Bisbee daily review., 1903-08-19

Bisbee. Cochise county, Arizona The principal place of business of this cor popa'ioh pona eha Huisoe oa thn territory oL AT county of Houghton, and state of Mich gan. at which meetings Of the Board of Directors may be held; and the corpora either within or without the territory of Arizona as may be established by the Board of Directors.
 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, 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, asphalt um. petroleum, asbestos. salt. water and water rights and machinery. and to work mine, explore, operate and de- ve,op the same; to do a general real estate. manufacturing an6 mercantile ousinessi 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 )f capital stock and other securities and obligations any and all rights powers and privileges of individual owners thereof. including the right to vote upon any shares of stock held by it. to the
 
 or could do; and in general to do all things necessary to the proper conduct 9f 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.
 The amount of the capital stock of this corporation shall be Five Hundred Thou sand Cs500. .000) Dollars. divided into Fifty Thousand l50OeM shares of the par value of Ten Dollars (s10.0o) each. And at such time as the Board of Directors may by resolution direct. said capital stock shal be paid into this corporation, either in 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 IS said directors may deter mine. thereby and thereupon become and he fully paid up and non-assessable. The time of the commencement of this corporation shall be the date of the fling of these Articles of Incornoration in thee office of the secretary of Arizona. and the termination thereof shall be twenty five years thereafter.
 The affairs of this coruoration are to he conducted by 2 board of eleven di- rectors. and the following named are to constitute the Board of Directors until their successors are elected; Carlos n Shelden. Henry J. Vivian. Benjamin F. Cheynoweth. R Skin Shelden. ATch,5ald . ke-vis Arthur E Seaman. Louis H Richardson. Joseph c. Weissmiller and Joseph c. Bertrand. Thereafter the Roard of Directors shall selected from irrong the stockholders. as the bylaws of the corporation may provide. Tne officers of this corpoi atior until .their successors are elected shall be: Carlos D. Shelden. president: Harrv ! Vivian. vice president: James L. Naukervis. sec retary and James L. Naukervis, treas 1rer.
 VII
 The highest amount of indebtedness or ability direct or contingent 70 whf"'' '.'s cC~-o~0tion Is at any time subject sAari To T'rraa Hur1red Thousa-d Do.- avs which amount does not exceed two thirds of the amount of the capital stock ,f such corporation:
 VIII.
 The private pronerty ot the stockhold CTS of this corporation shall he exempt ero~- corporate debts of any kind what soever.
 Tn witness whereof we have hereunto set our hands and seals this 5th day of