Arizona republican., 1905-05-14

VIII To pay cash subscribed for, exchange or transfer real or 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 obll- gations of other Companies. rights privileges or franchises purchased by the Compahy, and to hold, manage. 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 ana all things that may in any wise De 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 (S1.25OOOO) dollars, and the number of shares into which 1t is divided IS One Million, Two Hundred and Fifty Thousand Q,250,0OO.), of the par value of One Dollar ($1) each, which amount is to be paid in at the date Of issuance, or ct such time as the Board of Directors may designate, In money property, labor, or any other Valud- bIe right or thing, and the Judgment of the Board of Directors or mana glns officers as to the value thereof, shali be conclusive.
 FOURTH. This corporation is formed to endure for twenty-five years C25) after its articles are duly executed but its charter rights may be renewed, (before its charter eX- pires) from time to time for perlods not exceeding twenty-five (25) years at g time. perpetually.
 FIFTH That the officers Of thAs Corporation, to conduct it's afralrs' shall consist of a Board of Directors consisting of five (5) persons, viz: S- R. Earnest. George A Cockburn' J. A. Elston. C. G. Graham, all of the City of Colorado Springs, in said State of Colorado, and Russel Prentice, or I.ida, Esmeralda County, State or Ne vada. who shall respectively be stock holders in said Company, and who shall manage the concerns and busl- ness of the Company for the Irsl wear. which Board of Directors are to bs elected hereafter on the third Tuesday in January of each year cur ing the life of this Company
 SIXTH. That the highest amount or indebtedness or liability to which the Corporation is at any time to subject itself. is One Million Dollars, ($l.OO0,- COO).
 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- l 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 tte 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
 TWELFTH. Stockholders meetings may be held outside of the Territory of Arizona at any of the principal of fices of said Company.
 THIRTEENTH. The Directors of -oi Ch., II have the V-l 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. ner 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 num- 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 Board 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 Laws or by the Board of Direct ors, the persons so appointed respect lively, shall have and may exercise all |, the powers of the President, and of the Treasurer, and of the Secretary,