Arizona republican., 1905-05-15

pany may desire.
 VIII. To pay cash subscribed for,
 exchange 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 proper
 ty including bonds, stocks and obl1-
 cations Of other Companies, rights privileges or franchises purchased by
 the Company, and to hold, manage
 or dispose of such real or personal
 property, leases, options, stocks
 bonds and obligations of other Com
 panies and generally 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 or business of the Com pany
 THIRD. That the amount of capi- l tai stock authorized is One Million. Two Hundred and Fifty Thousand (S1.25OOOO.) dollars, and the number | of shares into which it Is divided IS One Million, Two Hundred and Fifty
 Thousand q, ,25O OOO), of the par value
 of One Dollar ($1) each whlch amount is to be paid in at the date or issuance, or at such time as the Board of Directors may designate in money | proDerty, labor, or any other valua- ble right or thing, and the judgment | of the Board of Directors or naglns
 officers as to the value thereof, shall | be conclusive.
 | FOURTH. This corporation is formed to endure for twenty-five years (25) after its articles are duly executed, but its charter rights may be renewed, Cbefore its charter eN- pires) from time to time for periods 1 not exceeding twenty-five (25) years
 +f,,r,
 FIFTH. That the officers of thas l Corporation, to conduct its affairs i shall consist of a Board of Directors
 consisting of five (5) persons, viz! ,. R. Earnest, George A Cockburn' d. | A Flston, c. c. Graham, all Of the l City of Colorado Springs, in said State | of Colorado, and Russel Prentice, or ! I.ida, Esmeralda County, State or Ne vada. who shall respectively be stock holders in said Company, and who ! shall manage the concerns and busi- ness of the Company for the first V, ar. which Board of Directors are to ] he elected hereafter on the third 1 Tuesday in January of each year dur ing the life of this Company SIXTH. That the highest amount of ! indebtedness or liability to which the Corporation is at any time to subject itself. is One Million Dollars, (Sl-OOO'- OOO).
 SEVENTH. That the private prop ertv of each officer and stockholder of said Corporation is to be exempt from all corporate debts, liabilities or obligations.
 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 Phoe- nix. Maricopa County. in the Territory of Arizona, and branch of fices shall be kept at such ,LoaLn; other places. within or without the Terri tory of Arizona, as the Board of Di- rectors may determine.
 TENTH. The principal business and operations of said Company shall be carried on in The Lida Mining District in Esmeralda County, in the State of Nevada, and may be extend ed to and carried on in any other Couh- ty or Counties in the State of NeNa- da- as in the judgment of the Direct ors. the business or interests may re- oufre. and tl.e said Company may also carry on business 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 or officers. or for any other purpose,- may be held at any office of the Com pany, either within or without the Territory of Arizona.
 TWELFTH. Stockholders meetings may be held outside of the Territory of Arizona at any of the principal of l fices of said Company.
 THIRTEENTH. The Directors or our said Company shall have the pow CT to make such prudential Ry-LaWs as they deem proper for the manage ment and disposition of the stock and business affairs of the said Company and it's operations, not inconsistent | with the Laws of the Territory or l A1iizona, and the prescribed duties or the officers and servants that may be | employed by said Company, and Tor the appointment of their officers, and | for the carrying on of all kinds or business within the objects and pur- | poses of this Company, which By | Laws may be revoked, added to, or | amended by said Directors, in a man l ner to be prescribed in said By-LaWs.
 The Board of Directors by the affirma- tive vote of a majority of the whole | Board, may appoint from their num- | Der, an executive committee consist ing of two or more, and to such an extent as shall be provided by the By Laws, such committee shall respect lively have, and may exercise all or any of the powers of the Board of Di- rectors. including the power to cause the seal of the corporation to be af- fixed to all papers.
 The Board of Directors may appoint not only other officers of the Corpora ton, but also a President an Assistant Treasurer, and an As sistant Secretary, and to the extent provided by the By Laws, 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 .n.- rrH.,c s-,,--n,. and of tha Sacra la IY- |.