Arizona republican., 1902-10-20

ment of water by drilling or other methods; the purchase, sale and leas- ing of lands supposed to contain oil, asphalt and natural gas, the drilling for same and the constructing, owning and operating of pipe lines, fumes, con- duits and reservoirs for storage of same; the building, leasing, operating and owning of smelters in the United States and the Republic of Mexico; the buying. selling and leasing of agricul- tural, timber and mineral lands, ores, mines, bullion, mining machinery, min ing supplies the construction, opera tion and ownership of wagon roads. railways, tramways, vessels, tanks, reservoirs, warehouses and other fa- cilities for transportation of all artj- cles for use in commissary and general stores, mines, smelters and the means of transportation of the products there of; the construction and operation of telephone and telegraph lines and other means of communication; the buying and dealing in personal property and merchandise the owning sand conduct ing of general stores dealing in all kinds of supplies and merchandise; to make contracts, to purchase, lease bond, bond, locate or otherwise acquire, own. exchange, sell or otherwise dispose Of. pledge. mortgage, hypothecate and deal in real estate and any and all kinds or personal property. mines. mining claims, oil lands, mineral lands, oil, gas. asphaltum, petroleum, asbestos. salt. stone, onyx and marble; water and water rights and. machinery; to work, mine, explore, operate and de- velop the same; to do a general real estate. manufacturing and mercantile business; to own, handle and control letters, patents and inventions and shares of capital stock of other cor porations; to borrow money and exc cute notes. bonds. mortgages or deeds of trust to secure the same, and to ex- ercise in respect of all such bonds. mortgages, notes, shares of stock and other securities and obligations and any and all rights, powers and privi- 1 leges of individual owners thereof, in- cluding the right to vote upon any shares of stock held by it to the same extent that a natural person might or could do; and, in general, to do all things necessary to the proper conduct of the business of this corporation ir the territory or elsewhere, not incon- sistent with the laws of the United | States and the territory of Arizona. ThDd: The authorized amount of capital stock of this corporation shall be one million, two hundred and fifty thousand dollars (S1, ,250, 000) divided into five million C5.OOO,O0O) shares of the par value of twenty-five cents ($O.25) each in the United States coin.
 At such time as the Beard of Direc- tors may, by resolution, direct, said capital stock shall be paid into this corporation, either in cash or by sala and transfer to it of real or personal { property for the uses and purposes oi said corporation. in payment for which shares of the capital stock of said cor 1 poration shall be issued, and the capital stock so issued shall thereupon and : thereby become and be fully paid UT and non-assessable, and, in the absence i of actual fraud in the transaction, the Judgment of the directors, as to ths value of the property purchased, shal | be conclusive.
 Fourth: The time of the commence ment of this corporation shall be tn. date of the filing of these Articles ol Incorporation in the office of the Secre- | tary of Arizona, and the termination thereof shall be twenty-five years thereafter.
 Fifth: The affairs of this corpora tioE shall be conducted by a Board of Five | (5) Directors and the following named shall constitute a board until their sue cessors are elected:
 s. P. Anderson. Albert Chapelle, B G. Adams, F. J. Gavin, Paul Gray.
 Thereafter the Board of Director. shall be elected from among the stock holders, as the bylaws of the corpora tion may provide. The officers of saiC corporation until their successors ar, elected shall be:
 Albert Chapelle, president; B. c Adams, vice president; H. J. Gavin secretary; s. P. Anderson, treasurer.
 Sixth: The highest amount of indebt edness or liability, direct or contin gent. to which this corporation is a any time subject shall be seven hun dred and fifty thousand dollars (s75o, 000). which amount does not excee, three-f1fths the amount of the capita stock
 Seventh: The private property of tn stockholders of this corporation shal be exempt from its corporate debts } any kind whatsoever
 Tn witness whereof, we have here unto set our hands and seals this lit day of July A. D.. 1902.
 ALBERT CHAPELLE (SeaD.
 H. J. GAVIN (SeaD.
 SAM'L P. ANDERSON (SeaD.
 BURTON J. ADAMS (SeaD.
 PAUL GRAY (SeaD.