Arizona republican., 1901-03-10

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- ehandise. 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 rhe same.
 (d) To acquire and undertake the goodwill. property rights franchisar and assets of every kind, and the " . ities of any person, firm. asso"ia.l,n or corporation, either wholly or partly, and to pay for the samo n cash, stock of the corporation. bo" $, 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.
 uD To 'orrow 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.
 NSi io d". iidh'' '''NN pNs titoi'' discount, execute and issue promissory notes. bills of exchange, warrants, bonds. debenturts and other negotia- ble or transferable instruments.
 th) 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 y,to account. any and all inventions, im- provements, formulas, processes, trade names and trade marks, 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 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 lo, it vided that the foregoing enumeration nf specific powers shall not be held to 1 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,O0O. divided into five hundred thousand (50OOO0) shares, of the par value of ten dollars (slO) 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 able thereafter.
 Article ,. 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 C$S,0G0,0 ,00O), which indebtedness may be incurred al 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 1 corporation until the annual meeting next succeeding the filing of these ar | tcles of incorporation; 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 di- | rectors had been elected at regular annual meeting as provided hereinafter | in Article S.
 | Article s. 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 g. The officers of this corpor. ation shall be president, vice-presi'
 dent. secretary and treasurer, who shall be elected annually from among
 the directors at a meeting thereG held
 immediately after the annual meeting | of the stockholders.
 The secretary and treasurer may bt
 one and the same person.
 | Any meeting of the directors at which
 a quorum shall be present, shall be g
 legal meeting and the acts done there
 at shall have the same force and effect
 as though passed by a full board
 whether the absent members of tho board had notice of such meeting ol not
 l The president shall be the executive nfi .Ng 4; ,l.,