Arizona republican., 1902-01-23

office at Minneapolis and at such other places in suc,t 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.
 ARTICLE. III
 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. selling or otherwise disposinS of such 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 chinery used in the business of mining: acquire, build, maintain, operate and dispose of pipe lines for conveying and conducting water and other fluids: to acquire, hold enjoy and dispose of rights of way for the purpose thereof and for other purposes: build roads and bridges and otherwise connect their holdings with naVigable streams or with roads and other highways.
 It shali also have the power to pur- chase or exchange mining or other cor pora ce stocks: to borrow or loan mone- Gn 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 as may be necessary for the full and complete eX- ecUtion of the purposes set forth above. and for the exercise Of the powers and tra nsa 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 connect it with the commerce of the world.
 ARTICLE ".
 That the amount of the capital stock of this corporation shall be one million five hundred thousand ($l.500 00O) dol lars. divided into one million five hun dred thousa nd G.500. .O0O) shares. of one dollar ($1.O0) each. which when issued shall be fully paid and forever non assessabIe. of which eight hundred thousand CSO0,0O0) shares shall be set part and known as treasury stock. and shah 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 shali 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 Countv Recorder in and for Maricopa County. Territory of Arizona. and certified copy of same with the Secre- tarv of said Territory. and shall term mate al the expiration of twenty-five years thereafter.
 ARTICLE VI.
 That the IuaGement and conduct of til, business 0r this corporation shall be by 2 board of directors of not less than seven nor more thln eleven. who I.r,:st each be d stockholder. That the officers of this corporation shall be a president. a vic" president, a secretary. a treasurer and an attorney. all of whom shall be elected at the annual meeting of stockholders in each year beginning with, December 16, 1902. mo- tice of said meeting to be mailed |" each etockholder Inv the secretary not less than two weeks before the holding of same. The above named officers Ghau also be members of the Board of Directors. which board shall also be elected "t the said annual meeting of stockholders. There shall also be elected at each annual meeting an aud iting committee consisting of three stockholders who shall not he officers. There shall also he q superintendent of ur0perty who shall be appointed by the B0~rd of Directors.
 The first annual meeting of this cor -oration ~haU be held on the third Tuesday in December 1902. and until such annual election the following named persons shall be the officers and directors: Charles c. Laybourn. Pres jdent and Directors; Marvin Quacken- bush. Vice President and Director: w. IT. Ia wson. Secretary and Director; \. W. Force. Treasurer and Director Rcri. n. Smith. Attorney and Director; r.. F.. Murphy. Director; W R. Hodges. Director: Geo. Merchant. Director: J. ". White Director: F. p. Nelson. Di- rector: J. F. McArthur. Director.
 ARTICLE VII.
 That the highest amount of indebt- cdness of this corporation shall not eN- ceed Ten Thousand Dollars. and no contract shall he made for the eXpendi- ture of over Five Hundred Dollars without a vote of a majority 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 I\.
 That these articles may be altered or amended by a two-thirds vote of all stock issued. at any regular meeting or at special meeting called for that purpose after giving at least twenty days notice of the same. said notice stating the purpose for which said spe- Cial meeting is being called by mailing to each stockholder a letter to his last known address. The Board of Direct ors may adopt such bylaws as in it's judgment may be necessary and proper for the government of the corporation. -..-l