Mohave County miner and our mineral wealth., 1922-02-03
PAGE ELEVEN

To act as agent, trustee, broker, or in
 any other fiduciary capacity; , And in general to do and perform such
 acts and things and transact such bus
 mess in connection with the foregoing , objects, not inconsistent with law, in
 any part of the world, as the Board of
 Directors may deem, to the advantage of
 the corporations;
 ARTICLE ". The capital stock of
 the corporation shall be one million dol lars S1,000, ,00000) divided into 1,000 900
 shares of the par value of one dollar
 ($1.O0) each, which shall be paid in at
 such times as the Board of Directors
 may designate, in cash, real or personal
 property, services lease, option to pur-
 chase, or any other valuable right or
 thing for the uses and purposes of the
 corporation, and all shares of capiatl l stock, when issued in exchange therefor. shall thereupon and thereby become and | be fully paid the same as though paid for in cash at par, and shall be non | assessable forever, and the judgment of the Directors as to the value of any property, right or thing acquired in ex- change for capital stock shall be con- | elusive.
 ARTICLE V. The commencement of the corporation shall be the date of the | issuance to it of certificate of incor- | poration by the Arizona Corporation Commission, and it shall endure for the full term of twenty-five years thereaf- ter, Wltn privilege or perpetual success | sion as provided by statute. | ARTICLE VI. The affairs of the cor poration shall be conducted by a Board | or plrectorS consisting of not less than | three nor more than five stockholders | of record, who shall be elected annual | ly, by the stockholders, on the second Monday in January each year, at the principal office of the corporation, and the said Directors so elected shall hold office for the term of one year from the I fhnfr cessors shall be duly elected and quali- fled unless they shall, in the meantime, cease to be stockholders in this corpor- alton, and any person ceasing to be a Stockholder in this corporation shall cease to be Director or officer of the same;
 Until the first annual meeting of the stockholders, and until their successors have been elected and have qualified, the following named persons shall be the of ficerS and directors: l.. Hoffman, Di- rector and President; w. F. Fowler, Di- rector and Vice-President; J. H. Hoff- man, Director, Secretary and Treasurer Any vacancy which may occur in said Board of Directors whether caused by death resignation or otherwise, shall be filled by election by the remaining mem bers of the Board of Directors, from among the stockholders of record.
 Said Board of Directors shall have the power, without the assent or vote of the stockholders, to make, alter and amend Bylaws, and to make and estab- fish any and all rules and regulations necessary for the conduct of the affairs of the corporation not inconsistent with law or with these Articles of Incorpor-~ ation.
 With the consent in writing, or pur- suant to the vote of the holders of a majority of the issued and outstanding stock of the corporation, said Board of Directors shall have the power to sell, assign, transfer, convey lease or other 0iSnnSp tion of the property of the corporation.
 ARTICLE VII. The officers of the corporation shall consist of a President. one or more Vice Presidents, a Secre- tary and a Treasurer, and where the duties are not inconsistent 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 i'm mediately following the adjournment of the annual meeting of the stockholders, and the President and Vice Presidents shall be from among their own number.
 The Board of Directors shall have the power to appoint such other and additional officers and such commit tees as it may deem necessary, either as provided by the Bylaws or by Res olution, all to hold office at the pleas ure of the Board of Directors, and their duties and compensation shall be pre- scribed by said Board,
 ARTICLE VIII. The highest amount of indebtedness or liability, direct or contingent, to which this corporation shall at any time subject itself, is the sum of five hundred thousand dollars ($5O0, ,000.00).
 ARTICLE TX. 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 corporation.
 ARTICLE x. These Articles of In corporation may be amended by ma. jority vote of the issued and outstand- ing stock of the corporation at any reg ular meeting of the stockholders or at any special meeting thereof called for that purpose.
 ARTICLE XI. This corporation does 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 services of, and upon, whom may be served, all necessary pro- cess or processes in any action, suit or. proceeding that may be had or brought agalnSt the said company in any of the courts of said State of Arizona such ser wee or process, or notice, or the accep- tance thereof by said agent, endorsed thereon, to have the same force and eff rect as IT served upon the President and Secretary of said company
 IN WITNESS WHEREOF we have hereunto set our hands and seals this l4th day of January, 1922.
 L. HOFFMAN,
 J. H. HOFFMAN. STATE OF ARIZONA,