors.
 ARTICLE EIGHT: The highest amount of indebtedness or liability, direct or contingent, to which this cor poration shall at any time subject it. self is the sum of One Hundred and Fifty Thousand Dollars.
 l ARTICLE NINE: The private property of stockholders of this cor poration shall be and hereby is made forever exempt from any and all lia- bility for the debts of the corporation.
 In Witness Whereof, We have here unto set our hands and seals this 26tk day of January, A. D. 1921.
 | JAMES G. KEZELER (SeaI
 L. L. WORKS (Seal |