Bisbee daily review., 1906-03-28


 or places. and may have its works and property. and do and transact busi- ness at such place, as it may deem convenient, or profitable. and it's di- rectors may meet, and transact buSi- ness al such places. as they may from time to time designate. either within or without the Territory of Arizona.
 ARTICLE III. 1 The general nature of the business proposed to be transacted by this cor poration is:
 | l. The acquiring of mines, mill sites. smeiter sites. water locations and privileges, oil and gas wells, stone, timber and agricultural and other lands. and renting, selling, operating and dealing in the same, and the prod ucts thereof;
 | ?. The mining and reduction of minerals and metals, and the acquisi- ton of all necessary property thereto; The manufacturing, purchasing or otherwise acquiring of goods, wares and merchandise, and personal prop erty of every description, and buying and selling. dealing in and disposing of same.
 l 4. The acquiring, "by purchase or otherwise" of telegraph and telephone lines, railways and tramways of every description, canals and ditches, cleo tric power plants, and 10 make use of these in any manner that may be deemed advisable by the board of di- rectors;
 5. This corporation may also issue Iwarrants. bonds, debentures and other negotiable instruments, or ortherwise secure the same, may pledge or hy- pothicate the property, or earnings of the company, whenever in the Juogment of the board Of directors, if may seem proper, or necessary for the good of the company;
 | 6. This corporation shall have ex- press power to hold, purchase, or otherwise acquire, and to sell. assign, transfer, mortgage, pledge or other wise dispose of bonds. debentures, or iGther evidences of indebtedness, and the shares of capital stock of other corporations, and vote such ehares; II :. This corporation shall have pow CT to make contracts, and to acquire and transfer property, possessing the same powers in respect thereto, as private individuals now enjoy. ARTICLE W.
 The corporation shall commence, at tue time of filing for record. its Ar ticies of Incorporation. in the office of the County Recorder. of CochlSe County. Territory of Arizona, aud the filing of certified copy thereof, with lthe Secretary of the Territory of Ari. zona, and it shall endure for twenty . five (25) years thereafter.
 ARTICLE Y.
 Section ]. The capital stock of this corporation shall be Five Hundred Thousand Dollars (s50O, ,00O0O) divided into One Hundred Thousand Shares , 100000 of the par value of Five Dollars each (s5.0O) which said shares Of capital stock shall be issued in such amounts and proportions as shall De determined by the Board of Directors and as may be permitted by law. Section ,. The time when and tIe !, condition upon which said capita ' stock shall De paid in. shall be as fixed by the Board of Directors. and said Board may when it deems it tc , bc to the best interest of this CUrpOr ation. issue said stock below par, oI issue same in payment for property transferred to this company. , Seclicn 3. All the stock issued a' r above mentioned shall be non assess , able.
 ARTICLE VI.
 Section l. The highest amount O
 indebtedness or liability direct or con , Iingent, to which this corporation shal f be at any dime liable for, will in nC case exceed the sum of One Hundred , Thousand Dollars (s10O, ,000.00l. f Section ?. The stockholders of thi! Corporation and their private property
 shall be forever exempt from ali nU- . porate debts of the corporation. - ARTICLE VII. Section ]. The affairs of this COT : pOr1tion Ghali be controlled and man aged by Board of Five (5l Directors
 elected by. and from among the stock lh1iders.
 l. Section 2. Derectors shall hold of ifice for en CD year, or until their sue
 sessors are elected and qualified.
 Section 5. Persons ceasing to bt
 stockholders, shall cease to be di  . trectors, or officers Of thls corporation ' Section 4. The officers of this COT Iporation shall be president, vice-presi ernt. secretary and treasurer. wht 2 7 shall be elected by the directors. Section ,. The directors shall hay, 2 power to make. alter and amend by flaws, and all needful rules for the gov U lernment Of tlis corporation. and th
 management Cf it's officers. Section G In the event of death, o - resignation, of any Director of thi r corporation, so that a vacancy is ere lated, it may be filled by vote Of th remaining Beard of Directors, and th | person SC elected, shall hold offic 7. until his successor is elected and qua T lifted.
 Section T. Until the first annus detection of directors. and until thei
 successors are elected and qualified s- the following named persons, shall b
 the directors of this corporation z I~.od Cendt;aer Iohu Dnun F I TcI