Arizona republican., 1905-03-27

company is, or may become interested To buy, sell, or deal in stocks, bopds' or other evidences of ownership or 1n- terest in, or indebtedness of mining industries, or other corporations com ranies or associations.
 7. To enter into arrangements and contracts with any person or corpora tion owning mining properties ma chinery factories, franchises or plants, adjacent to, or which can be of reason able use to tkts 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 obli- 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 stocl; 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- fKa lahOT. any other valuable right or thing. and the judgment of the board of directors or managing officers as to the value therof sAa be conclusive.
 Fourth This corporation is formed to endure for twenty-five years after i,s articles are duly executed, but its charter rights may be renewed, Cbe- fore it's charter expires) from time to time for periods not exceeding twenty i've years at a time perpetually
 Fifth. That the officers of said cor poration, to conduct its affairs, shall consist of q 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. who shall respectively be stockholders 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 i indebtedness or liability to which the f- 1f ar1H n 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 l carried on in The Bull Frog Mining District, in Nye county, in the state | of Nevada and may be extended to and carried on in any other county or | counties in tie state of Nevada, as in | 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.
 l Af1-r n Td | of directors for the election of officers, or for any other purpose, may be held | at an. 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 l 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 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 Ob- | feet and purposes of this company
 which bylaws may be revoked. added
 to, or amended by said directors, in a
 manner to be prescribed in said by
 laws.
 The board of directors, by the affir-
 native vote of a majority of the whole
 hoard, may appoint from their number
 an executive committee consisting of
 two or more, and to such an extent as
 shall bt. provided by the bylaws, sicf
 committee shall respectively have, and may exercise all or any of the powers . | of tbe hoard of directors including the power to cause the seal of the corpor- . ation 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 | retar1-, and to t':e cXteDt provided -bN , the bylaws, or by the board of direc' r tors, the persons so appointed respec' 1 ti,.nlv shall have and may exercise al