Arizona republican., 1905-03-30

terest in, or indebtedness of mining industries, or other corporations, con- 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 usS 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- cations 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 appuftenant to the powers, purposes or business of the company
 Third. That the amount of capital stocl, authorized is One Million Five Hundred InOuSanQ OOlidTS, anu lilC 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 any other valuable right or thing, and the judgment of the board of directors or managing officers as to the value therof sha 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 it's 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 a board of directors consist l 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 1 in said company, and who shall man age the concerns and business of the 1 com pany for the first year, which board | of directors are to be elected on the third Tuesday in January of each year l 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
 oil 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 1 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- l termine.
 Tenth. The principal business and operations of said company shall be carried on in The Bull Frog Mining 1 District, in Nye county, iE the state of Nevada. and may be extended to | and carried on in any other county or l counties in the state of Nevada, as in l 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 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 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 z. proper for the management and dis position of the stock and business af- fairs of the said company and its oper- I 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 oi
 their officers, and for the carrying OH 1 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 majority of the whole board, may appoint rom lhelr huIhOel
 an executive committee consisting oi
 two or more, and to such an extent as
 shall be provided by the bylaws, sicf committee shall respectively have, and may exercise all or any of the powers
 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 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 F. CXte1t provided bN ? the bylaws or by the board of direc- F tors the persons so appointed respec-
 lively, shall have and may exercise al the powers of the president, and of the
 trea surer, and of the secretary respec- F lively.
 In witness whereof we have hereun- and saals this tyreIl tx-.