Arizona republican., 1899-07-06

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  ], branch offices may be established at such other places as it's board of di- nactora may desire and determine, that at such branch offices it may also hold meetings of stockholders and di- rectors and transact any and all bus.i- ness in the same manner as at the designated office
 The time of the commencement of this corporation shall be on the date of the filing these articles in the of flee of the county recorder of Maricopa | County, Arizona, and the termination thereof, twenty-five years from that date.
 ARTICLE III.
 The purposes and business for which l this corporation is formed is the ac- quisition by purchase, bond, lease or otherwise. of mineral or other prop critics. The development and sale, l leasing, bonding. milling, improving or otherwise working or disposing of any properties, real or personal. that it may acquire in any way. The pur- chase and sale or dealing in real, per sonal or mixed property of any kind or character, including the owning of stock in other corporations, and in general to transact and do any and all things coincident to and consistent with the proper prosecution of all the purposes as herein set forth. ARTICLE ".
 The amount of capital stock of this corporation shall be One Million Five Hundred Thousand Dollars ($1 5O0,- OO0.00), divided into fifteen thousand .<,F 1 dollars (S10000) each, to be paid in cash or property from time to time as subscriptions shall be made for the same; and no stock shall be issued ul- til fully paid, and the same shall be non-asseEsable thereafter.
 ARTICLE V.
 The maximum amount of the indebtedness or liabilities of any kind which this corporation shtll be authorized to incur at any time, or for whhch it can be made liable, is the sum of Two Hundred and Fifty Thousand Dollars (S250, 100000.
 ARTICLE VI.
 The stockholders of this corporation and their private property shall be at all times exempt from the corporate debts of this corporation.
 ARTICLE VII.
 The affairs of this corporation shall be conducted by a board of directors, composed of not less than three nor more than seven persons, who shall be elected at the annual meeting of the stockholders of this corporation, to be held at the office of the company in m AN,s. day in January in each year, and shall hold office until their successors are elected and qualified The officers of this corporation shall be Q President, Vice-President, Secre- tary and Treasurer, who shall be elected annually from among the board of directors at a meeting there | of to be held immediately after the | annual meeting of the stockholders. | The secretary and treasurer may be 1 one and the same person. Any meet | ing Of the directors at which a quorum | shall be present, shall be deemed a | legal meeting, and their acts shall | have the same force and effect as though passed by a 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- veyances, checks. contracts, and other Instruments, and in his absence or to act, the v;ce-president shall perform his duties.
 The following named persons who are subscribers to the capital stock of this corporation shall be it's officers and directors un;il their successors are elected and qualified:
 c. F. Ainsworth, President and Di- rector.
 F. I. Kendall, Vice-Pres3dent and Di- rector.
 Louis c. Masten, Secretary Treas 1reir and DirectorA
 H. William Stevens, Director.
 Will:am T. Hutchinson, Director.
 ARTICLE VIII.
 All vacancies that may occur in board of directors shall be filled until .he- next annual election by the mem. oers of the board of directors remain ng in office.
 The board of directors of the cor 1oratfon may appoint such. committee or committees, or such business man. lgar or managers, to aid in the man agenIent of the business of this cor 1oration, as they may deem expedi- mt, and vest in such mann gers or con- nittees, such powers as the board of directors may deem best.
 ARTICLE TX.
 No person shall be eligible to the office of director in this corporation lnless he is a stockholder at least hirty days previous to the date of his election, and any director or officer easing to be a stockhiolder shall hereupon cease to be a director or of icer in the cOrpOrat:On
 As soon as practicable after the ling of these articles Of incorporation Il the office of the county recorder Of daricopa County, Arizona Territory, he persons hereinbffore named as d. 'cctors shall mIeiGt and adopt bylaws, | md at any regularly prescribed meelt- ng of board of directors, they nay make such rules and regulations