Arizona republican., 1906-04-20

ever it's directors may see fit and de- termine, and to mortgage or otherwlse encum Der. It's mines, pIacer deposits, or it's plants. or the Drinclpal machinery. as and when tneTeunto SuthOrlzed Uy law and to do any and all acts and things necessary, incident, appropriate or relating to the aforesaid purposes or any ot them.
 10 engage in and carry on a general mercantile business, so lar as, m the opinion of the directors, it may be nec- essary to do so for the purpose Of pro- viding provisions and supplies used or to be used in carrying out the objects herein set forth.
 lawful business incident. appurtenant or relative to the various lines of business hereinbefore referred to or any or them.
 The amount of the capital stock of said company shall be one million dollars G1,- OG,0VO. and the number of shares of which said stock shall consist shall be one million shares, of the par value of one dollar Gl.OO).
 The time of the commencement of the corporate existence of this company shall be the date of the filing of a copy of the said articles duly certified by the county recorder of county, with the ter thereof shall be twenty-five years there after. and its charter rights may be re newed for another period of twenty five years upon the vote of three-fourths of the stockholders given at a meeting duly called for that purpose.
 The affairs of this is corporation shall be conducted by board of directors who shall be elected annually by the. stock shall be not less than two nor more than eleven. and the names of those who Pany 5aa for PntR tRe frst hs year of it's c cor6or ate existence, and until their successors shall have been elected and qualified, are R. B. Higbee and C. NJ. Higbee. The annual meeting of the stockhold- CTS for the election of directors and the transaction of other corporate business he hpl m second Tuesday OT January in each calendar year, ana may be held beyond the limits of the terri
 The directors meetings may be held within or without the territory of Ari- i and the right to vote by proxy at the ! meetings of both stockholders anu the ! directors is hereby established. The di- ! rectors have the power to elect. desig- nate and appoint such officers and l agents of the company as they may con- ! slider necessary or expedient, and to re- | move the same at pleasure and to fix | the salary of such officers and agents
 The highest amount of indebtedness or liability. direct or contingent. to which l this corporation shall at any time be 1 either directly or indirectly. by this com | pany. shall in no event exceed :n amount ! or be equal to two-thirds of the said caD- | ital stock.
 The private propert- of the stockhold- ! CTS of this corporation shall be and is 1 exempt from all liability for the debts 1 or obligations of this corporation and 1 there shall be no individual liability or ! the part of the stockholders of said cor poration for corooTate obligations.
 All of the stock of said company shall | he non-assessable and all or any part 1 thereof may be issued, full paid. in pay | mont for labor done, or services render, | ed and performed. or in the purchase ol 1 and payments for mines. mineral or pla- | cer deposits. mining or other property ! or rights thereto, or interest therein. or | l priviliges or priOrities Tor mills. mon- ufacturies, buildings. machinery or other | property es and when deemed by the 1 board of directors to be necessary fol | the business of the company, and when | so issued shall be full paid stock and
 not liable to any further calls or assess l ments.
 The directors of said company shall | have the power to make, alter. amend
 and repeal such bylaws as they may deem proper for the management of the | affairs of the company. not inconsistent | with the laws of the territory Of Ari- zona for the purposes of said company l set our hands and seals this seventh day
 R. B. HIGBEE, CseaID
 C. NJ HIGBEE. CSeaD Signed. sealed and delivered ia the presence of
 1 T. s. RICHWORTH.
 | State of Minnesota.
 | County of Ramsev-SS.
 On this Sth day of March, A. D.. 1906 | before me notary public in and fol | said county and state aforesaid. residing 1 therein. duly commissioned and sworn l personally appeared R. B. Higbee and C 1 M. Higbee. known Co me to be the per ! sons described in, end whose names are ] subscribed tn the foreRoing instrument 1 and they acknowledged before me that | they executed the same for the purposes and considerations therein expressed as 1 their free and Voluntary act and deed | Tn witness whereof. I have hereuntc 1 set my hand and affixed my official sea ! at nnp n fx
 aforesaid, the day and year last above | written
 l CSeal) T. S. RICHWORTH. 1 Notary Public. Ramsey county. Minn