Bisbee daily review., 1902-07-12


 ARTICLES OF INCORPORATION HEcLA AND ARIZONA GOLD AND
 COPPER MINING COMPANY.
 Know all men by these presents that we. the undersigned, have this day vol untArily associated ourselves together for the purpose of forming corpora tion under the laws of the Territory of Arizona, and we do certify
 l. That the name of the aforesaid incorporators are. William Finn, of Weatherford. Parker county. Texas; J. N. Carroll, of Bisbee. Cochise coun- ty, Arizona; c. T. Clark, of Bisbee, Cochise county, Arizona; and F. w. Howard, of Bisbee, Cochise county, Ari- zona.
 II. That the name of the said cor poration is Hecla ana Arizona Gold and Copper Minning company. and that its principal ofice and place of business is the city of Bisbee. Cochise county. Arizona Territory, and such other places as the board of directors may designate.
 III. That the enterprises. pursuits, business and occupation in which this corporation proposes to engage is: To acquire by location, purchase or other wise, mines of gold, copper, silver, lead, coal and mines of all other kinds and nature whatsoever and to operate the same in the Territory of Arizona. and the state of Sonora. Republic of Mexico.
 To erect and maintain mills, reduc- ton works, concentrators and concen- trating works.
 To operate and maintain any and all kinds of thinning and milling macbin- cry.
 To buy and sell, discount. hold and deal in all kinds of negotiable paper, promisory notes., mortgages. real and personal property, stocks. bonds, city, school, county and Territorial war rants, gold, silver, copper and lead and other kind of bullion and ores
 To buy, sell and deal in all kinds of property. real, personal and mixed; {; buy, manufacture, operate, sell and deal in electrical appliances for driv- ing machinery and as motor power for propelling any and all kinds of mechanical appliances where electrici- ty is applicable. telephone and tele- graph lines and electric lights.
 To transact any and all kinds of business which may be transacted by a natural person; to hold, cultivate, prove up, use and enjoy the same and to alienate, sell. lease, demise and dis pose of the same or any part thereof as well as any other property this cor poration possesses or may be seized of or entitled to; to borrow money and to contract to repay the same at such time or times and with such rate or rates of interest as its board of d. rectors deem proper and see fit; to hy' pothecate. mortgage or pledge all or any property of this corporation and all or any part of the property which this corporation may hereafter acquire to secure payment of such money with interest, or to secure the payment oi any debt of this corporation with such interest thereon as it may be legally obligated to pay.
 4. The amount of the capital stoch of this corporation shall be One Mil lion Dollars (1,0o0 ,000,) divided into one million shares (1,000 ,000) of the par value of One Dollar ($1.00) pel share each, and the time when and the conditions upon which it is to be paid are as follows, to-wit: The whole thereof immediately upon making the subscription therefor; and said shares shall be non-assessable thereafter.
 5. The amount of the par value oi each share of the capital stock of this corporation shall be One Dollar ($1.00) and the stock non-assessahle--
 G. The highest amount of indebted. ness or liability, direct or contingent, to which this corporation is at any time subject is two-thirds of the amount of the capital stock paid up and issued.
 tion and their private property shall be exempt from the corporate debts oi this corporation.
 8. The affairs of this corporation are to be, and shall be, conducted by a board of directors. consisting of seven persons, .who shall be elected annually by the stockholders on the first Mon day in October of each year and all oa whom shall be subscribers to the cap itso stock of this corporation, and hereafter no person shall be eligible to the once of director unless he IS . stockholder sd the corporation; pro vided that said board of directors mey elect such oficers and appoint such committee or committees from their own members to aid in the manage meut of the business and in the con- duct of the affairs of the said corpora tion. as they may see ft, annd vest in such officers and committees all such powers as they may deem cxpedient.
 The following named persons. who arc subscribers to the capital stock of this corporation shall constitute the board of directors of this corporation unfdl the first Monday in October of