Arizona republican., 1905-06-26

said corporation is to exist is twenty (20) years, beginning from date of these presents.
 Fourth: That the total amount of authorized capital stock of said cor poration shall be one million dollars. divided into shares of the par value of one dollar each. making one million shares; that said capital stock shall be issued only when paid for in money. property or services, and at such rate as shall be determined from time to time by the board of directors of said corporation and every share of said stock shall be fully paid up and non assessable.
 Fifth: That the number of directors of said corporation shall be five and the names and residences of the di- rectors for the first year are:
 Jonas B. Holmes. Los Angeles, Cali fornia; Charles w. Bowman, Denver, Colorado; William A. Eckerly. Los An geles, California; William J. Handford, Los Angeles, California, Joseph Metz Ter. Los Angeles. California, who are the subscribers hereto; and they shall conduct the business of the corpora ton until their successors are elected.
 Sixth: That the business of the cor poration shall be conducted by a board of five directors elected annually on the first Thursday in May, by the stock holders; and all meetings of stockhold- CTS and all meetings of the board of directors may be held out of the terri tory of Arizona; the directors above named to act as such for the first year or until their successors are elected.
 Seventh: That the highest total amount of indebtedness or liability or both combined, which the corporation shall at any one time subject itself. di- rectly or indirectly shall not exceed fifty thousand ($50,O0O) dollars. and that private property of its stockhold- CTS is to be exempt from the debts of the corporation.
 Eighth: That the amount of capital stock which has been actually sub scribed is one hundred shares, and the following are the names of the per sons by whom the same has been sub- scribed:
 Jonas B. Holmes, Charles w. Bow man, William A. Eckerly. William J. Handford and Joseph Metzler. who have subscribed for twenty shares and paid into said corporation the sum of twenty dollars each.
 Ninth: That the said corporation is organized for the following purposes and shall have power
 (a) To acquire. possess. use. enjoy. mortgage, convey, lease, bond, rent, dispose of and deal in placer and lode mines mining claims and all kinds of real property.
 Cb) To buy, sell. lease. own. hold or acquire inventions. patents, or patent rights copyrights. trade marks, or trade secrets for both the United States and old Mexico. and to manu- fracture. buy. sell. lease, or operate on royalty or otherwise, patents, patent rights inventions. copyrights, trade marks. trade secrets, and to do any and all things necessary or usual to be done in or about the acquiring owning, of mining and other machinery. selling. utilizing or dispos ing of same, or renting. leasing by roy atty or otherwise of such mining ma and to acquire. own. hold3 sell, lease. buy or occupy real estate, placer ground. water rights. irrigating canals or ditches and laterals. to exchange, ! make, repair smelt. refine, store, pro- tect. contract for. dispose of and other wise deal in all kinds of ore, merchan- disc and personal property of every description. tangible or intangible. in cluding the capital stock and Obliga- tions of corporations and companies, ! franchises, minerals, gases. oils, ships, ! vessels. docks and wharves, railroads, ! rolling stock locomotives, engines, , cars. water works, electric light plants, telephone and telegraph lines. to buy lease, sell or operate manufacturing plants, atc.
 Cc) To act as trustee and agents for individuals and corporations and to buy and sell the capital stock and obligations of this corpora | ton; to pledge it's own capital stock; | to lend and borrow money; and to have, | exercise and enjoy all the rights and ! privileges of corporations according to | the laws of the Territory of Arizona; | and to do business according to these powers in any state, territory, island | or land in. belonging to, or under the | of the United States or the | Republic of Mexico.
 In witness whereof we have hereunto l set our hands this 10th day of April, A. | D. 1905.
 Signed:
 JONAS B. HOLMES, (Seal) |
 CHARLES w. BOWMAN, CSeaI) |
 WILLIAM A. ECKERLY, (Seal) |
 WILLIAM J. HANDFORD, (SeaL) |
 JOSEPH METZLER, (Seal.) | State of California,