Arizona silver belt., 1905-11-16
iona where meetings OF the board of
directors may be held.

iona where meetings of the board of
directors may be held.
III.
The general nature of the business
proposed to be transacted by this cor
poration is as follows: To make con-
tracts, to purchase, lease, bond, or
otherwise acquire, own, exchange, sell
or otherwise dispose of, pledge. mort
gage, hypothecate, give or take options
upon or deal in real estate, mines and
mining property, develop and work the
same, to erect and construct buildings
OF all kinds, to lease and let the same
and collect the rents therefor. to do
general real estate and mining bust
ness, to deal in any and all kinds of
personal property, to loan money on
real estate, notes, bonds, or other ap-
proved security, to accept notes, bonds,
mortgages, pledges and other evidences
OF indebtedness from individuals or
other corporations, to purchase, bond,
locate or control or otherwise acquire,
hold, exchange, sell, pledge, mortgage,
hypothecate and deal in franchises, real
estate, mines and mining property, and
any and all kinds of personal property,
to erect, operate and maintain gas works,
electric lighting and power plants, wa
ter power plants, water works systems,
tramways and street railways, to erect
and conduct hotels and lodging and
boarding houses, to borrow money
and execute notes, tonds, mort
cages. deeds of trust or other evidences
OF indebtedness, to secure the
same, to issue and sell debentures and
bonds secured by mortgages on real es-
tate or otherwise secured, to buy, sell
and hypothecate shares of the capital
stock of other corporations, to own, sell,
handle and control letters patent, trade
marks and inventions, and exercise in
respect to all such shares of capital
stock, notes, bonds, mortgages or deeds
of trust and other securities and obliga-
lions any and all rights, powers and
privileges of individual owners thereof,
and in general to do all things neces-
sary and requisite to the proper con-
duct of the affairs of this corporation
under the laws of the territory of Ari-
iona and of the laws of the United
States.
The authorized capital stock of this
corporation shall be One Hundred
Thousand ($lO0, 100000 Dollars, divided
into One Thousand 10000 shares of the
par value of One Hundred ($l00.OW
Dollars 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 contracts
therefor for the use and purpose of this
corporation in payment of which shares
of the capital stock of this corporation
may be issued, and the capital stock so
issued shall thereupon and thereby be-
come fully paid up and worcestershire,
and in the absence of actual fraud in
the transaction the judgment of the
board of directors as to the value of
the property purchased shall be conclu-
sive and final.
Nv.
The time of commencement of this
corporation shall be the date of filing
of these articles of incorporation in the
office of the auditor of the territory of
Arizona, and the termination thereof
shall be twenty-five years thereafter,
V.
The affairs of this corporation shall
be conducted by board OF seven ca
directors, who shall be stockholders in
the corporation, and the following nam
ed persons, who are stockholders in the
corporation shall constitute the board
of directors until their successors shall
be elected, viz: E. M. Hurd, H. V. Smell,
Chas T. Martin, A. T. Hammons. T.
A. Pascoe, w. d. Fisk and R. B. Heg-
ardt.
Thereafter, the board of directors
shall be elected from among the stock
holders annually on the first day of
November of each year. The officers
this corporation, until their successors
are elected, shall be:
L. A. PaScOe. President
H. V. Snell.. .Vice-President
w n Fisk Secretary