Arizona republican., 1902-09-12
ARTICLE II.


 This corporation shall commence at the time of the filing for record of its articles of incorporation in the office of the County Recorder of Marlcopa County, Arizona, and the filing of a cer- tiied copy thereof with the Secretary of the Territory of Arizona. And shall endure for twenty-five (25) years there after.
 l ARTICLE TIL
 The general nature of the business of this corporation shall be the mining, milling and treating of gold, silver, copper and other ores; the buying, sell ing, managing and operating of mills. mines, quarries and reduction works in the Territory of Arizona, and the dealing in and disposing of such prop erty and its products. ARTICLE " Section 1. The capital stock of this corporation sha.i be One Million dol lars. ($1 ,OOO OOO) divided into One Mii- lion Q,00O,O00) shares of the par value of One Dollar (%1.yJ) e,.Dh
 Section ?. The capital stock of this corporal ton shall be fully paid in cash or it's equivalent in property, labor or services when subscribed, and no stock shall be issued until fully paid for. Shares of stock issued shall be held and considered as fully paid and shall be non- -assessable.
 ARTICLE V. i Section l. The affairs of this corpo- ra ation shall be managed by a Board of Directors consisting of three (3) stock holders. who shall be elected annually on the first Tuesday in January by the stockholders.
 Section ?. VacanGes in the Board of Directors or officers of this corporation shall be filled for the unexpired term by the remaining members of the Board of Directors.
 i Section 2. The officers of this coipo- ration shall be President. Vice Pres ident. Secretary and Treasurer, who shall be elected annually by the Board of Directors at the first meeting after ! the annual meeting of the stockholders. The President shall be the chief eXecu- tive officer of the corporation, and shall have the general management of all its affairs, subject to the approval of the Board of Directors.
 And until the annual meeting of Jan uary. 1903, the following named persons shall be the Directors of this corpo ration, viz: F. l.. Eddy. Joseph R. Aich. and D. A. Donofrio; and the fol- lowing shall be officers of said corpc- ration, viz. r. l.. Eddy, President Jo- seph R. Aich, Vice President. and D. A. Donofrio, Secretary and Treasurer.
 Section 4. The Board of Directors shall have the power and authority to appoint any other agent or agents to aid in the management of it's business, and in conducting tbe affairs of the l Ixrie- able and may vest in such agent or agents such powers as they may deem expedient And said Board of Direct ors shaH have the power and authority to fix the compensation to be paid to the officers, agents and employees and directors of this corporation.
 ARTICLE VI.
 Section 1. The highest amount of in- debtedness or liability, direct or con ktinsent, to which this corporation shall at any time subject itself is the sum of i Ono Hundred Thousand dollars (S100,- 000)
 Section ?. The corporation may, by authority of its Board of Directors, borrow money and agree to repay the same, with interest; but the property of the corporation shall never be l pIGuSeU, nOftS2Seu or nypOInecaIeu without the direct authority and con- sent of the holders of a majority of the steck of this corporation.
 ARTICLE VII.
 The stockholders of this corporation, and their private property, shall be eX- empt from liability for the corporate debts of this corporation; and the shares of stock issued as fully paid shall be forever held and considered as fully paid and non-assessable. ARTICLE VIII.
 At any meeting of the stockholders. a majority of the issued stock shall con- 3titute a quorum, and stockholders may vote by written proxy filed with the Secretary at or prior to the meeting. All stockholders meetings shall be held at the office of the corporation in Phoe- nix, Arizona.
 l ARTICLE TX.
 The Board of Directors shall have the power to make, amend and alter by ! laws for this corporation, and to make all needful rules and regulations for the management of it's affairs. l IN WITNESS WHEREOF We have hereunto set our hands this eighteenth day of August, 1902.
 F. l.. EDDY. JOSEPH R. AICH.