Arizona silver belt., 1906-12-02

t' NoiuV, Iii'Ns Huoiitys ai't VI tuNifVt- ment, both within and without the Territory of Arizona, and in any part of the United States. real estate and real property and any and all inter ests and rights therein; to hold, pur- chase or otherwise acquire. to sell, as sign, transfer, mortgage, pledee, hy- pothecate or otherwise dispose of, its own shares of capital stock, bonds or other evidences of indebtedness. created by any other corporation or corpora tions, and while the holder of such stock to exercise all rights and privi leges of ownership, including the right to vote thereon to the same extent as Il natural person might or could do such and everything necessary suitable and proper for the accomplish ment of any of the purposes or the at tninment of any one or more of the objects herein enumerated.
 Third. That the amount of capital stock is and shall he One Million (Sl.- 000,000) Dollars, divided into one mil lion (l,000.000) shares of the par value of One ($l.00O Dollar per share, which may be paid for at once, or from time to time, and in cash us called for by the directors of said company, or by conveyance, transfer, assignment or de livery of property which may be pur- chased by said company, or by rendi ton of services or performance of labor for said company, or by the satisfaction and discharge of any obligation or obi gations which may he incurred by said company or in any other lawful manner which may he determined upon by the directors of said company
 All shares of stock when issued shall he fully paid and the same shall be forever non -assessable.
 Fourth. That the time of the com mencement of this corporation shall he the time when certified copy of these articles shall he filed in the office of the auditor of the Territory of Ar Zona, and the termination thereof shall be twenty-five years from and after said date
 Fifth. Section 1 The officers by whom the affairs of said corporation are to be conducted are and shall be Five (5) Directors, who shall be annu. ally elected upon the first Tuesday after the first Monday of November each year; provided. that the date of such annual election may be changed from time to time by the bylaws of said company.
 There shall also be President. a Vice President, Treasurer and See retary of said company, and such other officers as may be provided for by by law, all of whom shall be elected or appointed in such manner and at such times and for such terms as the by laws may prescribe.
 The directors shall hold office for one year from the time of their election and until their successors shall have been elected and qualified.
 Vacancies in the Board of Directors shall be filled by appointment, by the board, or president, as the bylaws may provide. Any person so appointed to fill vacancy in the Board of Directors shall hold office until the next annual election and until his successor shall have been elected and qualified. No person shall be director who shall not be at the time of his election or appointment holder of one or more shares of the capital stock of this cor poration.
 Section 2. All election of directors shall be by ballot and every stockholder shall have the right to vote, in person or by proxy, the number of shares standing in his name on the books of said corporation, for any and all per sons as directors to be elected in such manner as is provided by the bylaws of this corporation.
 Section 3. The affairs of this cor poration are to be conducted by a Board of Directors composed of R. B. Morris. John Morris, NJ, l.. Wakeman, Eugene Barrows and D. c. Mcdonald. who shall hold office until the annual election to be held on the 7th day of November, 1907, and until their success sors are elected and qualified.
 Said above named persons herein ap pointed directors are not ineligible as such because of not holding any shares of the capital stock of said company at the time of their appointment as such directors, but each of said directors SO appointed shall become the owner of appointed shall become the owner of one or more shares of said capital stock within sixty days from the date of these articles of incorporation, or in default thereof shall cease to be a director whenever after said period of sixty days, his default continuing, the board of directors shall declare his place vacant for such default.
 Sixth. The highest amount of indcbt edness or liability, direct or contingent Exclusive of its capital stock) to which said company is at any time to subject itself or be subjected shall not exceed Twenty-Five Thousand ($2j j.0O0.00) Dol. lars
 Seventh. The said company shali have power to issue. sell and hypothe- cate it's bonds for the furtherance of any and all purposes for which said company is formed, as set forth in these articles of incorporation, and any amendment or amendments which may be made thereto, and to secure such bonds and other debts and obligations of said company by mortgages, trust deeds, or pledges on any or all cf it's property; and it shall have power to secure sinking fund for the payment or any of it's bonds, debts or obIiga- tions.
 Eighth. That the private property of the members of this corporation and the stockholders thereof, shall be ex- empt from liability for the corporate debts.
 In Witness Whereof, We have here unto set our hands this 26th day of November, 1906.
 F. BARROWS,
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