Arizona silver belt., 1900-02-08

stream. or to some existing railroad turnpike or public highway; to erect operate and main tain boarding houses, hotels to do a general merchandise business to acquire by purchase, location, and in any other lawful manner, real estate, lands and all other kinds of property, real personal and mixed to lay out, con struct and acquire, by purchase or in any other lawful manner, and accept, hold, possess, enjoy operate, use franchises from any state or territory, of the United States, or any county, municipal or private cor polation, wagon roads, mills, factories houses capital stock and bonds of cor porations, chattels, goods, wares and merch andise, choses in action, to buy, manufacture, sell and deal in all kinds of property, real, personal and mixed electrical appliances for driving machinery, motor power for prupell- ing any and all kinds of mechanical appliances where electricity is applicable, telephone and telegraph lines, electric lights transacting any and all kinds of business which may be transacted b, q natural person; to hold, cul- tiNate prove up, use and enjoy the same and to alienate, sell, lease, demise and dispose of tine same or any part thereof, as well as any other property this corporation possesses, be seized of or be entitled to;tU borrow money and contract to repay the same at such time or times and with such rates of interest as its board of directors may deem proper and see fit, and to hypothecate, mortgage or pledge all or any part Oi the property which this cor poration may hereafter acquire; to secure payment uf such money with interest or to secure the paymentof any debG of this corpora. tion with such interest thereon as 1t may be legally obliged to pay.
 Third The amount of the capital stock of this cor rporation shall be two million dollars (2, 000, ,000 divided into two hundred thousand 200 OO0) shares, of the par value of ten dollars (Sl0) each, and the time when and the cundi. tions upon which it is to be paid are fol lows, to-wit: The whole of said capital stock shall be paid in in property necessary tor the purposes of the corporation upon resolution of the Board of Directors, and evidence of title and value satisfactory to them. Fourth-The cine of the commencement of this corporation shall he the day of filing of these articles for record in the office of the county recorder of the county of Gila, in the Territory of Arizona, and the termination thereof shall be twenty-five t25) years there after.
 Fifth The affairs of this corporation are to be and they shall be conducted by Board of Directors, consisting of thirteen l3J persons, who shall be elected annually on the first Monday after the first Tuesday in December. or as soon thereafter as practicable, by the stock holders at such time and manner as shall be prescribed by the bylaws of this cor. poration; and hereafter no person shall Ee eligible to the Othce of Director unless he is a stockholder in the corporation, said Board Of Directors shall have full power to i'll yacan- cies m their number and may elect such officers and appoint such committee com mites from their own number to aid in the management of the business, and in conduct ing of the affairs of the said corporation as they may see it, and vest in such officers and in said cummitteesal such powers as they may deem eXpedient The following named per sons, who are subscribers hereto, shall consti. ute the Board of Directors of this corpora. tion for tEe first year and until their success ors duly qualified shall be elected, to.wit; James A. Fleming Porter w. Fleming John T. Donnellan, Henry A. Fry, Charles E. COluney, E j. Houston, c. W. Potts, s. Davis Walton, w. w. Keen, Ernest l.. Tustin F.. w. Patton. James DobsOn and Jose 5h Wright, and thereafter if any Director shall cease to be a stockholder he shall cease to be Director. Immediately or as soon as practicable after the filing of these articles in the office of the county recorder of the County of Gila, Territory uf Arizona, the persons named herein as Directors to serve for the first year, and until their successors, duly qualified, shall be elected shall meet and or. ganize as a board of Directors adopt bylaws and prescribe in said bylaws the method of calling meetings of the Board of Directors and stockholders.
 Sixth-The highest amount of indebted. ness or liability, direct or contingent, to which this corporation is at any time to be subject is the sun of sfty thousand dollars (S50,000I.
 Seventl--The stockholders of this corpor- ation. and their private property shall be ex- empt from the corporate debts of this cor poration.
 Eighth The Board of Directors of this corporation shall have power to establish by laws and make all rules and regulations deemed expe iient for the management of the affairs of this corporation and the officers thereof, net inconsist- ent with tho constitution and laws of the United States and the laws of the terri. tory of Arizona.
 In witness whereof, we have hereunto set our hands and seals this l2th day of Decem. Der, A. D. 1899.
 | Seal JAMES A. FLEMING. | Seal PORTER w FLEMING. | Seal JOHN T. DoNSELLAN. | Seal HENRY A. FRY. | Sea- <. DAVIS WALTON. | Seal CHAs. E. CoLoNEY. | Seal EDWIN J. HOUSTON. | Seal w. W. KEEN