Bisbee daily review., 1905-01-08

- connection with mining operations or acquired by, workmen or others em- ployed by the Company: to construct, carry out, improve. manage, work, control and superintend any roads, ways. railways, bridges, reservoirs, watercourses, aqueducts, wharves furnaces, mills, crushing works, hy- draulic works, electric works, fac ltories. warehouses and other works and corveniences which may seem di- rectly and indirectly conducive to any of the objects of the Company, and to contribute to. subsidize. or otherwise a.G or partalze in any such operations, to buy, sell or otherwise dispose of the capital stock of this or any other corporation and generally to do any and all acts and things and transact amy and all other business incidental to the purposes aforesaid and not contrary to the laws of the Territory of Arizona or Of the United States of America.
 " That the amount of capital stock of the said Corporation shall be Three Million Dollars, divided into Two Hundred Thousand Shares of a par value of Fifteen Dollars each. payable in money property, labor or any other valuable right or thing. and the judgement of the Board of Direct ors as to the value thereof shall be consluSive; and furthermore that the payments on such stock shall be sub lject to call by the Board of Directors. ' Y. That the time of the commence ment of said corporation shall be i'm mediateiy on fling these articles with the Recorder of the County Of Cochise Arizona. and the Auditor of the Ter ritory of Arizona, and such existence shall continue for a period. of twenty | five years from and after the date oi said filing
 r VI That the affairs of said Cor pOration shall be conducted by a Board of Nine Directors. who shall be stockholders of the corporation and shall be elected at the annual meeting of the Corporation on the second Wednesday of Novem Der in each year. and the Off 1 cers of said Corporation shall be a President and Vice President. both to be elected by the Board Of Direct Ors from their own number; a Secre tary. Treasurer and such other of ficers as the Board of Directors may deem necessary who may be chosen i from among the stockholders. The ! for the current year and until thei, successors are choser and qualified iare:-
 John Dauieli. Calumet. Mich Paul F. Roehm, Calumet, Mich Thomas Maslin, Calumet, Mich Edward Udseth. Calumet, Mich William R. Oates, Calumet, Mich. A E. Deli, Marquette. Mich Benjamin Chynoweth, Houghton Mich
 ". Frank James, Houghton, Mich. w Fl. Brophy. Bisbee. Arizona. VII That the said Corporation is not at any time 70 subject itself to 8 greater liability than Five Hundred Thousand Dollars except upon the written consent of the holders of one half of the Capital Stock outstanding at the time the obligation Is incurred and in 30 case shall such Indebtedness be incurred to an amount exceeding two-thirds of the outstanding capita stcck.
 ! VIII. That the private property oi the stockholders of said corporation shall be exempt from liability for cor porate debts.
 IN WITNESS WHEREOF, we have hereunto set our hands and seals thi:
 23d day Of December. A. D., 1904. ". FRANK JAMES. (Seal.) 1 JOHN DANIELL (Seal) | PAUL. P. ROEHM. (Seal.l
 EDWARD ULSETH (Seai)
 WILLIAM R. OATES. (Seai) State of Michigan
 County Of HUughton. ss.
 Before me, William Johnson, a No ltary Public in and for the County 0 IHoughton. State of Michigan. on thi day personally appeared w Franl James. John Daniell. Paul P. Roehm lEdward Ulsetth and William R Oates. known to me to be the person
 whose names are subscribed to tn
 foregoing instrument and acknow iedged tn m@ that they executed tn
 same for the purposes and considers ition therein expressed.
 Given under my hand and seal c ioffice this 23C day of December. A. D j1904
 WILLIAM JOHNSON. (Seall Notary Public
 My commission expires August |
 1905.
 Filed in the office of the Count
 Recorder of Cochise County Arizon ID 1905.
 Filed in the office of the Auditor C the Territory Of Arizona. January ?, d [ Dboanfv A n 1005