Arizona republican., 1902-11-30

poration may be transacted at either said principal place Of business or at the branch office or offices aforesaid
 Article II. The general nature of the business proposed to be transacted by this corporation is as follows, to-wit: To make contracts; to purchase. lease, bond. locate or otherwise acquire, own exchange, sell or otherwise dispose of pledge, mortgage, hypothecate and deal in mines, mining claims mineral lands, oil lands. oil gas. asphaltum, petrole um, asbestos. salt. water rights and machinery; and to work, mine, ex- plore, operate and develop the same: to erect and operate machinery neces- sary and convenient for treating and handling all and singular the said pro ducts and ores; and deal in real estate and any and all kinds of personal prop erty; to do a general real estate, man ufacturing and mercantile business: to own. handle and control letters patent and inventions and shares of capital stock of other corporations; to borrow money and execute notes. bonds. mort gages, or deeds of trust to secure the same, and to exercise in respect of all such bonds, mortgages. notes and shares of capital stock and other se- curities and obligations any and all rights, powers and privileges of indi- vidual owners thereof, including the right to vote upon any shares of stock held by it to the same extent that natural person might or could do. and in general to do all things necessary to the proper conduct of the business of this corporation in the territory and elsewhere, not inconsistent with the laws of the United States and the Ter ritory of Arizona.
 Article IT. The authorized amount of capital stock of this corporation shall be and is one million ($1.0O0. .000) dollars. divided into one million q .000.- OO0) shares of the par value of one dollar (S100) each. and shall be fully paid up before issue and non-assessa- ble; provided. however. that the said stock or any part thereof may be issued in payment for property; and the sev- eral incorporatOrs hereof each do hereby subscribe for five (5) shares of stock respectively.
 Article ". The time of the commence ment of this corporation shall be the date of the filing of these articles of incorporation in the office of the Sec retary of Arizona, and the termination thereof shall be twenty-five (25) years thereafter.
 Article V. The affairs of this corpor- ation shall be conducted by a board of seven CD directors. and the follow ing named persons shall constitute the board of directors until their successors are elected: D. F. Callahan, s. s. Wright. W. F. Falls. F. r. Gauthier. J. F. Beasom, D. F. Marchus and Fred Leibly. Thereafter the board of di- rectors shall be elected from among the stockholders as the bylaws of the cor poration may provide.
 Article VI. The highest amount of indebtedness and liability, direct or contingent, to which this corporation is at any time subject is twenty-five thousand (s25, 5,OOO) dollars.
 Article VII. The private property of the stockholders of this corporation shall be exempt from corporate debts of any kind whatsoever.
 Article VIII The board of directors fo the corporation shall have power to elect a president, a president, q secretary and a treasurer, and such other officers as the bylaws may pro- vide for; also 10 make bylaws. rules ard regulations not inconsistent with the laws of the United States or the Territory of Arizona necessary to carry into execution and manage the affairs of this corporation.
 The names of the incorporators of this corporation. with the number of shares subscribed by each. and the amounts subscribed are as follows: