Arizona republican., 1898-05-03

and all other KluuS Ol uAn0i diS anu substances of commercial value, to buy. sell, bond, lease and to dispose of mines and mining properties of any description whatsoever; to develop, operate. prospect and improve said properties; to deal in merchandise and carry On any kind of mercantile bus mess in connection with said busi- ness: and to furnish all supplies nec- essary for the proper conduct Of the business of the corporation; to con- duct a general transportation busi- ness, either bE land or water; to es- tablish colonies and to develop prop critics; to employ people by contract or otherwise; to lay out town or towns at or near any of it's properties; and to sell lots therein; also for the purpose of taking real estate, stock, bonds and other securities in pay ment, in whole or in part of any bona fide debt owing to 1t or as security therefor, and to manage, use and dis pose of what has been so taken, CT purchased, as a natural person may do. Also for the purpose of subscrib- ing for, or purchasing the stock, bond, or other securities of any other cor poration, formed for the purpose Of manufacturing or producing any pro duct manufactured, produced or handled by this company; to con- struct, own or operate a railroad or other works of internal improvement into the country in which the works or properties of this company may be located. Also for the purpose of man ufacturing any of the products dealt in fn h "a lease or otherwise acquire rights in and to letters patent or inventions either in part or in whole; and to deal in them and issue licenses thereun- der; to invent and improve inven- tions and experiment with the same as may be deemed necessary for the best interests of the company.
 And for the purpose of doing any and all such other business as may be necessary, useful or incidental to the successful mana agement and pros ecution of the purposes and business aforesaid; to acquire, hold, deal in and own real estate; to erect any and all buildings as may be necessary or ad- vantageous in conducting said busi- ness.
 THIRD.
 The amount of the capital stock au- thorized is Five million dollars (s5, 5,OOO,O ,OO0), which will be divided into Fifty thousand shares, of the par value of One hundred dollars ($100) each, full paid and non-assessable, and which is to be paid in cash or property i'll one year.
 FOURTH.
 The corporation will begin business on the 1st day of May, 1898, Eighteen hundred and ninety-eight, and will terminate twenty-five years from date
 FIFTH.
 The affairs of the corporation shall be conducted by a board of directors consisting of not less than three nor more than twenty-one persons; the of ficers shall be a President, Vice President, Secretary, and Treasurer and at the option of the board of di- rectors a second and third vice-presi- dent, and assistant Secretary, and ar assistant Treasurer, and an Executive Committee; election of officers ano Directors shall be held On the first Tuesday of May.
 SIXTH.
 Highest amount of indebtedness: or liability to which this corporation shall subject itself shall be Two mil lion five hundred thousand dollars | ($2, 2,500, ,000). SEVENTH.
 Private property of members Of thi! corporation shall be exempt from cor | porate debts.
 EIGHTH.
 | Among the powers of this body cor porate, shall be: 1st, To have per petual succession. 2nd, To sue and b. sued by the corporate name. Sd, Tt have a common seal and to alter tn, same at pleasure. 4th, To render tn shares or interest of stockholder. transferable and to prescribe th' mode of making such transfers. 9th i To exempt the private property O members from liability for corporal, debts. 9th, To make contracts, ac quire and transfer property possessing 1 the same powers in such respects a. private individuals now enjoy | Tn establish all hv-1aws and make a