The news-herald., 1902-05-17

terminated at the time fixed by Such
vote, after the publication required by
law.
BUSINESS.
Article g. The general nature of the
business to be transacted by this cor
poration shall be: to explore for, mine
and extract gold, silver, copper and
mineral bearing earth and rock; to
mine, ship or mill the same; to erect
and maintain any and all kinds OF
smelters. mills, reduction and concen-
tration works for treatment of all kinds
Of ore; to purchase, own and dispose
Of mortgage, pledge and deal in any
and all kinds of mining claims. ore,
mineral and real and personal prop
erty; to buy own sell and conduct 2
general merchandising, boarding house
and hotel business; to do such business
as is generally and usually carried on
by mining and milling corporations;
and to do all and everything necessary,
suitable and proper for the accomplish
ment of any of the purposes herein be
fore enumerated. Said business to be
carried on in the Territory OF Arizona
and other States and Territories of the
United States.
AMOUNT OF STOCh.
Article a The amount of stock of this
corporation authorized is One Million
($1 600 000.OO) Dollars. divided into One
Million shares at the par value OF One
($100) Dollar per share, which shall be
paid for in full at the time of the issu-
ance thereof.
OFFICERS.
Article 5. The officers of this corpo-
ration shall consist Of a Board of Di-
rectors of five members who shall be
stockholders in said corporation and
shall be elected at the annual meetings
Of the stockholders and shall hold office
until their successors are elected and
qualified The executive officers of this
corporation shall consist Of a President
and Vice President. who shall be Di-
rectors, and Secretary and Treasurer,
who may or may not be Directors. The
Offices of President and Treasurer may
be held by the same person. Such OIL.
GERS may be chosen by the Board of Di-
rectors at their annual meetings. Until
the first annual meeting of the stock
holders and Directors, which shall be in
1903, and until their successors are
elected and qualified Geo. B. Upton
shall be President and Treasurer. Geo.
e. Sanders shall be Vice President, and
Donald S. Nicholson shall be Secretary,
who, together with Albert Smith and
Almer Childers, shall constitute and
serve as the first Board of Directors
and shall hold office until their sue
Cessors are elected and qualified. Any
vacancies in the Board of Directors or
Executive officers may be filed by the
Board of Directors a any regular CT
special meeting called for that pur-
pose, and the persons chosen shall hold
Office until the next annual meeting
and until their successors are elected |
and qualified. The Board Of Directors
shall have the power to constitute. |
delegate and appoint such other Off
GERS, agents, uperintendents and man /
ayers as they may deem proper for the
on of the business Of this cor |
poration.
MEETINGS.
Article 6. There shall be held on the j
third Wednesday after the first Mon |
day in January, A. D., 1903. at two !
O'Clock 2. m. and at the Offices of the |
in Wickanburg, Arizona, |
and at the same time in each succeed +
ing year, a regular annual meeting Of I
the stockholders for the election of Di
rectcrs and reporting the condition Of
the affairs Of the corporation. and the |
tra1sa actiOn OF such other business as
may properly come before it, The an
nual meeting OF the Board O: Directors I
for the election of officers and transac-
ton of sucn other business as may /
come before it. shall be held
three O'Clock .. III. On the third We'd |
nesday after the first Monday in Janu
arg, 1903, or as soon thereafter as can
be conveniently done, and at the same I
time in each succeeding year, and no /
notice of such annual meetings need |
be given. Special meetings Of the |
or Board Of Directors may |
be held at any time upon the call of the I
President or Secretary, but no special /
shall be held until each Of the |
stockholders or Directors, as the case
may be. has been notified by written
notices thereof enclosed in an envelope |
duly directed to his last known post /
office address, postage prepaid, and /
deposited in the postofflce at Wicken
burg, Arizona, at least five days before
such meeting No notice need be given |
of any meeting at which all the stock
holders or Directors are present. Any |
ration may be held at such place, with
in or without the Territory of Arizona, !
as the President may call, or the Di- !
rectors by resolution may direct.
PRIVATE PROPERTY EXEMPT.
Article Z. The private property of
the stockholders OF said corporation /
shall not be liable for corporate debts
or liabilities. but shall be wholly ex
empt therefrom
LIMIT OF DEBT.
Article s. The highest amount of in
debtedness or liability to which this
at any one time shall be /
subject, is two-thrds OF it's capital /
stock.
CONVEY
Article 8. All conVeyances or in
cumbrances of real estate of this cor
poration shall be executed by the Pres /
ident, attested by the Secretary, and |
under it's corporate seal. Other instru-