The Arizona sentinel., 1899-05-06

Act of the Legislative Assembly thereof, entitled "An Act Concerning Corporations approved March eth 1s97 fer the purpose of engaging in the lawful enteru,ise business pursuits and occupation hereinafter specified, do make, subscribe snd ac- knowledge according to law, these Articles of ln- i corporation, and declare,
 The nsnlo assumed by this corporation, and by which it shall be known, is the GLOBE CONSOLE [ DATED COPPER COMPANY. and the time Of the commencement of this company shell be tho day of the fling of thess Articles in the office of the County Recorder of the county of Yuma, Terri tory of Arizona, and the termination thereof shsn be twsasy-f,s (l5) yesrs thereafter,
 II
 The enterprise business pursuits and occupation In which this company proposes to engage, is that of acquiring by purchase, in al other lawful manner niues and mining clalms, mining stocks, franchises, industrial enterprises, water works gas works, electrical works, street railways end other eoEnmarciai enterprises; to develop, operate and maintain mines and mining claims, and deal in negotia.ans Of all krds, options end bonds; to re- port on mines and undertake negotiations of any nature, upon commission or otherwise to enter in to contracts for the construction and operation of railroads 5a buy, sell, own and operate all kinds Of stores for the sale of general merchandise min ing machinery, steam and electrical appliances or devices; to operate mills and sme!ters for the re- dGetion of all kinds of ore acquire, by purchase or other wise mill sites tramways and water rights, patents lands franchises and all kinds of property, real, personal mixed; to act agents, negotia- tors and promoters for other corporations or indi vlduals, or on it's own account to deal in bonds, .Ec. cfa ~iy fO acE or trustees in behalf of corporations estates indi- viduals; to lay out construct and acquire by pur- chase or in other lawful manner and possess, en- joy, operate and use franchises from any State or Territory of the United states, or any cosntry Of the world, or Of any County, or municipal or private corporation, wagon roads, canas, mills, factories houses, capital stock aEd bonds of corpor ations chattcls, goods, waves sEd merchandise, choses in action; to carry the business Of bank ing in su it's branches, borrowing and leaning money, de'ling in all kinds Of negotiable paper, including pron,ssory notes, mortgages, real and personal property, stocks, bonds, city, school, D county and other warrants, gold, silver, copper, lead and ether kinds CT b"lion, and ore bills of exchange and other evidences of debt, and bank able papers: buying, manufacturing, operating, ceiling and dealing in all kinds of electrical sP pIiances for driving machinery, motive power for propelling any and all knds Of mechanical sp- pliances when electricity other power is appli- cable; telephone and telegraph lnes and electri- cal lights; to transact any and all kuds of business which may be transacted by all individual to hold, use and enjoy the saIne and to aenate, sell, lease demise and dispose Of the same, or of any part thereof as well of any other property this corpor ation may possess be seized Of entitled to- and to hypotEecete, mortgage or pledge all or any part oi the property oi this corporation, or which it may in any manner Hereafter Ecqare, and issue it's nortgAges bonds, debentures other written evidences of indebtedness, for the objects and Iur- poses herein stated.
 The irectors Of this Corporation shall have full power to purchase mines mining rights, contracts options aiIl sites lands franchises patent rights or any other property that in their judgment seems for the best iaterests Of the Company to acquire, aud use in payment therefor the capital stcck oi the Company, it's mortgage bonds sud dsDentures, or ether written eYde ness ct nde1 tednoss, or ln cash as they maY deserm ne.
 An execusive committee may be appointed bJ the Board of Directors from among its members. which saall have power to do and perform any and all oI the duties Of the Board of Directors and all acts of said executive comluittee shall have the force and effect &s if performed by the Board of Directors
 III.
 The place where the corporation proposes to have it's principal office and place af business is in the Village of Yuma, County of Yuma, Territory of Arizons with chief branch office in the City Of New York, and other oliiccs at such places the Board of Directors may establish in London Paris, Havana, san Juan and Porto Rico.
 ".
 The capital stock of this Company shell be Two Million Five Hundred Thousand Dollars (s2 50C 000} [ divided into forty thousand eight per cent IS per cent preferred shares Of the par value of Twenty five Dollars (s25.oO) each. and Sixty Thousand (6o,- 0u0y common shaEss of the par value of Twenty five Dollars S?5oo) each; and the time when and condi- tions upon which it is to be paid follows The whole thereof immediately upon making subscrp- ton therefor and ths said stock shall be fully paid up when issued end shalt be non nsssessabs theYo- ater and no personal liability shall De attached 60 the holders of She stock thereof.
 Y.
 The amount of the par value of each share O; the capital stock ot this Company shall bs Twenty five Dollars (Sz5.V5!.
 The highest amount Of Indebtedness or liability, d;-oc. or contingent to which this Company is st any time to be subjsctei or to subject itself is ta. sum ot Che Million Dollars {5l, ,aoo).
 VII.
 The Stockholders of thls Corporation and theil private property shall be exempt from the co-por- ate debts oi thi5 corporation.
 VIII
 The aHalrs ot this Corporation are to be and shsl be conducted by Board of Directors consisting oi seven persons who shah be elected annually by the stockholders at such time and in such msaner aS shall he prescribed ny the Bylaws of this corpora tion, and all of whom shall be stockholders or sub scribeTs to, the captG, StOck or this corporation The following n9Fled persons who are subscriber' CGpi.aI stock Of this corporation, shall con stitute the Board of Directors or this Corporation until the tirst Wednesday after the first Monday in April I930 and until their successors, duly quail fed shall bs elected or appointed: Frank S In gals claus " Nee eden, q. 4. hirknalr, r. L. Need en, J . l.. Rsdoudo, Jag. Simmons, J. F Carpenter If any Director shall cease to be stochholdef, ht shall ccase to be Director Vacancies in the Board Of Directors shall be lled by the remainlng mem ber3 of the Board.
 Tp,r1cdiately. or as soon ss practical after the filing O. these Articles in the office of Che County Recorder Of hs County cf Yuma the persons here nbcfore named as Directors to serve until the frl Wednesday after the fret Monday in April, I90O shah meet and organize Board of Directors adopt Bylaws, and prescribe in said By Laws the me hoo of calling the meeting oi the Bo&rd of Directors ol 4 majority Of the Board of Directors shall consti- tute quolum of said Board fer the transacSion oi sad business,
 K
 The Board Of Directors of this Corporation shall have power to establish Bylaws and nlake all ru eS and regulations deemed expodisnt for the manage nent of affairs of this corporation. and the officers thereof and appoint eEper5s, engineers, attorneys and other persons to act agents CT repre- sntl- tiveS of this Company. residing i'll the United States or other count ies fix ther salaries and exercise all powers needful to conduct its business in all it's