Arizona republican., 1899-07-04


  branch offices may be established at such othlsr places as its board of di- rscsorEi may desire and determine, that at such branch offices 1t may also hold meetings Of stockholders and di- rectcrs and transact any and all bus ness in the same manner as at the designated office.
 The time Of the c0mmencemelt of this corporation shall be on the date of the filing these articles in the Of 1 flee of the couEty recorder of Maricopa County, Arizona. and the termination thereof twenty-five years from that date.
 ARTICLE IT.
 The purposes and business fer winch | this corporation is formed. is the ac- Quisition by purchase, bond lease CT otherwise, of mineral or ether prop critics The development and sale, | leasing, bonding milling. improving or otherwise working or disposirg Of any properties. real Cr. personal, that 1t may acquire in any way. The puf- chase and sale or diaiaiing in real, per sonal CT mixed property Of any k-nd CT character. including the owning of
 
 general to transact and do any and ali things coincidelt to and consistent with the proper prosecution of all the purposes as herein set forth
 ARTICLE ".
 The amount Of cap,ta stock of this corporation shall be Che Million Eve Hundred Thousand Dollars (S1,500. OOO.00), divided into fifteen thousand -1,- sf.fo q dollars (s10000) each, 10 be paid in cash or pT'oPaIty from tsne to time as subscriptions shall be made for the same; and no stock shall be issued lIl- til fully paid, and the same shall be ncn-asseesable thereafter.
 ARTICLE Y.
 The maximum ar1o5,u; of the indebtedness or liabilities of any shtll be authorized to incur at any time. or fer winch it czn be made liable. is the sum of Two Hundred and Fifty ThouSard Dollars ($250, ,O0O00)
 ARTICLE 7I.
 The Stockholders Of this corporation and thsiD private property shall b5 a5 all times exemp5 from the corporate d6OtS Of this corPor2f-0n-
 ARTICLE VII.
 The affairs of th-s corporation shall be conducted by board of directors, composed of not less than thres nor more than ssvGn persons, who shall be elected g the annual meeting of the stockholders of this corporation, to be held at the office Of the company in Phoenix. ATiZona, on Lhs second Mon day in January in each year, and shall hold office until thelr successors are elected and qualified.
 The officers Of this corporat1on shall be Q Pres.lsEit N3ce-President. Secre- tary and Treasurer who shall be elected annually from among the board Of directors at 9 meeting there Of to be held immed iateiy after the annual meeting of the stockholders. The secretary and tr5aSGT6r may be one and the same person. Any meet ing of the directors at which a quorum shall be present, shall be deemed a legal nse'.ing, and their acts shali have the same force and effect though passed by 9 full board whether the absent members of the beard had notice Of the meeting or not. The president shall be the executive officer of the corporation and sign all con- cheeks, contracts. and ether Instruments. and in his absence Or inability to act, the v.ce-preSLdent shall perform his duties. The following named persons who are subscribers to the capital stock of this corporation shall bs it's officers and directors Untii their successors are elected and qualified: C. F. Ainsworth, President and Di- rector F. I. Kendall Vice-Prss;dent and Di- rector. Louis c. Masten, Secretary Treas urar and Director H. William Stevens. Director. William T. Hutchinson, Director.
 ARTICLE VIII
 All vacancies that may occur n 1 board of directors shall be filled until | the next annual election by the meEn- bers of ths board of directors remain 1 .ng in office
 The board of directors of the cor pcIat1on may appoint such committee ] or committees. or such business man | ager or managers, to .aid in the man | agement Of the business of this cor l poEatiCn. as they may dsem expedi- | -rt, and vest ir such mann gers or com ! rf ttees, such powers as the boar1 Of f directors may deem best.
 ARTICLE K
 No person shall ba eligible to the ! office of director in this corporation | unless he is stockhOlder at leas- | thirty days previous to the date cf hls i election, and any director CT officer ceaslng to be 3 stcckholder shall | -hereupon cease to be a director or of ieer in the corp
 As soon as practicable after the fling of these articles of fncorpor 3ticn T the office of the county recorder of MaTicOpa County, Arizona Territory,