Arizona republican., 1905-03-31

To buy, sell, or deal in stocks, bonds, or other evidences of ownership or in- terest in, or indebtedness of mining industries, or other corporations, com- ranies or associations.
 (. To enter into arrangements and contracts with any person or corpora ton owning mining properties, ma chinery. factories, franchises or plants, adjacent to, or which can be of reason- able use 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 non- -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, 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 stock authorized is One Million Five 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 l1Ie ri oh nT the judgment of the board of directors or managing officers as to the value therof shal be conclusive.
 Fourth. This corporation is formed to endure for twenty-five years after its articles are duly executed, but it's charter rights may be renewed, (be- fore its 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 9 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.
  in said company, and who shall man. age the concerns and business of the 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.
 Tenth. The principal business and | operations of said company shall be carried on in The Bull Frog Mining CI, of Nevada, and may be extended to and carried on in any other county or counties in the state of Nevada, as in 1 the judgment of the directors its 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 1 of directors for the election of officers, or for any other purpose, may be held at any office of the company, either within or without the territory of Ari- zona.
 Twelfth. The directors of our said company shall have the power to make such prudential bylaws as they deem proper for the management and dis position of the stock and business af- fairs of the said company and its oper- ations, not inconsistent with the laws of the territory of Arizona, and the l prescribed duties of the officers and servants that may be employed by said | company, and for the appointment oi their officers. and for the carrying or of all kinds of business within the ob-
 feet and purposes of this company
 which bylaws may be revoked, added | to, or amended by said directors, in z | manner to be prescribed In said py' 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 oi
 two or more, and to such an extent a'
 sEall be. provided by the bylaws, sicl
 committee shall respectively have, anC may exercise all or any of the power:
 Of the board of directors, including the
 power to cause the seal of the corpor'
 ation to be affixed to all papers.
 The board of directors may appoin
 not only other officers of the corpora
 ton, but also a vice president, an as sistant treasurer, and an assistant sec
 retar1-, and to t' - extent provided b'
 the bylaws, or by the board of direc
 tors, the persons so appointed respec'
 lively, shall have and may exercise al
 the powers Of the president, and of the
 H. .Ar,v-r TNeaEsyNa n