Arizona republican., 1905-10-29

which this company is, or may become interested. To buy, sell. or deal in stocks, bonds or other evidences of ownership, interest in, or indebtedness of mining industries, or other cOrpor- ations, companies, or associations.
 z. 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 req sonable use to this company for the exchange of traffic. tramway service. operating portion, joint workings or otherwise, as the board of directors may desire
 8. 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 option 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, mortgage. 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 stock authorized is one million five hundred thousand dollars and the mum Der of shares into which it is divided is one million five hundred thousand, of the par value of one dollar each, which amount is to be paid in at the date of issuance, or at such times as the board of directors may designate, in money, property, labor, or any other valuable right or thing, and the judg- ment of the board of directors or man aging officers as to the value thereof shall 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. ,Cbe- fore it's charter expires) from time to time for periods not exceeding twenty five years at a time, perpetuallv
 Fifth. That the officers of said cor pOration, to conduct it's affairs shall consist of five persons. viz. B. P. An derson, W. D. Shemwell, J. A. Elston, s R. Earnest, of the city of Colorado Springs, Fl PasO county and state Of Colorado, and Jerry Culbertson of Har- risonville, state of Missouri, who shall respectively be stockholders in said NCAAA PeNA4Ss oAAA HAAO Siidli AlldlAdBe LlG concerns and business of the company for the first year; the board of direct ors are to be elected on the third Tuesday in October of each year here after during the life of this company.
 Sixth. That the highest amount of 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 stockholder of said corporation, is to be exempt from all debts, liabilities or obliga- tions.
 Eighth. The capital stock of this corporation shall be. and is hereby made forever -assessable for any purpose.
 Ninth. This company shall keep a local office at Phoenix, Arizona, and may keep other offices and places of business within or without the terri tory of Arizona, as the board of di- rectors may determine, at which place or places, all incorporators', stock and directors meetings may be held and all corporate business may be transacted.
 Tenth. The principal business and operations of said company shall be carried on in the Chief mountain min ing district in Lincoln county, in the state of Nevada, and may be extended to, and carried on in any other county or counties in the state of Nevada, as in the judgment of the directors it's business or interests may require; and the said company may also carry on business in any of the s+~-o- o- ter ritories 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 company, either within or without the territory of Ari- zona.
 Twelfth. The directors of our said shall have the power to make such prudential bylaws as they deem proper for the management and dispo- sition- of the stock and business af- fairs of said company. and its opera tions, not inconsistent with the laws of the territory of Arizona, and the pre- scribed duties of the officers and ser wants 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- ject and purpose of this company, which bylaws may be revoked, added to, or amended by said directors in a manner to be prescribed by said by laws.
 The board of directors. by the affir- native vote of a majority of the whole board may appoint from their num- Der, an executive committee. consist ing of one or more, and to such an ex- tent as shall be provided by the by laws, such 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 corporation to be affixed to all papers.
 The board of directors may appoint not only other officers of the corpora tion, but also a vice president, an as- sistant treasurer and an assistant sec retary, and to the extent provided by the bylaws, 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