Arizona republican., 1902-11-21

and wharf landings; to purchase, lease | or construct buildings and boats, and | to sell lease, rent, or use the same to | develop and improve lands and mines i to buy, sell and otherwise deal in, gen | eral merchandise, to construct, main- | tain and operate oil and gas wells, and | pipe lines and lines conveying, tran5- | porting and delivering oil or gas, or both oil and gas, to bore, prospect and operate for petroleum, natural gas, salt water and any and all other oils and gases; to transport and dispose of the same and the products thereof; to construct, maintain and operate ma cbinery and plants and appliances for the generation, distribution and use of electric light and power; to acquire rights and properties, and to undertake the whole, or any part of, the assets and liabilities of any person, firm, as- sociation or corporation, and to pay for the same in cash, stocks or bonds of this corporation, or otherwise, to take out patents and acquire those taken out by others; to acquire or grant li .censes in respect of patents or works, or dc whatever else to them may be thought fit; to draw, make. accept, en- dorse, discount, execute and issue pro-
  rants, bonds. debentures and other ne gotiable or transferable instruments; to borrow or raise money without limit as to amount not exceeding $5OO,00O by the issue of, or upon, bonds, debentures or debenture stock, or in such other manner as the corporation shall think fit. to have one or more offices to carry on all or any, of its operations and business; to purchase, or otherwise ac- quire, to hold, own, mortgage. sell, con vey, or otherwise dispose of real and personal property of every class and description in any of the United States, Districts, Territories, Dependencies, Colonies thereof. and in Mexico and in any and all foreign countries or places, and in general to carry on any other business in connection with the fore going, whether of manufacture or oth- erwise, and to have and to exercise all powers conferred by the laws of Ari- zona upon corporations formed under the laws of the Territory of Arizona: and it is expressly provided that the foregoing clause shall be construed both as objects and powers being here | by expressly provided that the forego- ing enumeration of specific powers shall not be held to limit or restrict in any manner, the powers of this cor poration.
 That the amount of capital stock authorized is one million Q,OO0.0 .00O) dol | lars, and the number of shares into which it is divided is one million shares. of the par value of One dollar each, ] which amount is to be paid in at the \ times and upon the conditions follow ] ing viz.
 l Twenty thousand (25, ,OOO) dollars in cash, with which amount this cor poration will commence business, and | the remaining number of shares to be paid for in discharge of subscription therefor already made, and upon con- veyance to this corporation of certain properties situated in the District of La Union." State c. Gusrre.J. M eXi- | co, and consisting Of about. sixty two l (62) pertenencias GAS acres) to be re ceived as consideration for issuance of said remaining shares, fully paid and non-assessable.
 IV.
 The time of the commencement of said corpora ton is the 10th day of June. One Thousand Nine Hundred and Two. and the time of its termination, the ! Hundred and Twenty Seven.
 "
 The officers of said corporation to conduct it's affairs. shall consist of a Board of Directors consisting of four members, as follows: J. Letton Martin, Ashland, Boyd County, Kentucky; Charles Edward Horrocks. Ashland, Boyd County. Kentucky; J. Cray Mar tin, Ashland, Boyd County, Kentucky; and Otto Won Kanel, New York City, New York, who are to be elected on June 10 1902, and shall hold their offices until their successors shall have been duly elected.
 The annual meeting of the stockhold- CTS for the purpose of electing Directors and the transaction of such other busi- ness as may come before that body shali be held in the City of Ashland Boyd County, Kentucky. on the second Tuesday of June, in each year.
 The Board of Directors shall elect from their body a President. Vice President, Secretary and Treasurer, the latter two of which offices may be filled by the same person, and may appoin
 such other agents as by them are, ol : may be- deemed necessary in the man
 agement of the corporate affairs.
 The annual meeting of the Board O . Directors for the election of officers E and for the transaction of such othe business as may come before the board , shall be held at the office of the Com . pany in the City of Ashland, Boy, [, County, Kentucky, at such times, a e shall be fixed by the Bylaws. VI.
 V The highest amount of indebtedness - or liability, to which the corporatio - may at any time subject itself is fiv F hundred thousand ($50O, ,OOO) dollars.
 VII.
 The private property of each office
 and stockholder os said corporation n to be exempt from all corporate debts. D VIII.
 L. The Board of Directors may adoI ;- Bylaws for the government of thi d corporation, may authorize the Presi Il dent to have in charge the genera a management of the affairs thereof; { Y, enter into contracts. execute and acer h deeds. leases, or other conveyances, an .s do any and all other acts for and in tn y name of this corporation that he ma )f deem necessary in carrying out th
 purposes for which this corporation,