Mohave County miner., 1902-02-01

oorporation, and without limit as TO amount;
to draw, make, accept, endorse, discount ex
ecute or issue promissory notes, draft, bills OF
exchange. warrants, bonds, debentures, and
other negotiable or transferable instruments oil
value To nave Offices and carry on business
without restriction as to place or number; to
do any or all things herein set forth TO the same
extent as natural persons might or could do
and In any part OF the world as principals
agents contractors trustees, or otherwise
either alone or jointly with Others
In general to carry on in connection with the
objects, purposes and business set forth above
any other lawful business whatsoever.
".
The amount OF the authorized capital stock
OF this corporation shall be and is one Million
and Two Hundred and Fifty Thousand Dollars,
CSI 25O. .OON Ndivided into one million two hundred
and fifty thousand shares, of the par value OF
One Dollar CSD each; each share fully paid up
and forever worcestershire. Two hundred and
fifty thousand shares Of said capital stock shall
be set as de as treasury stock, and shall be sold
at such price per share the Board OF Drec-
tors may direct; anc the proceeds arising from
the sale OF said stock shall be used only In the
purchase OF oil, coal iron and timber lands, and
the development of the same, the purchase OF
machinery, erection OF buildings, construction
of railroads, tramways and pipe lines, for the
use and benefit of the corporation, and said
treasury stock shall not be voted until sold and
certificates issued. but when sold and certi-
hcates issued, it shall have the same right as
other stocks of the corporation,
V.
This corporation will begin business on the
date of the corporation thereof, duly effected
and completed, and will terminate twenty-five
| years from the date thereof
VI
That the officers of said corporation to con
duct its affairs until the next annual meeting,
shall be a President Vice President, Secretary,
Treasurer and General Manager to be chosen
by the Board of Directors, who shall serve un-
| I'll their successors are duly elected and quail
/ ined; which Board OF Directors shall consist OF
W. w. Dunbar, l.. c. Roeber William J. Roe.
ber william A. Dunn, Hugo A. Zigrosser,
Leopold Bondi, Edward Staehlin and John E.
Mayer The number OF said Board Of Direc-
tors may be increased by resolution Of the
Board at any time The annual election Of the
Board Of Directors shall be ON the first Thurs.
day after the first Monday in October OF each
year. The Board OF Directors shall have and
exercise full power and authority as follows:
| "a To sell or exchange the stock OF the Com.
pany at such times, and upon such terms and for
such prices as they shall agree upon, and may
I take in payment therefor any real or personal
property, service or thing, or things OF value
which they may deem a just equivalent
/ (l) To sell, assign pledge, mortgage, or en-
cumber the real or personal properly of the
corporation, but no sale or assignment of all
the property of the corporation shall be made
In entirety without the written consent Of the
stockholders holding three fifths of the shares
OF all Of the capital stock of said corporation.
(3) To make. alter, amend. annul, or re
scind the by laws Of the corporation, and al
vacancies In the Board of directors between
the dates OF the annual me tIngs OF the stock.
holders, TO special place Of resideu'e shall be
necessary TO toe right TO hold the Office OF Di-
rector, but directors except such as are Sc
lected before anv of the stock shall have been
| issued shall be stockholders.
VII
The highest amount Of Indebtedness or lis-
bility to which this corporation shall subject
itself shall not exceed twothirds OF the entire
car ital stock of the corporation.
VII
| That the private property OF the stockhold-
ers aud officers Of SAID corporation is 10 be and
shall be forever exempt from all corporate in-
debtedness
That all stock of the corporation shall be
issued as fully paid aud non-assesssble. and
that none shall be issued except in accordance =
with the rules OF the Boa d OF Directors. and
signed by the proper officers Of the Company,
/ In witness whereof we have hereunto set
our hands and seals this 7th day OF october,
I A ID lgOt