Bisbee daily review., 1903-07-24

! kinds: to blild, maintain and operate factories and nils in connection there with, and to manufacture such lumber into such articles of use ard mer- chandise as may be essential for its own use and for sale; to construct, operate and maintain electric plants for lighting, motive or other power; to acquire, carry on and undertake all or any part of the business, property and liability of any person, firm or cor poration bearing on any business which this company is authorized to carry on.
 To enter into partnership or into any arrangement whatsoever for shar- | ing profits, union oi interests. corpora tior, joint adventures or otherwise, with any person, firm or company carrying on or engaged in any busi- ness or transaction which this com pany is authorized to carry on; and to lend money to guarantee the contract with or otherwise assist any such persons or company, and to take or otherwise acquire in any manner the shares or securities of any such com pany; to sell. hold, reissue, with or without security. or otherwise deal in the stock. shares. or securities of any such company; to sell, let, develop or otherwise deal ith t.-e same; to sell. let, develop. dispose of or otherwise deal with all or any part of the proper ty or undertaking of the company; to purchase own and hold its own stock; [ opromote any other company. for the purpose of acquiring all or any part of the property or liabilities of such com ! I, saI may seem directly or indirectly 'calcu- lated to benefit this company; to ac- cept shares of stock or obligations of any company as the consideration or part of the consideration for the sale of the whole or part of the business. property and undertaking of the com pany, or connected with any other transaction, and to distribute any such consideration among the members of the company, in specie, or in any such share, stock and obligations in any company, association or society; to borrow money for any purpose of the company, and for the purpose of se- | curing the same Or otherwise, to mortgage or charge all or any part of the property of the company. and to create, make, draw, accept and issue, | debentures. stocks and bills of eX- ! change, promissory notes or other obli- gation or negotiable securities; to in vest lend and deal with the moneys of the company not immediately required, upon such securities, and in such manner as nay be from time to time determined by 75 per cent vote of the stock issued and outstanding; to sell, alienate or otherwise disDose of the entire property and holdings of the corporation when thereunto authorized by vote of at least two-thirds of the capital stock of the company actually issued and outstanding.
 ARTICLE VI.
 The amount of the capital stock au- thorized, ard the time and conditions upon which it is to be paid, are as fol- lows: The amount of capital stock of this corporation shall be Five Mill lion (s5.000,000) Dollars. divided into Five Hundred Thousand (500,000) shares of the par value of Ten Dollars (s10) each, and the same shall be issued when paid for in money, ser vices or property. as the Board of Di- rectors may determine. and when is- sued shall be fully paid and shall be non-assessable.
 ARTICLE VII.
 The maximum amount of indebted ness or liabilities of any kind which this corporation shall be authorized 70 incur at any time Is tke sum of Five Hundred Thousand (s500 000) Dollars, which indebtedness may be incurred at the discretion of the Board of Direct ors, by issuing bonds or other negotia- ble securities or instruments.
 ARTICLE VIII.
 Private property of the stockholders of this corporation shall always be ex- empt from the debts of the corpora tion.
 ARTICLE TX.
 The affairs of this corporation shall be conducted by a Board of Directors consisting of five (5) persons, which number may be increased at the will of the stockholders to any uneven num- Der not exceeding eleven CID. Such directors shall De elected at the regu- lar annual meeting of the stockholders of the corporation, and they shall hold office until their successors are elected , and qualified Provided, however, that until the annual meeting hereinafter provided for. next succeeding the filing
 of these Articles of Incorporation. tie following named persons shall be and : constitute the directors Of this corpor ation: Robert Mitchell. ]. P Tag 7 gart, T. H. Collins, E. J. Parkinson , and c. J. Wheeler. Said directors , shall have the power of electing the , officers of the company. to serve unti their successors are duly elected ana qualified, the same as though said di |. rectors had been elected at regular !, annual meeting, as hereinafter pro ivided.
 :, ARTlCLr <.
 The annual meeting of the stockhold !. CTS referred to in Ar. icle TX shall bt , held on the first Tuccday in April O v each year, at such place, either within Il or without the Territorv of Arizona, a 1 the Board of Directors shall select r. Notice in writing of the time and place 7 of such meeting shall be mailed to thu r last known address of each stock Q holder at least fifteen (15) days befor, il the time of such mees. and a cop. !. of such notice shall be published in F. newspaper of general circulation in tn E County of Cochise. Territory of Ar d zona, in at least two issues of sai If paper. Called or extraordinary meet , ings of the stockholders may be or 10 dered and convened at any time by tn O president when thereunto authorize