Mohave County miner and our mineral wealth., 1921-05-20

be forever non-assessable. In the ab- sence of actual fraud, in the trans action, the determination of the Board of Directors as to the value of any property, right, services, benefit, op- tion 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 Certificate of Incorporation by the Arizona Corporation Commission, and the termination thereof shall be twenty-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 nine 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 March of each year, and the said Directors so elect ed shall hold office for one year or until their successors are elected and qualified; any vacancy which may oc- cur in said Board of Directors, wheth- CT caused by death, resignation or oth- erwise, shall be filled by election by the remaining members of the Board of Directors from among the stock holders of record. Said Board of Di- rectors shall have the power, with out the assent or vote of the stock holders, to make, alter and amend By Laws, and to make and establish any and all rules and regulations neces- sary for the conduct of the affairs of the corporation, not inconsistent with law or with these Articles of Incor- poration.
 With the consent in writing, or pur- .suant to the vote of the holders of a 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 quilified. , ARTICLE SEVEN: The officers of the corporation shall consist of a President one or more Vice Presi- dents, Secretary and Treasurer, and where the duties are not incon- sistent 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 annual meeting of said Board, which meeting shall be held immediately following the adjournment of the annual meet ing of the stockholders, and the Pres ident and Vice Presidents shall be from among their own number. The Board of Directors shall have the pow ef to appoint such other and addition al officers and such committees as it may deem necessary either as pro- vided by the By Laws or by Resolu- ton, 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 incorpor- ators, 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 elected and qualified.
 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 MILLION DOLLARS ($1, ,00000).
 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 cor poration.
 ARTICLE TEN: These Articles of Incorporation may be amended by a majority vote of the issued and out standing stock of the corporation at any regular meeting of the stockhold- CTS or at any special meeting thereof called for that purpose.
 IN WITNESS WHEREOF, we have hereunto set our hands and seals this w. Herndon.
 ISaa1l ~ I ALTERS