Arizona republican., 1901-03-06

patent rights of all Kinds.
 CD To conduct business in any of the states. territories, colonies or de- pendencies of the United States. in the District of Columbia, and in any and all foreign countries. to have one or more offices therein, to hold, purchase. mortgage and convey real and personal property in any such state, territory, colony. dependency. district or foreign country. but always subject to the laws thereof.
 CD To do any and all things herein set forth to the same extent as natural persons might or could do, and In any part of the world
 (k) In general, to carry on any other business In connection with the foregoing. whether mining, manufact- uring or otherwise and to have and to exercise all the powers conferred by the laws of the territory of Arizona upon corporations formed under the laws thereof; 1t being expressly pro- vided that the foregoing enumeration of specific powers shall not be held to limit or restrict in any manner the powers of the corporation.
 Article 4. The corporation shall be authorized to issue capital stock to the extent of five million dollars $5.O0O. .0OO). divided into five hundred thousand (500,000) shares. of the par value of ten dollars ($10) each; which said stock shall be paid for in cash or property from time to time as subscriptions shall be made for the same.
 No stock shall be issued until fully paid, and the same shall be non- assess able thereafter.
 Article 5. The maximum amount of the indebtedness or liabilities of any kind. which this corporation shall be authorized to incur, at any time. or for which 1t can be made liable. Is the sum of three million dollars ($3,O00. .0O0). which indebtedness may be incurred at the discretion of the board of directors. by issue of bonds or other negotiable securities.
 Article 6. The private property of the stockholders of this corporation shall, at all times, be exempt from the debts of the corporation.
 Article [. The affairs of this corpora tion shall be conducted by board of directors which shall be composed of not less than three nor more than seven persons. who shall be elected at an annual meeting of the stockholders of the corporation, and who shall hold office until their successors are elected and qualify: provided. however, that the persons named herein as the incor- porators shall be the directors of this corporation until the annual meeting next succeeding the filing of these arr ticles of incOrpora ton; said directors shall have the power of electing the of- ficers of the company to serve until their successors are duly elected and qualified the same as though said d. rectors had been elected at a regular annual meeting as provided hereinafter in Article 8.
 Article g. The annual meeting of the stockholders referred to in Section [ shall be held on the last Saturday in January. at such place. either within or without the territory of Arizona. as the board of directors shall select.
 Notice in writing of the time and place of such meeting shall be mailed to each stOckholder of record at least thirty days before the time of such meeting.
 Article 9. The officers of this corpor- ation shall be president, vice-presl- dent. secretary and treasurer, who shall be elected annually from among the directors at a meeting thereof held immediately after the annual meeting of the stockholders.
 The secretary and treasurer may be one and the same person.
 Any meeting of the directors at which a quorum shall be present. shall be a legal meeting, and the acts done there at shall have the same force and effect as though passed by full board, whether the absent members of the board had notice of such meeting or not.
 The president shall be the executive officer of the corporation, and shall sign all conveyances, checks, contracts and other instruments, provided how ever that all such instruments executed by the president. shall. before they shall be valid and binding upon this corporation be countersIgned by either the secretary or treasurer.
 Article 10. Any and all vacancies that may occur in the board of dlrect- ors shall be filled until the next annual election. by the members of the board of directors remaining in office.
 The board of directors of the corpor- alton may appoint such committee or such business manager or managers, to aid in the management of the business of the corporation, as it may deem ex- pedient. and vest in such manager or managers. committee or committees such power as the board of directors