Arizona republican., 1902-03-05

and hypothecate any or all of it's prop erty: to make such contracts, acquire. hold, mortgage, operate and transfer such property and possess all the pow CTS in relation thereto as a private in dividual may, under the law possess and enjoy.
 ARTICLE III
 The amount Of the capital stock of this corporation shall be One Million ($1.000. .000.0D Dollars. divided into one million Q,000000) shares of the par value of One ($10O) Dollar each. and all shares when issued shall be fully paid and non -assessable.
 ARTICLE ".
 The time of the commencement of this corporation shall be the date of the filing of these Articles in the office of the County Recorder of Maricopa County, Arizona Territory. and in the office of the Secretary of the Territory of Arizona and the termination there of shall be twenty-five (25) years there after, but the same may be renewed from time to time for a like period of twenty-five (25) years when the hold
 
 stock shall. at any meeting duly called and held for that purpose. vote in favor of such renewal.
 ARTICLE V.
 The management of the business and affairs Of this corporation shall be vested in a Board of Directors con- sisting of not less than five nor more than nine persons, the number to be determined by the stockholders, each and all of whom shall be stockholders. Said Directors shall be elected annu- ally by the stockholders on the 1st Monday in May of each year, provided however, that J. Elliott Walker, Ed ward Eisele, B. r. Porter, L. H. Landis and Arthur J. Edwards shall be and constitute the Board of Directors until the annual meeting of the stockhold- CTS in the year 1902 The officers of this corpora tion shall be a President, Vice President, Secre- tary, and Treasurer and all of said off cers shall be chosen by the Directors from among the members of the Board of Directors and shall hold their offices for a term of one CD year and until their successors are elected and quail flied: said officers shall receive such compensation as the Board of Direct ors may determine, if approved by the | holders of a ma ajority of the issued 1 stock.
 | The meetings of the Board of Di- rectors shall be held in such places in | the Territory of Arizona and at such times as the majority of the said board shall determine and all such meetings at which a majority of the Directors shall be present. shall be regular meet ings. The Board of Directors may also hold meetings in such places with out the Territory 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 other regular meetings may be held at such | times and at such places within the Territory Of Arizona as may be des- | ignated 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- l ing claims or other real estate or fol mills. smelters, hydraulic plants or any other kind of machinery or for any other kind of personal property or fol any and all kinds of labor or services needed in carrying on the business o1 the corporation on such terms as said Directors may think best, or to sci the same for cash or to exchange the same for shares of the capital stock o1 other corporations.
 The Directors shall lave rover tc make. establish. amend or repeal al 1.,fi eXpedient for the management of the affairs Of the corporation and to a. point and employ all necessary agents servants and laborers and fix the com pensation for the same. If any Di- rector shall cease to be a stockholder he shall thereby and thereupon cease 1 to be a Director. and the remaining Di- rectors shall elect a stockholder to fil said vacancy until the next annua meeting of stockholders.
 ARTICLE VI.
 The highest amount of indebtedness direct or contingent, to which this cor poration may at any time be subject shall be the sum of Two Hundred Thousand ($200, ,000.00) Dollars
 ARTICLE VII.
 The officers and the stockholders ot this corporation and their private property shall always be exempt iron any and all liability for the debts oi this corporation.
 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 stockholder of the corporation.
 ARTICLE IX
 These articles may be amended a any regular meeting or the stockhold CTS by the affirmative vote of three hfths (3-5) of all the stock present a such meeting, provided that sucl three-fifths (3-5) present shall be a least one-half (15) of all of the stocl issued: and provided that at any meet ing other than an annual meeting ina