Arizona republican., 1902-10-22


 methods; the purchase, sale and leas- ing of lands supposed to contain oil, asphalt and natural gas, the drilling for same and the constructing. owning and operating of pipe lines, fumes, con- duits and reservoirs for storage of same; the building, leasing, operating and owning of Smelters in the United States and the Republic of Mexico; the buying, selling and leasing of agricul- tural, timber and mineral lands, ores, mines, bullion, mining machinery, min ing supplies; the construction opera ton and ownership of wagon roads. railways. tramways, vessels, tanks. reservoirs, warehouses and other fa- cilities for transportation of all artj- cles for use in commissary and general stores, mines, smelters and the means of transportation of the products there of; the construction and operation of telephone and telegraph lines and other means of communication; the buying and dealing in personal property and merchandise; the owning and conduct ing of general stores dealing in all kinds of supplies and merchandise; to make contracts. to purchase, lease bond, bond, locate or otherwise acquire. own exchange, sell or otherwise dispose of pledge, mortgage, hypothecate and deal in real estate and any and all kinds Of personal property, mines. mining claims, oil lands, mineral lands, oil, gas, asphaltum, petroleum, asbestos. salt stone, onyx and marble; water and water rights and machinery; to work, mine, explore, operate and de- velop the same; to do a general real estate, manufacturing and mercantile business; to own, handle and control letters, patents and inventions ami shares of capital stock of other cor porations; to borrow money and exc cute notes, bonds, mortgages or deeds of trust to secure the same, and to ex- ercise in respect of all such bonds mortgages, notes, shares of stock and other securities and obligations and any and all rights, powers and privi- leges of individual owners thereof, in- cluding the right to vote upon any shares of stock held by 1t to the same extent that a natural person might or could do; and, in general, to do all things necessary to the proper conduct of the business of this corporation in the territory or elsewhere, not incon- sistent with the laws of the United States and the territory of Arizona.
 Third: The authorized amount of capital stock of this corporation shall be one million, two hundred and fifty thousand dollars (s1,250, ,000) divided into five million (5,OOO, ,O00) shares of the par value of twenty-five cents ($0.25) each in the United States coin.
 At such time as the Board of Direc- E1, I capital stock shall be paid into this corporation, either in cash or by sale and transfer to it of real or personal property for the uses and purposes of said corporation, in payment for which shares of the capital stock of said cor poration shall be issued, and the capital stock so issued shall thereupon and thereby become and be fully paid up and non-assessable, and, in the absence of actual fraud in the transaction, the Judgment of the directors, as to the value of the property purchased, shall be conclusive.
 Fourth: The time of the commence ment of this corporation shall be the date of the filing of these Articles of Incorporation in the office of the Secre- tary of Arizona, and the termination thereof shall be twenty-five years thereafter.
 Fifth: The affairs of this corporation shall be conducted by a Board of Five (5) Directors and the following named shall constitute board until their sue cessors are elected:
 S. P. Anderson, Albert Chapelle, B. G. Adams. F. J. Gavin, Paul Gray.
 Thereafter the Board of Directors shall be elected from among the stock holders, as the bylaws of the corpora tion may provide. The officers of said corporation until their successors are elected shall be:
 Albert ChapeHe, president: B. G. Adams. vice president; H. J. Gavin. secretary; s. P. Anderson. treasurer.
 Sixth: The highest amount of indebt- edness or liability. direct or contin- gent. to which this corporation is at any time subject shall be seven hun dred and fifty thousand dollars (s75o- 000) which amount does not exceed three -fifths the amount of the capital stock.
 Seventh: The private property of the stockholders of this corporation shall be exempt from it's corporate debts oi any kind whatsoever.
 In witness whereof, we have here unto set our hands and seals this 17th day of July A. D., 1902.
 ALBERT CHAPELLE (SeaD.
 H. J. GAVIN (SeaD.
 SAM'L P. ANDERSON (SeaD.
 BURTON ]. ADAMS (SeaD. PAUL GRAY (SeaD.