Arizona republican., 1902-07-14

tiers patent rela ting to and incident to |
the mining. milling and smelling of
ores: to buy. SELL own. use and control
real estate, water rights. power. mill
sites, machinery, appliances, fixtures,
buildings. stock of other corpora lions,
letters patent and Inventions: to con- |
duct and carry on a general mercantile
business; to borrow money, issue
bonds, and to mortgage, pledge or 9TH
| erwise dispose OF any and all of its |
corporate property and to do any and
all things, and to acquire all property, |
| real and personal, which may be re- |
ouired and necessary to carry into eff |
feet the objects for which this said cor
poration is formed.
! ARTICLE III.
The capital stock of this corporation
is, and shall be Two Million ($2,000.- |
OOO 0O) Dollars, divided into Two Mil |
| lion g. 900, 000) shares of the par value |
of One ($1 .00) Dollar each. and at such
times as the Board of Directors may
by resolution direct, said capital stock
may be paid into this corporal ton,
either in cash or by the sale and trans
fer to it of real or personal property
for the use and purposes of said cor
poration, in payment for which, shares
of the capital stock OF said corporation
may be issued. and the capital stock so
issued shall thereupon and thereby be-
come and be fully paid up and non-as-
sessa BILE, and in the absence of actual
fraud in the transaction, the Judgment
of the directors as to the value of the
property purchased shall be conclusive.
ARTICLE ".
The time of the commencement of
| this corporation shall be the day upon
which these Articles of Incorporation
shall be filed for record in the office of
! County Recorder of said Maricopa
County Arizona Territory, and the
time of the termination of this corpo
ration shall be twenty-five (25) years
thereafter: and it may acquire, own
and hold property and transact its
business and exercise all its powers
] in any portion of North America.
ARTICLE V.
The affairs of this corporation shall
be conducted by Board of Directors,
seven ca in number, who shall be
stockholders in said Company. and the
following shall constitute the Board of
Directors, who shall hold their offices
till the second Monday in January,
1903, and until their successors are
elected: Samuel c.. Rogers, Newton
Higbee. Ira c. Logan, William A.
Crawford. William H. Barnhart. L.
, Bradley Dorr and Charles D. Black
!; hall.
Thereafter the Board of Directors
shall be elected from among the stock
holders as the bylaws of the corpora
ton may provide, at the annual meet
ing of stockholders, which shall be
held End Monday in January, 1903 and
annually thereafter.
ARTICLE VI.
The stockholders of this corporation
and their private property shall be eX-
: empt from liability for corporate debts
of this corporation. and the highest
amount OF Indebtedness or liability to
which this corporation shall at any
time subject itself, direct or contin-
gent, is the sum of Two Hundred
Thousand t$20O, 100000 Dollars.
ARTICLE VII.
, The Board of Directors shall have
the power to appoint all necessary at
torneys, agents and servants of the
! corporation and to esta blish and
/ amend bylaws, rules and regulations
deemed necessary for the mana cement
, of the Company, not inconsistent with
the laws and these articles. to create
: the office of President, Vice President,
Secretary and Treasurer and General
Manager and such other offices as may
be deemed necessary.
If any vacancy occur on account of
sickness, death or from any other
cause in the Board of Directors, such
vacancy may be filled by the remaining
members of the Board.
j., IN WITNESS WHEREOF, the in
v corpOrators hereof have hereunto set
their hands this - day of June, A. D.
q 1902
f WILLIAM H. BARNHART
} SAMUEL c. ROGERS
4 IRA c. LOGAN.
/. | State of New Ynrl,