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Collection: Original Records > Articles of Incorporation
Murchie Extension Gold Mining Co (AI-M080)(1907) (8 pages)

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Page: of 8

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