The news-herald., 1902-04-05

| be transacted is acquiring possession
and title to mineral and oil lands, either
by purchase. bond or lease Of same, and
the disposal of the same by sale, lease
or bond. The development Of lands ac-
quired by sinking shafts, wells, or by
drifting tunnels or drifts the erection
of buildings, hoists, warehouses, fac
| tories, furnaces or mills necessary to
the proper conduct Of the business Of
the corporations; the construction or
! purchase of trans and other roads.
! pipe lines, fumes, bitches, canals, and
every other thing necessary to the
proper conduct Of the business OF the
corporation The buying and selling Of
| merchandise, oils, minerals, metals,
| timber, lumber or agricultural prod
ucts. The right to do any and oil acts
not inconsistent with the laws of Ari-
zona made and provided for the gov
| ernment Of corporations.
ARTICLE III.
| The amount of the capital stock Of
| said corporation is $500, ,000G0; the num-
Der of shares into which it is divided is
100000 Of the par value of $1.00 each.
Said capital stock shall be paid for al
such times and in such manner as the
board OF directors shall determine and
authorize; and whenever said stock is
issued, it shall be considered as fully
paid up and thereafter shall be non
assessab1e for any purpose, by this
corporation.
ARTICLE "
The time of the commencement Of
this corporation shall be the date OF
-
in the Office of the Secretary Of the
Territory Of Arizona.
ARTICLE V.
The affairs of this corporation shall
be conducted by hoard OF not less
than three, nor mere thar nine direct
ors, who shall be elected annually by
the stockholders on the first Monday in
January of each year.
This corporation shall also have the
right to hold quarterly meetings at any
time or place designated by the board
Of directors: and until the first annual
election, and until their successors are
duly elected and qualified, the follow
ing named persons shall constitute the
officers and directors: Charles Flem-
ing, President; James P. Fleming,
e-President; John Gray, Secretary
and Treasurer.
ARTICLE VI.
The officers Of this corporation shall
be a president vice-president, secre-
tary and treasurer, who shall be elect
ed annually by the board of directors
at such time as may be, by the bylaws
Of this corporation designated; provid
ed that the president and vice president
shall be elected from among the board
of directors and the secretary and
treasurer may be elected from the
stockholders or the board of directors.
ARTICLE VII.
The directors of this corporation
shall hold office for the period of one
year after their election, and until their
successors are duly qualified and
elected.
ARTICLE VIII.
The highest amount of indebtedness
or liability to which this corpora tion is
at any time to subject ITSELF direct or
contingent, is the sum of one hundred
thousand dollars ($100,00O).
ARTICLE TX.
The stockholders Of this corporation
and their private property shall be ex-
empt from the corporate debts of this
corporation, and from any and all liza
bility therefor.
ARTICLE x.
The board of directors shall have
power to e-tablish bylaws and to make
all rules and regulations deemed ex-
pedient for the management of the cor
porate business and affairs.
ARTICLE XI.
These articles of Incorporation may
be amended at any regular or special
meeting OF the stockholders by a ma
jority of the stock voting in favor of
the amendment; and whenever such
articles shall be signed and acknowl
edged by the president, and attested by
it's secretary, and recorded, they shall
have the same effect as though they
had been signed and accepted by all the