Arizona state miner., 1927-03-19

it's principal place OF transacting business
in Arizona is Phoenix. offices may be
of stockholders and directors held at such
places within outside of Arizona aS the
Bylaws of the Company shall provide.
Article 1.-THE general nature OF the
business proposed to be transacted is to
make contracts; to purchase lease, option,
locate. or otherwise acquire, own, exchange,
gage, hypothecate and deal in mines. mining
claims. mineral lands. coal lands, oil lands.
timber lands. clay land. water and water
rights and other property. both real and
personal and to work. explore, operate and
develop the same, and to deal in the prod
ucts and by products thereof: to purchase,
operate and sell smelling and other ore
reduction works, oil refineries, saw mills,
clay works, power plants, railroads and
tramways to lead from the companys prin-
cipal works to do a general manufacturing
and mercantile business; to own, handle
and control letters patent and inventions
to own, cancel and reissue shares of its
own capital stock and to own and vote
shares of other corporations; to issue bonds,
notes and other evidences of Indebtedness
and to the payment of the same by
mortgage deed OF trust or otherwise; to
act as agent, trustee, broker, or in any
other fduciary capacity, and to borrow and
perform such acts and things and transact
such business, not inconsistent with law, In
any part of the world, as the Board OF
Directors may deem to the advantage OF
Article III-The authorized Capital Stock
of the corporation is one hundred Thousand
shares, divided into twenty-five thousand
shares of seven per cent, cumulative par
ticipating stock of par value OF ten
dollars a share and seventy-five thousand
shares of common stock of no par value.
The The. % nreferred stock shall be paid for at
the rate of ten dollars per share and the
common stock at such price as may be
from time to time decided upon by the
Board of Directors Payment shall be made
at such time as the Board of Directors may
designate, in cash, real or personal prop
erty services, lease option to purchase or
any other valuable right thing, for the
uses and purposes of the corporation, and
all shares of Capital Stock when issued IN
exchange therefor, shall thereupon and
thereby become and be full paid the same
as though paid for in cash at par, and
shall be worcestershire forever, and the
Judgment of the Directors as to the value
Of any property, right or thing ACQUIRED I'm IN
elusive After the preferred shares have
received all the dividends to which they are
entitled the common shares shall De entltleo
to receive seventy cents a share out OF any
net earnings available for this purpose,
after which both the preferred and common
shares shall participate equally IN any fur-
ther distribution of dividends. The, pre-
ferred shares shall be subject to call, IN
whole or in part, at Eleven Dollars (Sl10O)
a share and accrued dividends at the optlon
of the Board of Directors at any time atter
January first, 1882.
Article IV.-The time of the commence
ment of the corporation shall be the day
these Articles are filed in accordance with
law, and the termination thereof shall be
twenty-five years thereafter, with privilege
of renewal and right of perpetual success
sion as provided by law.
Article V-The affairs of this corpora
tion shall be conducted by a Board OF not
less than three nor more than fifteen vi u
rectors by whom President and Vice
President shall be elected and Secretary
and Treasurer appointed. The Directors
% shall be elected by and from among the
Stockholders the last Monday IN Janu-
ary of each year. Until their successors
are elected and qualified the following,
named persons shall be the Directors and
Officers A. R. Croft, President; G. M. King
Secretary; j. B. Lassiter, Director, and
r T. Oster. Director; all of Birmingham,
Alabama.
Laws for the government of the corpora
ton and may amend the same. They shall
have power to fill vacancies occurring IN
the Board from any cause, and TO appoint
from among their number an Executive
Committee which to the extent provided
by resolution or by the said Bylaws, shall
have and exercise the powers granted the
Directors by these Articles
Article VII.-The highest amount of in
debtedness liability. direct or contin-
gent, to which the corporation is at any
time to subject itself, must IN no case
exceed two-thirds of the amount OF the
| capital stock.
Article VIII-The private property of the
| Stockholders of the corporation shall be
forever exempt from corporate debts OF any
| kind whatsoever.
Article IX.-This corporation hereby ap-
points, authorizes and empowers H. r.
| Tritle, of Phoenix who Is and for more
| than three years last past has been bona
| fide resident of Arizona, its agent, who
may accept and acknowledge service of all
necessary process processes in any ac-
| ton, suit or proceeding that may be had
| or brought against this company in any OF
| the Courts of said State of Arizona, such
service of process notice, or the accept
ance thereof by said agent endorsed there
on, to have the same force and effect as
| if served upon the President and Secretary
of said Company.
sig natures this 31st day of January, 1927.
J. W. AKERS (SeaD
| HARLOW AKERS fSeaD
State of Arizona,
County of Maricopa }
| Public in and for the County and State
| aforesaid, on this day personally appeared
| J. W. Akers and Harlow Akers, known to
| me to be the same persons who signed the
| foregoing instrument and acknowledged to
! me that they executed the same for the
| Given under my hand and seal of office
| this 31st day of January, 1927
My commission will xpire on the 5th day
| of June, 1927.
OLIVE M. FOGLE,
| (SeaD Notary Public.
ENDORSEMENT
| Arizona Corporation Commission 1ncor-
porating Department = Filed February 1.
| 1927, at 1000 a. at request of Akers
| Incorporating Trust Company, whose ad-
| dress is Phoenix, Arizona.
F. J. K. MCBRIDE, Secretary.