The Arizona sentinel., 1899-08-05

tive power for propelling any and all kinds of mechanical appliances when electricity | or other power is applicable telephone and telegraph lines, and electrical lights; to transact any and all kinds of business | which may be transacted by an individual; ] to hold, use and enjoy the same, and to | alienate, sell, lease, demise and dispose of the same, or of any part thereof as well as of any other property this corporation may possess, be seized of or entitled to- and to hypothecate, mortgage or pledge all or any part of the property of this corporation, | or which it may in any manner hereafter acquire, and issue it's mortgages, bonds, debentures or other written evidences of indebtedness, for the objects and purposes herein stated.
 1 The Directors of this Corporation shall have full power to purchase mines, mining rights, contracts, options, mill sites, lands, franchises, patent rights, or any other property that in their judgment seems for the best interests of the Company to acquire, and use in payment therefor the capital stock of the Company, its mortgage bonds and debentures, or other written evidences of indebtedness, or in cash as they may determine.
 An Executive Committee may be ap- pointed by the Board of Directors from among it's members, which shall have power to do and perform any and all of
 the duties of the Board of Directors, and
 all acts of said Executive Committee shall
 have the same force and effect as if per
 formed by the Board of Directors.
 III.
 The place where the Corporation pro- poses to have its principal office and place of business, is in the Village of Yuma,
 County of Yuma, Territory of Arizona,
 with a chief branch office in the City of
 New York, and other offices at such places as the Board of Directors may establish in : London, Paris, Havana, San Juan, and
 Porto Rico.
 "
 The capital stock of this Company shall , be Two Millions of Dollars C$2, 100000 }
 divided into Four hundred thousand C400,
 000) shares of the par value of Five (S500
 Dollars each; and the time when and con ditions upon which it is to be paid are a: follows: The whole thereof immediately upon making the subscription therefor, anC
 the said stock shall be fully paid up wher r issued and shall be non- -assessable there : after, and no personal liability shall b,
 attached to the holders of the stocl
 thereof.
 The amount of the par value of eacl } share of the Capital Stock of this Compan. t shall be Five Dollars C$5.0O). l. VI.
 d The highest amount of indebtedness o
 liability, direct or contingent, to which thi e Company is at any time to be subjected, o l. subject itself to, is the sum of Five hun T dred thousand dollars ($5OO,OOO).
 VII.
 ,.' The Stockholders of this CorpOratio h and their private property, shall be exemI h from the corporate debts of this CorpOrs 1T ton.
 l. The affairs of this Corporation are to A and shall be conducted by a Board of D ,1 rectors, consisting of seven persons wh d shall be elected annually by the stock B. holders, at such time and in such manne k as shall be prescribed by the Bylaws ( y this Corporation, and ali of whom sha IS be stockholders, or subscribers to the cap n tai stock of this Corporation. The follow
 ing named persons who are subscribers - the capital stock of this Corporation, sha " constitute the Board of Directors of tn ~ VaHn a
 after the first Monday in April 1900, an n until their successors, duly qualified, sha be elected or appointed:
 John P. Jones, Stephen w. Dorse.
 James Simmons, J, B. M. Grosvenor, WI
 liam H. Reynolds, John H. Carpente Joseph L. Redondo.
 es If any Director shall cease to be a stocl le holder, he shall cease to be Directo Ct Vacancies in the Board of Directors sha T. be filled by the remaining members of tt
 Board.
 se Immediately, or as soon as practical, a l- ter the filing of these Articles in the otfiC er of the County Recorder of the County l. Yuma, the persons hereinbefore named { o1 Directors, to serve until the first Wedne
 day after the first Monday in April, 19O
 shall meet and organize a Board of Il, rectOrs, adopt Bylaws, and prescribe l l. Esaid Bylaws the method of calling th 'o meeting of the Board of Directors ( IL stockholders.
 le A majority of the Board of DirectO le shall constitute a quorum of said Board tt y the transaction of said business, le TX.
 'e The Board of Directors of this COrpori
 ton shall have power to establish Bylaw
 and make all rules and regulations deeme ld expedient for the management of affairs o- this Corporation, and the officers thereO y and appoint experts engineers, attorney I' and other persons to act as agents or repr s sentatives of this Company, residing l 7r the United States or other countries, ii et their salaries and exercise all powers neeC 5 ful to conduct it's business, ill all i 7o branches.
 l- In witness whereof, we have hereunt Io set our hands and seals, this 18th day d. April, 1899.
 pr STEPHEN w DORSEY, (sEAL) le VIM. H. REYNOLDS, (sEAL) to STATE AND COUNTY OF NEW YORK ! ss ol Before me- Sherman W. Ford, NOtar e, Public in and for the said County and Stat al aforesaid, on this day personally appeare o Stephen w. Dorsey and William H. Rey Ol holds, personally known to me to be th C. persons described in and who executed til $, foregoing instrument, and they and eac OI Of +baD, acLnOwIedUPd to me that they an Ct each of them executed the same for th 9r purposes and considerations therein e1 tS | pressed