Arizona silver belt., 1905-12-21

poration shall be as follows: To ac- quire by location, purchase and other wise agricultural and mineral lands and mines and mining claims, and to hold, develop, exploit and otherwise use the same, and to sell or otherwise dispose of the same and to lay out townsites, deal in town property and do general real estate business; to buy, sell and deal in the stock of other corporations and to deal in all stocks, bonds, secur- ities and all other obligations whatso- ever, to loan money on security, and to do general banking and broker busi- ness; also, this corporation shall have the power to qualify and act as the trustee, guardian, executor, adminis- trator, receiver, or assignee of any person, property, or estate whatsoever, and to do general business as trustee in every fiduciary relation of whatso- ever kind or nature; to acquire, erect and maintain water works and pipe lines, gas and electric power and light plants and equipments, ice plants and equipment, street car lines and equip ment, and to maintain parks and places of amusement and to maintain stores and do a general merchandise business. ! The amount of capital stock author ized shall be One Hundred Thousand ($1OO, 900. 00) Dollars, divided into ten thousand 100000 shares of the par value of Ten ($l0.00) Dollars per share which said stock shall be issued from time to time as the Board of Directors may provide, and the whole of said stock may be paid for in money, prop erty. or services, upon such terms as shall be accepted by the Board of Di- rectors; that such stock shall be fully paid for when issued and be non-assess- able.
 W.
 The time of the commencement of this corporation shall be the date and the day of the filing of a certified copy of these Articles in the office of the Territorial Auditor and shall terminate twenty-five years thereafter. V.
 The affairs of this corporation snail be conducted by Board of Directors, consisting of nine (9) persons, who are stockholders of this corporation, who shall be elected annually on the first Monday after the first Tuesday in the month of January. or as soon thereaf ter as practicable, by the stockholders, at such time and place at Globe afore- said as may be provided by the bylaws of said corporation, provided that no such person shall hold such office as Di- ! ~a,tn, ftar ha rhan cnaaa tn ha stockhoider in said corporation. The said Board of Directors shall serve without pay and shall have full power to fill vacancies in their number and may elect such officers and may ap- point such committee or committees | from their own number to aid in the management of the business and in conducting the affairs of said corpora tion as they may see fit, such officers and committees to be under the super vision of the said Board of Directors. The following named persons, who are subscribers hereto, shall constitute the Board of Directors of this corporation for the first year and until their sue cessors shall be duly elected and quail fled, to-wit: G. w. P. Hunt, w. H. Butler, N. S. Berray, F. L. Toombs, J. B. Newman, A. F. Maisch, s. L. Gibson, J. L. Alexander and Geo. R. Hill which said Board shall, as soon as practicable after the filing of these Ar ticles, organize and adopt bylaws and rules and regulations suitable for the management of this corporation and its affairs.
 VI.
 The highest amount of indebtedness or liability to which this corporation is at any time to subject itself shall be the sum of Fifty Thousand ($50, ,0OO) Dollars.
 The private property of each stock holder of this corporation shall be ex- empt from all corporate debts whatso- ever.
 In witness whereof, we have here unto set our hands this Eth day of De cember, A. D., 1905.
 N. S. BERRAY,
 GEO. w. P. HUNT,
 F. L. TooMBs,
 w. H. BUTLER,
 S. l.. GIBSON,
 VIM. HENDERSON,
 J. B. NEWMAN,
 A. F. MAIsCH,
 JOHN l.. ALEXANDER.
 GEO. K. HILL. TERRITORY OF ARIZONA, ss
 County of Gila. ss'
 Before me, Geo. Walter Shute, a no, tary public in and for theCounty of Gila, Territory of Arizona, on this day personally appeared c. w. P. Hunt, F. l.. Toombs, w. H. Butler, s. L. Gibson, William Henderson, J.B. New man, A. F. Maisch, J. L. Alexander and George R. Hill, known to me to bt the persons whose names are subscrib ed to the foregoing instrument and wht acknowledged to me that they executed the same for the purposes and con sideration therein expressed. Given under my hand and seal of of flee this 7th day of December, 1905.
 GEO. WALTER SHUTE,
 Notary Public. Seal
 George Walter Shute
 | Notary Public,
 Gila County,
 Arizona.