Arizona republican., 1902-07-13

tiers patent relating to and incident to
the mining, milling and smelling OIL
ores; to buy, sell. own, use and control
real estate, water rights, power, mill
sites. machinery, appliances, fixtures,
buildings, stock OF other corpora lions.
letters patent and inventions; to con-
duct and carry on Il general mercantile
business; to borrow money, issue
bonds, and to mortgage, pledge or eth
erwise dispose CO any and ali of its
corporate property and TO do any and
all things, and TO acquire all property
real and rarsonal, which may be re-
CURED and necessary to carry into eff
feet the objects for which this said cor
poration is formed.
ARTICLE III.
The capital stock of this corporation
is, and shall be Two Million (S2 0G0,-
OOO.00) Dollars, divided into Two Mil
lion (2,000. 000 shares of the par value
of One ($1.00) Dollar each, and at such
times as the Board of Directors may
by resolution direct, said capital stock
may be paid into this corporation,
either in cash or by the sale and trans
fer to it of real or personal property
for the use and purposes OF said cor
poration, in payment fer which. shares
may be issued, and tie capital stock 50
issued snail thereupon and thereby be
come and be fully paid up and non-as-
sessa BILE, and in the absence of actual
fraud in the transaction, the Judgment
OF the directors as to the value Ct the
property purchased shall be conclusive.
ARTICLE ".
The time of the commencement OF
this corporation shall be the day upon
which these Articles of incorporation
shall be filed for record in the office of
County Recorder Of said Maricopa
County, Arizona Territory, and the
time of the termination of this corpo-
ration shall be twenty-five (25) years
thereafter; and it may acquire, own
and hold property and transact its
business and exercise all its powers
in any portion OF North America.
ARTICLE V.
The affairs of this corporation shall
be conducted by Board Of Directors,
seven ca in number. who shall be
stockholders in said Company. and the
following shall constitute the Board Of
Directors, who shall hold their offices
till the second Monday in January.
1903, and until their successors are
elected: Samuel c. Rogers, Newton
Higbee, Ira c. Logan, William \.
Crawford William H. Barnhart. L.
Bradley Dorr and Charles D. Black
| hall.
Thereafter the Board of Directors
shall be elected from among the stock
| holders as the bylaws of the corpora
| ton may provide, at the annual meet
/ ing Of stockholders. which shall be
! held End Monday in January, 1899, and
annually thereafter
ARTICLE VI.
| The stockholders of this corporation
and their private property shall he eX-
eInpt from liability for corporate debts
/ of this corporation, ana the highest
amount O; Indebtedness or liability to
which this corporation shall at any
time subject itself, direct or contin-
gent, is the sum of Two Hundred
Thousand (s200, 100000 Dollars.
ARTICLE VII.
The Board of Directors shall have
the power to appoint all necessary at
torneys, agents and servants CT the
corporation ann to esta blish and
amend bylaws rules and regulations
deemed necessary for the management
of the Company, not inconsistent with
the LAWS and these articles, to create
| the Office Of President, Pres idcnt,
Secretary and Treasurer and General
Manager and such ether Offices as may
! DC deemed necessary.
If any vacancy occur on account OF
| sickness, death or from any Other
cause in the Board of Directors. such
vacancy may DE filed by the remaining
members of the Board
IN WITNESS WHEREOF, the in
corporatoTs hereof have hereunto set
their hands this - Gay Of June, \. d
1902
4 WILLIAM Fl EATPNH