Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1905-10-28


Of any property, or any business in
which this company is, or may beconss
interested. To buy, sell, or deal in
stocks. bonds or other evidences of
ownership, interest in, or Indebtedness
of mining industries. or other corpor-
atoms, companies, or associations.
Z. To enter into arrangements and
contracts with any person or corpora
ltion owning mining properties, ma
chinery. factories, franchises or plants.
adjacent to, o. which can be Of rea-
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-
J cations 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
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 the 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 he 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, Cbe-
fore its charter expires) from time to
time for periods not exceeding twenty
five years at q time. perpetuaU~
Fifth. That the officers OF said cor
poratiOn, to conduct its affairs shall
consist of five persons, viz. B. P. An
dersOn, w. D. Shemwell, J. A. Elston,
S r. Earnest, of the city of Colorado
Springs. Ell PasO county and state OF
Colorado, and Jerry Culbertson of Har-
risonville, 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 taird
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 Tlriva 10 r1rouarty-
of each officer and stockholder of said
corporation, is to be exempt from all
corporate debts, liabilities or obliga-
tons.
Eighth. The capital stock of this
corporation shall be. and is hereby
made forever worcestershire for any
purpose.
Ninth. This company shall keep a
local 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 the Chief mountain min
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 its
business or interests may require; and
the said company may also carry on
business in any of the $780, - ter
Titories Of the United States. as the
board of directors may determine.
Eleventh. Any meeting of the board
Of = g. - -
or for any other purpose, may be held
at any office of the company. either
within or without the territory of Ari-
iona.
Twelfth. The directors of our said
company shall have the power to make
such prudential bylaws as they deem
proper for the management and dispO-
sition of the stock and business af-
fairs Of said company. and its opera
tons, not inconsistent with the laws of
the territory of Arizona, and the pre-
scribed duties of the officers and ser
wants 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 OBJ
ject and purpose of this company.
which bylaws may be revoked. added
to, or amended by said directors in a
manner to be prescribed by said by
laws.
The board Of directors. by the affir-
NATIVE vote of a majority Of the whole
board, may appoint from their num-
Der, an executive committee, consist
ing of one or more, and to such an ex-
tent as shall be provided by the by
laws, such 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 corporation to be affixed to all
papers.
The board of directors may appoint
not only other officers of the corpora
ton, but also a vice president, an as
sistant treasurer and an assistant sec
rotary, and to the extent provided by
the bylaws, or by the board of direct
ors. the persons so appointed resnect-