Mohave County miner and our mineral wealth., 1921-08-26
LEGAL NOTICES

or personal property, services, lease, option to purchase, or any other val uable right or thing, for the uses 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 for ever, and the judgment of the Direc- tors as to the value of any property, right or thing acquired in exchange for capital stock shall be conclusive. ARTICLE V. The commencement of the corporation shall be the date of the issuance to it of a certificate of incorporation by the Arizona Cor poration Commission, and it shall en- dure for the full term of twenty-five years thereafter, with privilege of perpetual succession as. provided by statute.
 ARTICLE VI. The affairs of the corporation shall be conducted by a Board of Directors consisting of five stockholders, who shall be elected an- nually, by the stockholders, on the second Monday of January each year at the office of the corporation in Kingman, Arizona, at the hour of 200 o'clock P. M. on said day, said Direc- tors shall hold their offices for the term of one year from the date of their election, and until their success sors shall be duly elected and quail fled, unless they shall. in the mean time, cease to be stockholders in this corporation, and any person ceasing to be stockholder in this corporation shall cease to be a Director or off cer of the same;
 The following named persons, who are subscribers to the capital stock of this corporation, shall constitute its officers and directors until the second Monday in January, 1922, and until their successors shall have been duly elected or appointed and qualified:
 c. N. Miller, President and Director;
 Wm. M. Steele, Vice-President and Director;
 E. Hall, Secretary-Tre and Director;
 Charles F. Ainsworth, Director;
 B. A. Shaw, Director.
 Vacancies in the Board of Directors shall be filled by the remaining mem bers of the Board for the unexpired term for which such persons were elected or appointed.
 A majority of the Board of Direc- tors of this corporation shall consti- ute quorum, and any meeting of the Board of Directors at which a quorum is present shall be deemed a regular meeting and have the same authority as full Board, whether mo- tice of such meeting shall have been first given to the absent members of the Board or not.
 ARTICLE VII. The officers of the corporation shall be a President, Vice. President, Treasurer and Secretary;
 All officers of the corporation shall be chosen or appointed annually by the Board of Directors at their first meeting in each year, from among their number, and shall hold office for one year and until their successors are elected or appointed, unless sooner re- moved;
 The President shall be the chief ex- ecutive officer of the corporation and shall have the general management of all of it's affairs subject to the ap- proval of the Board of Directors. In the absence or inability of the Presi- dent. to act the Vice-President shall have all the powers and perform all the duties of the President;
 All certificates of stock, contracts, deeds and conveyances shall be signed in the corporate name by the PresiT dent, or, in his absence, by the Vice. President, and be countersIgned by the Secretary, and have affixed there to the corporate seal;
 One person may be chosen or ap- pointed to hold one or more otflces' except that the President of the cor poration shall hold no other office;
 The Board of Directors shall have power to appoint such other officers or agents to aid in the management of it's business and in conducting the affairs of the corporation as they may deem advisable, and to vest in such agents such powers as they may deem expedient. n.
 ARTICLE VIII. The board of Dl- rectors shall have power to adopt, amend, and rescind Bylaws, to i'll vacancies occurring in the Board from any cause, and to appoint from their own numbers an executive committee and vest such executive committee with all powers granted the Directors by these Articles. .on
 They shall also have power to sell, assign, convey, or otherwise dispose o1 any or all of the property and assets of the corporation on such terms ana conditions as they shall deem eN- pedient; they shall have power to authorize and direct any officer to make, execute and deliver, for and m
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