Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1902-05-29

to use such motive power as may lie
deemed best.
9Th: To invest its funds or property
| in the capital stock of and become Il
stakeholder in any other corporation
| formed or to be formed or in the bonds
of such corporation; and to retain CT
dispose of such stock and bonds in
whole or in part at pleasure.
10th: To consolidate and amalgl-
mate itself with any other corporation
or corporations by a two-thirds vote Of
the stockholders of each of such corpo-
rations and form one general company
under such name and style as may be
agreed upon: and to issue and appor-
tion the stock of such consolidated cor
pOrations as may be agreed upon by
said two-thirds of the stockholders in
each of said corporations. And to take
up. if deemed proper and best the indi-
Vidual stock of each company and o
replace il with the stock of the general
company in such manner and amount
as may be agreed upon by said two
thirds of the stockholders.
18th. To lease and purchase. and TO
hold and own the real. personal or
mixed property stock. or franchise
of other corporations: and to pay for
the same in money. bonds. notes or
other property, or by an issue of its
own stock or otherwise on such terms
ard in such amounts, and upon such
conditions as such corporation may
deem best: acting by and through is
stockholders in convention assembled.
or by its Board of Directors. they hav-
ing been fully authorized to act in the
premises.
| 18th: To do all things pertaining to
or connected in any way with gen
eral mining, reduction and smelling
| business.
18th: To buy. and sell ores. mills
and other furnace products: to slHelt
and reduce lead. gold, silver. copper
and other ores and refine bullion; 10
manufacture lead. copper, iron and
other products and articles of mer-
c:Iandise; and to ID a general smelling.
refining. metallurgical and manufac-
turing business.
18th: To erect necessary buildings,
mills. machinery and appliances and
purchase materials for the proper
working thereof.
18th: To purchase. lease, bond, 10
cate or otherwise acquire. own. eX
change. sell or otherwise dispose Of,
pledge. mortgage. hypothecate md
!
kinds OF personal property. mines, min
ing claims, Oil lands. mineral lands. oil
and gas, petroleum. water and water
rights and machinery and to work.
mine. explore, operate and develop the
same.
18th: 10 do n general real estate,
manufacturing and mercantile ousi-
moss: 20 own. handle and control letters
patent and inventions. TO hcr~oV
money. execute notes. bonds. mort
| cages or deeds of trust to secure the
same and to exercise in respect Of all
such bends. mortgages notes, shares Of
capital stock. and other securities and
obiigat tons. any and all rights, powers
and privileges of individual owners
thereof. including the right to vote
upon any shares of stock held by it, &c
the same extent that natural person
might or could do; and in general to do
all things necessary. proper or requi-
site TO the proper conduct of the bust
ness of this corporation; and to carry
into effect the various objects afore-
said in the United States, its Terri
tories, Mexico and elsewhere not in
consistent with the laws OF the United
States and the Territory of Arizona.
Sixth: The authorized amount of
capital stock of this corporation shall
be and is Two Million Dollars (s2,000.-
OOO.Gf) divided into two million shares
| of the par value of one dollar (Sl COZ
each.
At such time as the Board of Direct
crs may. by resolution direct. said cap
ital stock shall lie paid into this corpo-
ration. either III cash or by the sale ard
transfer 10 it o. real or personal prop
| !
corporation, in payment for VIII h
shares of the capital stock of said cor
poration may he issued. and the capitol
stock so issued shall thereupon AMI
thereby become and be fully paid up
and worcestershire And in the a.
sence OF actual fraud in the transac-
ton the judgment of the directors as to
the value of the property purchased
shall be conclusive.
Seventh: The highest amount Of in
debtedness or liability. direct or con-
tingent. to which this corporation is ut
any time subject, shat! he one million
two hundred thousand dollars Isl, 200
100000.
Eighth: The private property of the
stockholders and directors of this cor
poratiOn shall b" exempt from corpo-
rate debts of any kind whatsoever.
In Witness Whereof, we have nere-
unto set our hands and seals this
twelfth day OF May. 1902.
w. ]. ROOT. (SeaD
D. A. CLIPPINGER. (SeaD
FRANK WILLIAMS. (SeaD
State of Illinois,
County of Cook SIS.
On this Twelfth day of May. in The
year Nineteen hundred and two Q902)
before me, Ward B. Sawyer. a Notary
Public in and for the county aforesaid
residing therein. duly commissioned
and sworn, personally appeared w. )
Root. D. a. Clippinger and Grant Viii
liams, known to ME TO be the persons
described in, whose names are affiXei
; to and who executed the annexed in
; strUlnent. and they acknowledged Il
, me that they executed the same ion
the purposes and considerations there
: in expressed