Mohave County miner and our mineral wealth., 1922-02-10

l I limit or restrict in any manner the powers of this corporation, and are in furtherance of, and in addition to, and not in limitation of the general pow CTS conferred by the State of Arizona, and that the objects and powers here in specified, except as otherwise ex- pressly provided, shall in no wise be limited or restricted by reference to, or inference from, the terms of any other clause or paragraph of these Articles of Association, and that each of the objects, purposes or powers specified shall be regarded as an in- dependent object, purpose or power, as the case may be.
 Article 8.
 The capital stock of the corporation shall be One Hundred Thousand Dol lars ($100,00000), divided into One Thousand Q,000) shares of the par value of One Hundred Dollars ($100) each, which shall be paid in at such time or times as the Board of Direc- tors may designate, in cash, real or personal property, services, lease, op- tion to purchase, or any other valu- able right or thing, for the uses and purposes of the corporation, and all shares of capital stock, when issued in exchange therefor, shall bear upon, 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 4.
 The commencement of the corpora tion shall be the date of the issuance to it of Certificate of Incorporation by the Arizona Corporation Commis- sion, and it shall endure for the full term of twenty-five years thereafter, with privilege of perpetual succession as provided by statute.
 Article 5.
 The affairs of the corporation shall be conducted by Board of Directors, and such officers as the said Directors may elect or appoint. The number of Directors shall be designated by the Bylaws, and they shall be elect ed from among the stockholders at their Annual Meeting, to be held on the Third Tuesday in the month of January of each year. Until the first Annual Meeting of the stockholders, and until their successors have been elected and have qualified, the follow ing named persons shall be the off cers and directors: Homer c. Chapin, Director and President; Emily c. Chapin, Director and Vice-President;. Elizabeth S. Gooding, Director, Tscas- urer and Secretary; William s. Jen- nings, Superintendent.
 Article 6.
 The Directors shall have power to adopt, amend and rescind Bylaws, to fill vacancies occurring in the Board by any cause, and to-, appoint from their own number an Executive Committee or Managing Director, and vest said Executive Committee, or Managing Director, with all the pow CTS granted to Directors by these Articles.
 Article 2.
 The highest amount of indebtedness or liability to which the corporation may at any time subject itself is Sixty-Five Thousand Dollars ($65,- 000.00).
 Article 8.
 The private property of the stock holders of the corporation shall be forever exempt from its debts or ob legations.
 Article g.
 This corporation does hereby ap- point Anson 1T. Smith, of the city of Kingman, Arizona, who has been bona fide resident of Arizona for at least three years, it's lawful agent in and for the State of Arizona, for and in behalf of said company, to accept and acknowledge service of, and upon whom may be served, all necessary process or processes in any action, suit or proceeding that may be had or brought against the said company in any of the courts of said state of Arizona, such service or process, or notice, or the acceptance thereof by said agent, endorsed thereon, to have the same force and effect as if served upon the President and Secretary of said company.
 IN WITNESS WHEREOF we here to affix our signatures and seals this Fifteenth day of December, A. D. 1921. EMILY c. CHAPIN (SeaD ELIZABETH s. GooD1NG (seaD HOMER c. CHAPIN (SeaD STATE OF ILLINOIS,
 County of Cook-ss.
 Before me, Sarah B. Satellite, a Notary Public in and for the State and County aforesaid, on this day per sonallv appeared Homer c. Chapin,