Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1902-07-15

handle and control inventions and let
ters patent relating 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 tons,
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 rarsonal, which may be re-
quired and necessary to carry into eff
feet the objects for which this said cor
p0ration is formed.
ARTICLE III.
The capital stock of this corporation
is. and shall be Two Million ($2, 000,-
GCO.OO) Dollars, divided into Two Mil
lion g coo, 00O shares of the par value
of One ($1.GO) Dollar each, and at such
times as the Board of Directors may
by resolution direct, said capital stock
may be paid into this corporation,
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 fer 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-
sessable, 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 0: North America.
ARTICLE V.
The affairs of this corporation shall
be conducted by a Board of Directors,
seven Cd 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 \.
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
|
held End Monday in January, 1903, and
annually thereafter.
ARTICLE VI.
The stockholders of this corpora ton
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 Cs2oO, 0OO.OO 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 establish and
amend bylaws, rules and regulations
deemed necessary for the management
of the Company. not inconsistent with
the laws and these articles. to create
the office of President Nice-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 III the Board of Directors, such
vacancy may be filled by the remaining
members of the Board.
IN WITNESS WHEREOF. the in
corporators hereof have hereunto set
their hands this - day of June, A. d
1902
WILLIAM Il. BARNHART.
SAMUEL c. ROGERS.
IRA c. LOGAN.
State OF New York,
County of Erie S.
Before me, John A Van Arsdale. 4
Notary Public in and for said County
New York State, on this day person
ally appeared William H. Barnhart
Samuel c. Rogers and Ira c. Logan
known TO ne to be the persons whose
names are subscribed to the foregoing
instrument and acknowledged to me
that they executed the same for the
purposes and considerations therein
expressed.
GIVEN under my hand and seal o