Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1902-05-31

to use such motive power as may te.
deemed best.
9th: To invest It's funds or property
in the capital stock of and become
stakeholder in any other corporation
formed or to be formed or in the bonds
of such corporation: and to retain or
dispose of such stock and bonds III
whole or in part at pleasure.
10th: To consolidate and amalga-
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 may be
agreed upon: and to issue and appor-
ton the stock Of such consolidated cor
pora tons 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 %
replace it 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 10
| hold and own the real. personal or
mixed property or stock, or franchise
| of other corpora tons; and to pay for
the same in money, bonds. notes 0r
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 a gem
eral mining. reduction and smelling:
| business.
18th: To buy. and sell ores, mills
and other furnace products; to slneit
and reduce lead, gold, silver, copper
and other ores and refine bullion; 10
| manufacture lead. copper. iron and
| other products and articles of mer-
chandise; 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, To-
cate or otherwise acquire. own, eX-
change, sci! 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 ana machinery and to work.
mine. explore, operate and develop the
same.
18th: To do q general real astate.
manufacturing and mercantile bust
ness: to own, handle and control letters
|
money. execute notes, bonds. mort
cages or deeds of trust to secure The
same and TO exercise in respect of al
such bonds. mortgages. notes. shares OF
capital stock. and other securities and
obligations. 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 a natural person
might or could do; and in general to dc
all things necessary. proper or requi-
site to the proper conduct of the bust
ness of this corpora ton; and TO carry
into effect the various objects afore-
said in the United States, its Terri
tories. Mexico and elsewhere not iI-
consistent with the laws of the Unite
States and the Territory of Arizona.
Sixth: The authorized amount OF
capital stock of this corporal ton shat
be and is Two Million Dollars (s2,D00.-
100000 divided into two million share:
of the par value of one dollar (s1 90,
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 IN cash or by the sale :ir(
transfer TO II o. real or personal prop
erty. for the USES and purposes OF saiC
corpora ton, in payment for VIII 4
shares of the capital stock of said cor
poration may be issued, and the capt..
stock so issued shall thereupon an.
thereby become and be fully paid III
and non assessable. And in the a.
sence of actual fraud in the transac
ton the judgment of the directors as I,
the value of the property purchase,
shall be conclusive.
Seventh: The highest amount Of in
! debtedness or liability direct or con
tingent, to which this corpora ton is i
7 any time subject, shall be one milliol
! two hundred thousand dollars Isl, 300.
100000.
! Eighth: The private property of tn
I stockholders and directors of this co..
. pOration shall be exempt from corpo
. rate debts of any kind whatsoever
In Witness Whereof we have nere
q unto set our hands and seals thi
f twelfth day OF May. 1902.
n w. J. ROOT. (Seal
g D. a. CLIPPINGER. (Seal
FRANK WILLIAMS. (Seal
= State of Illinois,
f County of Cook. IS.
: On this Twelfth day of May, in n
q year Nineteen hundred and two Q9O2
= before me, Ward B. Sawyer, Notar
= Public in and for the county aforesaid
: residing therein, duly commissions
and sworn. personally appeared w.
Root d. y. Clippinger and Grant Wi
liams. known to HE to be the person
described in, whose names are affixo
s to and Who executed the annexed il
5 strument, and they acknowledged
Y NE that they executed the same II
the purposes and considerat ions there
IS in expressed.
g In Witness Whereof. l have hereunt
set my hand and affixed my official -;
= at my office in the said County All
If State the day and year last aboI