Arizona republican., 1905-03-29

 terest in, or indebtedness of mining industries, or other corporations, conl- ranies or assOciations.
 '. To enter into arrangements and contracts with any person, or corpora- ton owning mining properties, ma chinery, factories, franchises or plants, adjacent to. or which can be of reason able uso to this company, for the in terchange of traffic, tramway service, operating portion, joint working, or otherwise, as this company may deslro
 s. To pay cash subscribed for ex- change or transfer real or personal property of any character. or issue full paid and non-assessable stock for any real or personal property, or options on, or leases of real or personal property including bonds, stocks and obligations Of other companies. rights. privileges or franchises purchased by the com pany, and to hold. manage, or dis pose of such real or personal property, leases, options, stocks. bonds and oblt- gations of other companies, and gener- ally to transact any and all business, and to do any and all things that may in any wise be necessary, incident or appurtenant to the powers, purposes or business of the company.
 Third That the amount of capital stock authorized is One Million Five Hundred Thousand Dollars, and the number of shares into which it Is di- vided is One Million Five Hundred Thousand of the par value of One Dol lar each, which amount is to be paid in at the date of issuance, or at such time as the board of directors may de- signate. in money, property, labor, or any other valuable right or thing, and the judgment of the board of directors or managing officers as to the value therof shal be conclusive.
 Fourth This corporation is formed to endure for twenty-five years after its articles are duly executed, but its charter rights may be renewed, (be- fore it's charter expires) from time to time for periods not exceeding twenty five years at a time perpetually.
 Fifth. That the officers of said cor poration. to conduct its affairs, shall consist of . board of directors consist ing of five persons, viz: George H. Whitelaw of Delta county, state of Colorado Henry B. Davis. William B. Mackcy and Judson A. Elston of the city of Colorado Springs. in said state of Colorado, and Oliver P. Baxter of Pueblo, Pueblo county, in said state, who shall respectively be stockholders in said company, and who shall man age the concerns and business of the company for the first year, which board of directors are to be elected on the third Tuesday in January of each year thereafter during the life of this com pany.
 Sixth. That the highest amount of indebtedness or liability to which the corporation Is at any time to subject itself, is One Million Dollars.
 FFr1.z A1-.a Ne ,a.-TxT of each officer and stock holder Of said corporation is to be exempt from all corporate debts, liabilities or obliga- tions.
 Eighth. The capital stock of this corporation shall be, and is hereby made, forever non- -assessable for any purpose.
 Ninth. The principal office of our said company shall be kept in the city of Phoenix, Maricopa county, in the territory of Arizona, and branch offices shall be kept at such other places l within or without the territory of Arl- zona, as the board of directors may de- | termine.
 Tenth. The principal business and operations of said company shall be carried on in The Bull Frog Mining District, in Wye county, in the state 
 and carried on in any other county or counties in the state of Nevada, as ir | the judgment of the directors its busi- | ness or interests may require, and the said company may also carry on busi- ness in any of the states or territories | of the United States. as the board oi directors may determine.
 Eleventh. Any meeting of the board of directors for the election of officers or for any other purpose, may be helC | at any office of the company, either within or without the territory of Ari' zona-
 Twelfth. The directors of our sait company shall have the power to make | such prudential bylaws as they deem | proper for the management and dis | position of the stock and business aT fairs of the said company and its oper | ations, not inconsistent with the law of the territory of Arizona, and tn prescribed duties of the officers an'
 servants that may be employed by sait
 company, and for the appointment O
 their officers, and for the carrying ol
 of all kinds of business within the ob Il feet and purposes of this company
 which bylaws may be revoked, adde
 to, or amended by said directors, in manner to be prescribed in said by laws.
 The board of directors, by the affir native vote of a majority of the whol board, may appoint from their number
 an executive committee consisting 0
 two or more, and to such an extent a
 shall bt. provided by the by-laws, sac
 committee shall respectively have. an may exercise all or any of the power of the board of directors. including tn . power to cause the seal of the corpor . ation to be affixed to all papers.
 The board of directors may appoin !, not only other officers of the corpora ton, but also a vice president, m as sistant treasurer, and an assistant sec | retary, and to t' cXteDt provided b , the bylaws. or by the board of direc P tors, the persons so appointed respec
 lively. shall have and may exercise a 1 the powers of the president, and of tn
 treasurer, and of the secretary respec lively.
 In witness whereof we have hereun ! to set our hands and seals, this twenty
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