Arizona republican., 1905-04-01


 | company is or may become interested.
 To buy, sell, or deal in stocks, bonds,
 or other evidences of ownership or in terest in, or indebtedness of mining industries, or other corporations, com ranies or associations.
 {. To enter into arrangements and contracts with any person or corpora tion owning mining properties, ma ehinery, factories, franchises or plants, adjacent to, or which can be of reason able usa to this company, for the in terchange of traffic. tramway service, operating portion. joint working, or otherwise, as this company may desire.
 S. To pay cash subscribed for ex- | change or transfer real or personal property of any character, or issue full paid and n-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- ! l-f- 4v, lahOT- any other valuable right or thing, and the judgment of the board of directors | or managing officers as to the value | therof sha l be conclusive.
 Fou1th This corporation is formed 1 to endure for twenty-five years after its articles are duly executed, but It's | charter rights may be renewed, (be- fore it's charter expires) from time to time for periods not exceeding twenty | five years at 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 Il. Whitelaw of Delta county, state of | Colorado Henry B. Davis, William B. Mackey and Judson A. Elston of the city of Colorado Springs, in said state | of Colorado, and Oliver r. 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 Seventh. That the private property 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 ofnces | shall be kept at such other places within or without the territory of Ari- zona. as the board of directors may de- | terrnine.
 Tenth. The principal business and operations of said company shall be carried on in The Bull Frog Mining District, in Nye county. in the state of Nevada, and may be extended to and carried on in any other county or counties in the state of Nevada, as in the judgment of the directors it's 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 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-
 zona.
 Twelfth. The directors of our said cornpany shall have the power to make such prudential bylaws as they deem proper for the management and dis
 position of the stock and business af- fairs of the said company and its oper- ations, not inconsistent with the laws of the territory of Arizona, and the | nrescribed duties of the officers and
 servants that may be employed by said
 company. and for the appointment of
 their officers. and for the carrying on
 of all kinds of business within the ob-
 feet and purposes of this company,
 which bylaws may be revoked, added
 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 whole board. may appoint from their number, an executive committee consisting Of two or more, and to such an extent as
 shall be provided by the bylaws, s'ich committee shall respectively have, and may exercise all or any of the powers
 Of the board of directors, including the
 power to cause the seal of the corpor-
 alton to be affixed to all papers. The board of directors may appoint
 not only other officers of the corpora tion hut also a vice president, an as-
 sistant treasurer, and an assistant sec retar,-, and to tI-e extent crowded bN
 the bylaws, or by the board of direc- i, tors. the persons so appointed respec-