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Collection: Original Records > Articles of Incorporation

Murchie Extension Gold Mining Co (AI-M080)(1907) (8 pages)

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charter rights ~~ renewed (before its charter expires) from time to time, for periods not exceeding twenty=five (25) years at a time, pavpetuaily, FIFTH: (1) The affairs of this corporation shall be conducted by a Board of not less than three (3) nor more than seven (7) directors, who shall be elected on the 1st day of November of each year as the By-Laws shell provide, (2) The Board of Directars can either authorize, make, alter, amend and recind the By—Laws, and amend the Articles in any of the particulars herein of tis Company, SIXTH: That the amount of stock of said corporation is two million five hundred thousand dollars (2,500,000.00) and the number of shares into which it is divided is two million five hundred thousand (2,500,000) shares of the par value of one dollar ($1,00) each, That the capital stock may be paid for in service, cash or property at such time and upon such conditions as may be provided by the By~Laws or the Board of Directors, whose action thereon shall be final and conclusive, SEVENTH: That the highest amount of liability that this corporation shall subject itself at any one time shall not exceed one million five hundred thousand dollars ($1,500,000,00), EICHTH: The private property of the stockholders of this corporation shall be and is hereby made forever exempt from all liability for its debts or obligations, and there shall be no individual liability on the part of either directors or stockholders, WINTH: The capital stock of this corporation shal be and is hereby made forever non~assessable by this corporation for any purpose, “TENTH: All stockholders of this company shall have the right to inspect the Stock and Transfer Books of this corporation wed