Arizona republican., 1905-10-24

or any property or any -DuSlilSSS III which this company is or may become interested. To buy, sell, or deal in stocks, bonds or other evidences of ownership, interest in. or indebtedness of mining industries, or other corpor- ations. companies, or associations.
 '. To enter into arran gements and contracts with any person or corpora ton owning mining properties, ma lchinery, factories, franchises or plants, adjacent to, O. which can be of req sonable use to this company for the exchange of traffic, tramway service, operating portion, joint workings or otherwise. as the board of directors may desire
 8. 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 option 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, mortgage. or dis pose of such real or personal property, leases, options, stocks. bonds and Obli- gatiOns of other companies, and gener- ally to transact any and all business, and to do any and all things 'lat may in any wise De necessary, incident or iappurtenant 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 num- Der of shares into which it is divided is one million five hundred thousand. of tha par value of one dollar each, which amount is to be paid in at the date of issuance, or at such times as the board of directors may designate. in money, property, labor, or any other valuable right or thing, and the judg- ment of the board of directors or man aging officers as to the value thereof shall be conclusive.
 Fourth: This corporation is formed to endure for twenty-five years after it's articles are duly executed, but it's charter rigats may be renewed. (be- fore its charter expires) from time to time for periods not exceeding twenty i've years at Q time, perpetuaIlv Fifth. That the officers Of said cor poration. to conduct it's affairs shall consist of five persons, viz. B. P. An dersOn, W. D. Shemwell, J. 4. Elston, s R. Earnest, of the city of Colorado | Springs, Fl Paso county and state of Colorado and Jerry Culbertson of liar risOnyille, state of Missouri, who shall respectively be stockholders in said company, and who shall manage the concerns and business of the company | for the first year; the board of direct
 ors are to be elected on the third Tuesday in October of each year here after during the life of this company. Sixth. That the highest amount of indebtedness or liability to which the
 corporation is at any time to subject itself is one million dollars
 Seventh. That the private property of each officer and stockholder of said lcorporation, is to be exempt from all corporate debts, liabilities or obliga- tions.
 Eignth. The capital stock of this
 corporation shall be. and is hereby made forever on-assessable for any lpurpose.
 Ninth. This company shall keep a focal office at Phoenix, Arizona. and may keep other offices and places of
 business within or without the terri
 tory of Arizona, as the board of di- rectors may determine at which place or places. all incorporators'. stock holders, and directors meetings may
 be held and all corporate business. may be transacted.
 Tenth. The principal business and operations of said company shall be
 carried on in tae Chief mountain min
 ing district in Lincoln county, in the
 state of Nevada, and may be extended
 10, and carried on in any other county : or counties in the state of Nevada, as I in the judgment Of the directors its
 business or interests may require: and
 the said company may also carry on
 business in any of the s----- ter
 ritories of the United States. as the I board of directors may determine
 Eleventh. Any meeting of the board ! of directors for the election of officers
 or for any other purpose, may be held
 at any office of the company either ! within or without the territory of Ari- l zona.
 Twelfth. The directors of our said
 company shall have the power to make . such prudential bylaws as they deem 7 proper for the management and dispo- ' sition of the stock and business af- , fairs of said company. and its opera
 1ons, not inconsistent with the laws ol
 the territory of Arizona. and the pre- scTibed duties of the officers and ser
 wants that may be employed by said company, and for the appointment ot
 their officers, and for the carrying or ' of all kinds of business within the ob- ' ject and purpose of this company I which bylaws may be revoked, added . to, or amended by said directors in z
 manner to be prescribed by said by laws.
 The board of directors. by the afr. native vote of a majority of the whol, ! board, may appoint from their nun.
 Der, an executive committee consist, . ing of one or more, and to such an ex- I tent as shall be provided by the by. . laws, such committee shall respectiveIy have, and may exercise all or any O 7 the powers of the board of directors 2 including the power to cause the sea > of the corporation to be affixed to al papers.
 n The board of directors may appoin | mot only other officers of the corpora. 7 tion, but also a vice president. an as > Isistant treasurer and an assistant sec. . retary, and to the extent provided by . the bylaws, or by the board of direct
 ors, the persons so appointed respect