Arizona silver belt., 1901-11-07

manner and to accept hold possess, enjoy 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 chooses in action to buy manu fracture, sell and deal in all kinds of property real, personal and mixed, electrical appliances, driving machinery motorpower for propelling any and all kinds Of mechanical appliances where electricity is adaptible telegraph and telephone lnes. electric lights transacting any anu all kinds of business which may be transacted 6y a natural person. To hold, cul- cultivate. prove up, use and enjoy the same, and to alienate, sell, lease remise and dispose of the same or any part thereof, as well as any other property this corporation possesses, be 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 poration may hereafter acquire To secure payment of such money with interest or to se- cure the payment of any debt of thls corpor- atlon, with such interest thereon as 1t may be legally obliged to pay
 The amount of the capital stock of this cor poration shall he One Mlllio 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 it 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 commencement of this cor poration shall be the day Of the filing of these Articles of record in the office of the County Recorder of Gila County, and certified copy with the Secretary of the Territory of Arl zopa, and the termination thereof shall be twenty-five years thereafter.
 "
 The affairs of this corporation are to be and shall be conducted by Board Of Directors consisting of eight persons who shah 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 laws of this corporation. And hereafter no person shah be eligible to the office of Direc- tor unless he k a stockholder in the corpora tion Said Board of Directors shall have full pow. CT to ill vacancies their board, and may elect such ofiicers and appoint such commit. tee or committees from their own board to aid in the management of business and conduct all the arairs Of said corporation IS they may deem expedient, The following named persons, who are sub. | scribers hereto, shall constitute the Board of Directors for this corporation for the first year and until their successors duly qualified shall | be elected, to-wit;
 Lee Crandall Wesley Crabb, K w. Crabb | Jean j. Crandall Theodore Crandan Robert | W wolsefer. D. b, Crabb Lee Crandsl IT. And thereafter. if any Director shall cease to be stockholder he shall cease to be a Di. rector.
 Immediately. or soou as practical after the hlng of these Articles in the office of the County Recorder of Gila County. and certi- fled copy with the Secretary Of the Territory of Arizona. the persons named herein as Direc tors to serve for the first year and until their successors duly qualified shall be elected shall meet and organize as Board of Directors, auopt Dg-iaWs. ana pTeScrluc m Salu by-laWS the metho of calling meetings Of the Board of Directors and stockholders.
 VI
 The highest amount of indebtedness or lia bilitS direct or contingent to which this cor poration k at any time to be subject Is the sum of Fifty Thousand Dollar.
 VII
 The stockholders of this corporation and their private property shall be exempt from the corporate debts o' this corporation. The Board of DrectoOS of this corporation shall have power to establish by laws 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 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 CRANDALI. (SeaD
 K. W. CRABB. (SeaD
 THEODORE CRANDALL, (SeaD
 n n GRARP lGaan