Bisbee daily review., 1903-07-22

kinds; to build, maintain and operate factories and nils in connection there with, and to manufacture such lumber into such articles of use and mer- chandise as may be essential for it's 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 ti"r. 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 hn 1fohslstfae Of pany, or for any other purpose which 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 pert 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 lnay be from time to time determined by 75 per cent vote of the stock issued and outstanding; to sell, alienate or otherwise dispose 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 Mil lion (s5,000, ,000) Dollars. divided into Five Hundred Thousand (50O.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 author ized 70 incur at any time is tte sum of Five Hundred Thousand (s500000) Dollars which indebtedness may be incurred at the discretion of the Board of Direct. hU i-c11ir1o hnndc nr nnpntfa. 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 | ton.
 ARTICLE TX.
 The affairs of this corporation shal be conducted by a Board of Directors consisting of five (5) persons. whicf number may be increased at the will O. the stockholders to any uneven mum Der not exceeding eleven CID. Sucf directors shall oe elected at the regu lar annual meeting of the stockholder: of the corporation. and they shall holC office until their successors are elected and qualified Provided, however, tha until the annual meeting .hereinafte provided for. next succeeding the filini of these Articles of Incorporation. ti following named persons shall be am lconstitute the directors of this corpor ation: Robert Mitchell, J. P. Tag gart, T. H. Collins, E. J. Parkinson and C. J. Wheeler Said director shall have the power of electing tn officers of the company, to serve unti their successors are duly elected an qualified. the same as though said d rectors had been elected at a regula annual meeting, as hereinafter pro lvided.
 ARTICLr <.
 The annual meeting of the stockholt CTS referred to in AT. icle TX shall b held on the first Tuesday in April c each year, at such place, either withi
 or without the Territory of Arizona, a
 the Board of Directors shall selec Notice in writing of tie time and plac of such meeting shall be mailed to th , last known address of each stocl holder at least fifteen (15) days befor , the time of such meet and a cop
 of such notice shall be published in
 newspaper of general circulation in u
 County of Cochise, Territory of Al , zona, in at least two issues of sal f paper Called or extraordinary mee ings of the stockholders may be 0 n dered and convened at any time by tl |, president when thereunto authorize , lby A majority -Ote of the Board of