Arizona republican., 1905-05-11


 way service, operating portion, joint working, or otherwise. as this Com pany may desire.
 VIII. To pay cash subscribed for, exchange or transfer real CT 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 proper ty. including bonds, stocks and obli- gations of other Companies. rights, privileges or. franchises purchased by the Company, and to hold, mlanage. or dispose of such real or personal property, leases, options, stocks. bonds and obligations of other Com panies and generally 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 or business of the Com pany.
 THIRD. That the amount of capi- tai stock authorized is One Million. Two Hundred and Fifty Thousand (S125O00O) dollars, and the number Of shares into which it Is divided is One Million, Two Hundred and Fifty Thousand 0,25O,O OO0.), of the par value of One Dollar (s1.) each, which amount is to be paid in at the date of issuance, or at such time as the Board of Directors may designate, in money, property, labor, or any other valua- ble right or thing, and the judgment of the Board of Directors or managing officers as to the value thereof, shall be conclusive.
 FOURTH. This corporation is formed to endure for twenty-five years C25) after it's articles are duly executed, but dts charter rights may be renewed, Cbefore its charter ex- pires) from time to time for periods not exceeding twenty-five (25) years at time. Derpetually.
 FIFTH That the officers of this Corporation, to conduct it's affairs, shall consist of a Board of Directors, consisting of live (5) persons. viz: s. R. Earnest George A. Cockburn, J. A. Elston, c. G. Graham, all of the City of Colorado Springs, in said State of Colorado, and Russel Prentice, of Lida, Esmeralda County, State of Ne vada. who shall respectively be stock holders in said Company, and who shall manage the concerns and busi- ness of the Company for the first year, which Board of Directors are to he elected hereafter on the third Tuesday in January of each year dur ing 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, ($1000,- OOO.).
 SEVENTH. That the private prop erty of each officer and stockholder of said Corporation is to be exempt from all corporate debts, liabilities or obligations.
 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 Phoe- nix. Maricopa County, in the Territory of Arizona, and branch of fees shall be kept at such other places. within or without the Terri tory of Arizona, as the Board of Di- rectors may determine.
 TENTH. The principal business and operations of said Company shall be carried on in The Lida Mining District in Esmeralda County, in the State of Nevada, and may be extend ed to and carried on in any other Coun- ty or Counties in the State of Neva- da- as in the judgment of the Direct ors, the business or interests may re- quire, and tfe said Company may also carry on business 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 Com pany, either within or without the Territory of Arizona.
 IT may be held outside of the Territory of Arizona at any of the principal of- fices of said Company.
 THIRTEENTH. The Directors of our said Company shall have the pow CT to make such prudential Bylaws as they deem proper for the manage ment and disposition of the stock and business affairs of the said Company and it's operations, 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 of all kinds of business within the objects and pur- poses of this Company, which By Laws may be revoked. added to. or amended by said Directors, in a man. her to be prescribed in said Bylaws. The Board of Directors by the affirma- tive vote of a majority of the whole Board, may appoint from their mum Der, an executive committee consist ing of two or more, and to such an extent as shall be provided by the By Laws such committee shall respect lively have, and may exercise all or any of the powers of the Beard of Di- rectors, including the power to cause the seal of the corporation to be af- fixed to all papers.
 The Board of Directors may appoint not only other officers of the Corpora tion, but also a Vice-President, an Assistant Treasurer, and an As sistant Secretary, and to the extent provided by the By