Arizona republican., 1902-09-10
APTICTE IT

the time of the fling for record of it's articles of Incorporation in the office of the County Recorder of Marlcopa County, Arizona, and the filing of cer- tified copy thereof with the Secretary of the Territory of Arizona. And shall endure for twenty-five (25) years there after.
 ARTICLE III.
 The general nature of the business or this corporation shall be the mining, milling and treating of gold. silver, copper and other ores; the buying, sell ing, managing and operating of mills. mines, quarries and reduction works in the Territory of Arizona, and the dealing in and disposing of such prop erty and its products.
 ARTICLE ".
 Section 1. The capital stock of this corporation shall be One Million dol lars. ($l. ,0OO) divided into One Mil lion Q 900 00O) shares of the par value of One Dolar ($1 OO) each
 Section :. The capital stock O. this corporation shall be fully paid in cash or it's equivalent in property. labor or services when subscribed, and no stock shah Le issued until fully paid for. Shares of stock issued shall be held and considered as fully paid and shall be on-assessable.
 ARTICLE V.
 Section 1. The affairs of this corpo- ration shall be managed by Board of Directors consisting of three (3) stock holders, who shall be elected annually on the first Tuesday in January by the stockholders.
 Section g. Vacancies in the Board of Directors or officers of this corporation shall be filled for the unexpired term by the remaining members of the Board of Directors.
 Section ,. The officers of this corpo- ration shall be a President. Vice Pres ident, Secretary and Treasurer, who shall be elected annually by the Board of Directors at the first meeting after the annual meeting of the stockholders. The President shall be the chief execu- tive officer of the corporation, and shall have the general management of all its affairs. subject to the approval of the Board of Directors.
 | And until the annual meeting of Jan uary. 1903, the following named persons shall be the Directors of this corpo- ration, viz: F. L. Eddy. Joseph R. ! lowing shall be officers of said corpc- | ra ation, viz. F. l.. Eddy. President; Jo- 1 seph R. Aich, Vice President. and D. A. i Donofrio. Secretary and Treasurer. l Section f. The Board of Directors shall have the power and authority to appoint any other agent or agents to aid in the management of its business. and in conducting the affairs of the corporation that they may deem advis- able and may vest in such agent or agents such powers as they may deem expedient And said Board of Direct ors shall have the power and authority to fix the compensation to be paid to the officers. agents and employees and directors of this corporation.
 ARTICLE VI. Section l. The highest amount Of in- debtedness or liability. direct or con tingent, to which this corporation shall at any time subject itself is the sum of One Hundred Thousand dollars Cs100,- 00O).
 Section 2. The corporation may. by authority of it's Board of Directors borrow money and agree to repay ths same, with interest; but the property of the corporation shall never bt pledged. mOrtgaged or hypothecatec without the direct authority and con- sent of the holders of a majority of tn, stock of this corporation.
 ARTICLE VII.
 The stockholders of this corporation and their private property. shall be ex empt from liability for the corporate debts of this corporation; and th' shares of stock issued as fully paiC shall be forever held and considered as fully paid and non-assessa ble.
 ARTICLE VIII.
 At any meeting of the stockholders. z majority of the issued stock shall con stitute a quorum, and stockholders maI vote by written proxy filed with thu Secretary at or prior to the meeting All stockholders meetings shall be helC at the office of the corporation in Phoe nix, Arizona.
 ARTICLE TX.
 The Board of Directors shall have tn power to make. amend and alter by laws for this corporation, and to mak' all needful rules and regulations for tn management of its affairs IN WITNESS WHEREOF We hay, hereunto set our hands this eighteenth day of August, 1902.
 F. l.. EDDY. JOSEPH R. AICH. D. A DONOFRIO