Arizona republican., 1905-03-28

! or other evidences or ownership or in- terest in, or indebtedness of mining | industries, or other corporations, com 1 ranies or associations.
 l. To enter into arrangements and contracts with any person or corpora tion owning mining properties, ma | chinery, 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 -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, l 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
 
 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 sha 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 2 board of directors consist ing of five persons, viz: George H. 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 P. Baxter of Pueblo, Pueblo county in said state, who shall respectively be stockholders in said company. and who shall man. aSG lilS COiiCGIliS anu DuSlIGSS OL lIiG 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 offices shall be kept at such other places within or without the territory of Ari- zona, as the board of directors may de- termine.
 1 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 ! 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 ! -gAn, within or without the territory of Ari- zona-
 Twelfth. The directors of our said cor,pany shall have the power to make such prudential bylaws as they deem proper for the mana cement and dis position of the stock and business af- fairs of the said company and it's oper- ations, not inconsistent with the laws of the territory of Arizona, and the prescribed 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 l of all kinds of business within the ob- | ject and purposes of this company, which bylaws may be revoked. added to, or amended by said directors, in a manner to be prescribed in said by laws
 The board of directors, by the affir- native vote of 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, sich 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- I atiOn to be affixed to all papers.
 The hoard of directors may annOiOf not only other officers of the corpora ton, but also vice president, an as- sistant treasurer, and an assistant sec retarN, and to t' extent provided bv the bylaws, or by the board of direc- tors, the persons so appointed respec- lively, shall have and may exercise all the powers Of the president. and of the treasurer, and of the secretary respec- lively.
 In witness whereof we have hereun- 10 set our hands and seals this twenty