Arizona silver belt., 1904-07-07

whatsoever and to operate, lease or sell the same to erect and maintain mills reduction works. teaching plants, conccntrators concen- trating works. and any and all kinds of mining and milling machinery for the economical han ding and reduction Of ores to acquire, con struct, own and operate railways, tramways, turnpikes and canals to lead from it's principal works, or place Of business to some navigable stream or to some existing railroad, turnpike or public highway;to erect, operate andmaintain stores, boarding houses. hotels to doa gener- al merchandise business, to acquire by pur' chase, location and iu any other lawful man. ner, real estate. lands an all other kinds of property. real personal and mixed to lay out. construct, acquire by purchase or in an other lawful m amer, and accept hold, possess, en- joy. operate, use franchises ire n any state or territory Of the United States, or any county municlpal or private corporation, agon roads, mills, factories, houses, capital stock and bonds of corporations, chattels, goods wares, merchandise and choses in action to buy, manufacture, sell and deal in all kiuds of prop erty, real personal aud mixed, electrical ap- pliances for driving machinery, motor power for propelling any and all kinds Of mechanical appliances where electricity is applicable; tel ephone and telegraph lines, electric lghts;tran- acting any and all nds of busness which may be transacted by a natural person, to hold, cul' yate prove up, use and enjoy the same and to aiienate sell, lease, demise and disp )se of the same, or any part u ereof, as well as any oih CT property this corporation possesses, be seized of or be entitled to to borrow money and contract to repay the same at such time or times, with such rate or rates of interest as its Board of Directors deem proper and see fit, and to hypothecale mortgage or pledge all or any part of the property which this corpora tion may hereafter acquire. to secure pay ment of such money with interest, or to SC cure payment Of any debt of this corpor d ton, with such interest thereon as it may be lega lly obliged to pay.
 The amount Of the Capital stock Of this cor poration shall be Five Million (s,00O,c0O, Dol lars. divided into Five Hundred Thousand 600 600 Shares, Of the par value of Ten Dol lars Csio eo9 each. and the time when and the conditions upon which it Is to be paid are as follows wit: The whole Of said Capital Stock may e paid lin cash or in property or in slu able services necessary Tor thepurposes of the corporation, upon resolution Of th BOdfu Ol DEcCboES, anu SnCt pl littt anu valne satisfactory to said Board Of Directors
 ".
 The time of the commence nent of this cor. poratlon thall be the day Of the filing of these articles for record in the ofice of the county recorder Of Gils couaty, in the Territory of Arizona =nd the ternination there Dt shall be twenty-five years thereafter, unless by law further exteDdc d by the company.
 V.
 The anairs of this corporation are to he and they shall be conducted by 8 Board Of Direct elected annually on the hrst Monday in June, by the stockholders. at ? O clock pun. of said day Of whico every stockholder shall hereby take notice. and after the annual me eting in June i90S no person shall be eligible 10 the once of director unless he is n stockholder in the corporation Said Board Of Directors shall have full power to fill vacancies in their number, but cannot create the vacancy arbi- trsrily. and may elect such officers and ap- point such committee, or committees from their own number, to aid in the management of the business and conducting the affairs of this corporation as they may see iit. and vest ia such officers and in said committees all such powers as they may deem expedent.
 The following-named persons, who are sub scribers hereto. shall constitute the Board of Directors Of this corporation for the first year and until their succe isors, duly qualified, shall he elected, to wit Lee Crandall. A II, More head Theodore Crandall. W. H. Mercer and Porter w. Fleming, and thereafter if any di- rector shall cease to be stockholder he shall cease to be A director
 Immediately or as soon as practicable after the filing of these articles in the office ot the county recorder of the County of Glls. Terri tory of Arizona and the fling of a certified copy hereof with the auditor of the Territory of Arizona the persons named herein as di rectors to serve for the first year and until their successors, duly qualified, shall be elect ed, shall meet and organize as Board of Di. rectors, adopt bylaws and prescribe ia said bylaws the method of calling stockholders and directors meetings.
 The highest amount of iDdeb tedness or lia- biiity. direct or contingent, to which this cor poration is at any time to be subject is the sum of Five Hundred Thousand $500 0OO) Dol. lars
 The stockholders of this corporation and their private property shall be e, empt from the corporate debts of this corporation.
 VIII.
 The Board of Directors of this corporation shall have power to establish bylaws and make all rules and regulations deemed expedi- ent for the management of the affairs of this corporation and the officers thereof. not in- consistent with the Constitution and the laws of the United States and the laws of the Ter ritory of Arizona. Said Board of Directors shall have no power to mortgage or cucumber or sell the property Of the company without majority vote of the stockholders of said company ratifying the same.
 K,
 The officers of this company shall consist of
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