Arizona republican., 1905-10-25

the directors may find directly or in- directly conducive to the development of 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- ations, companies, oF. associations
 '. To enter into arrangements and contracts with any person or corpora tion owning mining properties. ma lchinery factories, franchises or plants. adjacent to, O. which can be of req sOnable use to this company for the exchange of traffic, tramway service, operating portion, joint workings or otherwise. as the board of directors may 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 pany, and to hold mortgage, or dis pose of such real or personal property. leases options. stocks. bonds and obli- gatiOns of other companies, and gener- ally to transact any and all business. and to do any and all things that may in any wise be necessary, incident or 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 the board of directors may designate. in money, property. labor. or any other valuable right or thing. and the 1udg- ment of the board of directors or man. aging officers as to the value thereof shall he conclusive
 Fourth: This corporation is formed to endure for twenty y-five years after it's articles are duly executed but it's charter rights may be renewed. (be- fore its charter expires) from time to time for periods not exceeding twenty five years at 9 time, perpetuaHv
 Fifth. That the officers of said cor poration, to conduct it's affairs shall consist of five persons, viz. B. P. An dersOn, W. D. Shemwell. J. A. Elston. s R. Earnest, of the city of Colorado Springs, Fl Paso county and state Of Colorado, and Jerry Culbertson of liar 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 tnird Tuesday in October of each year here after during 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
 Seventh. That the private property of each officer and stockholder of said corporation, is to be exempt from all corporate debts, liabilities or obIiga- tions.
 Eignth. The capital stock of this corporation shall be, and is hereby made forever on-assessable for any purpose.
 Ninth This company shall keep a local office at Phoenix. Arizona. and may keep other offices and places Of business within or without the terri tory of Arizona, as the board of di- rectors may determine. at which place or places, all incorporators'. stock holders, and directors meetings may De held and all corporate business may be transacted
 Tenth. The principal business and operations of said company shall he carried on in the Chief mountain min ing district in Lincoln county. in the state of Nevada, and may be extended 10, and carried on in any other county or counties in the state of Nevada. as in the Judgment of the directors it's business or interests may require; and the said company may also carry on business in any of the e--4-- ~- ter ritories of the United States. as the 1f q
 Eleventh. Any meeting of the board of directors for the election of officers. or for any other purpose. may be held at any office of the company. either within or without the territory of Ari zona.
 Twelfth. The directors of our said company shall have the power to make such prudential bylaws as they deem proper for the management and disno- sltlon of the stock and business af- fairs of said company. and it's opera dons, not Inconsistent with the laws of the territory of Arizona, and the pre- scribed duties of the officers and ser wants that may be employed by said company. and for the appointment Of their officers and for the carrying on or 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- Der, an executive committee. consist ing 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 papers.
 The board of directors may appoint not only other officers of the corpora tion, but also vice president, an as