Mohave County miner and our mineral wealth., 1922-03-10

mess in connection herewith whether manufacturing or otherwise not contrary to the laws of the State of Arizona and with all the powers conferred upon cor porations within the laws of the State of Arizona,
 ARTICLE V.
 The corporation indebtedness shall at no time exceed two-thirds of the amount of it's capital stock; provided, however that the making of loans and re-dis- counting of said loans or the projects hypothecating or securing of said sums borrowed by the direct or indirect ob ligation of this corporation shall not be construed to be the creation of debt within the means of this article.
 ARTICLE VI.
 The amount of the total authorizing capital stock of this corporation is one million five hundred thousand dollars, ($1,500, ,000.O0), divided into one million five hundred thousand shares of the par value of one dollar each and shall be issued full paid and non-as. essable as the Board of Directors shall determine for cash property, services or other val uable things or rights and the judgment of the Board of Directors as to the value thereof shall be conclusive.
 ARTICLE VII.
 The corporation shall commence bus mess with the filing of these Articles of Incorporation with the Arizona Cor poration Commission, and shall termin- ate twenty-five years thereafter with the privilege of renewal as provided by law.
 ARTICLE VIII.
 In furtnerance and in limitation of the powers conferred by statute the af- fairs of the corporation shall be con ducted by Board of Directors consist ing of not less than three, nor more than nine members, each of whom shall be a stakeholder of record who shall serve for one year from the date of election, or until their successors are elected and have qualified. The direc- tors shall be elected annually by the stockholders on the second Tuesday in December of each year commencing one thousand nine hundred twenty-two. The first Board of Directors shall be elected by the incorporatorS as soon as conven- tent after the filing of these Articles of Incorporation with the Arizona Cor poration Commission and shall hold of flee until the first annual meeting of cessors are elected and qualified and such board shall be composed of not less than three nor more than nine mem bers. After the incorporators shall de- termine the stockholders at each annual meeting thereof they shall by resoIu- tion fix the number of directors at not less than three nor more than nine mem bers to serve for the ensuing year and shall elect the number of directors so fixed by said resolution. The officers of this corporation shall be president, vice-president, secretary and treasurer, to be elected by the Board of Directors. The secretary and treasurer may be one person and need not be Stock-holder.
 ARTICLE TX.
 The directors shall adopt bylaws for the government of this corporation with full power to amend the same: hey arc vested with power to fill vacancies occurring in the Board of Directors from any cause and to appoint from their own number an executive commit tee, which, to the extent provided for by the Board of Directors either by resolution of bylaws, shall have and exercise full power of the Boaro of Directors.
 ARTICLE N
 The private property of the stock holders and officers of this corpora ton shall be and is hereby made forever exempt from the debts of this corpora ton.
 IN WITNESS WHEREOF we have hereunto set our hands this Fist day of December, A. D. 1921.
 VIM c. FASTNOW.
 STANLEY F. OLEARY