The Arizona sentinel., 1899-05-20

Act of the Legislative Assembly thereOl ehuluieu 'An Act Concerning Corporations approved March sth, lS97 for the purpose of engaging in the lawful enterprise business pursuits and occupation hereinafter specified, do make, subscribe and ac- according to law, these Articles of h. 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, or in al y other lawful manner, mines and mining clalms mining stocks, l 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 ln negotiations of all kinds, options and bonds to re- port on mines and undertake negotiations of any nature, upon commission otherwise; to enter in to contracts for the construction and operation o railroads; to buy, sell, 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 agents, negot1a- tors and promoters for other corporations or ndi- ylduals, or on it's account, to deal in bonds, stocks, notes, patent rights; to act agents CT trustees in behalf of corporations, estates or ndi 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 Terr tory of the United States, any country of the world, of any County, or municipal or private corporation, wagon roads, canals, mills, factories houses capital stock and bonds of corpor ations chattcls, goods, wares and merchandise, choses in action to carry the business of bank ing in all its branches borrowing and leaning money, de, ling in all kinds of negotiable paper, including promissOry notes, mortgages, real and personal property, stocks, bonds, city, school, county and other warrants, gold, silver, copper, lead and other kinds of bullion and ore. bills ot exchange and other evidences of debt, and bank able papers; buying, manufacturing, operating, selling and dealing in all kinds of electrical ap pliances for driving machinery, as motive power for propellng any and all kinds of mechanical ap pliances when electricity other power is appli cable telephone and telegraph lines, and electri- cal ights to transact any and all kinds of business which may be transacted by individual, to hold use and enjoy the same, and to alienate, se lease demise and dispose of the same, or of any par thereof as well of any other property this eorpor ation may possess be seIzed of or entitled to- ant to hypothccate mortgage or pledge all or any part ofthe property of this corporation, or whcf it may in any Hereafter acquire, and issue it's mortgages bonds, debentures or other writer evidences of indebtedness, for the objects and Fur , poses herein stated.
 f The directors of this Corporation shall have fui 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 th r Company, its mortgage bonds and debentures, O other written evidences of indebtedness in casl as they may determine.
 f An executive committee may be appointed by tn Board Of Directors from among it's members, whicl snail have power to do and perform any and all 0 the duties of the Beard of Directors, and all acts said executive committee shall have the same fore and effect as if performed by the Board of Directors n H.
 The place where the corporation proposes to hay It's principal office and place of business is in tn Village of Yuma, County of Yuma, Territory n Arizona with chief branch office in the City :, New York, and other offices at such places th Board of Directors may establish in London, Pari Havana, San Juan and Porto Rico.
 ",
 The capital stock of this Company shall be Tw Million, Five Hundred Thousand Dollars (52, 300, ,00 divided into forty thousand eight per cent 6 p' to cent preferred shares of the par value of Twenty l five Dollars (S25.CO) each and Sixty Thousand (6O NJ oOO) common shares of the par value of Twentyf' Il Dollars S250O) each; and the time when and cond lions upon which it is to be paid follows: I'll i' whole thereof immediately upon making subscr1
 ton therefor and the said stock shall he fully pa
 up when issued and shall be non-assessable ther
 aftsr, and no personal liability shall be attached
 the holders of the stock thereof
 The amount of the par value of each share of u
 capital stock of this Company shall be Twenty-f
 Dollars (525.oOl
 The highest amount of indebtedness or liabilit
 direct or contingent, to which this Company is
 any time to be subjected or to subject itself, is t
 sum of One Million Dollars (5l, ,OJO,oo0).
 VII.
 The Stockholders of this Corporation and the private property, shall be exempt from the corpo ate debts of this corporation.
 VIII
 The affairs of this Corporation to be and sh' be condu:ted by a Board of Directors, consisting seven persons who shall be elected annually by t stockholders. at such time and in such manner shall be prescribed by the Bylaws of this corpol tion and all of whom shall be stockholders, su scribers to, the capital stock of this corporato The following named persons who are subscribe
 to the capital stock of this corporation, shall co
 stitute the Board of Directors of this Corporato
 until the first Wednesday after the first Monday
 April 1920, and until their successors, duly qual
 fed. shall be elected appointed: Frank ;. l
 gails Claus Y. Mceden Ii. A. kirkham, 5. l.. Nee - en, J. L. Redondo, Jas Simmons, J. II Carpentt - If any Director shall cease to be stockholder,
 shall cease to be a Director. Vacancies Tn the Boa
 of Directors shall be filled by the remaining mer
 bers of the Board
 Immediately or as soon as practical, after u
 filing of these Articles in the office of the COun Recorder of the County of Yuma, the persons her
 nbefore named Directors, to serve until the fiji
 Wednesday after the first Monday in April, 19t shall meet and organize Board Of Directors, ado . Bylaws, and prescribe in said By Laws the meh
 of calling the meeting of the Board of Directors ! stockholders.
 majority of the Board of Directors shall const
 tute quorum of said Board for the transaction said business,
 The Board of Directors of this Corporation sh; e have power establish Bylaws, and make all rul ) and regulations deemed eXpedent for the manag ment of affairs of this pOIation. and the office / thereof, and appoint eXper5s, engineers, attorne
 and other persons to act as agents or repre- ent nft hi fpaaIla
 or other counties, fix their salaries and exercise 9s powers needful to conduct it's business, in all