Arizona republican., 1901-03-05
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limit as to amount, to buy, sell, eX- change, lease, acquire and deal in lands, mines and minerals, rights and claims, and in the above specified pro- ducts, and to conduct all business ap- purtenant thereto;
 (b) To buy, sell, manufacture. con struct. build and deal in plant machin- cry, implements, conveniences. provi- sions. furnaces. mills. smelters, crush ing works. hydraulic works, works, factories, warehouses, and all works and things capable of being used in connection with mining operations, or required by workmen or others em- ployed by the corporation.
 The following clauses shall be con strued both as objects and powers:
 Co To manufacture. purchase. or otherwise acquire goods, wares, mer. chandise, and personal property of every class and description, and to hold. own, mortgage. lease. exchange. sell or otherwise dispose of, trade, deal in. and deal with the same.
 (d) To acquire and undertake the goodwill, property, rights, franchises and assets of every kind, and the liabi- ities of any person, firm. association or corporation, either wholly or partly. and to pay for the same in cash. stock of the corporation. bonds, or otherwise.
 (e) To enter into, make, perform and carry out contracts of every kind and for any lawful purpose with any per- son, firm, association or corporation.
 Q) To borrow or raise money by the issue of. or upon debentures or deben- ture stock, or in such other manner as the corporation shall deem fit.
 (g) To draw, make, accept, endorse. discount, execute and issue promissory notes. bills of exchange, warrants, bonds, debentures and other negotia- be or transferable instruments.
 (h) To apply for, register, purchase. or otherwise acquire. and to hold. own, use and operate. and to sell; assign. grant licenses in respect of. or other wise dispose of and deal with and turn to account, any and all inventions. i'm provements, formulas, processes, trade names and trademarks. copyrights. letters patent of the United States and of any or all foreign countries, and patent rights of all kinds. (D 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 foreigr, country, but always subject to the laws thereof.
 (D 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.
 (l) 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: it 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 S5,OOo'ooO divided into five hundred thousand (5O0, ,OOO) shares. of the par value of ten dollars ($1O) 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 Tor which it can be made liable. Is the sum of three million dollars SS,00O,Oo 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 T. 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 1, an annual meeting of the stockholders of the corporation, and who shall hold office until their successors are elected and qualify; provided, however, that