Arizona silver belt., 1905-11-09

and things necessary for and incidenta
TO the objects aforesaid or in anywis,
connected Herewith.
ARTICLE III-The authorized capita
stock of this corporation is and shall bt
the sum of One Million Isl, 900, 600. OO)
Dollars, which capital stock shall be-
divided into one million shares of the
par value of One Dollar each share
Each share of stock when issued shall
be first fully paid for in cash or prom
erty or services of cash equivalent
ana such shares of stock when SO issued
snail thereafter be non ass essable.
ARTICLE IV-The time of commence
ment OF this corporation shall be the
time when these articles shall be fled
in the office of the County Recorder of
ella County, Territory of Arizona, pro.
vlded that certified copy thereof shall
be filed in the Office of the Auditor Of
said Territory; publication of said arti-
Giles shall be made and affidavit of such
publication filed in the manner and at
the time required by law. The termin-
alton OF this corporation shall be TWEEN
ty-five years from and after the date of
filing Of said certified copy of said arti-
cles in the Office of the Auditor of the
Territory of Arizona.
ARTICLE V-The affairs of this cor
poration shall be conducted by a board
OF nve directors elected annually by and
from among the stockholders herein.
The first annual meeting of stockholders
Tor this purpose and for the transaction
OF such other business as may properly
come before them, shall be held on the
hrst Tuesday of March A. ID. 1906, and
such annual meetings shall thereafter
be held on the same day in each sue
ceeding year. The officers of this cor
poration shall consist of president.
vice president, secretary and treas
urer. Until such board of directors
snail have been elected, the following
named persons who are subscribers to
one share each of the capital stock of
TINS corporation, shall constitute the
BOARD OF dlrectors:-A. w. Sydnor, A.
II. Stems, J. b: Whelan, Annie Sgd
nor and Z. z. Whelan, and until such
time the following named persons are
hereby made and constituted the Off
GERS OF this corpOration:-E. P. Whe-
Ian, president; A. H. Sterns, vice pres
ldent; A. W. SydnOr secretary and
treasurer. Such board of directors
snail have power to fill all vacancies in
SUCH board or the Offices thereof caused
by resignation or otherwise, and until
Their successors are elected and quail
ned, such board and such officers are
hereby given the power and. authority
to do and perform any and all duties
usually connected with like offices.
which powers and duties while SO act,
ing as such officers and directors of this
corporation, shall include the adoption
OF corporate seal and the affixing
thereof to any stock certificates or
other instruments of writing which NAV
be issued or executed by them under
the powers herein conferred, as well as
the adoption of all necessary bylaws
for the internal conduct and manage
ment OF the affairs of this corporation.
No director performing any duty i'm
posed upon him as a director of this
corporation shall receive any salary or
compensation therefor.
ARTICLE VI-The highest amount of
or liability to which this
corporation shall at any time subject
itself shall be and is hereby fixed at
the sum of Two Hundred Thousand
Dollars.
ARTICLE VII-Privste property of
stockholders in this corporation shall be
exempt from liability for the payment
OF corporate debts.
In witness whereof the incorporators !