The Tucson citizen., 1902-12-03

other terms as it may be renewed, ac-
cording to the provisions of the stat
utes in such cases made and provided.
Article V.
The amount of the capital stock OF
this company shall be and is Two Mill
ion Dollars ($2,000000.00), divided
into twenty thousand shares of One
Hundred Dollars ($100.00) each, and
which said amount of capital stock is
the actual contemplated cost of con-
struction of said railroad, together
with the cost of right of way, motive
power and every other appurtenance
and thing for the completion and
running of said road, as nearly as can
be estimated by competent engineers
which sum shall be paid in from time
to time as the Company, by the action
of it's Board of Directors, shall re-
quire.
Article VI.
The number of Directors who shall
manage the affairs of this corporation,
and who shall hold their Office until
their successors are elected shall be
five, and their names are as follows:
Epes Randolph, Los Angeles, Cali
| fornia.
George E. Pillsbury, Los Angeles,
| California.
VIM. C. Greene, Bisbee, Arizona.
| Eugene S. Ives, Yuma, Arizona.
Edgar F. Buehring, Los Angeles.
| California.
Article VII.
| The direction, length and -termini
Of said railroad shall be as follows:
Beginning at point at or near the
! town of Naco, in Cochise county, Ter
ritory of Arizona; running thence in
northeasterly. direction to a point at
or near the point of intersection of the
San Francisco river with the boundary
line between the Territories of Ari-
zona and New Mexico, with spurs or
connecting lines from some convent
ent point or points upon said main
line, to points at or near the towns of
Bisbee, Douglas, Turquoise, Solomon
vile, Clifton and Morenci, all of said
lines and spurs being in the counties
of Cochise and Graham, in the Terri
tory Of Arizona, a distance of about
two hundred (200) miles.
Article VIII.
The purpose for which this corpora
tion is formed and the general nature
of the business proposed to be trans
acted is to construct, operate and
maintain line Of railroad, telegraph
and telephone in Cochise and Graham
counties, Arizona Territory, and also
to construct, operate and maintain such
buildings, structures, machinery, ap-
paratus, as may be deemed necessary
and convenient for operating said rail-
road telegraph and telephone line;
to cause such examinations and sur
veys to be made as may be necessary
for selecting the most suitable route
for said railroad, telegraph and tele-
phone line, and for that purpose by
it's officers and agents to enter upon
the lands and waters Of the Territory.
Article TX.
This, corporation shall nave the
power to acquire by purchase or other
wise, real and personal property, and
shall have the power to mortgage its
real and personal property and issue
bonds Hereunder, and do all things
permissible by or under the laws un-
der which this Company DIS incorpor-
ated.
Article x.
The highest amount of Indebtedness
or liability to which the corporation
shall at any time subject itself shall
not exceed the amount of it's capital
stock.
Article XI.
Private property of the members
and. stockholders of this corporation
shall be exempt from corporate
debts.
Article XII
The Directors shall have power to
make bylaws for governing the busi2
ness and affairs of this corporation.
Article XIII.
The affairs of this corporation shall
be conducted by a President, Vice
President Secretary, Treasurer and
General Manager, acting In accordance
with the respective duties as the same
shall be more particularly defined in
the bylaws of this corporation. Said
officers shall be elected at the annual
meeting of the Board Of Directors of
this Company, to be held on the second
Tuesday Of January of each year dur
ing the existence of this corporation,
excepting, however, CnaC the OlrecCOfS
shall have the right, by a majority
vote, to elect officers of the corpora
tion who shall conduct it's affairs
from the time of the completion Of it's
organization until the first annual
meeting as hereinbefore provided.
In witness whereof, the subscribers
have hereunto set their names, places
of residence and the number of shares
of stock in said corporation taken by
them, severally, this I'd day Of August
1902, in the city of Los Angeles, Cali
fOrnia.
EPES RANDOLPH, Los Angeles. Cal
ifornia, 1885 shares, $198,50O.
GEORGE e. PILLSBURY, Los An
geles, California, S shares, $500.
w. c. GREENE, per Epes Randolph,
proxy and attorney in fact, Bis
bee, Arizona, shares, $500,
EUGENE S. IVES, Yuma, Arizona, 5
shares, $500.
E. F. BUEHRING, Los Angeles, Cali
fornia, 5 shares, $500.
State of California, }