Arizona state miner., 1926-08-28

AAOOO1
property of every kind, and under.
assets or liabilities of any person,
firm, association or corporation en-
gagged in or authorized to conduct any
business similar to any businesses
authorized to be conducted by this
corporation or owning property nee
essary or suitable for it's purposes,
and to pay for the same in cash, in
the stock or bonds of this company.
or otherwise. To hold or in any man
ner dispose of the whole or any part
! of the business or property so ac-
Quired, and to exercise all the powers
/ necessary or incident to the conduct
of such business.
To borrow money with or without
pledge or mortgage, on any or all G {
| its property, real or personal, as 6 :
| curity; to loan or advance money il
the discretion of the Board of Direo~
tors with or without mortgage or
other security. To execute pledges,
mortgages, trust deeds or other in
struments securing the payment Of
money borrowed by the corporation,
and to receive pledges, mortgages,
trust deeds or other instruments Sc
curing the payment Of money loaned
by the corporation.
To buy or otherwise acquire the
capital stock of this or other corpora
tions, and to own, hold and control,
purchase, vote, mortgage, hypOthe-
cate, deal in and dispose Of such
stock, and to assume all the rights,
powers and privileges Of ownership
thereof.
To in any manner exchange or dis
pose of the whole or any part of the
business or property of the corpora
tion upon any terms or conditic IL
whatsoever.
| To do all things necessary or il Il,
| dent to the various lines of busin 5;
herein specified and at such place o.
places within or without the State O..
Arizona as may suit the convenience
| of this corporation.
Article ~
| The authorized capital stock of this
corporation shall be Fifty Thousand
| Dollars $50,0O000), divided into fit
! ty thousand 100000 shares of the
par value of One Dollar ($1.00) each.
| The capital stock of this corporation
may be issued for cash, services or
property upon such conditions and
terms as may be determined by the
Board Of Directors, who shall have
| full power and discretion to fix the
value of the property or services for
which stock may be issued, and
whose valuations shall be conclusive.
The Board of Directors may sell
stock for cash at such price or prices
ioc to
mine. The stock shall be fully paid
and non-assessable.
Article "
The time of the commencement of
this corporation shall be the date of
the filing of these Articles with the
Arizona Corporation Commission and
the recordation of a certified copy
thereof in the office of the County
Recorder of Maricopa County, Arizo-
ma, and shall terminate twenty-five
(250 years thereafter unless it be re-
newed in manner provided by law.
Article vi
The affairs of this corporation
shall be conducted by a board of not
less than three (3) directors. Such
direstOrs shall be elected at the an
nual meeting of stockholders, which
shall be held on the first Monday in
May of each year, and shall serve
until their successors are elected and
qualified. Until the first = annual
are elected and qualified, the follow
ing named persons shall constitute
the Board of Directors:
Romaine H Lowdermilk;
Henry D. Warbasse;
Christine Tuthill
The Board shall have power to fill
all vacancies occurring in their num-
ber
The Board of Directors shall have
full power to adopt bylaws and alter
and amend the same, and make all
rules and regulations expedient for
the management of the affairs of the
corporation.
The directors shall be stockholders
of this corporation, and any person
ceasing to be stockholder shall ipso
facto cease to be director.
Article VII
The officers Of this corporation
| shall be: president, a secretary,
| treasurer, and such other officers as
! the Board of Directors may designate
in the bylaws. The officers shall be
elected by the Board of directors
from among it's members Immediately
! after each annual meeting Of stock.
holders, and shall hold office for one
CD year or until their successors are
elected and qualified
Until the first annual meeting of
the Board Of Directors, the Directors
herein named shall elect the officers
OF the corporation, and the Board of
Directors shall have power and auth
GRITTY to fill any vacancies occurring
among the officers of this corpora.
ton.
Any two of the above-named Off
ces may be held by one and the same
person If ordered by the Board of
Directors.
Article VIII
Tie highest amount of liability or
inde ebtedness, direct or contingent, to
which this corporation may at any
~.