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Collection: Original Records > Articles of Incorporation

Great Northern Gold Mines Inc (AI-G153) (1933) (13 pages)

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Subseriptions to, or the purchase price of, the capital stock of this Corporation may be paid for, wholly or partly, by cash, by labor done, by personal property, or by real property or leases thereof, and the judgment of the Directors, &s to the value of such labor, personal property, real property, or leases thereof, shall be conclusive, and the stock so issued and paid for shall be declared and taken to be full paid stock and not liable to any further call, nor shall the holders thereof be liable for any further payments thereon. No holder of any stock, of any class, of this Corporation, now of hereafter authorized, and no holder of any bond, debenture, or other security convertible into stock, of any class, of the Corporation, und no holder of any stock purchase privilege, now or hereafter authorized shall have any preemptive right to subscribe for, purchase or receive any part of any issue of stock or bonds, debentures or other securities convertible into stock, now or hereafter authorized (aLl such preemptive Tights being hereby denied to such holders); but any and all stock, ponds, debentures or other securities convertible into stock, now or hereafter authorized, may be issued ana disposed of by the Board of Directors to such person or persons, firms, corporations or associations, and on such terms and conditions and for such consideration, so far as may be permitted by law, as the Board of Directors, in its absolute discretion, may deem advisable and, by proper action, may provide. The amount of capital with which this Corporation shall commence business is One Thousand Dollars ($1,000.00).