Arizona silver belt., 1906-04-05


 of way, or other easements, mills, smelters, or other m machinery, saw mills, stores, hotels, boarding houses, ves- sels, tramways, or other kinds of prop erty.
 THIRD. To contribute in any manner to the expense in promoting, constructing, improving, or maintaining in any part of the world, of any kind whatever, however owned, which in the judgment of it's board of directors for the time being may he calculated, directly or indirectly, to advance the interests of the Company, and to buy or otherwise acquire, hold, guarantee, pledge, or contract with reference to- or other wise dispose of in any manner the. shares, bonds, obligations of this or of any other corporation, or of individu- als.
 FOURTH.
 To promote, maintain, do, perform, execute, acquire, own, hold, or dispose of, each, all, or anything incidental, convenient, or proper in the judgment of the board of directors for the time being, to carry out or perform any of the matters, things or purposes afOre- said, or connected herewith, or to exer- else or acquire any rights or franchises or privileges which may deem ne- cessary, requisite, convenient, useful, incidental or auxiliary, to any of the purposes, objects or things herein, or that in the judgment of the board of directors may tend to advance the in terests of the Company directly or in- directly.
 The amount of the capital stock of this corporation shall be Two Million Dollars, divided into Two Hundred Thousand Shares of the par value of Ten Dollars Each; such stock shall be forever non-assessable, and the time when and the conditions which it is to be paid are as follows, to-wit:
 The whole of the capital stock may be paid in cash or in property or valu- able services necessary for the pur- poses of the corporation, upon resOlu- | tion of the board of directors and evi- dence of title and value satisfactory to said board of directors.
 SIXTH.
 The time of the commencement of this corporation shall be the date of the filing of these Articles for record in the office of the Auditor of the Terri tory of Arizona, and tn. termination thereof shall be twenty-five years | thereafter
 SEVENTH.
 The affairs of this corporation are to and they shall be conducted by board of directors consisting of not less than | five persons and not more than nine, to be determined by majority vote of the stock, who shall be elected annu- ally on the 3lst day of March, A. D. 1906, by the stockholders, and on the said date annually thereafter during i the life of this corporation, and no per son shall be eligible to the office of board of directors unless he is a stock holder in the corporation; said board of directors shall ha power to fill any va ,ancies occurring in their body, but this shall not be construed to mean that such board of directors may create vacancy, and until the election of such board of directors the incorporators herein shall manage the affairs of the said corporation.
 EIGHTH.
 The highest amount of indebtedness or liability, direct or contingent, to which this corporation is at any time to be subject is the sum of Fifty Thous- and Dollars.
 i The stockholders of this corporation and their private property shall be ex- empt from the debts of the corpora | tion.
 The board of directors of this cor poration shall have power to establish bylaws and make all rules and regula- tions deemed expedient for the man agement of it's affairs and the officers thereof, not inconsistent with the Con- stitution and the laws of the United States and the laws of the Territory of Arizona; said board of directors shall have no power to mortgage or incumber or sell the property of the Company without majority vote of the stock of the Company ratifying the same,
 ELEVENTH.
 The officers of this corporation shall consist of President. Vice President, Treasurer, a Secretary and General Manager, who shall be elected by the stockholders on the 31st day of March, 1906, at 2 o'clock p. m., and annually thereafter on the same date, the off cers to serve until the annual meeting 1906, or until their successors duly qualify as stockholders shall be elected, shall be the incorporators herein and stockholders by them appointed here after.
 In Witness Whereof, we have here unto set our hands this 18th day of l March, A. D. 1906.
 LUTHER c. STEWART