Holbrook argus., 1902-07-19

tS mining, In1ll1IlR. SInelUlnR unu TeuuCUlOns the buying, selling, leasing; bonding and working of mines ore and bullion; the build- ing of roads, tramways and railroads; to acquire by, purchase or otherwise and to dispose of the same, stock of other corpora tiOns, real estate, mill sites. and water rights and work or otherwise develop the same; erect the necessary buildings, mills, machin- for the same; to mine for gold, silver, copper lead and other minerals, and to sell, mill, reduce, smelt, refine or otherwise prepare the same for market; to handle and control inventions and letters patent relating and incident to mining. milling and smelting of ores to conduct and carry on a general mer- chandise business, boi row money, issue dispose of all of It's corporate property for the security or payment of any of its in- debtedness, and to do any and all things and all real and personal carry into effect the objects for which this corporation is formed, and said capital stock may he used for the purpose of purchasing property for the company.
 ARTICLE ".
 The capital stock of this corporation shall be one million ($i, ,000, ,00O) dollars divided into one million q ,0OO, ,0O0l shares of the value of one GiO dollar per share; and the same shall be fully paid and non -assessable.
 The capital stock of this corporation shall be issued and paid for upon the conditions and at the times as herenafter provided for by resolution of the board of directors of
 
 may be exchanged for mines and other property at such prices and upon such terms as the board of directors may determine.
 ARTICLE V.
 The time of the commencement of this cor poration shall be the day upon which these articles are filed in the office of the secretary of the territory of Arizona, and said corpor- alton shall terminate twenty five (25) years thereafter.
 ARTICLE VI.
 The government of this corporation is vested in q board of directors consisting of not less than seven CD nor more than eleven Ql members all of whom shall be stock hold. CTS of the corporation, who shall be elected at the annual stockholders meeting and shall hold office for one (1) year from the date of their election and qualification, and until Any vacancy in said board shall be filled by the remaining members thereof. And such board of directors shall have power to hold any meeting and transact any business for without the territory of Arizona. and all the acts of such board shall be valid, provided that majority of all members of the board shall be S present tar. and vote in favor of such evidence of the sufiiciency of notice for the meeting and said board of directors shall have the power to establish bylaws and the management of the affairs of this cor poration. not inconsistent with the constitu tion and laws of the United States and the laws or tne terTltOry or drlZOnu.
 The following named persons shall consti- tute the board of directors of this corpora tion until the first annual meeting of stock holders and until their successors are duly Julius Lesser, K. A. Sawyer, w. D. Britton, F: W. Nelson, R. R. Mcdonald and Edw. Enos. The number of directors to be elected at the annual stockholders !, meeting, not less than in the call for said annual meeting, to serve for the next ensuing year, which said num- Der shall be fixed by resolution of the board of directors at their meeting next prior to the issuance of such notice to the stock holders.
 ARTICLE VII.
 The officers of this corporation shall be a president, vice-president. secretary and treasurer, and such other Officess as the board of directors may deem necessary for the purpose of transacting its business; pro- vided, that the president or vice-president officers to be elected by the board of direct prs and the following named persons shall be the officers of this corporation until the first annual meeting of tho stockholders hereof and unti! their successors are duly elected and qualified. to-wit, president. J X. Woods; vice president and treasurer, Julius Lesser: secretary, w. D Britton: corporation except directors president vice. president, secretary and treasurer are re- quired to be stockholders of the corpora tion.
 
 The time for holding the annual meeting of the stockholders of this corporation is fixed for the first Monday in the month of December of this year.
 ARTICLE XI.
 The highest amount of indebtedness or liability. either direct or contingent, to which this corporation is at any time to subject itself is Five Hundred Thousand (s500,000.) Dollars.
 ARTICLE X.
 The private property of the stockholders of this corporation shall be exempt from any and all liability for the payment of cor porate debts.
 In witness whereof, the corporators here- of have hereunto set their hands and seals this first day of May. A. D, 1902.
 J. X. WOODS, [SeaI1
 JULIUS LESSER, fSeal
 E. A. SAWYER fSeali
 w. D. BRETON. iSeali Territory of Arizona County of Navajo,-ss, Before me- F. w. Nelson, a Notary Public in and for said county and territory, on this day personally appeaaed J. X. Woods Julius Lesser, k. A. Sawyer and w. D. Britton,