Arizona republican., 1902-03-06

such property and possess all the pow | CTS in relation thereto as a private in l dividual may, under the law possess | and enjoy.
 ARTICLE III The amount of the capital stock of this col poration shall be One Million (S1. COG. 0O0.00) Dollars, divided into one million G.00O, ,000) shares of the par value of One (s1.0O) Dollar each, and all shares when issued shall be fully paid and non-assessab ble.
 ARTICLE ". The time of the commencement of this corporal ton shall be the date of the filing of these Articles in the office of the County Rec order of Maricopa County. Arizona Territory, and in the office of the Secretary of the Territory of Arizona. and the termination there of shall be twenty-five (2J) years there after, but the same may be renewed from time to time for a like period of twenty-five (25) years when the hold CTS of three-fourths ca of the issued stock shall. at any meeting duly called and held for that purpose, vote in favor Of such renewal.
 ARTICLE Y.
 The management of the business and affairs of this corporation shall be vested in a Board of Directors con sisting of not less than five nor more than nine persons. the number to be determined by the stockholders. each and all of whom shall be stockholders. Said Directors shall be elected annu- ally by the stockholders on the 1st Monday in May of each year. provided, however. that J. Elliott Walker, Ed
  and Arthur J. Edwards shall be and constitute the Board of Directors until the annual meeting of the stockhold CTS in the year 1902
 The officers of this corpora ton shall be President. Nice-President. Secre- tary, and Treasurer and all of said off oers shall be chosen by the Directors from among the members of the Board of Directors and shall hold their offices for a term of one CD year and until their successors are elected and quail flied; said officers shall receive such compensation as the Board Of Direct ors may determine. if approved by the holders of a majority of the issued stock.
 The meetings of the Board of Di- rectors shall be held in such places in the Territory of Arizona and at such times as the majority of the said board shall determine and all such meetings. at which a ma jority of the Directors shall be present. shall be regular meet ings. The Board of Directors may also hold meetings in such places with out the Territory of Arizona and at such times as all of said Directors may unanimously determine.
 The annual meetings of the stock holders shall be held on the first Mon day in May of each year. and other regular meetings may be held at such times and at such places within the Territory Of Arizona as may be des- ignated by the holders of the majority of the issued stock of the corpora tion.
 The Board of Directors shall have . full power to sell or exchange the shares of the capital stock of this cor porat tion for mineral lands, mines. min ing claims or other real estate or for mills. Smelters. hydraulic plants or any other kind of machinery or for any other kind of personal property or for any and all kinds of Ia bor or services needed in carrying on the business of the corporation on such terms as said Directors may think best, or to sell the same for cash or to exchange the same for shares of the capital stock of other corporations.
 The Directors shall have power to make, establish. amend or repeal all bylaws, rules and regula tions deemed 1 cXpedent for the management of the affairs or the corpora tion and to ap point and employ all necessary agents. servants and laborers and fix the com pensa ton for the same. If any Di- rector shall cease to be stockhOlder. he shall thereby and thereupon cease to be a Director and the remaining Di- rectors shall elect stockhoder to fill said vacancy until the next annual meeting of stockholders.
 ARTICLE VI.
 | The highest amount of indebtedness. direct or contingent. to which this cor poration may at any time be subject shall be the sum of Two Hundred . Thousand ($2G0, 900. .00) Dollars. | ARTICLE VII.
 The officers and the stockholders of this corporation and their private property shall always be exempt from any and all liability for the debts of this corporation.
 ARTICLE VIII.
 The stockholders may be present by proxy at any and all meetings of the stockholders and vote upon all ques- tions as though present in person. pro- Yided always that such proxy shall be held and voted by d stockholder of the corpora ton.
 ARTICLE IN
 These articles may be amended at any regular meeting or the stockhold- CTS by the affirmative vote of three fifths C5-5) of all the stock present a such meeting. provided that such three tifths (3-5) present shall be at least one-half C4) of all of the stock issued: and provided that at any meet ing other than an annual meeting. tha [ notice of the intended amencment has been given the stockholders with the notice of the meeting at which such amendment is submitted for action. ARTICLE N