Arizona silver belt., 1901-10-31

 manner, and to accept hold possess, enjoy operate, use, franchises from any State and Territory in the United States or any County municipal or private corporation; wagon roads mllis factories, houses, capital stock and bonds or corporations; chattels, goods, wares and merchandise choses in action; to buy. manu. tacture, sell and deal in all kinds of property real, personal and mixed electrical appliances, driving machinery, motor-power for propelling any and all kinds of mechanical appliances where electricity is adaptible telegraph and telephone hnes electric lights; transacting any and all finds of business which may be Uafisacted bA natural person. To hold cu- cuitivate, prove up. use and enjoy the same ana to alienate, sell lease. remse and dispose or the same or any part thereof us well as any other property this corporation possesses, ne seized of, or entitled to. To borrow mon, eS to contract to repay the same at such time or times and with such rate or rates Of inter est as it's Boafd of Directors deem proper and zee ht to hypothecate to mortgage or pledge all or any part Of the property which this cor. poration may hereafter acquire. To secure payment of such money with interest or to SC. cure the payment of any debt of thls corpor.
 
 legally obliged to pay
 III
 The amount of the capital stock of this cor. poration shall be One Miilo II Dollars, divided into one hundred thousand shares of the par value of Ten Dollars per share, and the time when and the conditions upon which 1t IS to be paid are as follows, to-wit
 The whole of said capital stock shall be paid min property necessary for the purposes of the corporation, upon resolution of the Board Of Directors and evidence of title and value sat. tSfactory to thsm
 The time Of the commencement of this cor. poration shall be the day of the Bling of thee Articles of record in the oiSce of the County Recorder Of Gila County and c cerIifeG copy with the Secretary of the Territory of Arl. Eona, and the termination thereof shall be twenty-five years thereafter
 V The araits Of this corporation arc to be and shall he conducted by n Board of Directors consisting of eight persons. who shall be elect. cd annually on the first Monday after the first Tuesday in October or as soon thereafter as practical by the stockholders, at such time and manner ss shall he prescribed by the ny lawsof this corporation And hereafter no | person shall be eligible to the ofice Of Direc- tor unless he is a stockholder in the corpora tion. Said Board ot Directors shall have full DOW. CT to III vacancies on their board, and may | elect such officers and appoint such commit | tee or committees from their own board to aid | in the management of business and conduct | all the afTairs of said corporation as they mag deem expedient
 The following named persons who are sub scribers hereto. shall constitute the Board or Directors for this corporation for the first year and until their successors duty qualified shall be elected io.wii
 Lee Crandall Wesley Crabb, R W Crabb Jeaa ! Crand,ll Theodore CrandaI, Robert W Wolseisr D D Crabb Lee Crandall. Jr And thereafter lf any Director shall cease h bc sto't-.''vrier he shall cease to be D. r.,ss;;ss;;ir-
 immediately or as s,Vn aS practical after the hllng of these Artic es in the otficc Of the County Recorder of Gf3 County. and certf lied copy with the Secrtary Of the Territory ot Nrizpna the persons hQmed herein as Dlrec tors to serve for the first war and until their -u"cesSor- duly qualified shan, be elected shalr het' anu oFEdnh. as a BpaNu or DlredtOrS, adopt bylaws and prescribe il said bylaws he metho o' ealing meetings Of the Board ot Directors and stockholders
 VI
 The highest amount Of indebtedness or lia- 1iltty direct pr continger5, to which this cor. onrstion iS at any time lobe subject is the sum of Fifty Thousand Dollars.
 VII
 The Stockholdery of this corporation and .beir private prop4rty shall be exempt from he corporate dents o' this corporation
 VIII
 The Board of Di-ectoos of this corporation hall have power to establish bylaws and make all rules and regulations deemed ekpedi. 'n for the management of the affairs oi this corporation sld the officers thereof, not in consistent wi h the Constitution and Laws of he United S .ates and the Laws of the Terri Ory of Arz,na
 In witness whereof, we have hereunto set 'ur hands and seals. this sth day of August. \ D 1901
 LEE CRANDALB, (SeaD
 K w. NNRABB, (SeaD
 THEODORE CRANDALI., (SeaD
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