Arizona republican., 1902-01-18

places in such other StStes and terri tories as shah in the judgment of the Board of Directors seem nee essary 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 O. leasing of mines and mineral lands, and opening, equipping, operating. leasing. selling or otherwise 6isposing of such mines and lands. 1t shall have the power to construct tunnels. sink shafts. locate mil 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 navisable streams or with roads and other highways,
 IL shall also have the power to pur- chase or exchange mining or other cor pcr6te stocks. to borrow or loan money Gn reliable security; to purchase, sell and deal in sureties. bonds and stocks Of every descriptions: 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 transa action of the business of the cor poration. including mining. manufac- turing and road building, for which we have hereby associa ted 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 ".
 2 That the amount of the capital stock of this corpora ton snail be one million five hundred thousand Cs1,500,0 ,0G0) dol lars. divided into one million five hun dred thousand Q.5OO.O00) shares, of one dollar ($1.OO) each. which when issued shall be fully paid and forever non assessable. of which eight hundred thousand CSGO. O.0OO) shares shall be set apart and known as treasury stock, and shall 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 shall 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 County Recorder in and for Maricopa County Territory of Arizona. and certified copy of same with the Secre- tary Of said Territory. and shall term mate ft the expiration of twenty-five years thereafter
 ARTICLE VI.
 That the mana cement and conduct or the business of thie corpora ton shall he by board of directors of not less tnan seven nor more thHn eleven. who ,,7ret each he q stockholder. That the officers Of this corporation shall be a nro-idcnt. 2 vice president. a secretary a treasurer and an attorney, all Of whom shall be elected at the annual -,1e~tine. Of stockholders in each year faeiprfng with December 16. 1902. mo- iicc Of said meeting to be mailed tN each ctockholder hv the secretary not lees than two weeks before the holding oC ~0ire. The above named officers ~haIl olso be members of the Board 3f Directors. which board shall also be elected - the rnid annual meeting of stockholders. There shall also he elAoted at each annual meeting an aud- itinr committee consisting of three ~tockholders who shall not be officers There shall also be 9 superintendent Of property who shall be appointed by the Bo7rd of Directors.
 The first annual meeting of this cor noraticn shall 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 G Laybourn. Pres ident H1d Director; Marvin Quacken- hush. Vice President and Director; w V. na wson. Secretary and Director; A w. Force. Treasurer and Director; p.eri. n. Smith. Attorney ?ud Director; F. F. Murphy. Director; w R. Hodge Director: Geo. Merchant. Director; J. tV. White Director: F. p. Nelson. Di- rector: J. F NcArthur. Director
 ARTICLE VII.
 That the highest amount of indebt- edness of this corporation shall not eX- ceed Ten Thousand Dollars. and no contract shall be made for the expendi- ture of over Five Hundred Dollars without a vote of majority of the Toard of Directors in favor of such eX- penditure.-
 ARTICLE VIII.
 That the private property of each and every stockholde- of this corpora ton shall be exempt from ali corporate debts.
 ARTICLE IN.
 That these articles may be altered or amended. bv a two-thirds vote of all stock issued. at any regular meeting or at q 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 its judgment may be necessary and proper for the government of the cooperation nd it's officers. and may alter or amend the same from time to time as such 3l- toratious and amendments seem to