Arizona silver belt., 1901-11-28

l operate, use, franchises from any State and Territory in the United States or any County municipal or private corporation; wagon roads mills factories, houses, capital stock and bonds Of corporations; chattels, goods, wares and merchandise choses in action. to buy, manu. fracture, 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 lneS. electric lights; transacting any ana all kinds of business which may be transacted hy natural person. To hold, cul- cultivate prove up, use and enjoy the same, and to alenate sell, lease. remise and dispose Of the same or any part thereof. as well as any other property this corporation possesses, he 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 it's Boafd of Directors deem proper and see fit 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 this corpor- ation, with such interest thereon as 1t may be legally obliged to pay.
 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 Direct ors and evidence ot title and value sat. isfactory to them,
 The time Of the commencement of this cor poration shall be the day Of the nlng of these Articles of record in the office Of the County Recorder Of Gia County and a certified copy with the Secretary of the Territory of Arl- zoua. 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 practical by the stockholders, at such time iFnd manner as shall be prescribed by the by lawsof this corporation. And hereafter no person shall be eligible to the oftice of Direc- tor unless he Is . stockholder in the corpora ton. Said Board of Directors shall have full pow er to m 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 affairs Of said corporation as they may deem expedient.
 rh..s sp11 aFufp ,,aa hA sftN, scribe-S hereto shall constitute the BO ard of Directors for this corporation for the first year and until their successors duly qualified shall he elected to-wit:
 Lee Crandall Wesley Crabb, R. W. Crabb, Jean ], Crandall, Theodore Crandan Robert w. Wolsefer, D. D. Crabb. Lee Crandall, Jr, And thereafter if any Director shall cease 10 be a StocShoIder he shall cease to be Di. rector
 Immediately, or as soon as practical after he hhng of these Articles in the office Of the county Recorder Of Gila County, and certi- lied copy with the Secretary of the Territory of Arizona, the persons named herein as Drec tors to serve for the iirSt year and until their successors duly qualified shall be elected, shall meet and organize as Board Of Directors adopt by.aws, and prescribe in said bylaws the methol Of calling meetings of the Board of Directors and stockholders
 VI
 The highest amount of indebtedness or la mitly 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 their private property shall be exempt from inc corporate debts of this corporation.
 VIII The Board of Drectoos of this corporation ,hall have power to establish bylaws and make all rules and regulations deemed expedi. ent for the management of the affairs Of this corporation and the officers thereof not in- consistent with the Constitution and Laws of he 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 CRANDAL.L, (SeaD