Arizona silver belt., 1905-01-19

property, mines, mining claims, oil lands, min eral lands, coal lands oil. gas asphaltum. coal, petroleum, water and water rights and ma chinery, and to work mine, explore, operate and develop the same to build railroads, cleo tric roads, electric light and power llnes tele- graph and telephone lines to do a general real estate, 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 in general to do all things necessary to the proper conduct of the business Of this corporation in the Ter. ritory Of Arizona and elsewhere, not incon- sistent with the laws Of the United States and Of the Territory of Arizona.
 ARTICLE III.
 he authorized amount of Capital Stock Of this corporation shall be One Million Dollars (sl ,OOOOOO divided into One Million q 900 0OO) shares, Of the par value of One Dollar (sl .O0) each At such time as the Board of Directors may by resolution direct, said capital stock shall be paid into this corporation. either in cash or by the sale and transfer to 1t Of real or personal property for the uses and purposes ofsaid corporation, in payment for which shares of the capital stock of said corporation may be issued, and the capital stock so issued shall thereupon and thereby become and be fully paid up and non -assessable and in the ab sence Of actual fraud in the transaction she judgment of the Directors as to the value of the property purchased shall be conclusive
 ARTICLE "
 The time Of the commencement Of this cor .t,.Tt \. certified copy Of these Articles Of Incorpora- ton in the ofice Of the Auditor Of Arizona Territory, ard the termination thereof shall be twenty-five years thereafter
 ARTICLE "
 The affairs Of this corporation shall be con. ducted by a board Of five G)directors and the following named persons shall constitute the Board of Directors until their successors are elected, viz: E. F. ElSenhour, Chas T. Mar tin, W. II. Butler. ". D. Fisk and c. l, Lewis, and thereafter the Board Of Directors shall be elected from among the stockholders on the first Monday in December in each year Said Board Of Directors may be increased to seven at any regular or special meeting Of the stock. holders Of this corporation by majority vote or the stock then outstanding and repre- sented at ihe meeting and such Directors shall thereafterbe elected as herein provide ed. The officers Of said corporation until their sue. ceSSors are elect ed shall be F. F. Eisenhour president; W II Butler, vice president; Chas. T Martin, secretary and treasurer.
 ARTICLE VI
 The highest amount Of indebtedness or lia- Dllity direct or contingent, to which thls corpor- ation Is at any time subject shall be Four Thousand Dollars OsIUO OOO), which amount does not exceed two.thirds of the amount of the capital stock
 ARTICLE VII
 The private property Of the stockholders Of this corporation shall be exempt from all cor porate debts of any kind whatever
 In witness whereof we have hereunto set our hands the twenty-first day Of December. A D, 1904.
 F. F. EISENHOUR
 CHAS. T. MARTIN
 WILLIAM II. BUTLER
 W. D, FISK
 C. I LEWIS