Arizona silver belt. [volume] (Globe City, Pinal County, Ariz.) 1878-19??, 1905-09-07

alton may have such branch Offices
either within or without the Territor,
OF Arizona, as may be established by
the Board of Directors.
SEcoND-The general nature of the
business proposed to be transacted by
this Corporation is as follows, to-wit
10 Make contracts, to purchase, lease,
bond, locate, or otherwise acquire, own,
exchange, sell, or otherwise dispose of,
pledge, mortgage, hypothecate and deal
IN real estate, and any and all kinds of
personal property, mines, mining claims,
oil lands, mineral lands, oil, gas, as
phaltum, petroleum, asbestos, salt,
water and water rights and machinery,
and 10 work, mine, explore, operate
ana develop the same, and, in gener-
al way, To do all things necessary to the
proper conduct of the business of this
Corporation, in the Territory and else
where, not Inconsistent with the laws
OF the United States and the Territory
of Arizona; and to construct, maintain
and operate such railroad or tramway
as may be deemed necessary or conve-
nient between its principal works or
mining premises and some existing rail-
iodu, vi puDHC highway.
THIRD-The authorized amount of
capital stock Of this Corporation shall
be One Million Dollars Isl, 900, 0O0), d.
vided into one million shares of the par
value of One Dollar ($l.00) each. AT
such times as the Board of Directors
may by resolution direct, said capital
stock shall be paid into this Corpora
ton, either in cash or by the sale and
transfer TO it of real or personal prop
erty, for the uses and purposes of said
Corporation, in payment for which
shares OF the capital stock of said Cor
poration may be issued, and the capital
stock SO issued shall thereupon and
thereby become and be fully paid up
and worcestershire, and in the absence
of actual fraud in the transaction, the
judgment of the Directors as to the
value of the property purchased shall
be conclusive
FOURTH The time of the commence
ment of this Corporation shall be the
date of the filing of these Articles of
Incorporation in the office of the Coun-
ty Recorder, and the termination there
Of shall be twenty-five years there
after.
FIFTH-The affairs of this corpora
ton shall be conducted by a Board of
five 90 Directors, and the following
named shall constitute the Board of Di-
rectors until their SUCCESSORS are elect
ed w. w. Kaye, II. w. klipstein, Jr.,
c. V. Anderson, T. +. Klipstein, and
+. l.. Foster. Thereafter the Board OF
Directors shall be elected from among
the stockholders on the second Satur-
day of April of each year. The officers
Of said Corporation, until their success
sors are elected, shall be W. w. Kaye.
President; +. l.. Foster, Vice Presi-
dent; H. w. klipstein, Jr., Secretary;
and c. V. Anderson, Treasurer.
SIXTH 1.-THE highest amount of in
debtedness or liability, direct or contin-
gent, to which this corporation is at
any time subject, shall be One Hundred
Thousand Dollars $500, 0OO), which
does not exceed two-thirds the
of the capital stock
SEVENTH The private property of
the stockholders of this corporation
shall be exempt from corporate debts
Of any kind whatsoever
In witness whereof. we have hereun-
to set our hands and seals this 18th day
sc I,,l,,