Arizona republican., 1906-04-21

ever it's directors may see fit and de- termine, and to mortgage or otherwise cucumber its mines placer deposits, or its plants. or the DrincIpal machinery, as and when thereunto authorized by law and to do any and all acts and things necessary, incident. appropriate or relating to the aforesaid purposes or any Ot them.
 10 engage in and carry on a general mercantile business, so far as, m the opinIon Of the directors, it may be nec- esSary 10 do so Tor the purpose Of pro Vidlng provisions and supplies used to be used in carrying out the objects herein set forth.
 And generally to transact any and all | lawful business incident, appurtenant or relative to the various lines of business herelnbeIore referred 10 or any Of them.
 The amount of the capital stock of said .OO0, and the number of shares of which said stock shall consist shall be one million shares, of the par value of one dollar (Sl.OO.
 The time of the commencement of the corporate existence of this company shall be the date of the filing of a copy of the said articles duly certified by the county recorder of county with the ter ritorial auditor and the Termination thereof shall be twenty-five years there after, and its charter rights may be re- five years upon the vote of three-fourths of the stockholders given at a meeting duly called for that purpose
 The affairs of this corporation shall be conducted by board of directors who shall be elected annually by the stock holders; the number of said directors shall be not less than two nor more than eleven, and the names of those who shall manage the affairs of the com pany for the first year of it's corDor- ate existence and until their successors shall have been elected and qualified, are R. B. Higbee and C. M. Higbee.
 The annual meeting of the stOckhold- transaction of other corporate business shall be held on the second Tuesday of January in each calendar year, and may be held beyond the limits of the terri tory of Arizona.
 The directors meetings may be held within or without the territory of Ari- zona, as may be provided by the bylaws. and the right to vote by proxy at the meetings of both stockholders ana the directors is hereby established. The di- Tectors have the power to elect. desig- nate and appoint such officers and agents of the company as they may con Sider necessary or expedient, and to re- move the same at pleasure and to fix the salary Of such officers and agents
 The highest amount of indebtedness or liability. direct or contingent, to which subeef S oT WRch sha sha 6ey @g either directly or indirectly. by this com pany, shall in no event exceed tn amount or be equal to two-thirds of the said cap ital stock.
 VIII The private property of the stockhoId- l CTS of this corporation shall be and is exempt from all liability for the debts
 
 there shall be no individual liability on the part Of the stockholders of said cor poration for corporate obligations. All of the stock of said company shall be non-assesSable and all or any part 1 tnereOt may be issued, full paid, in pay m ant for labor done, or services render 1 ed and performed. or in the purchase of 1 and payments for mines mineral or pla- 1 cer deposits, mining other property. 1 or rights thereto, or interest therein. or l for water, ditch. or reservoir rights | nF- Tor mill ufacturies, buildings. machinery or other | property as and when deemed by the | the business of the company. and when | SC issued shall be full paid stock and | not liable to any further calls or assess | ments. The directors of said company shall | have the power to make, alter, amend ! and repeal such bylaws as they may | deem proper for the management of the l affairs of the company, not inconsistent | with the laws of the territory of Ari- | zona for the purposes of said company. | In witness whereof, we have hereunto | set our hands and seals this seventh day |
 R. B. HIGBEE, CseaI)
 C. NJ HIGBEE. (SeaD | Signed sealed and delivered in the | presence of
 K. W. SULLIVAN.
 T. s. RICHWORTH.
 State of Minnesota.
 County of Ramsey-ss
 On this Sth day of March, A. D., 1906. before me, notary public. in and for said county and state aforesaid. residing therein, duly commissioned and sworn personally appeared R. B. Higbee and c. ] NJ. H1gbee. known to me to be the per sons described in, and whose names are subscribed to the foregoing instrument 1 and they acknowledged before me that l they executed the same for the purposes and considerations therein expressed as their free and voluntary act and deed Tn witness whereof. I have hereunto 1 set my hand and affixed my official seal at my office in the state and county aforesaid, the day and year last above written.
 (SealO IT S RICHWORTH
 Notary Public. Ramsey county Minn My commission expires July 2. 1910.