Arizona silver belt., 1905-01-12

property, mines, mining claims, oil lands, min eral lands, coal lands oil, gas asphaltum, coal, petroleum, water and water rights and ma chinery, and to work mine, explore, operate and develop the same to build railroads. cleo tric roads, electric light and power llnes tele- graph and telephone lines to do general real estate, manufacturing and mercantile business to own, handle and control letters patent and inventions, and shares of capital stock of other corporations; to borrow money and execute notes, bonds, mortgages, or deeds or trust to secure the same. and in general to do all things necessary to the proper conduct of the business of this corporation in the Ter | ritory of Arizona and elsewhere, not incon- sistent with the laws of the United States and of the Territory Of Arizona. ARTICLE III. he authorized amount Of Capital Stock of this corporation shall be One Million Dollars Csi 900 COO divided into One Million q ,O0OOO0) shares, Of the par value of One Dollar (sI.OO) each At such time as the Board Of Directors may by resolution direct, said capital stock shall be paid into this corporation, either in cash, or by the sale and transfer to 1t of real or personal property for the uses and purposes ofsaid corporation, in payment for which shares of the capital stock Of said corporation may be issued and the capital stock so issued shall thereupon and thereby become and be fully paid up and non -assessab,e and in the ab. sence of actual fraud in the transaction she judgment of the Directors as to the value Of the property purchased shall be conclusive.
 ARTICLE "
 The time Of the commencement of this cor poration shall be the datS Of the filing of a certified copy Of these Articles of Incorpora- ton in the office of the Auditor of Arizona Territory, ard the termination thereof shall be twenty-five years thereafter
 ARTICLE V
 The affairs Of this corporation shall be con. ducted by board of five 6)dirsctors, and the following named persons shall constitute the Board of Directors until their successors are elected viz: E. F. Eisenhour, Chas T. Mar. tin, W. H. Butler. W D. Fisk and C. l, Lewis and thereafter the Board Of Directors snSu be elected from among the stockholders on the first Monday n December in each year Said Board of Directors may be increased to seven at any regular or special meeting of the stock. holders of this corporation by a majority vote Of the stock then outstanding and repre- sented at ihe meeting. and such Directors shall thereafter be elected as herein proyid ed The officers of said corporation until their sue cessors are elect ed shall be- F. F. Eisenhour president; W H Butler, vice president; Chas. T. Martin secretary and treasurer.
 ARTICLEv VI
 The highest amount of indebtedness or ua- bility direct or contingent to which thls corpor- alton Is at any time subject shall be Four Hundred Thousand Dollars GiOOOO0 which amount does not exceed two-thirds of the amount of the capital stock.
 ARTICLE VII
 The private property of the stockholders Of this corporation shall be exempt from all coI porate debts of any kind whatever.
 In witness whereof we have hereunto set our hands the twenty-lirst day Of December A. D. 1904
 F. F EISENHOUR
 CHAS. T. MARTIN
 WILLIAM II. BUTLER
 " D. FISK
 CT LEWIS OF ARIzONAts
 County of Gila.
 Before me, Hinson Thomas a notary public in and for the County Of Gila, Territory Of Arizona on this day personally appeared E. F Eisenhour, Chas. T. Martin, W II. Butler. W D. Fisk and c. I Lewis personally known to me to be the persons whose names are sub scribed to the foregoing instrument and they acknowledged to me that they executed the same for the purpose and consideration therein expressed.
 Given under my haud and seal of office this lSeall 2lst day Of December, A. D. 1904.
 HINSON THOMAS.
 Notary Public. Gila County. Arizona. ,ts.1f.. TA..., D flna