Arizona silver belt., 1906-03-29

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 non-assessable, 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 evi- 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 fiv . persons and not more than nine, to be determined by a majority vote of the stock, who shall be elected annu- ally on the 3lst day of March, A. D. 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 fill any Va ,ancies occurring in their body, but this shall not be construed to mean that such board of directors may create a 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, to which this corporation is at any time to be subject is the sum of Fifty Thous- aud Dollars.
 NINTH.
 The stockholders of this corporation and their private property shall be ex- empt from the debts of the corpora tion.
 TENTH.
 The board of directors of this cor poration shall have power to establish bylaws and make all rules and regula- tions deemed expedient for the man agement of its affairs and the officers thereof, not inconsistent with the Con- stitution and the laws of the United States and the laws of the Territory of Arizona; said board of directors shall have no power to mortgage or incumber or sell the property of the Company without majority vote of the stock of | the Company ratifying the same,
 ELEVENTH. The officers of this corporation shall | consist of President. Vice President, Treasurer, Secretary and General | Manager, who shall be elected by the | stockholders on the 31st day of March, 1906, at o'clock p. m., and annually thereafter on the same date, the off cers to serve until the annual meeting 1906, or until their successors duly qualify as stockholders shall be elected, shall be the incorporators herein and stockholders by them appointed here after.
 In Witness Whereof, we have here unto set our hands this 18th day of March, A. D. 1906.
 LUTHER G. STEWART,
 C. JEROME CLARK TERRITORY OF ARIZONA, ss
 County of Gila.
 On this 18th day of March, A. D. 1906, Geo. Walter Shute, Notary Public in and for the County of Gila and Territory of Arizona, personally appeared Luther G. Stewart and c. Jerome Clark, known to me to be the persons whose names are subscribed to ,he foregoing articles of incorporation md acknowledged to me that they ex- ,cuted the same freely and voluntarily Or the uses. purpose and consideration herein expressed.
 In Witness Whereof, I have hereun- o set my hand and affixed my official 'eal at my officy in the said County of iila and Territory of Arizona the day md year first above written.
 GEO. WALTRR SHUTE. lsEAL] Notary Public. My commission expires April 2nd, 1906. Filed and recorded at the request of '. Jerome Clark on the 18th day of March, A. D. 1906, at 4:30 o'clock PM.
 w. D. FISK,
 County Recorder,
 By RICHARD FLEMING,
 Deputy Recorder. TERRITORY OF ARIZONA, .,
 l, w. D. Fisk. County Recorder in and for the County of Gila, Territory ,f Arizona, do hereby certify that the , houo or,d fo~or0s.,or on~tcs. c~J