Arizona republican., 1902-01-22

once at Minneapolis ana at such other places in suc,. other states and terri tories as shall in the judgment of the ! Board of Directors seem necessary for the proper conduct of it's business. 1 ARTICLE III. 1 That the object of this Corporation. and the business to be transacted by it. is the locating and purchasing or ! leasing of mines and mineral lands. and opening, equipping. operating, leasing. 1 selling otherwise disposiug of such 1 mines and lands. It shall have the power to construct tunnels. sink shafts, | locate mill sites, construct and estab- | fish mill buildings, install machinery; own. and operate stamp mills. and ma l chinery used in the business of mining: acquire, build, maintain. operate and dispose of pipe lines for conveying and | conduct cting water and other fluids; to | acquire, hold, enjoy and dispose of l rights of way for the purpose thereof and for other purposes; build roads and l bridges and otherwise connect their | holdings with navigable streams or ! with roads and other highways. 1 It shall also have the power to pur- chase or exchange mining or other cor porate stocks: to borrow or loan mone.' 1n reliable security: to purchase. sell and deal in sureties. bonds and stocks | of every description: and generally to acquire manage. hold and improve and dispose of real and personal property. ! and do such other things may be necessary for the full and complete eX- | ecution of the purposes set forth above. and for the exercise of the powers and l transa Ction of the business of the cor poration, including mining. manufac
 turing and road building. for which we | have hereby associated ourselves: and to do any and all things necessary to carry on the aforesaid business and to | ccnreCt 1t with the commerce of the world.
 ARTICLE ".
 | That the amount of the capital stock of this corporation shall be one million | five hundred thousand (s1.500. .00O) dol | lars. divided into one million five hun dred thousand q 300, GOOD shares, of one | dollar (Sl.O0) each. which when issued shall be fully paid and forever non | assessable, of which eight hundred l thousand $500. .00O) shares shall be set a apart and known as treasury stock. and | shall not be voted while held as such. but when sold and entered upon the books of the Corporation. and cash. stock or other property received for same. then the shares so sold shall have the same voting power that each | and every other share has. | ARTICLE V.
 | That this corporation shall begin | business on the date of filing of these articles of incorporation with the ! County Recorder in and for Mar:copa l County. Territory of Arizona. and certified copy of same with the Secre- tary of said Territory. and shall term mate at the expiration of twenty-five years thereafter.
 ARTICLE VI.
 1 That the management and conduct of | the business of this corporation shall be by a board of directors of not less | than seven nor more than eleven. who must each be a stockholder. That the | officers of this corporation shall be president, a vice president. a secretary. | q treasurer and an attorney, all of whom shall be elected a the annual meeting of stockholders in each year | beginning with December 16. 1902, mo- ! tice of said meeting to be mailed to ! each stockholder by the secretary not | less than two weeks before the holding of same. The above named officers | shall also be members of the Board of Directors. which board shall also be | elected at the said annual meeting of 1 stockholders. There shall also be | elected at each annual meeting an aud iting committee consisting of three | stockholders who shall not be officers. | There shall also be a superintendent of ! rroperty who shall be appointed by the | Board of Directors.
 1 The first annual meeting of this cor nora ticn shall be held on the third | Tuesday in December. 1902. and until | such annual election the following n"r'ed persons shall be the officers and directors: Charles G. sLaybourn. Pres | ident and Director: Marvin Quacken- | bush. Vice President and Director; ". IT. Dawson, Secretary and Director: A. w. Force. Trea9 a9urer and Director;
 peri D. Smith. Attorney and Director;
 r. F. Murphy. Director; W. R. Hodges. Director: Geo. Merchant. Director; J. ". White. Director: F.. P. Nelson, Di- rector; J. r. McArthur. Director.
 ARTICLE VII.
 That the highest amount of indebt- ednesS of this corporation shall not eX-
 ceed Ten Thousand Dollars. and no
 contract shall be made for the eXpendi-
 ture of over Five Hundred Dollars
 without vote of a ma jority of the Board of Directors in favor of such ex- penditure.
 ARTICLE VIII.
 | That the private property of each
 and every stockholder of this corpora
 tion shall be exempt from all corporate
 debts.
 ARTICLE TX.
 That these articles may be altered or
 amended by a two thirds vote of all stock issued. at any regular meeting or
 at Q special meeting called for that
 purpose after giving at least twenty
 days notice of the sane. said notice
 stating the purpose for which said spe-
 cial meeting is being called by mailing
 to each stockholder letter to his last
 known address. The Board of Direct
 DTS may adopt such bylaws as in it's
 Judgment may be necessary and proper
 for the government of the corporation.
 and it's officers, and may alter or amend
 the same from time to time such al-
 terations ana amendments seem to
 them necessary.