Arizona republican., 1902-10-23

ment or water by drilling or other methods; the purchase, sale and leas-
 ing of lands supposed to contain oil 1 asphalt and natural gas, the drilling for same and the constructing, owning and operating of pipe lines, fumes, con duits and reservoirs for storage of same; the building leasing, operating
 and owning of smelters in the United
 States and the Republic of Mexico; the
 buying, selling and leasing of agricul-
 tural, timber and mineral lands, ores.
 mines, bullion, mining machinery, min ing supplies; the construction, opera | tion and ownership of wagon roads. railways, tramways, vessels, tanks, reservoirs, warehouses and other fa- cilities for transportation of all arti- 1 cles for use in commissary and general stores, mines. smeters and the means of transportation of the products there of; the construction and operation of telephone and telegraph lines and othe. means of communication; the buying
 and dealing in personal property and merchandise; the owning and con iuct-
 ing of general stores dealing in all kinds of supplies and merchandise; to make
 contracts, to purchase, lease bond,
 bond, locate or otherwise acquire. own
 exchange, sell or otherwise dispose of.
 pledge. mortgage, hypothecate and deal
 in real estate and any and all kinds Of
 personal property, mines, mining
 claims, oil lands, mineral lands. oil,
 gas, asphaltum, petroleum, asbestos,
 salt stone, onyx and marble; water
 and water rights and machinery; to
 work, mine, explore, operate and de-
 Velop the same; to do a general real
 estate, manufacturing and mercantile
 business; to own, handle and control
 letters, patents and inventions and shares of capital stock of other cor porations; to borrow money and exc cute notes, bonds, mortgages or deeds of trust to secure the same. and to eX- ercise in respect of all such bonds, mortgages, notes, shares of stock and other securities and obligations and any and all rights, powers and privi- leges of individual owners thereof, in- cluding the right to vote upon any shares of stock held by it to the same extent that a natural person might or could do; and, in general, to do all things necessary to the proper conduct of the business |. of this corporation in the territory or elsewhere, not incon- sistent with the laws of the United States and the territory of Arizona.
 Third: The authorized amount of capital stock of this corporation shall Ee one million, two hundred and fifty thousand dollars 1,25OOOO) divided into five million (5,000,0oG) shares of the par value of twenty-five cents (s025) each | in the United States coin.
 At such time as the Board of Direc- ! tors may by resolution. direct, said capital stock shall be paid into this ! corporation, either in cash or by sal. 1 and transfer to 1t of real or personal 1 property for the uses and purposes of | said corporation, in payment for which i shares of the capital stock of said cor | pOratiOn shall be issued, and the capital | stock so issued shall thereupon and ! thereby become and be fully paid up ! and non-assessabl ble, and, in the absence 1, of actual fraud in the transaction, the | judgment of the directors, as to the ! value of the property purchased, shall | be conclusive.
 Fourth: The time of the commence | ment of this corporation shall be tha | date of the filing of these Articles of i Incorporation in the office of the Secre- | tary of Arizona, and the termination | thereof shall be twenty-five years | thereafter.
 Fifth: The affairs of this corporation | shall be conducted by a Board of Five | (5) Directors and the following named | shall constitute a board until their sue | cessors are elected:
 s. P. Anderson, Albert Chapelle, B. | G. Adams, F. J. Gavin. Paul Gray.
 Thereafter the Board of Directors | shall be elected from among the stock ] holders, as the bylaws of the corpora | tion may provide. The officers of said | corporation until their successors are | elected shall be: |
 Albert Chapelle, president: B. G. | Adams, vice president; H. J. Gavin. | secretary; s. P. Anderson, treasurer.
 Sixth: The highest amount of indebt- 1 edness or liability, direct or contin- gent, to which this corporation is at | any time subject shall be seven hun | dred and fifty thousand dollars (s75o,- | C00), which amount does not exceed | three-fifths the amount of the capital | stock
 Seventh: The private property of the ! stockholders of this corporation shall | be exempt from it's corporate debts of any kind whatsoever.
 In witness whereof, we have here l unto set our hands and seals this 17th 1 day of July A. D.. 1902.
 ALBERT CHAPELLE (SeaD.
 H. J. GAVIN (SeaD.
 SAM'L P. ANDERSON (SeaD.
 BURTON J. ADAMS (SeaD.
 PAUL GRAY (SeaD.