Bisbee daily review., 1906-03-30

or places. and may have it's works and
 property. and do and transact busi
 ness at such place. as it may deem
 convenient, or profitable, and it's di-
 rectors may meet, and transact bust
 ness at such places, as they may from time to time designate, either within
 or without the Territory of Arizona. | ARTICLE III. | The general nature of the business
 proposed to be transacted by this cor
 poration is:
 l. The acquiring of mines, mil
 sites. smeiter sites, water locations
 and privileges, oil and gas wells. stone.
 timber and agricultural and other
 lands. and renting, selling, operal ing
 and dealing in the same, and the prod
 ucts thereof;
 2. The mining and reduction of
 minerals and metals, and the acquisi-
 ton of all necessary property thereto; The manufacturing. purchasing
 or otherwise acquiring of goods. wares
 and merchandise, and personal prop erty of every description, and buying
 and selling, dealing in and dispOsing
 Of same.
 I. The acquiring, 'Sby purchase or otherwise" of telegraph and telephone lines, railways and tramways of every description, canals and ditches, cleo triC power plants. and to make use of these in any manner that may be l deemed advisable by the board of di-
 rcctors;
 ,. This corporation may also issue warrants, bonds. debentures and other
 negotiable instruments, or ortherwise
 secure the same, may pledge or hy- | pOJhicate the property, or earnings ; of the company, whenever in the judgment of the board of directors,
 it may seem proper, or necessary for
 the good of the company; G. This corporation shall have ex-
 press power to hold, purchase, or otherwise acquire, and to sell. assign, 1 transfer. mortgage, pledge or other
 wise dispose of bonds. debentures, or
 other evidences of indebtedness, and he shares of capital stock of other corporations, and vote such ehares; [. This corporation shall have DOW CT to make contracts, and to acquire and transfer property, possessing the
 same powers in respect thereto. as
 private individuals now enjoy. ARTICLE W. The corporation shall commence, at
 tue time of filing for record, its Ar ticies of Incorporation, in the office Of the County Recorder. of Cochi5e County. Territory of Arizona, and the filing of certified copy thereof, with he Secretary of the Territory of Ari zona, and it shall endure for twenty s.Te (25D years thereafter. ARTICLE v. Section I. The capital stock of this
 corporation shall be Five Hundred Thousand Dollars ($500, ,000. .00) divided into One Hundred Thousand Shares 100 .00o) of the par value of Five
 Dollars each (S5.OOl which said shares
 of capital stock shall be issued in such amounts and proportions as shall be determined by the Board of Directors, and as may be permitted by law. Section ?. The time when and ti.e l condition upon which said capital stock shall De paid in. shall be as | fixed by the Board of Directors. and said Board may when it deems it to
 tc to the best interest of this CUrpor-
 ation. issue said stock below par, or | issue same in payment for property | transferred to this company. Section 3. All the stock issued as | above mentioned shall be non assess able.
 ARTICLE VI. | Section l. The highest amount of ! indebtedness or liability direct or con- | tingent, to which this corps ration shall
 be at any time liable for. will in no
 ease exceed the sum of One Hundred | Thousand Dollars (s1OO, 100000. | Section ?. The stockholders of this
 cOrpUration and their private property,
 shall be forever exempt from all aU-- | porate debts of the corporation. | ARTICLE VII. | Section l. The affairs of this cor pUr1tlon shall be controlled and man- | aged by Board of Five (5) Directors,
 elected by. and from among the stock | E1iders.
 | Section 2. Derectors shall hold of | flee for en CD year, or until their sue
 sessors are elected and qualified. Section 3. Persons cea5ing to be
 stockholders, shall cease to be di-
 rectors, or officers of thls corporation. | Section 4. The officers of this cor
 poration shall be president, vice-presi-
 dent, secretary and treasurer, who
 shall be elected by the directors. Section 5. The directors shall have power to make, alter and amend by | laws, and all needful rules for the gov
 ernment of this corporation, and the
 management of its officers. | Section 6. In the event of death, or
 resignation, of any Director of this
 corporation, so that a vacancy is ere
 atcd, it may be filled by vote Of the
 remaining Board of Directors, and the person SC elected, shall hold office
 until his successor is elected and qual-
 flied.
 !, Section :. Until the first annual
 election of directors, and until their successors are elected and qualified, II : |.