Bisbee daily review., 1904-04-12

privileges. machinery, plants or other effects whatsoever which the com pany may think proper from time to time to be acquired tor any of it's pur- poses; to prospect and search for ores and minerals; to develop, mine and grant licenses for mining in anc over any lands which may be acqui, ed by the company, and to sell or other wise dispose of the lands, improve ! ments or other property of the com pany; to buy. sell. manufacture and cry, implements, conveniences, pro visions and things capable of being | used in connection with mining oper- ations, or acquired by workmen or others employed by the company; to construct, carry out, improve. manage, work. control and superintend any roads. ways, railways, bridges, and reservoirs, water courses. aqueGucts, furnaces, mills, crushing works, hy- d aulic works, electric works factories warehouses and other works and con yeniences, which may seem directly or indirectly conducive to any business of the company; to contribute to sub sidize or otherwise aid or partake in any such operations; to buy, sell or otherwise dispose of the capital stock of this or any other corporation and generally to do all acts and things, and transact any and all other business incidental to the purpose aforesaid and not contrary to the laws of the Territory of Arizona, or of the United States.
 ".
 That the amount of the capital stock of said corporation shall he S1.000,0o0. divided into 100000 shares of the par value of Ten Dollars (s1O) | each. payable in cash on call of the board of directors.
 V.
 That the time of commencement of said corporation shall be immed.- !. ately on filing these a ticles with the recorder of the County of Cochise, Territory of Arizona, and certified copy thereof with the auditor of the Territory of Arizona, and such exist ence shall continue for a period of twenty-five years from and after the date of said filing.
 VI.
 The affairs of said corporation shall be conducted by a board Of five (5} directors, who shall be stock holders of zhe corporation, and shall be elected at the annual meeting of the corporation on the second Tues lay in March in each year, and the officers of said corporation shall be a president. vice-president, secretary and treasurer, and such other officers { IS the board of directors may deem necessary. The members Of the board )f directors for the current year and until their successors are chosen and Iualified are William B. Mershon, Selwyn Eddy, Watts s. Humphrey. frederick L. Harrington and Frank F Harrington. -s VII Tbat the said corporation is not at I any time to subject itself to a greater l liability than s500, 0,00O, except upon 1 the written consent of the holders of l majority of the capital stock out 1 standing at the time the obligation is | incurred, and in no case shall such ] indebtedness be incurred to an amount l exceeding two-thirds (2-3) of the out ! standing capital stock.
 VIII.
 The board of directors shall adopt i bylaws for thii corporation which may be amended or repealed at any time by said board
 That the private property of stock holders of said corporation shall be exempt from liability for corporate debts.
 In witness whereof we have here unto set our hands this 30th day of March, 1904.
 WILLIAM B. MERSHON,
 WATTS s. HUMPHREY.
 FREDERICK L. HARRINGTON. il nf Couptv of