Arizona republican., 1902-11-28

pOfdllOn may De lIdnSdCleu at ellnei said principal place of business or at the branch office or offices aforesaid.
 Article II. The general nature of the business proposed to be transacted by this corporation is as follows, to-wit: To make contracts; to purchase, lease, bond, locate or otherwise acquire. own exchange. sell or otherwise dispose of pledge, mortgage, hypothecate and deal in mines, mining claims mineral lands, oil lands, oil, gas, asphaltum, petrole- um, asbestos, salt, water rights and machinery; and to work, mine, ex plore, operate and develop the same; to erect and operate machinery neces- sary and convenient for treating and handling all and singular the said pro ducts and ores; and deal in real estate and any and all kinds of personal prep erty; to do a general real estate, man ufacturing and mercantile business; to own, handle and control letters patent and inventions and shares of capital stock of other corporations; to borrow money and execute notes, bonds, mort gages. or deeds of trust to secure the same. and to exercise in respect of all such bonds, mortgages, notes and shares of capital stock and other se- curities and obligations any and all rights. powers and privileges of indi- vidual owners thereof, including the right to vote upon any shares of stock held by it to the same extent that a natural person might or could do. and l in general to do all things necessary to the proper conduct of the business of this corporation in the territory and | elsewhere, not inconsistent with the laws of the United States and the Ter ritory of Arizona.
 Article III. The authorized amount of capital stock of this corporation shall be and is one million (S1.000, 0O0) dollars, divided into one million Q,000.- 000) shares of the par value of one | dollar (S1.00) each, and shall be fully paid up before issue and n-assessa- ble; provided, however, that the said stock or any part thereof may be issued in payment for property; and the sev- | eral incorporators hereof each do | hereby subscribe for five (5) shares of stock respectively
 Article ". The time of the commence mert of this corporation shall be the date of the filing of these articles of incorporation in the office of the Sec retary of Arizona, and the termination thereof shall be twenty-five (25) years thereafter.
 Article V. The affairs of this corpor- ation shall be conducted by a board of seven @ directors, and the follow ing named persons shall constitute the board of directors until their successors are elected: D. F. Callahan, s. $ Wright, w. F. Falls, F. F. Gauthier J. F. Beasom, D. F. Marchus and Fred ! Leibly. Thereafter the board of di- rectors shall be elected from among the stockholders as the bylaws of the cor poration may provide.
 Article VI. The highest amount oi indebtedness and liability, direct oi contingent. to which this corpora tior is at any time subject is twenty-five thousand Cs25, ,OOO) dollars.
 Article VII. The private property o the stockholders of this corporation shall be exempt from corporate debt, of any kind whatsoever.
 Article VIII. The board of directors fo the corporation shall have power tC elect president, a vice-president. : secretary and a treasurer, and suci other officers as the bylaws may pro vide for; also 10 make bylaws. rule. and regulations not inconsistent witt the laws of the United States or tn, Territory of Arizona necessary to carry into execution and manage the affair. of this corporation.
 The names of the incorporators O this corporation, with the number O shares subscribed by each, and tn, amounts subscribed are as follows: