Arizona silver belt., 1906-05-03

Ine COMPANY, anu W uuy VI olliei WioS
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-
ais.
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.
FIFTH.
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 worcestershire, 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
| ton of the board of directors and evil
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. ID.
1906, by the stockholders, and on the
said date annually thereafter during
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 fiji any
va .ancies occurring in their body, but
4 l. Oh he. ct, 10, hot
such board of directors may create q
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, t
; which this corporation is at any time t
be subject is the sum of Fifty Thous
and Dollars.
NINTH.
The stockholders of this corporation
and their private property shall be ex
empt from the debts of the corpora
ton.
TENTH.
The board of directors of this cor
poration shall have power to establish
bylaws and make all rules and regula
lions deemed expedient for the man
agement of its affairs and the officer!
thereof, not inconsistent with the Con
stitution and the laws of the United
States and the laws of the Territory O
Arizona; said board of directors shall
! have no power to mortgage or incumbe
or sell the property of the Compan!
: without majority vote of the stock o
the Company ratifying the same,
ELEVENTH.
: The officers of this corporation shal
consist of President, Vice-President