Arizona daily citizen., 1901-09-04

kinds of machinery and mechanical ap-
pliances where electricity is applicable
to purchase, locate, operate and main.
tain water for water power for the ope-
ration of mines, mills, reduction works
cDnccntrators, and all machinery used in
connection Herewith; reconstruct, own,
operate and maintain telephones and tc-
legruph lines, and electric lights; to tran
sact any and all kinds OF business which
may he transacted by natural person;
to hold, cultivate, prove up, use and ell
JOY the same, and to ALLEVIATE, sell, lease,
demise and dispose Of the same, or any
part thereof. AS well as of any other
property this corporation possesses or
is or may be seized of or entitled to; to
borrow money and contract to repay
The same % such time or times, and with
such rate or rates of interest as it's Board
Of Directors deem proper and see fit and
to hypothecatc, mortgage or pledge all
or anS part ot the property OF tins cor
poratiOn and all or any pnrt ol the pro-
perty which this corporation may here
after acquire tn secure payment oi such
money with interest, or to secure the
payment of any debt of this corporation.
with such interest thereon as If may he
legally obligated to pay.
III.
The amount of the capital stock Of this
corporation shall be six thousand dol
lars divided into six hundred shares OF
the par value of ten dollars each, and
the time when, and the conditions upon
which il is to I've paid are as follows, to
wit:
The whole thereof Immediately upon
making the subscription therefor.
~.
The time of the commencement of this
corporation shall be the day OF the filing
OF these articles i'll the office OF the coun-
IS recorder Of Pima county. Territory
of Arizona, and the termination thereof
shall be twenty-five (25) years thereaf
ter.
The highest amount Of Indebtedness or
liability, direct or contingent, to which
this corporation is at any time to he
subject, is the sum OF five hundred thou
sand dollars $500, ,0O0)
VI.
The stockholders OF this corporation,
and their private property shall be cx-
efnpt from the corporate debts of this
corporation.
VII.
The affairs of this corporation are to
be. and they shall be, conducted by a
Board OF Directors consisting of five 90
persons, who shall be elected annually
by the stockholders, at such time and
nl,ol fNa .>-a~or.t..I h.. &ha
laws of this corporation, and all ofwhom
shall he subscribers to the capital stock
OF this COZ poration, and hereafter no per
son shall I've eligible to the Office OF direc-
tor unless he is a stockhold,r r in the cor
poration; provided, that said board Of
directors may elect such officers and APP.
point such committee or committees,
from their own number, to aid i'll the
management of the business, and in the
conduct of the affairs of the said corpo-
ration. as they may see fit, and vest in
such officers and said committees all lsuch
powers as they may deem expedient.
The following named persons who are
subscribers to the capital stock OF this
corporation, shall constitute the board
of directors of this corporation until the
18th day Of January, 1902, and until
their successors, duly qualIhed, shall be
elected, to wit; j b. Breathitt, Francis
M. Hartman, Henry WaInecke, John ".
Garden and +. F. Beuhring.
Any person ceasing to be subscriber
shall cease to he a director, and hereaf-
ter, if any Director shall cease to he a
stockhoider nc shall cease to bc direc-
tor.
Vacancies in the board of directors
shall be filed by the remaining members
Of the board, or by vote Of the stock
holders if the president shall call spe
cial meeting.
The officers of this corporation shall
consist oil President and Treasurer,
Vice President and Secretary.
The following named persons shall be
the officers of this corporation until the
said ! 18th day of January, 1902, and