Arizona republican., 1905-10-26

lOf any property, or any business in 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- lations, companies, or associations.
 7. To enter into arrangements and lcontracts with any person or corpora ltiOn owning mining properties, ma lchinery, factories. franchises or plants. ladjacent to, O. which can be of req lsonable use to this company for the leXchange of traffic. tramway service, loperating portion. joint workings or otherwise, as the board of directors lmay 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 lpany, and to hold. mortgage, or dis pose of such real or personal property Ileases, options, stocks. bonds and obli-
 gations of other companies, and gener- Ially to transact any and all business, | and to do any and all things that may y. Iappurtenant 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 num-
 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 .g 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 its charter rignts may be renewed. Cbe- fore it's charter expires) from time to time for periods not exceeding twenty five years at time, perpetuallv
 Fifth. That the officers of said cor poration, to conduct its affairs shall consist of five persons viz. B. P. An derson, W. D. ShemweI 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 company, and who shall manage the 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 iafter during the life of this company. Sixth. That the highest amount of indebtedness or liability to which the lcorpOration 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 l corporate debts, liabilities or obliga- tions.
 Eighth. The capital stock of this corporation shall be, and is hereby
 made forever non-assessabIe for any purpose.
 Ninth. This company shall keep a | local office at Phoenix, Arizona and may keep other offices and places of l business within or without the terri tory of Arizona, as the board of di- ! lrectors may determine, at which place or places, all incOrporators' stock holders, and directors meetings may | be held and all corporate business may be transacted.
 Tenth. The principal business and 1 operations of said company shall be carried on in the Chief mountain min ling 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 1 in the judgment of the directors it's 1 business or interests may require: and
 the said company may also carry on business in any of the e----- 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 i at any office of the company. either within or without the territory of Ari-
 zona.
 l Twelfth. The directors of our said company shall have the power to make
 such prudential bylaws as they deem Iproper 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- Iscribed duties of the officers and ser wants that may be employed by said | lcompany, 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- Iber, an executive committee, consist ling 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 lpapers.
 The board of directors may appoint not only other officers of the corpora tion, but also a vice president, an as lsistant treasurer and an assistant sec retary. and to the extent provided by the bylaws. or by the board of direct lors, the persons so appointed respect