Arizona republican., 1902-06-24


 otherwise. lands, mines. or mining claims water rights. wells and con duits for water supply, rights of way for the construction of conduitS for conveying oil or water. as also to sell or lease the same.
 :. To engage in and carry on the business of mining or boring for oils. metals, minerals. coal. gypsum. or any valuable product, and to refine man. ufacture. reduce or render the same salable and marketable or profitable, or to sell the same.
 s. To construct. own and operate its own line of railroad from its proper ties to the nearest connecting rail point. for the purpose of transporting freight and the products of said com pany to and from it's property: also to construct. own. maintain and operate it's own telegraph and telephone lines, and such other means of rapid com munication as may now or hereafter be in existence for the purpose of ia cilitating or aiding in the convenient transaction of the cOmpanY's business; also to construct, own, maintain and operate it's own gas or electric plant for its own or any other purposes whatsoever; also to do and perform all things necessary to transact the af fairs and business of the corporate within and without the Territory of Arizona. and requisite and proper for the purpose of carrying out ali or any of the objects herein specified. and any CT all oi said business can be trans acted to the same extent. purpose and effect as the same or any part thereof could be done by natural person.
 Third. The amount of capital stock shall be the sum of Three Hundred and Fifty Thousand Dollars (S350.000) divided into Three Hundred and Fifty Thousand (35o,0oO shares, of the par value of One Dollar ($D each. which capital stock when issued must be fully paid up and non assessable: pro vided, however that the Board of Di- rectors may issue stock in payment of land purchased or leased, or in pay ment of other valid obligations. and may sell fully paid ul stock for more or less than One Dollar (sD per share. The Board of Directors may sell stock | to provide funds to pay expenses fol i ting and other preliminary | expenses.
 Fourth. That the term for which said corpora tion is to exist is 1 TWENTY-FIVE YEARS (25) from and after the date of it's incorporation.
 Fifth. The highest amount of in- debtedness or liability to which the corporation shall at any time subject itself shall be the sum of One Hun dred- Thousand (S100.0OO) Dollars.
 sixth. The private property of the stockholders of this corporation shall be exempt from all corporate debts anu liabilities of every kind, and -H- stockholders of this corporation are hereby exempted from any liability for the debts or liabilities of this corpora tion.
 Seventh. The business and affairs of this corporation shall be conducted and managed by q Board of Directors l of not less than five (5) nor more than eleven CID members. and in said Board shall be vested the corporate powers of the corporation. The Board of Di- l fectors shall be elected by the stock holders at their annual meetings and shall hold office and serve for one year frcm and after the date of said elec- i tion and until the election of their sue i ceSSOrS.
 Eighth. The Board of Directors shall have power to pass bylaws and make amendments thereto, and the said corporation shall have power to increase or diminish it's capital stocl; by :, two-thiIds vote of the stockhold CTS represented at any regular stock holders meeting or any special meet ing of stockholders called for that pur- pose. and by filing the certificate there of. and by publishing the same in the manner as is provided by law for the recording and publishing of these ar ticles of incorporation.
 i IN WITNESS WHEREOF, we have hereunto set our hands and seals this .S day of May, A. D. 1902.