Arizona silver belt., 1901-11-14

manner and to accept, hold, possess, enjoy | operate, use franchises from any State and l Terrtory In the United States. or any County, municipal or private corporation; wagonroads. mills Factories, houses, capitalstoclS and bonds of corporations; chattels. goods. wares and | merchandise choscs 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 fnes, electric lights; transactlng any nna all kinds of business which may be tranSacted by natural person. To hold, cul- cultivate prove up, use and enjoy the same, ana to ahenate, sell lease, remise 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 ey' to contract to repay the same at such time or tunes and with such rate or rates of inter. est ns US Boafd of Directors deem proper and see ht to hypothecate {; to mortgage or pledge all or any part of the property which this cor. poraton may hereafter acquire To secure payment of such money with interest or to se- cure the payment of any debt of thus corpor- ation, with such interest thereon as lt may be legally obliged to pay.
 III
 The amount of the capital stock of this cor poration shall be One Millio 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 commencem of this cor poration shall be the day of the filing of these Articles Of record in the ofice of the County Recorder Of Gila County, and certified copy with the Secretary of the Territory Of Ari- zoua, and the termination thereof shall be twenty-five years thereafter
 V,
 The affairs Of this corporation arc to be and shall be conducted by a 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 practical by the stockholders at such time and manner as shall be prescribed by the by
 
 person shall he eligible to the ofice of Direc- tor unless he iS a stockholder in the corpora ton
 Said Board Of Directors shall have full pow. CT to till 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 aiairs Of said corporation aS they may deem eSpedient
 The following named persons, who are sub. scribeus hereto, shall constitute the Board of Directors for this corporation for the first year and until their successors duly quaihed shall he elected to-Wit
 Lee Crandall. Wesley Crabb k W, Crabb Jean J. Crandall Theodore CrandaI, Robert W. Wolsefer D. D Crabb Lee Crandall. Jr. And thereafter. if any Director shall cease Co be 3 stockholder he shall cease to be Di- rector.
 Immediately. or as soon as practical after the filing of these Articles in the onice of the County Recorder Of Gila County and a certi- lied copy with the Secretary of the Territory of Arizona. the persons named hercinaS Direc tors to serve for the first year and until their successors duly qualified shall be elected shall
 
 adopt bylaws and prescribe in said bylaws the metho Of calling meetings Of the Board of Directors and stockholders.
 VI The highest amount of indebtedness or lia- ! bility. direct or contingent, to which this cor poration is at any time to be subject Is the sum of Fifty Thousand Dollars.
 VII The stockholders Of this corporation and l their private property shall be exempt from l the corporate debts o' this corporation.
 VIII. The Board of Directoos Of this corporation | shah have power to establish bylaws and | make all rules and regulations deemed expedi. | cns for the management of the affairs of this | corporation, 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 CRA NnATT |