The Tucson citizen., 1902-07-15

quire shares OF the capital stock OF
other corporations; to loan money and
to accept and receive as security
therefor mortgages, pledges or any
other instruments of property; to pur-
cnase, 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. opcr-
ate, hold. mortgage. lease and dispose
or smelters reduction plants, mills.
machinery and instruments or appll-
ances necessary. relating or appertaln-
ing to the smelling, treating and re-
ductton 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 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 navigahle
stream or some existing railroad,
turnpike or public highway and to
buy, sell, own. equip. mortgage, lease
and dispose of the same; and to bny,
sell own, mortgage. lease and deal in
any and 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
t250 .000) dollars divided into two hum
dred and fifty thousand (250 .po0)
shares of the par value of one CD doll
lar each.
The capital stock of said corpora
tion 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 Of
Directors as to the value of anything
received for stock other than cash
aforesaid. shall be conclusive.
Shares of stock issued shall be held and
considered as fully paid and the same
shall be nonassessable.
/ 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 unexpired term.
Sixth. h.-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
its termination shall be twenty-five
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
!
/ W. Burge. Richard j. Cassin. Wilhelm
Ina Cassin and Nellie F. Burge
/ The first election OF a 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 cleo
tion as aforesaid shall be held at the
principal place OF transacting business
OF said Corporation In the Territory OF
Arizona or at its 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
dehtedness and liability or either Of
them. direct or contingent. to which
the Corporation Is at any time to sub.
ject Itself is fifteen thousand Us ,000)
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
following named persons shall be such
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 29th
day of April, 1902.
RICHARD ]. CASSIN.
WILLIAM d. MURRAY.
CAREY w. BURGE.