The Arizona sentinel., 1899-06-03

oPPl4"INSS IOI uIINlHS IldcnlHSIN, as mo- tive power for propelling any and all kinds of mechanical appliances when electricity or other power is applicable; telephone and telegraph lines, aud electrical lights; to transact any and all kinds of business which may be transacted by an individual; i; 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 its mortg ges, 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 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 rom among it's members, which shall have power to do and perform any and all oi 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 O1 New York, and other offices at such places as the Board of Directors may establish ir 1 Porto Rico.
 The capital stock of this Company shal | be Two Millions of Dollars C$2, ,000, GOO ) divided into Four hundred thousand 400, 1 0O0) shares of the par value of Five ($5,0O 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 issued and shall be nOn-assesSable there
 after, and no personal liability shall be | IaI Nf | thereof.
 l The amount of the par value of eact 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 | tion.
 VIII.
 The affairs of this Corporation are to bt and shall be conducted by a Board of Di
 rectors. consisting of seven persons wh(
 shall be elected annually by the stock holders, al such time and in such manne
 as shall be prescribed by the Bylaws o this Corporation, and all of whom shal
 be stockholders, or subscribers to the capi l t,l 1ft l ing named persons who are subscribers tt
 the capital stock of this Corporation, shal
 constitute the Board of Directors of thi l 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 ". Dorsey James Simmons, J. B. NJ. Grosvenor, Vii
 liam H. Reynolds, John H. Carpenter Joseph L. Redondo.
 If any Director shall cease to be a stock
 holder, he shall cease to be a Director Vacancies in the Board of Directors shal
 be filled by the remaining members of tht Board.
 l Immediately, or as soon as practical, af
 ter the filing of these Articles in the office
 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 1T | said Bylaws the method of calling the
 meeting of the Board of Directors ol stockholders.
 majority of the Board of Directors shall constitute quorum of said Board fol 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 in the United States or other countries, fix their salaries and exercise all powers need ful to conduct it's business, i'll all its branches.
 In witness whereof, we have hereunto set our hands and seals, this 18th day oi April, 1899.
 STEPHEN w. DORSEY, (sEAL) VIM. H. REYNOLDS, (sEAL)
 STATE AND COUNTY OF NEW YORK ss
 Before ne, 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