Arizona republican., 1902-10-21

ment of water by drilling or other 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 tion 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 genera stores, mines, smelters and the means of transportation of the products there of; the construction and operation o1 telephone and telegraph lines and othe: 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 dea Fir real estate and any and all kinds oi 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; tC work, mine, explore. operate and de- tAn &1 T estate, manufacturing and mercantile business; to own, handle and contro letters. patents and inventions anu shares of capital stock of other cor porations; to borrow money and exe- 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 anc 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 it 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 ir the territory or elsewhere, not incon- sistent with the laws of the United States and the territory of Arizona.
 Third: The authorized amount ot capital stock of this corporation shall be one million. two hundred and fifty thousand dollars 1,25O. O0O) divided into five million (5.000.O O00) shares of the pal value of twenty-five cents ($0.25) eacf in the United States coin.
 At such time as the Board of Direc- tors may. by resolution, direct, said capital stock shall be paid into this corporation. either in cash or by sal; and transfer to it of real or persona property for the uses and purposes ol said corporation, in payment for whict shares of the capital stock of said cor poration shall be issued, and the capita stock so issued shall thereupon ant thereby become and be fully paid uI and non-assessable, and. in the absenc, of actual fraud in the transaction, tht judgment of the directors, as to thu value of the property purchased, shal be conclusive.
 Fourth: The time of the commence. ment of this corporation shall be tn. date of the filing of these Articles O. Incorporation in the office of the Secre tary of Arizona, and the termination thereof shall be twenty-five year: thereafter.
 Fifth: The affairs of this corpora tio1 shall be conducted by a Board of Fiv, (5) Directors and the following named shall constitute a board until their sue cessors are elected:
 $. F. Anderson, Albert Chapelle, B G. Adams, F. J. Gavin, Paul Gray. Thereafter the Board of Director. shall be elected from among the stock holders, as the bylaws of the corpora tion may provide. The officers of saiC corporation until their successors ar, elected shall be:
 Albert Chapelle. president; B. c 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 a any time subject shall be seven hun dred and fifty thousand dollars (s750, [ 000), which amount does not excee, three -fifths the amount of the capita stock.
 Seventh: The private property of tn stockholders of this corporation shal be exempt from It's corporate debts ) any kind whatsoever.
 In witness whereof, we have here unto set our hands and seals this Tt day of July A. D., 1902.
 ALBERT CHAPELLE (SeaD.
 H. J. GAVIN (SeaD.
 SAM'L P. ANDERSON (SeaD.
 BURTON ]. ADAMS (SeaD.
 PAUL GRAY (SeaD.
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