Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1902-07-11

handle and control inventions and let
tiers patent relating TO and incident to
the mining, milling and smelling OF
ores: to buy, sell. own, use and control
real estate, water rights, power, mill
sites. machinery, appliances, fixtures,
buildings, stock of other corporations,
letters patent and inventions; to con-
duct and carry on a general mercantile
business: to borrow money, issue
bends. and to mortgage, pledge or 9TH
erwise dispose CT any and all of its
corporate property and to do any ana
all things, and to acquire all property,
real and personal, which may be re-
quired and necessary to carry into ef-
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 ($2 ,000.-
00O00) Dollars, divided into Two Mil
lion (2,000,00O shares of the par value
of One ($100) 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 for which, shares
of the capital stock o. said corporation
may be issued, and the capital stock so
issued shall thereupon and thereby be-
come and be fully paid up and non-as-
seSsable, and in the absence of actual
fraud in the transaction, the judgment
of the directors as to the value Of 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 (2O 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 CD in number. who shall be
stockholders in said Company. and the
following shall constitute the Board OF
Directors, who shall hold their offices
>
1903, and until their successors are
elected: Samuel c. Rogers. Newton
Higbee, Ira c. Logan, William 4
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 2nd Monday in January, 1903, anG
annually thereafter.
ARTICLE VI.
The stockholders of this corporation
and their private property shall be eX-
empt from liability for corporate debts
of this corporation, and the highes
amount o. indebtedness or liability t
which this corporation shall at any
time subject itself, direct or contin
gent, is the sum of Two Hundred
Thousand (S200, 0CO.00 Dollars
ARTICLE VII.
The Board OF Directors shall hav,
the power to appoint all necessary at
| tCrneys, agents and servants of tn,
corporation and to establish anC
amend bylaws, rules and regula ton:
deemed necessary for the management
Of the Company, not inconsistent Will
the laws and these articles, to Great,
the office of President, Vice President
Secretary and Treasurer and Genera
Manager and such other Offices as ma!
be deemed necessary.
If any vacancy occur on account c
sickness, death or from any othc
cause in the Board of Directors. suci
vacancy may be filled by the remainin.
members of the Board
| IN WITNESS WHEREOF, the in
corporators hereof have hereunto Sc
their hands this - day of June, A D
1892
WILLIAM II. BARNHART.