Bisbee daily review., 1903-08-20

ness of said corporation within the terri tory Of Arizona is to be transacted IS Blsbee, Cochise county, Arizona. The principal place of business of this cor poration outside of the territory of Ari- zona shall be the village of Calumet county of Houghton, and state of Mich gan. at which meetings of the Board of Directors may be held. and the corpora ton may have such branch offices. either within or without the territory of Arizona as may be established by the
 III
 The general nature of the business pro- posed to be transacted by this corpora ton is as follows, to-wit
 To make contracts; to purchase. lease, pond, 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. asphalt um, petroleum, asbestos. salt. water and water rights and machinery, and to work. mine. explore, operate and de- yeiop the same; to do a general real state. manufacturing 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 Of all such bonds, mortgages, notes. shares of capital stock and other securities and and privileges of individual owners thereof including the right to vote upon any shares of stock held by it, to the same extent that 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 of Arizona and elsewhere, not inconsistent with the laws of the United States and the territory of Arizona.
 W.
 The amount of the capital stock of this corporation shall be Five Hundred Thou sand ($500O00) Dollars. divided into Fifty Thousand G0.000 shares of the par valne of Ten Dollars (Si0 OO) each And at such time as the Board of Directors may by resolution direct. said capital stock shall he paid into this corporation, either in cash, by the sale and transfer 10 It oi real or personal property for the uses and purposes of said coronation. in pay ment for which shares of the capital stock of said corporation may be issued and the capital stock SO issued may or may not. as said directors may deter mine. thereby and thereupon become and be fully paid up and md non-assessabie.
 The time of the commencement of this corporation shall be the date of the filing of these Articles of Incorporation in the the termination thereof shall be twenty five years thereafter.
 e. The affairs of this corporation are to he conducted by board of eleven di- rectors and the following named are to constitute the Board of Directors until their successors are elected SarIGs F Chevnoweth. R Skin Shelden. Archibald J Scott Thomas Maslin. James l.. Nau- kervis Arthur r Seaman. Louis H Richardson. Joseph c. Weissmiiier and Joseph G Bertrand. Thereafter the Board of Directors shall Q selected from among the stockholders. IS the bylaws of the corporation may provide. The officers of this corpol ation until their s,,ccessnrs are elected shall be: Carlos D. Shelden. president; Henry J. Vivian vice president: James | Naukervis sec retary and James L. Naukervis. treas urer.
 VII.
 The highest amount of indebtedness or liability. direct or cOUtlncent to when his corporation is at any time subject shall he Three F':n1rei Thousand Do!- ars which amount does not exceed two thirds of the amount or the capital stock of such corporation.
 VIII
 The private property Of the stockhold . CTS of this corporation shall be exempt from, corporate debts OS any kind what