Arizona republican., 1903-01-26

which meetings of the Board of | Directors may be held and the corpo- ration may have such branch offices either within or without the Territory of Arizona as may be established by the Board of Directors.
 Second: The general nature of the 1 busienss proposed to be transacted by i this corporation is as follows, to-wit i To make contracts, to purchase, lease. bond, locate or otherwise ac 1 quire, own, exchange, sell or otherwise ! dispose of, pledge, mortgage, hypothe- ! cate 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, water and water rights | and machinery, and to work, mine, | explore, operate and develop the same; | to do d general real estate, manufac- 1 turing and mercantile business; to own, handle and control letters patent and 1 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 of all such | bonds, mortgages. notes, shares of cap ital stock and other securities and ob- 1 legations any and all rights, powers ! and privileges of individual owners thereof including the right to vote upon any shares of stock held by it 10 the same extent that natural per son might or could do; and in general to do all things necessary to the proper conduct of the business of this corpo- ration in the Territory and elsewhere, not inconsistent with the laws of the ! nd nf Arizona.
 Third: The authorized amount of capital stock of this corporation shall be Three Million dollars ($3,OOO. 900 OO) 1 divided into three million (3OO0.0OO) shares of the par value of One Dollar 1 Cs100) each. At such time as the Board of Directors may by resolution direct. said capital stock shall be paid into | this corporation either in cash or by the sale and transfer to it of real or personal property for the uses and purposes of said corporation, in pay ment for which shares of the capital stock of said corporation may be is sued, and the capital stock so issued | shali thereupOn and thereby become | and be fully paid up and non-assess- able, 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 conclu- sive.
 Fourth: The time of the commence ment of this corporation shall be the date of the filing of these Articles of | Incorporation in the office of the Sec retary of Arizona, and the termina- ton thereof shall be twenty-five years | thereafter.
 Fifth: The affairs of this corpora tiOn shall be conducted by Board oi nine Directors and the following named shall constitute the Board of Directors until their successors are elected: Will | liam Herrick, William C. Thorne, Will liam s. Mason. Ben NJ. Smith. Eugene H. Clarke, Otto H. l.. WernicEe. Irwin F. Rockwell, William H. Watt, and | Charles R. Carpenter. Thereafter the l Board of Directors shall be elected l from among the stockholders as the bylaws of the corporation may pro- vide. The officers of said corporation until their successors are elected shall be: William Herrick. President: Will liam s. Mason, Vice President; Eugene H. Clarke, Secretary; Charles R. Car penter. Treasurer.
 Sixth: The highest amount of in- debtedness or liability, direct or con- tingent, to which this corporation is at any time subject shall be Two Million dollars (s2, COG, ,O00.OO). which amount does not exceed two-thirds the amount of the capital stock.
 Seventh: The private property of the stockholders of this corporation shall be exempt from corporate debts of any kind whatsoever.
 IN WITNESS WHEREOF, we have hereunto set our hands and seals this 27th day Of December. 1902.
 WILLIAM s. MASON. (SeaD
 REIN NJ. SMITH. (SeaD
 EUGENE II. CLARKE. CSeaD
 IRWIN F. ROCKWELL. (SeaD
 w. HERRICK. (SeaD State of Illinois,
 County of Cook, ss.
 On this 27th day of December, in the year 1902 before me, Arista B. Williams a Notary Public in and for the State and County aforesaid, residing therein duly commissioned and sworn, person ally appeared William Herrick, Eugene II. Clarke, Irwin F. Rockwell. William g. Mason and Ben M. Smith, known to me to be the persons described in, whose names are subscribed to- and who executed the annexed instrument and they acknowledged to me that they executed the same for the purposes and considerations therein expressed.
 IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal. at my office in the said State and County, the day and year last above written.
 ARISTA F. WILLIAMS. CNotarial Seal) Notary Public
 Notary Public
 My commission expires Nov. 7th, 1906 Territory of Arizona,
 County of Maricopa, ss.
 I. B. r. McFall, County Recorder in and for the County and Territory ! aforesaid, hereby certify that I have compared the foregoing copy with the original Articles of Incorporation of the IDAHO CONSOLIDATED MINES COMPANY LIMITED. filed and re- corded in my office on the 31st day of December. 1902. in book No 13 of In corporations, at page -, and that the same is a full, true and correct copy of such original and of the whole thereof