Arizona republican., 1902-12-28

claims, salt, water and water rights and machinery and to work, mine, ex- plore, operate and develop the same; to do a general real estate, manufactur- ing and mercantile business; to own, handle and control letters patent and inventions and shares of capital stock of other corporations, to borrow money and execute notes, bonds, mortgages or deeds of trust, to secure the same and to exercise in respect to all such bonds, mortgages, notes, shares Of cap- ital stock and other securities and ob- legations, any and all rights, powers, privileges of individual owners thereof, including the right to vote upon any shares of stock held by it to the same extent that a natural person might or could do; to construct, erect, build, buy, sell, operate or dispose of bridges, water works, smelters, concentrators or other property, to construct, erect, build, buy, sell, operate, and dispose of any rail- road, tramway, turnpike or canal as may be necessary to lead from the principal works or place of business of the corporation to any existing navi- gable stream or any existing railroad. turnpike or public highway and to do all and every act ana thing necessary, incident or pertaining to the foregoing articles of incorporation and in gen eral to do all things necessary and proper in the conduct of the business oi this corporation in the Territory of Arizona or in any other Territory or | State or district of the United States Of America, or in any foreign country not inconsistent with the laws or the | United States and the Territory ol Arizona.
 ! Third: The authorized capital stock of this corporation shall be One Mil | lion Dollars G1 ,OO0. .0O0.O0) divided into one million 100000 shares or the pal value of One Dollar C$1.OO) each. Al such times as the Board of Directors may by resolution direct. said capita stock shall be paid into this corpora, ton either in cash or by the sale, ol | transfer to it of real or personaI prop. erty for the uses and purposes of sait corporation, in payment of which shares of the capital stock of said cor. poration may be issued and the capita stock so issued shall thereupon ant thereby become and be fully paid uI l of actual fraud in the transaction, the Judgment of the Board of Directors a. to the value of the property purchased shall be conclusive.
 Fourth. The time of the commence. ment of this corporation shall be tn, date of the filing of these articles o incorporation in the office of the Secre tary of State of Arizona and the dura ton thereof shall be twenty-five (25 :, years.
 
 i Fifth: The affairs of this corpora ton shall be managed and conducted by a board of directors, who sha! be elected on the first Tuesday in tn, month of October in each year and tn, officers of this corporation shall be president, vice president secretary treasurer and attorney. The following named shall be the board of director for the year ending the first Tuesda! in the month of October, 1903, and unti their successors are elected and quail fled: Louis C. Masten, c. H. N. Luhrs J. M. Swetnam, Arthur T. Edwards C $. Scott, and the officers of said corpo ration for the year ending on said frs | Tuesday, and until their successors ar elected and qualified, are Louis c. Mas ten, president; G. H. N. Luhrs, vice president; J. NJ. Swetnam treasurer Arthur J. Edwards, attorney, and C. : Scott. secretary.
 Sixth: The highest amount or in debtedness or liability, direct or con tingent, to which this corporation is a any time subject, shall be One Hun dred Thousand (s1O0, ,O0OOO) Dollars which amount does not exceed two thirds (2-3) of the amount of the cap ital stock.
 Seventh. The private property of tn stockholders of this corporation shal be exempt from the corporate debts O any kind whatsoever.
 IN WITNESS WHEREOF, We hay hereunto set our hands and seals thi 2nd day of October, 1902
 JAMES NJ. SWETNAM. CSeal
 LOUIS C. HASTEN. (Seal Territory of Arizona,
 County of Maricopa,ss.
 On this 2nd day of October. ;n tn year 1902, before me, M. P Hutchinsor ] Notary Public in and for said count and territory. residing therein, duI commissioned and sworn, personaiI appeared Louis c. Masten and J. M Swetnam, known to me to be the per sons whose names are subscribed ( this instrument, and they acknowi f edged to me that they executed tn same for the purposes therein ex pressed.
 IN WITNESS WHEREOF I nav hereunto set my hand and affixed m official seal the day and year in thi instrument first above written.
 (SeaD M. P. HUTCHINSON,
 Notary Dt1blip