Mohave County miner., 1906-08-18

turnpike or canal which may lead from tn,
| principal works of said company, in the diff
ferent counties of said territory, to some nav
igable stream, or to some existing railroad
turnpike or public highway.
To pay any individual or corporation for any
| right, privilege, license, matter or thing re
ceived, either in cash, evidence OF debt, or In
shares of the capital stock Of the corporation
/ organized hereunder at the par value OF such
stock, and at bona tde valuation OF the
right privilege, license, matter or thing so re.
ceived and paio for.
To receive in payment for any right, piivi-
lege, license, matter or thing that may be in
any manner transferred by the corporation
organized hereunder to any other corporation,
either cash, evidence of debt, or shares OF the
capital stock Of the corporation to which any
matter or thing, as aforesaid. is so transferred,
such shares of such capital stock to become
part of the assets Of the corporation, organ
lied hereunder, and to be held. managed, used
and disposed Of as its directors may deem for
the best interests OF the corporation organized
hereunder.
To deal in any evidences of debt received in
payment for any right, privilege, license, mat
ter or thing transferred by the corporation
organized hereunder, as the directors may
deem for the best interests Of the corporation,
as to holding the same, procuring it to be dis
counted, negotiating il, purchasing it. If the
interests of the corporation require such &C
tion, and generally dealing with same accord
ing to mercantile usage and customs. but not
engaging in the business Of banking or in
business Of a corporation intended to derive
profit from the loan and use OF money.
To make contracts. TO purchase, lease. bond,
locate or otherwise dispose Of. pledge, mort
gage, hypothecate and deal in real estate and
any and all kinds of personal property, mines,
mining claims, oil lands. coal lands, mineral
lands oil, gas, coal, shale, asrhaltum, petrol
cum. asbestos, salt, water and water rights
and machinery, and to work, mine, explore
operate and develop the same; and in general
to do all things necessary to the proper con-
duct Of the bushes S of this corporation in the
Territory and elsewhere not inconsistent with
the laws OF the United States and the Terri
tory of Arizona.
Third: The authorized amount Of capital
stock OF this corporation shall be One Million
(Sl.OOO,OOOOO) dollars divided into one million
shares Of the par 7alue of one (Sl00) each.
Said capital stock shall be paid in TO this cor
poration within six months from the date Of
filing Of a certified copy Of these Articles Of
Incorporation in the office Of the Territorial
Auditor, either in cash or by sale and transfer
to it OF real or per- onal property for the uses
aud purposes of said corporation. in payment
for which shares of the capital stock of said
may be issued. and the capital
stock so issued shall thereupon and thereby
become and be fully paid up and non-assess-
able. and in the absence Of actual fraud in the
the judgment Of the directors as to
the value Of the property purchased shall be
conclusive.
Fourth: The time of the commencement of
this corporation shall be the date OF the filing
Of certified copy of these Articles of Incor-
poration in the office of the Auditor and The
OeTuludtlon InereOI snhll De twenty-five (ZO)
years thereafter.
Fifth: The affairs of this corporation shall
be conducted by Board of seven directors,
and the following named shall constitute the
Board Of Directors until their successors are
elected:
John Breiner, E. s. Osborne, F. s. Conger. |
.. L. Blachly. S. L. Blachly. r. A. Siddle, and
Geo. w. Kearus
Thereafter the Board of Directors shall be |
elected from the stockholders on the first Sat |
lrday of June of each year
The officers OF said corporation until their |
successors are elected shall be John Breiner /
President; E. s. Osborne, Vice-President; F. /
;. Conger, Secretary; o. L. Blachly. Treasurer: ]
md 5. L. Blachly, Ofhcial Assayer.
Sixth: The highest amount OF indebtedness
'r liability. direct or contingent. TO which this
corporation is at any time subject shall be five /
hundred thousand $500, OO0.O0) dollars. which |
AMOUNT does not exceed two thirds Of the cap
tai stock.
Seventh: The private property of the stock
FOLDERS of this corporation shall be exempt
rom corporate debts of any kind whatsoever.
In Witness Whereof, we have hereunto set
ur hands and seals, this the 3Oth day OF June,
\. D.. 1906.