The Arizona sentinel., 1899-06-03

Act of the Legislative Assembly thereof entitled ''An Act Concerning Corporations approved | March sth, 1897, for the purpose of engaging in the lawful enterprise, business pursuits and occupation hereinafter specified, do make, subscribe and ac- knowledge according to law, these Articles of In corporation, and declare, The name 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 shall be the day of the fling of these Articles in the office of the County Recorder of the County of Yuma, Terri tory of Arizona and the termination thereof shall be twenty-five (25) years thereafter.
 II.
 The enterprise, business pursuits and occupation in which this company proposes to engage, is that of acquiring by purchase, in aly other lawful manner, mines and mining claims, mining stocks, franchises industrial enterprises water works gas works, electrical works street railways and other commercial enterprises; to develop, operate and maintain mines and mining claims, and deal in negotiations of all kinds options and bonds; to re- port on mines and undertake negotiations of any nature, upon commsi ln or otherwise; to enter in to contracts for the construction and operation of railroads; to 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 smelters for the re- duction of all kinds of ore to acquire, by purchase or otherwise, mill sites tramways and water rights, patents, lands franchises and all kinds of property, real personal or mixed; to act as agents, negotia tors and promoters for other corporations or indi vdua s, or on it's own account, to deal in bonds, stocks, notes patent rights; to act agents or trustees in behalf of corporations, estates ndi viduas; 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 Ter tory of the United States, or any country of the world, or of any County, municipal or private corporation, wagon roads, canals mills, factories, houses, capital stock and bond> of corpor- ations chattcls, goods wares and merchandise, choses in action; to carry the business of bank i ing in all it's branches, borrowing and leaning money, de ling in all kinds of negotiable paper, including prOmssory notes, mortgages, real and personal property, stocks, bonds city, school, county and other warrants, gold, slver copper, lead and other kinds of bullion, and ore. bills of exchange and other evidences of debt, and bank abe papers; buying, manufacturing, operating,
  piances for driving machinery, as motive power for propeling any and all kinds of mechanical ap- pliances when electricity or other power is appli- cable; telephone and telegraph lines, and electri- cal lights 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, of any part thereof well of any other property this cOrpor atonmly possess, be selzed of or entitled to, and to hypothe. ate mortgage or pledge all or any part of the property of this corporation, which il may n any manner Hereafter acquire, and issue it's mortgages bonds, debentures other written evidences of indebtedness, for the objects and Fur poses 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, it's mortgage bonds and debentures, or other written evidences of indeo tedness cash as they may determine.
 An executive committee may be appointed by the Board of Directors from among its members, which slall have power to do and perform and all oi the duties of the Board of Directors and all acts said executive committee shall have the same force anu effect performed by the Board of Directors
 III.
 The place where the corporation proposes to have its principal office and place of business is in tht Village of Yuma, County of Yuma, Territory o Arizona, with a chief branch efice in the City o New York, and other offices at such places as tn Board of Directors may establish in London, Paris , Havana san JuaD and or+O Ciro
 ".
 The capital stock of this Company shall be Tw Million Five Hundred Thousand Dolars (52 300, ,OOC , divided into forty thousand eight per cent 6 pc cent preferred shares of the par value of Twenty five Dollars (325.oO) each and Sixty Thousand (6O OOO) common shares Of the par value of Twenty fv Dollars 325Oo) each; and the time when and cond tions upon which it is to be paid are follows Tn t whole thereof immediately upon making subscrlI ton therefor and the said sock shall be fully pai upwhen issued and shall be non-assessabe there after, and personal liab ity ,hall be attached t the holders Of the stock hereof
 V.
 The amount of the par value of each share of u capital stock of this ompaAy shall be Twenty-f, ! Dollar (525.OO).
 The highest amount of indebtedness or lia lit direct or contingent, to which this Company is any time to be subjected or to subject itse is t sum of One Million Dollars (5l,O O,OOC.
 VII.
 The Stockholders of thIs Corporation and the private property, shall be exempt from the corpo1 ate debts of this corporation.
 VIII
 The affa r. ot this 0rp1rayion are to be and sha E be conducted by Board of Dire o1s, consisting seven persons who shall be elected annually by u Y stockholders. at time and ill such manner shall be prescribed ny the Bylaws of this corpor tion and all of whom shall be stockholders or sul e SC ibers TO- the capital stock of this corpor,tio = The following named persons who are subscribe to tine capital stock of this corporation shall col | ii ute the Board of Directors of this Corporatio until the first Wednesday after the first Monday April. I9 o, and until their successors, duly qual aed shall be elected or appointed: Frank $ | gals, laus Y. Meedyn, II. A. kirkham, 5. L. Nee . en, J l.. ;edOndo, Jas. Sin mons, J. H Carpente ] ii any Director shall cease to be stockhOlder -ha cease to be Director. Vacancies in the Boar u of Directors hall be filled by the remaining men - Jtrs Board
 nmcdi ,telv or as soon as practical after u i i 2 of these Articles in the office of the Count
 ccurder of he County of Yuma, the persons her
 nbefore named as directors, to serve until the fir r. "Wednesday aft r the first Monday in April, I9O IN all meet and Organi a Board of Directors, adOl Laws, and rcscribe in said Bylaws the methC o If ealing 5j4e meeting of the BOarJ of Directors n Am5.5riiy of the Board of Directors shall const ., a quo. um of said Board for the transaction -. -aid business,
 - The Be trd of Directors of this Corporation sh, , lave power to establish By-Laws and make all rul u ana. reguatons deemed eXpedient for the mana2 ment oftffai of this corporation. and the office E; Uh, reot anJ appoint experts, engineers, attorne aid other persons to act agents or repre- eut l. Jycs of this Company, residing in the InCed Stat 1. her unt i,s fix their salaries and exercise