The Tucson citizen., 1902-07-17

ouire shares OF the capital stock OF
other corporations to loan money ana
to accept and receive as security
therefor mortgages pledges or any
other instruments OF property; to pur-
chase, acquire, own mortgage, lease.
locate, release and locate timber and
timber lands and to erect, purchase.
own acquire. operate, lease. mortage
or otherwise transact business in or
as to mills for saving or working tim
Der or the products of timber lands;
to construct. purchase acquire, oper-
ate, hold, mortgage, lease and dispose
OF SmelterS reduction plants, mills,
machinery and instruments or appli-
ances necessary, relating or appertain-
ing to the smelling. treating and re-
ductiOu of ores or metal bearing rock.
earth. quartz, or similar property and
the obtaining or extraction of metals
or minerals therefrom and to do and
transact a general mining and milling
business and such other business as
may be necessary to carry on the
same, to construct and operate such
railroad. tramway. turnpike or canal
as may lead from its principal works
or place of business to some navigable
stream or some existing railroad.
turnpike or public highway and to
buy, sell. own. equip mortgage, lease
and dispose of the same; and to buy.
sell own. mortgage lease and deal in
any aud all kinds of personal and real
property not hereinbefore specially
mentioned
Fifth.-The authorized amount OF
capital stock of said corporation shall
be two hundred and fifty thousand
$3.50 0Q0l dollars divided into two hun
dred and fifty thousand (250 000)
shares of the par value of one % dol
lar each.
The capital stock OF said corpora
ton shall be fully paid in cash or
its equivalent in services or property
or rights or interests in the same
when SUBSIDIZED, and no stock shall be
issued until full payment thereof
In the absence of actual fraud in the
matter the Judgment of the Board Cf
Directors as to the value Of anything
received for stock other than cash
aforesaid, shall he conclusive
Shares of stock issued shall be held and
considered as fully paid and the same
shall be worcestershire
The Board of Directors shall have
power to make, amend and alter by
laws for said Corporation and to make
rules and regulations for the man
agement of the affairs of the same.
ANY vacancy in the Board of Directors
or the officers of said Corporation
shall be filled by the Directors in
office for the unexpred term.
SlXth.-The time of the commence
ment OF this Corporation shall be i'm
mediately upon the filing of its Arti-
cles Of incorporation for record In the
office of the County Recorder OF the
County of Pima, Territory Of Arizona
and also the filing of a certified copy
thereof with the Secretary of the Ter
ritory of Arizona, and the time of
it's termination shall be twenty-flve
years thereafter.
/ Seventh.-The affairs of this Corpo-
ration shall be managed, conducted
and controlled by board of five di-
rectors. and the following named per-
sons shall constitute the Board OF
Directors until their SUCCESSORS are
elected William d. Murray. Carey
/ w. Burge Richard j. Cassin. Wilhelm
ina Cassin and Nellie F. Burge
/ The first election of Board of Di-
rectors of this Corporation shall take
place upon the day of expiration Of
the period of six months from the
time of the commencement of this cor
poration and subsequent election Of
such Board shall take place on said
day annually thereafter. Any elec-
tion as aforesaid shall be held at the
principal place of transacting business
] of said Corporation in the Territory of
Arizona or at it's branch office in the
City and County of San Francisco.
State of California, as the bylaws of
the Corporation may provide.
| Eighth.-The highest amount of in
debtedness and liability or either OF
them, direct or contingent, to which
the Corporation is at any time to sub
ject itself is fifteen thousand 5,00O)
dollars.
The officers of the Corporation shall
/ be a President. vice-President and a
Secretary and Treasurer. who may be
the same person and until the first
election of Board of Directors the
officers, to-wit: Richard J. Cassin,
President; William D. Murray, vice.
President. and Carey W. Burge Secre-
tary and Treasurer.
Ninth.-The private property of the
stockholders of this Corporation shall
be exempt from corporate debts.
In witness whereof we have hereun-
to set our hands and seals this Goth
day of April, 1902.
RICHARD ]. CASSlN.
WILLIAM y. MURRAY.
CAREY w. BURGE.