Bisbee daily review., 1906-10-16


 the management and control of the business affairs of the corporation, and for the control of the officers thereof. not inconsistent with these Articles o1 Incorporation, the laws of the Territo- " of Arizona. and the laws and consti- tuition of the United States of America A majority of the Directors shall con stitute a uorum for the transaction of any business and affairs of the corpor- ation. The private property of the shareholders and members of th.s cor uoratfun shall be exempt from any and all liabilities or corporate debts of the corporation. and each and every one of the members and shareholders of the corporation present and future. and their private property, arc hereby e, empt from liability for corporate debts of the corporation.
 -Four h-That the general nature of the business to be transacted by tho said corporation is: To locate, pur- chase. lease. hold. work, develop. se mortgage and dispose of mines a- mineral lands, mill sites. timber lands and ranches, electric light plants, foundries and power plants. wa ter and water rights. ditches and ac- oueaucts. wagon roads. railroads and tramways, sailing vessels and steam CTS, leading from it's principal works to existing highways. railroads. nayi- gable streams and seaports. franchises. machinery and apparatus, stamp mills, smelters and refineries and processes and to maintain. use and operate the same for mining, extracting. milling, reducing. refining and otherwise dis posing of ores for the recovery of gold silver. copper and other metals and mineral oils. Also to own, sell. pur- chase, mortgage and otherwise to ac- uuire and dispose of real estate, mort gages, shares. stock. debentures. se- curities, concessions and other proper ty including townsites. and to mine ex- tract, reduce and smelt. refine and treat, ship and handle ores and oil for itself and custom. Also to own and hold the stock of other corporations, and to have power to purchase. hold and reissue the shares of its own cap ital stock Also to deal in merchan- disc, to create indebtedness and exc cute promissory notes. and other evil dences of indebtedness, and to secure the payment thereof. and to pay the same in capital stock or money or oth- erwise. it being provided that the high est amount of indebtedness and liabii- ity shall not at any time. exceed in the aggregate, the sum of Five hunIred Thousand Dollars (s500,090) and to do and perform any and all acts nec- essary to be dcne, for the purposes aforesaid, whenever and wherever deemed advisable by the Board of Di- rectors of said corporation, within said Territory, within the United States and Republic Of Mexico"
 That the president and secretary of said corporation be directed to take all such proceedings as may be necessary to carry out the provisions Of this res olution, and in conformity with the laws of the Territory of Arizona" NOW, THEREFORE, pursuant to said Resolution notice is hereoy gwen that Articles Third, Sixth and Tenth of the original Articles of incorpora- ton of Arizpe Mining Company. and article Fourth of the amended Arti- cles of Incorporation of the Ari8pe Mining Company, as the same appear of record in the office of the Recorder of Cochfse County. Ter ritory of Arizona, and in the office of the Auditor of the Territory of Arizo- na. is hereby amended so as to read as follows:
 "Third-Tne capital stock of said corporation shall be Three Million Dol l lars Cs3 GOO. .O00D divided into Six Hun | dred Thousand shares t600,000) of the par value of Five Dollars tS5) each. These shares when issued, snail be fully paid and non-assessaDfe. Said i capital stock or any part thereof may i be sold for cash, or may be issued in payment for property. services, rights | or interests purchased or otherwise ac ouired by said corporation, upon such terms as the Board of Directors may determine.
 1 "SiXth-The management and con ' trol of the corporaUion's business and affairs and property shall be vested and conducted by a Board of Direc- tors, consisting of not less than three tS) nor more than fifteen 15) direc. tors, who shall be selected each year from the shareholders at the regular annual eeting. as the bylaws may direct; they shall hold office for one year and until their successors are elected. That until tho ensuing an nual meeting of the stockholders, the BCard Of DlrecJOrS snail cOnSlSL or as many directors, not less than three t5l nor more than fifteen (15) as the pres ent Board of Directors may designate and the present Board of Director: shall have the power to designate tho persons to constitute the Board of Di lrectors until the ensuing annual meet irg, and until their successors ar, elected and qualified.
 "Tenth-The Board of Directors ar
 authorized to establish bylaws aud t alter and amend same, and saiu Boar
 of Directors are empowered by resc
 II tions passed by a majority of th
 whole Board, to designate three 0
 n ore directors to constitute an execr tive committee, which committee, |,
 the extent provided for in the bylaw ; of the corporation, shall have and ma
 execute the powers of the Board c Directors in the management or rn business and affairs of the company : and shall have power to authorize tn ' seal of the corporation tn be alike : to all papers which may require i lopd ca:d Ezyocfttivo C0Tnmitfpo nav aQ