Arizona republican., 1901-10-11
Board of Directors may by resolution

direct
 Second: The general nature of ths business proposed to be transacted by this corporation is as follows. to-wit:
 To purchase, lease. bond. locate ar otherwise acquire, own. exchange, sell or otherwise dispose of. pledge, mort gage, hypothecate and deal in mines mining claims. oil lands. mineral lands, oil gas. asphaitum, petroleum. water and water rights. and to work, mine. explore and develop the same; to do ., general real estate and mercantile bus mess; to own. handle and control let ters patent and inventions; to borrow money and execute mortgages or deeds of trust to secure the same. and In gen eral to do all things necessary to the proper conduct of the business of this corporation in the Territory and else where, not inconsistent with the laws of the United States and the Territory of Arizona.
 Third: The authorized amount cf capital stock of this corporation shah be Ten Billion Dollars Cs1O.000 COG. .00O) divided into ten billion shares of the par value of One dollar (s1.0o) each At such time as the Board of Directo $ may by resolution direct. said capital stock shall be paid into this corporation either in cash or by the sale and tran:-
 
 for the uses and purposes of said cor poration in payment for which shares of the capital stock of said corporation may be issued. and the capital stock so issued shall thersupon and thereby become and be fully paid up and non assessab ble.
 Fourth: The time of the commences ment of this corporation shall be the date of the filing of these articles If sY. ~N.~ retary of Arizona. and the termination thereof shall be twenty-five years thereafter.
 Fifth: Tho affairs of this corpora tion shall be conducted by a Board of Three (to be increased by Directors by law) who shall be elected annually by the stockholders of the corporation.
 sixth: The highest amount of In debtedness or liability. direct or contiu- gent, to which this corporation is at any time subject shall be two-thiris the amount of the capital stock
 Seventh; The private property Of the stockholders and Directors of this corporation shall be exempt from cor porate debts of any kind whatsoever.
 To issue stock Common and Pre- ferreO Bonds. Coupon Bonds and Scrip.
 To buy. sell and manufacture iron. steel. manganese, coke. copper. lead. silver. lumb1r and other materials and all minerals and products, into any and all kinds of merchantable articles and products.
 To own and operate smelting and re- ductiCn works and carrying on the business properly pertaining to su-h works and improvements.
 To establish and conduct hotels. re- sorts and springs companies. gas works. water works. building and loan associations and transacting the busi- ness pertaining thereto.
 To act as trustee. assignee. guardian. execUtor or receiver
 To construct ships and build cars auG engines.
 To do a general contracting business.
 To acquire. own. lease. occupy. use or develop lands containing coal. iro.I, stone, marble O. other minerals or ores or oil asphaltum or any wood lands Gy- other lands, to buy. sell, mine, extract and remove the same. '.
 To construct bridges. buildings, rail roads, harbors. docks, slips. elevators. water lifts, pipe lines, electric works. viaducts. acqueducts. dikes and canals and other water wayS and any other means of transportation of persons and goods. to maintain. operate and sell and dispose of the same except that the company shall not construct or operat. any railroad. tramway. turnpike or canal in the Territory of Arizona ex- cept such may lead from its prin- cipal works or place of business to some navigabie stream or to some eX- isting railroad. turnpike or public highway.
 To buy, own, lease, sell and convey the right of way upon which to con St railroads g nd
 To act as and employ agents and 10 other ana similar occupations and busi- nesses.
 To construct. maintain and operate telegraph and telephone lines, ferries and lines of stages.
 To supply light. heat ahd electric motor power to the public by any means.
 To conduct and engage in the princ- ing and the publishing business.
 To buy. subdivide and sell real prop erty in towns and cities and villages.
 To promote immigration and colonI- zation.
 To buy. sell, construct, operate and dispose of street railways.
 To buy sell. construct. maintain and operate dams. reservoirs. lakes. wells. fiumes' Iaterals and other necessary for the purpose of irri- Sation. navigation. milling, mining. ranching. farming. stock raising and city water works.
 To raisc buy and sell live stock.
 To grow. sell and purchase secd''. plants and trees for agriculture. horti- culture and ornamental purposes.
 To grow. buy and sell fruits, vegs- tables. tobacco. sugar cane. &c.. and to them into merchandise products.
 To buy, sell. construct. maintain and operate mills. oil refineries, sugar mills and refineries, saw mills and lumber machinery gins. Cotton compressors, grain elevators. wharves and public warehouses for the storage of all prod ucts and commodities and the pu~