Arizona republican., 1902-01-21

tories as shall in the judgment O. the Board of Directors seem necessary for tine proper conduct or it's business.
 ARTICLE III.
 That the object of this Corporation, and the business to be transacted by it, is the locating and purchasing or leasing of mines and mineral lands. and opening, equipping, operating. leasing. selling or otherwise disposing of such mines ana lands. It shall have the power to construct tunnels, sink shafts, locate mill sites. construct and estab- fish mill buildings, install machinery; own and operate stamp mills, and ma chincry used in the business Of mining; acquire, build, maintlin, operate and dispose of pipe lines for conveying and conduC ting water and other fluids; to acquire, hold, enjoy and dispose of tights of way for the purpose thereof and for other purposes; build roads and bridges and otherwise connect their holdings with naviSab!e streams or with roads and ether highways.
 It shall also have the power to pur- chase or exchange mining OF other cor pcrGte stocks; to borrow or loan mone.7 Sn reliable security; to purchase, sell and deal in Sureties, bonds and stocks Of every description; and generally to acquire, manage. hold and improve and dispose of real and personal property, and do such other things as may be necessary for the full and complete eX- ecUtion Of the purposes set forth above. and for the exercise of the powers and tra nsaC ton of the business of the cor poration. including mining. manufac- turing and road building. for which We have hereby associated ourselves: and to do any and all things necessary to carry on the aforesaid business and to connect it with the commerce of the world
 ARTICLE ".
 That the amount of the capital stock of this corpora ton shall be one million five hundred thousand (sl, ,00O) dol lars. divided into one million five hun dred thousand Q.5O0. .O0O shares, of one dollar (S1CO) each. which when issued shall be fully paid and forever non 9 assessa bic. of which eight hundred thousand $500, O0O) shares shall be set apart and known as treasury stock. and shall not be voted while held as such, but when sold and entered upon the books of the Corporation. and cash stock or other property received for same. then the shares % sold shall have the same voting power that each and every other share has.
 ARTICLE Y.
 That this corporation shall begin business on the date of filing of these articles of incorporation with the County Recorder in and for MaTicop2 County. Territory of Arizona. and certified copy of same with the Secre- tarv Of saiI Territory. and shall term inate at the expiration of twenty-five years thereafter.
 ARTICLE VI
 That the mana cement and conduct of the business of this corporation shall be by a board of directors Of not less than seven nor more than eleven, who must each be a stockholder. That the officers of this corporation shall be q president. q vice president. a. secretary. 2 treasurer and an attorney, all of whom snail he elected at the annual meeting of stockholders in each year beginning with December IS, 1902. no-- tice Of said meeting to be mailed [" each stoci;holder bv the secretary not Ices than two weeks before the holding Of same. The above named officers shall also be members of the Board of Directors. which board shall also be elected at the said annual meeting of stockholders. There shall also be elected ct each annual meeting an aud itinc committee consisting of three stockholders who shall not be officers There shall also he f" superintendent of property who shall be appointed by the Po~rd of Directors.
 The first annual meeting of this cor -oorat'ou shall be held on the third Tuesday in December. 1909. and until such annual election the following named persons shall be the officers and directors: Charles c. LlYbourn. Pres ident and Director: Marvin Quacken- bush Vice President and Director: w. IT. D7wson. Secretary and Director; A. w. Force. Treasurer and Director: reri D Smith. Attorney and Director: F F. MurrAv. Director: w. r. Hodges. Director: Geo. Merchant. Director: J. ". White. Director: F. P. Nelson. Di- rector; J. F. NcArthur. Director.
 ARTICLE VII.
 That the highest amount of indebt edness of this corporation shall not eX- ceed Ten Thousand Dollars. and no contract shall be made for the eXpendi- ture of over Five Hundred Dollars without a vote Of a majority of the Board of Directors in favor Of such eX- penditure.
 ARTICLE VIII.
 That the private property of each and every stockholder of this corpora ton shall be exempt from all corporate debts.
 ARTICLE IN.
 That these articles may be altered or amended by a two-thirds vote of all stock issued. at any regular meeting or at a special meeting called for that purpose after giving at least twenty days notice of the same. said notice stating the purpose for which said spe- cial meeting is being called by mailing to each stockholder letter to his last known address. The Board of Direct ors may adopt such bylaws as in it's judgment may be necessary and proper for the government of the corporation. and it's officers. and may alter or amend the same from time to time as such all terations ana amendments seem to them necessary.