The Arizona sentinel., 1899-07-01

ClfO POWSI lOI pIOpclIlHR aLy anu all hIIIuS l 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.
 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 toi acquire, and use in payment therefor the capital stock of the Company, it's 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 its 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 it's 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$2OOO, ,0OO) divided into Four hundred thousand (400, 00O) shares of the par value of Five $500 Dollars each; and the time when and con- ditions upon which it is to be paid are as follows: The whole thereof immediately upon making the subscription therefor, anC the said stock shall be fully paid up wher issued and shall be non -assessable there after, and no personal liability shall bt attached to the holders of the stocl thereof.
 The amount of the par value of eacf share of the Capital Stock of this Company shall be Five Dollars C$5.OO).
 VI.
 The highest amount of indebtedness O liability, direct or contingent, to which thi } Company is at any time to be subjected, O subject itself to, is the sum of Five hun dred thousand dollars ($5OO,OOO). VII.
 The Stockholders of this Corporation and their private property, shall be exemp from the corporate debts of this Corpora ' ton.
 VIII.
 The affairs of this Corporation are to b. and shall be conducted by Board of Di , rectors, consisting of seven persons wh' shall be elected annually by the stock holders, at such time and in such manne as shall be prescribed by the Bylaws o 7 this Corporation, and all of whom shal be stockholders, or subscribers to the capi tai stock of this Corporation. The follow ing named persons who are subscribers t the capital stock of this Corporation, shal constitute the Board of Directors of thi Corporation, until the first Wednesda after the first Monday in April 1900, an, until their successors, duly qualified, shal be elected or appointed:
 John P. Jones, Stephen W. Dorsey James Simmons, J, B. M. Grosvenor, Vii
 liam H. Reynolds, John H. Carpenter Joseph L. Redondo.
 If any Director shall cease to be stock holder, he shall cease to be Director Vacancies in the Board of Directors shal be filled by the remaining members of tn Board.
 Immediately, or as soon as practical, af ter the filing of these Articles in the otfic of the County Recorder of the County O Yuma, the persons hereinbefore named a Directors, to serve until the first Wednes day after the first Monday in April, 1900 shall meet and organize Board of Di , rectors, adopt Bylaws, and prescribe il said Bylaws the method of calling thu meeting of the Board of Directors O. stockholders.
 A majority of the Board of Director shall constitute quorum of said Board fo the transaction of said business, TX.
 The Board of Directors of this Corpora ton shall have power to establish Bylaws and make all rules and regulations deemed expedient for the management of affairs o this Corporation, and the officers thereof and appoint experts, engineers, attorneys and other persons to act as agents or repre- sentatives of this Company, residing il the United States or other countries, ti1 their salaries and exercise all powers need ful to conduct it's business, ill all it: branches.
 In witness whereof, we have hereuntC set our hands and seals, this 18th day ot April, 1899.
 | STEPHEN w. DORSEY, (sEAL)
 VIM. H. REYNOLDS, (sEAL)
 STATE AND COUNTY OF NEW YORK ! ss
 Before me, Sherman w. Ford, Notary Public in and for the said County and State aforesaid, on this day personally appeared Stephen w. Dorsey and William H. Key holds, personally known to me to be the persons described in and who executed the foregoing instrument, and they and each of them acknowledged to me that they and each of them executed the same for the purposes and considerations therein ex- nreSSp0