Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1902-06-01

to use such motive power as may lie
deemed best.
9th: To invest its funds or property
! in the capital stock of and become
stakeholder in any other corporation
formed or to be formed or in the bonds
of such corporation; and To retain or
dispose OF such stock and bonds in
Whole or in part at pleasure.
| 10th: To consolidate and amalga-
mate itself with any other corporation
or corpora lions by Il two thirds vote Of
the stockholders of each of such corpo-
ratiOnS and form one general company
under such name and style as may be
Iagreed upon; and to issue and appor-
ton the stock of such consolidated cor
porations as may be agreed upon by
said two thirds of the stockholders in
each of said corporation And to take
up if deemed proper and best the indi-
Vidual stock OF each company and %
replace it with the stock of the general
company in such manner and amount
as may be agreed upon by said two
thirds of the stockholders.
| l1th. To lease and purchase. and to
hold and own the real, personal or
mixed property or stock, or franchise
of other corporations; and to pay for
other property, or by an issue of its
own stock or otherwise on such terms
ard in such amounts, and upon such
conditions as such corporation may
deem best: acting by and through is
stockholders in convention assembled,
or by its Board of Directors. they haV-
ing been fully authorized to act in the
premises.
I2th To do all things pertaining to
or connected in any way with a gem
eral mining. reduction and smelling
business.
18th: To buy, and sell ores. mills
and other furnace products: to slnelt
and reduce lead, gold, silver, copper
and other ores and refine bullion: 10
manufacture lead. copper. iron and
other products and articles of mer-
cilandise; and to ID general smelling.
refining metallu:gical and manufac-
turing business.
! 18th: To erect necessary buildings.
mills. machinery and appliances and
purchase materials for the proper
! working thereof.
18th: To purchase, lease, bond, To-
i cate or otherwise acquire. own, eX-
change. sell or otherwise dispose Of,
pledge. mortgage, hypothecate nd
Geal in reel estate and any AID all
kinds OF personal property. mines, min
ing claims. oil lands. mineral lands. oil
and gas. petroleum. water and water
rights and machinery and TO work.
mine. explore, operate and develop the
same.
10th: To do Il general real estate,
manufacturing and mercantile bust
: ness: to own, handle and control letters
| t.
. money, execute notes. bonds. inort-
cages or deeds of trust to secure the
same and to exercise in respect of all
such bonds, mortgages, notes shares OF
capital stock. and other securities and
: obligations. any and all rights. powers
and privileges of individual owners
thereof, including the right to vote
upon any shares of stock held by it. &c
the same extent that natural person
might OF could do; and in general TO dc
all things necessary, proper or requi-
site TO the proper conduct OF the bust
ness of this corporation; and to carry
into effect the various objects afore-
said in the United States, its Terri
tories. Mexico and elsewhere not IN
consistent wiki the laws of the United
States and the Territory of Arizona.
Sixth: The authorized amount oil
capital stock of this corporation shat
be and is Two Million Dollars ($2, DOE
OG0.9O) divided into two million shares
of the par value of one dollar 81 90,
each.
At such time as the Board of Direct
, Crs may, by resolution direct. said cap
. ital stock shall tie paid into this corpO-
I ration, either IN cash or by the sale ein(
transfer to it Of real or personal prop
erty. for the uses and purposes OF sale
, corporation. in payment for viii i
shares of the capital stock of said cor.
. poration may be issued, and the capits,
6 stock so issued shall thereupon an
thereby become and be fully paid III
j, and non-as sessabl And in the a.
- sence of actual fraud in the transac
n ton the judgment of the directors as t,
y the value of the property purchase,
/ | shall be conclusive.
n Seventh: The highest amount of in
II debtedness or liability, direct or con
V tingent, to which this corporation is :,
+ any time subject, shall he one million
d two hundred thousand dollars Isl 200,
100000.
h Eighth: The private property of tn
It stockholders and directors of this coz
= poration shall be exempt from corpo
W
= In Witness Whereof, we have lere
e unto set our hands and seals thi
If twelfth day OF May, 1902.
n w. ]. ROOT. (Seal
s D. n. CLIPPINGER. (Seal
FRANK WILLIAMS. (Seal
= State OF Illinois,
If County of Cook, SIS.
s On this Twelfth day of May in II
e year Nineteen hundred and two 0902
: before me, Ward 3. Sawyer. Notar
j. Public in and for the county aforesaid
: residing therein, duly commissions
and sworn, personally appeared w. ,
Root, d. y. Clppinger and Grant Wi
liarns, known to me to be the person
described in. whose names are affiXe
s to and who executed the annexed il
is strument. and they acknowledged I
v me that they executed the same IL
the purposes and considerations the-e
is in expressed.
s, In Witness Whereof. l have hereuht
set my hand and affixed my official q:
D at my office in the said County an