Mohave County miner and our mineral wealth., 1922-04-14

part of the world, as the Board Of Dt- rectors may deem to the advantage of the corporation.
 ARTICLE V.
 The authorized amount of capital stock of this corporation shall be One Hundred Fifty Thousand Dollars ($150,- 900 O0), divided into One Million Five Hundred Thousand (1,500,000) shares of the par value of Ten Gents G0c) each. which shall be paid in at such time as the Board of Directors may designate, in cash. real or personal property. ser vices, lease, option to purchase, or any other valuable right or thing, for the use and purposes of the corporation; and all shares of capital stock when issued in exchange therefor shall there upon and thereby become and be fully paid up, the same as though paid for in cash at par, and shall be non-assessable forever, 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 VI.
 The time of the commencement of this corporation shall be the day upon which a certificate of incorporation is issued by the Arizona Corporation Commission. and the termination thereof shall be twenty-five years thereafter, with the privilege of renewal, as provided by law. ARTICLE VII. In furtherance. and not in limitation,
  1 affairs of the corporation shall be con- | ducted by a Board of Directors, consist | ing of not less than Three (3) nor more l than Nine (9) members, each Of whom shall be stockholder 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 January of each year. The first Board of Directors shall be selected by the in- corporators as soon as convenient after | the filing of these Articles of Incorpor- ation with the Arizona Corporation Com mission, and shall hold office until the first annual meeting of the stockholders | or until their successors are elected and | have qualified, and such board shall be composed of not less than Three (3) nor more than Nine (9) members as the in l corporators shall determine.
 The stockholders, at each annual meeting thereof, shall by resolution fix ! the number of directors at not less than Three (3) nor more than Nine (S), to serve for the ensuing year, and shall { elect the number of directors so fixed | in said resolution.
 l The officers of this corporation shall be a President, Vice-President Sec retary and Treasurer, to be elected by the Board of Directors. The Secretary and Treasurer may be one person. and | need not be a stockholder.
 ARTICLE VIII.
 The directors shall adopt Bylaws for the government of this corporation. with full power to amend the same; they are 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 or Bylaws. shall have and exercise full power of the Board of Di- rectors.
 | ARTICLE TX.
 The corporation indebtedness shall at no time exceed two-thirds of the amount of it's capital stock.
 ARTICLE x.
 The private property of the stock holders and officers of this corporation shall be and is hereby made forever exempt from the debts of the corpora TN IN WITNESS WHEREOF, we have hereunto set our hands this Srd day of March. A. D. 1922.
 M. B. DUDLEY, BERYL MORTLOCK.