The Arizona sentinel., 1906-07-18

Yuma, Territory or ArZona, ana IL shtll have branch offices at such points within the United States Of America as may be selected by the Board of Directors, and may lawfully hold its meetings and the meetings of it's Board of Directors and transact the whole or any portion of the business of the Corporation at any such branch office or offices.
 The general nature Of the business proposed to be transacted by this Corporation is as follows tO-wit:
 To mine for gold, silver, copper, lead and aii other precious metals, to buy and sell ores, operate smelters mills and other reduction plants to make contracts; to purchase, lease. bond. locate or otherwise acquire, own, eX- change sell or otherwise dispose of, pledge mortgage, hypothecate and deal in real es- tate and any and all kinds of personal prop erty; mines, mining claims, oil lands, coal lands, mineral lands, oil, gas, coal, shale as- phaltum, petroleum, asbestos, salt water and water rights and machinery, and to work, mine, explore, operate and develop the same; and in general to do all things necessary to the proper conduct of the business of this Corporation in the Territory and elsewhere, not inconsistent with the laws of the United States and the Territory of Arizona. III.
 The amount oJ the authorized capital stock of this Corporation is Three Million dollars | CS3 O0OOOO) divided into Three Hundred Thousand Shares of the par value of ten dollar, (SIOOO each; and such stock shall be non assessable.
 The said Stock may be issued for subscrip- ton in cash. or in consideration of any other property, real or personal.
 The time when such cash subscriptions or other property is to be paid in shall be the | time of the issuance of the said stock, and the condition upon which said cash subscrip- tions or property, real or personal, is to be paid in, shall be determined by resolution fthe Directors of the Corporation authoriz ing the issue Of such stock to the person or persons named in the resolution in consider ation of cash subscription or the transfer to the Corporation of property, real or personal, Directors Of the value of such property, real or personal, paid in for stCck, shall be con- elusive as to it's value.
 The said Company may retain any propor- tion thereof in it's treasury and may sell or l jority of it's board of directors, or in such manner as it's bylaws may provide.
 IV.
 l The time of the commencement Of this cor poration shall be when the articles are filed for record in the office Of the county recorder of the county of Yuma, the county where its principal place of business is to be; and :, certified copy filed in the office of the Territo- rial Auditor and it's termination shall be twenty-five (25) years thereafter.
 The highest amount of indebtedness or lia- bility, direct or contingent, to which this cor poration is at any time to be subjected is the sum of Fifty thousand dollars (s5O,oO0.
 VI.
 The stockholdeT IFS of this corporation and their private property shall be exempt from
 the corporate debts of this corporation, and
 the stock shall be non-assessable.
 VII.
 The affairs ofthis corporation are to be. ant
 they shall be, conducted by a board of di
 rectoTs. consisting of seven directors, who
 shall be elected annually on the first Monday of May of each year next ensuing, provided , that said board Of directors may elect sucl officers and appoint such committee or com mittces from their own number to aid iu tht management of the business and in the con duct of the affairs Of said corporation, as the! may see fit, and vest in such officers and saiC committee all such powers as they may deen , eXpedent.
 The following-named persons shall consti tute the board of directors of this corporation until theIr successors, duly qualified, shal be elected, to-wit: w. C. Tonkin. Col J. w Darlington. T. II. Dudley, Tracy c. Drake | Geo. R. Bentei, N. NJ. Edmond, and w. 4 Bowles; and until the first annual meeting C } the stockholders the beard of directors sha ! consist of seven members.
 | Vacancies in the board of directors shall b filled by the remaining members of the board S or by a vote of the stockholders at specia meeting called by the president for that pul pose.
 ! Immediately or as soon as practicable afte { the filing of these articles for record in tn office of the county recorder of Yuma Count, S Territory of Arizona, and the filing of a ce titied copy in the office of the Territorial Al ditor, the persons named herein to serve unt S their successors, duly qualified. shall | l elected, shall meet and organize as a board ( : directors, adopt bylaw and prescribe in sai ' ! the board of directors and stockholders. : A majority of said directors shall be qu } rum, and any meeting Of said board at whic ! a quorum is present shall be deemed a regul; ( meeting and shall have the same authoIit , as if the full board were present. VIII.
 ! The board of directors of this coIporatfo { shall have power to establish bylaws and } change the same, and to make all rules an ! regulations deemed expedient for the ma ( agement of the affairs of this corporation ar } the officers thereof, not inconsistent with Il , constitution and laws of the United Stat { and laws of this Territory.
 , In witness whereof we have hereanto s ] our hands and seals this 5th day of Jun { l996
 Geo, R. Bentel Seal ! \. NJ. Edmond, lScall ". c, TOnkin Seal