Arizona republican., 1900-12-30

of the Territory of Arizona, do hereby make, sign and acknowledge these ar- ticles of incorooration, and deriare as follows:
 ARTICLE I.
 Thn name assumed by this corpora = lion, and by which it shall be known. i' the Arizona Concentrating Com pany: and its principal place of trans . acting business is and shall be In the City of Phoenix, Maricopa County, Arizona, but said corporation shall have the right to transact business ill any part of the Territory of Arizona. or in such other places as l. may from time to time deem rXpedient or ad- visable. The names of the corporatorS; Of this corporation are s. NJ McCowan, J. Ernest Walker. w. K. Maull. c. V. Sayre. B. Graham and Hugh II. Price.
 ARTICLE IT.
 The general nature Of the business proposed to be tlnnsactod by this cor pOration is that of engaging in mining and milling, including the working and development of all mines and mining claims situated in the Territory of Arizona or elsewhere: the running and operating of all mills for the extrac- ton Of precious metals from ores wher- ever the same may be found and at such place or places as this corpora tion may hereafter determine; buying and selling mines and mining claims and owning mining properties; buynE and selling and operating all kinds of mining machinery; buying and s,llirg g all kinds of merchandise whether used in connection with opera ting mines or mills in the extraction of ores, or oth- erwise; dealing in all kinds of personal property, including the stocks of other corporations; and doing any other bus mess connected with mining or mill ing or merchandising, including the owning of such real estate as the cor poration may hereafter deem expedi- ent or advisable. And fo. the purpose of Hransactins any business herein specified this corporation shall have the right to borrow money and con- tract 10 repay the sane at such timt, or times and at such rate ot interest as its board of directors dircc.: they shall have the right to mortgage, hypothe- cate or pledge an. Of the property oS this corporation, or any property this corporation may hereafter acquire, to secure the payment of any money boy rowed by R, or to secure any ot hey debt of this corporation.
 ARTICLE III.
 The amount of the capital stock Gu- thorized, and the time when and con- ditions upon which the Fame is to be paid in, are as follows: The capital stock shall be s5.O0n. divided into 5000 shares of the par value or one dollar per share: the capital stock shall be paid in full when subscribed, and af- ter being s0 paid and certificates is- sued thereon, such stock shall be nou- assessable.
 ARTICLE ".
 The time of the commencement of this corporation shall be the datp of the filing of these articles in the office of the county recorder of Maricopa County, Arizona, to-wft: On the 18th day of November, 1900, and the time of the termination of this corporation n shall be twenty-five years thereafter.
 ARTICLE V.
 he OlllCeTS dHl peTSO1S Dy whom the affairs of this corporation shall be conducted, and the times q. which they shall be chosen, shall De as follows, tO-wit: A board of directors, con- sisting of three stockholders, to be elected annually on the first Monday in March. at the office of i.he corpora tion in the city of Phoenix, at tea o'clock in the forenoon Of said day: the officers shall be a pTesidcnt, vice president, secretary and treasurer; the secretary and treasurer may be one and the same person, or the vice. president and secretary may be one and the same person; these officers shall be elected at the first meeting of the board of directors held after their cleo tion, from among the members Of said board. Until the first annual election of directors, and the election of the officers of this corporation. the follow ing named persons shall Ep the direct Ors and officers of this corporation. to-wit: s. M. McCOwan, director and president; J. Ernest Walker, director and vice-president; Hugh II. Price, di- rector and secretary and treasurer.
 ARTICLE VI.
 The highest amount of indebtedness