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Collection: Original Records > Articles of Incorporation

Lakemont Gold Mining Co (AI-L027)(1910) (7 pages)

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notes, debentures and other exidences of indebtedness and se-~ cure the payment of the same by mortgage, deed of trust or otherwise; to act as agent, trustee, broker or in any other "fiduciary capacity. (a). “ To build, construct, operate and maintain railroads, cea, turnpikes, or canals, leading from its principal works sed place of business and operations to any navigable . stream, or to any existing railroad, turnpike or public highway . ~ and to construct, carry out, maintain, improve, manage, work, control and superintend roads, tramways, bridges, reservoirs, w water courses, aqueducts, syasves, furnaces, sawemills, crushing works, hydraulic works, factories, boats, ships, water lines of transportation, and other workd and conveniénces which may be necessary, directly or indirectly, in connection with any objects of the company, and to contribute to, subsidize, or . otherwise aid or take part in such operations, and in general . to do all things necessary to the proper conduct of the business of this corporation. Article III. The capital stock of thecurporation shall be One Million ($1, 000,000.00) Dollars, divided into One Million (1,000,000) shares of the par value of One ($1.00) Dollar, each, which shall be paid for at such times and in such manner as the Board of Directors may designate. All or any portion of the capital stock may be issued in payment for real or personal property, services, or any other right or thing of value nece . essary for or incidental to the advancement of the purposes of the corporation, and when so issued shall become full paid, the same as though paid for in cash at par; and the directors shall be the sole judges of the value of any property, right or thing acquired in exchange for capital stock. No shares of stock shall be issued until fully paidfor in the manner and at the price prescribed by the Board of Directors or stockholders and thereafter the same shall be non assessible. Article IV.