Arizona silver belt., 1901-11-21

manner and to accept hold, possess, enjoy operate use, franchises from any State an, Territory in the United States, or any County municipal or private corporation; wagon roads mills factories houses capital stock and bond of corporations chattels, gdods wares ant merchandise choses in action; to buy, manu fracture, sell and deal in all kinds of property real personal and mixed electrical appliances driving machinery motorpower for propellinp any and all kinds of mechanical appliances where electricity is adaptible; telegraph and telephone l'nes, electric lights; transactinp any an n'l kinds of business which may be transacted by n natural person To hold cul. cultivate, prove up use and enjoy the same, ana to alenate' sell, lease remise and dispose oi the same or any part thereof. as well as any other property this corporation possesses, be seized Of, or entitled to. To borrow mon. ey to contract to repay the same at such time or times and with such rate or rates of inter- est as US Boafd of Directors deem proper and see nt 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 se- cure the payment Of any debt of thls corpor. alton, with such interest thereon as 1t may be legally obliged to pay.
 III
 The amount of the capital stock of this cor. poration shall be One Millio n 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 isfactory to them
 The time of the commencement Of this cor poration shall be the day of the filing of these Articles Of record in the ofiice of the County Recorder of Gla County, and certified copy with the Secretary of the Territory of Ari- zona, and the termination thereof shall be twenty-five years thereafter.
 V.
 The affairs Of this corporation are to be and shall be conducted by Board of Directors consisting of eight persons. who shall be elect ed annually on the first Monday after the first Tuesday in october. or as soon thereafter as
 
 and manner as shall be prescribed by the by lawsof this corporation. And hereafter no person shall be eligible 10 the ofice Of Direc- tor unless he k astockholder in the corpora tion.
 Said Board Of Directors shall have full pow. CT to fill vacancies on their board and may elect such officers and appoint such commit tee committees from their own board to aid in the management of business and conduct all the af1airs of said corporation as they may deem expedient.
 The following named persons who are sub. scrbers hereto shall constitute the Board Of Directors for this corporation for the first year and until their successors duly qualified shall be elected, to-wit:
 Lee Crandall. Wesley Crabb, R ". Crabb Jean J. Crandal Theodore Crandall, Robert W Wosefer. b n, Crabb Lee Crandall IT, And thereafter. if any Director shall cease to be stockholder he shall cease Co be Dl. rector Immediately, or as soon as practical after the hllng of these Articles in the ofice Of the 1 County Recorder of Gila County and 8 cerii- fed copy with the Secretary Of the Territory | Of Arizona. the persons named herein as Dlrec | NiN " " A'i hAt hiNA lNdi anu uALll NAlfH successors duly qualified shah be elected, shall i meet and organize as . Board Of Directors, | adopt bylaws. and prescribe in said bylaws i the metho of calling meetings Of the Board | of Directors and stockholders.
 VI The highest amount of indebtedness or lia- ! Dllity direct or contingent to which this cor poratIon k at any time to De subject is the sum i of Fifty Thousand Dollars.
 VII The stockholders of this corporation and . their private property shall be exempt from | the corporate debts o' this corporation.
 VIII
 The Board of DrectooS of this corporation | shall have power to establish by laws and . make all rules and regulations deemed expedi. en. for the management of the affairs Of this and the officers thereof, not in- consistent with the 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 sth day of August, A D 1901
 LEE CRANDALL, (SeaD