Bisbee daily review., 1906-10-14

ed to make all rules and regulations deemed expedient and necessary for the management and control of the business affairs of the corporation. and for the control of the officers thereof. not inconsistent with these Artic1es oi 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 uorum for the transaction of any business and affairs of the corpor- ation. The private property of the shareholders and members of this cor poration shall be exempt from any and all liabilities or corporate debts of the corporation. and each and every one or the members and shareholders of the corporation present and future, and their private property. are hereby exempt from liability for corporate cebts of the corporation.
 "Fourth-That the general nature Of the business to be transacted by the said corporation is: To locate. pur- chase. lease. hold. work. develop. SC nortgage and dispose of mines ars mineral lands, mill sites. timber lands and ranches. electric light plants. foundries and power plants. wa ter and water rights. ditches and ac- queducts, wagon roads, railroads and tramways. sailing vessels and steam CTS, leading from its principal works to existing highways. railroads. navi- 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- quire and dispose of real estate, mort gages, shares, stock. debeutures, 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 evi- dences of indebtedness, and to secure
 
 same in capital stock or money or oth- erwise, it being provided that the high est amount of indebtedness and liabil- ity shall not at any time. exceed in the aggregate, the sum of Five hundred Thousand Dollars (s500,000) ana to do and perform any and all acts nee essary to be dcne. for the purposes aforesaid, whenever and wherever oHt hu hn of n 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 herepy 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 Arizpe Mining Company, as the same appear of record in the office of the Recorder of Cochise 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-The capital stock of said corporation shall be Three Million Dol lars (s3.000.000) divided into Six Hun Gred Thousand shares (600 000) of the par value of Five Dollars (s5) each. These shares when issued, shall be fully paid and non-assessaoie. Said capital stock or any part thereof may be sold for cash, or may be issued in payment for property, services, rights or interests purchased or otherwise ac quired by said corporation, upon such terms as the Board of Directors may determine.
 "Sixth-The management and con- trol of the corporations business and affairs and property shall be vested Il and conducted by Board of Direc- tors, consisting of not less than three t3) nor more than fifteen 15) direc- tors, who shall be selected each year from the shareholders at the regular annual n eeting. as the bylaws may direct; they shall hold office for one year and until their successors are elected. That until the ensuing an- nual meeting of the stockholders, the Board of Directors shall consist of as many directors, not less than three (3J nor more than fifteen (15) as the pres ent Board of Directors may designate, and the present Board of Directors shall have the power to designate the persons to constitute the Board of Di- rectors until the ensuing annual meet irg, and until their successors are elected and qualified.
 "Tenth-The Board of Directors are authorized to establish bylaws aud to alter and amend same, and said Board Of Directors are empowered by reso- II tions passed by a majority of the whole Board, to designate three or II ore directors to constitute an execu- tive committee. which committee, to the extent provided for in the bylaws of the corporation, shall have and may execute the powers of the Board of Directors in the management or the business and affairs of the company, and shall have power to authorize the seal of the corporation to be affixed to al uonarc uubioh may raruir, if