Arizona republican., 1901-02-15

require, the game as if specifically set forth in these articles.
 Second: That the general nature of the business to be transacted shall be to engage in mining, trade and grans- portation; to acquire mining claims of any and ali kinds, to mine, quarry and drill for p1tro!sum, b!tumen. .asphalt, gold, silver. copper. quicksilver, gyp- sum. stone and any and all other met als and minerals and products to buy, own. hold, sell, cucumber, convey, work, operate and Geal In mines and mining lands and claims and the pro- | ducts 1f mir es, and water rights and systems of any and all kinds for any | and all purposes; 10 buy. own. hold, sell, cucumber, convey and deal in | stocks, bonds, real estate and personal property; to borrow and loan money upon security and otherwise for the l purposes of the COrporatlon: to issue | evidences of indebtedness payable in money or property; tO construct, own and operate pipe lines and other means of transp -r,aJion, mining. man. utacturing and other plants, and ether buildings, works and improvema to act as agent, broker, contractor or trustee in respect to the foregoing pur- poses.
 Third: That the amount of capital stock auth1r,zed a Three Hundred Thousand Dollars C$3O0,O00) and the number of shares into which said cap ital stock is divided is Three Hundred Thousand shares (3OO,0O0) of the par value of One Dollar ($l.00) per share, the value of which stock Is to be paid in cash or upon such installments as the directors ma provide, pr in real or personal property, or contracts, or agreements, or in labor, orin machinery, or msrchand.sc SC or materialg, in he dis erection of the board of directors up5n the issue and delivery of said stock fror. tine to time. Preferred shares of stock may be issued upon such terms and conditions as may ba pro- vided in the bylaws.
 Fourth; That the time of the com mcncement Of said corporation shall be from the date or the filing of these articles fo~ record in the office of the county recorder of Maricopa county. Territory of Arizona, and the time of the termination Of said corporation shall be Twenty five (20 years there after.
 Fin;h That the officers or persons authorized tr conduct, manage and control the business and affairs of the said corporation shall consist of the stockholders holding two-thlrds (2S) in amount of the outstanding capital stock f the corporation. and tha board
 I f,g,, of members. to be chosen by the stock holders as may be provided in the by laws of the corporation. The original bylaws shall be ad J1ted by the vote or signature of the stockholders holding two-thirds l2-3) of the subscribed cap ital stock. Any resolution adopted by the holders Of two-thirds (2-3) in amount of the outstanding stock. whether adopted by vote or on sigma ture of such vo.ers without q meeting. shall abs1lutel. control the affairs Of the corporation and the tenure of of. fec of its directors and officers. SO far as indicated in such resolution. The board of directors shall have the man. agcment and control of the corporation subject to such resolution or votes of 
 names Cf the persons appointed to serve as directors until their success sors are elected are John F. Cunning ham, Edward Savage. Mortimer Say age. Walter Storey, Samuel B. Cald- we'll Edward F. Young and David c. Cunningham.
 The stockholders sal meet annu- ally at such time an3 place as may be provided by the bylaws for the pur- D SC Of the election of directors, sub ject to such resolutions or votes of the stockholders as aforesaid.
 The directors shall meo' monthly at such time and place as may be provid- ed by the bylaws and subject to such resolutions or votes f the stockholders as aforesaid, and said directors immc- d!atelv after their election snail organ ize by the election firm among their number of president and vice-prs siGsnt. ana at such meeting they may elect a manag- ing director. The said directors will also elect a secretary and such other officers as they may require, none of whom need be directors. and may con fer upon such officers such powers as to said board may deem best
 sixth: That the highest amount of indebtedness O? liability to which the corporation is at any time to subject itself is One Hundred Thousand Dol | lars ($lOOo0O)
 Seventh: That the private property of each and every officer and stock holder of this corporation is to be eX- empt from all cprpeaation debts and liabilities, and from execution on any and all claims against this corpora tiou, and no claim or demand against the corporation shall constitute d claim or demand against the stockholders thereof to any eX- cnt. No ass ssmcnts shall be male upon any stocIlholdcr except for calls upon unpaid subscriptions for stock.
 In Witness Whereof we have here unto set our hands this 7th day of February, 1901.
 Shares.
 JOHN.F. CUNNINGHAM. 100
 EDWARD SAVAGE. 100
 MOpTIME-T, SAVAGE mo