The news-herald., 1902-04-05

shall be and constitute the Board of
Directors until the annual meeting Of
the stockholders in the year 1903. The
number of Directors shall be deter
mined from time to time by majority
vote OF the issued stock.
The officers of this corporation shall
be President, Vice-President, Secre-
tary and Treasurer and all of said off,.
GERS shall be chosen by the Directors
from among the members of the Board
of Directors and shall hold their offices
for term Of one year and until their
successors are elected and qualified
said officers shall receive such COM
pensatlon as the Board of Directors
may determine
The meetings of the Board of Direct
ors shall be held in such places in the
Territory Of Arizona and a such times
as the majority of the said Board shall
determine and all such meetings, at
which three (3) Directors shall be pres
ent, shall be regular meetings. The
Board Of Directors may also hold meet
lngs in such places without the Terri
tory of Arizona and at such times as
all OF said Directors may unanimously
determine
The annual meetings of the stock
holders shall be held on the first Mon
day in May OF each year and their reg
ular meetings may be held at such
times within the Territory Of Arizona
as may be determined by the holders of
the majority of the issued stock of the
corporation.
The Board of Directors shall have
full power to sell or exchange the
shares OF the capital stock Of this cor
poration for mineral lands, mines, min
ing claims or other real estate or for
mills, smeiters, hydraulic plants or any
other kind Of machinery or for any
other kind of personal property or for
any and all kinds Of labor or services
needed in carrying on the business of
the corporation on such terms as said
Directors may think best or to sell the
same Tor cash or to exchange the same
for shares of the capital stock of other
corporations.
The Directors shall have power to
make, establish, amend or repeal all
bylaws, Rules and Regulations
deemed expedient for the management
OF the affairs of the corporation and to
appoint and employ all necessary
agents, servants and laborers and fix
the compensation for the same. If any
Director shall cease to be a stockholder
ne shall thereby and thereupon cease
to be Director, and the remaining Di-
rectors shall elect q stockholder to fill
said vacancy until the next annual
meeting of stockholders
ARTICLE VI.
The hipbaSt amount Of ;u5oL+odo
direct or contingent, to which this cor
poration may at any time be subject
shall be the sum Of Two Hundred
Thousand ($200 0O0O.0O) Dollars.
ARTICLE VII.
The officers and the stockholders of
this corporation and their private prop
erty shall always be exempt from any
and all liability for the debts of this
ton.
ARTICLE VIII.
The stockholders may be present by
proxy at any and all meetings of the
stockholders and vote upon all ques-
tions as though present in person. pro-
vided always that such proxy shall be
held and voted by a stockholder of the
ARTICLE TX.
These Articles may be amended at
any regular meeting of the stockhold-
ers by the affirmative vote of three
1fths (3-5) Of all the stock present at
such meeting, provided that such three
fifths (3-5) present shall be at least
one-half (1z) of all of the stock issued
and provided that at any other meeting
than an annual meeting, that notice of
the Intended amendment has been
given the stockholders with the notice
OF the meeting at Which such amend
ment is submitted for action.
In witness whereof we have hereunto
set our hands this 28th day Of Febru-
ary, 4. d. 1902.
J. ID. MARLAR.
II. A. OWEN.
A. J. EDWARDS