Bisbee daily review., 1906-09-16

branch offices at any othel place or places, and ma, have it's works and property, and dc and transact business at such place. as 1t may deem convenient, or profitable and it's Directors may meet. and trans act business at such places, as they may from time to ti,1e 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, mill sites, shelter sites, water locations and privileges, oil and gas wells stone, timber and agricultural lands and renting. selling, operating and dealing in the same, and the products thereof.
 z; The mining and reduction of min erals and metals and the acquisition or all necessary property thereto.
 ,. The manufacturing, purchasing or otherwise acquiring of goods, wares ana merchandise, and personal prop- erty or every description, and buying ana selling. dealing in and disposing of the same
 I. The acquiring "by purchase or otherwise of telegraph or 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 deemed advisable by the Board of Di- rectors.
 D. This corporation may also issue warrants. bonds, debentures and oth- CT negotiable instruments, or other. wise secure the same, may pledge or hvpothecate the property, or earnings Of the company, whenever in the iudg- ment of the Board of Directors. it may seem proper. or necessary for the good of the company.
 6. This corporation shall have ex- press power to hold, purchase, or oth- erwise acquire, and to sell, assign. transfer, mortgage. pledge or other wise dispose of bonds, debentures. or other evidence of indebtedness, and the shares of Capital Stock of other corporations, and vote such shares.
 l. This corporation shall have power to make contracts, and to ac- qulre and transfer properties, possess Ing the same powers in respect there to as private individuals now enjoy.
 ARTICLE ".
 The corporation shall commence. at the time of fling for record. it's Arti- cles of Incorporation, in the office of the County Recorder, of Cochise county, Territory of Arizona, and the diing of certified copy thereof, with the Secretary of, the Territory of Ari- zona, and 1t shaii endure for twenty five (25) years thereafter.
 ARTICLE V.
 l. The capital stock of this corpora- ton shall be Five Hundred Thousand (5O0,0O0) Dollars, divided into Five Hundred Thousand (500,0OO) shares of the par value of One Dollar (sI.0Ol each, which said shares of Capital stock shall be issued in such amounts and proportions as shall be determined 5y the Board of Directors, and as nav be permitted by law.
 ?. The time when and the condition upon which said capital stock shall De paid in shall be as fixed by the Board or Directors, and said Board may when It deems 1t to be to the best interest of this corporation, issue said stock below par, or issue same in payment Tor property transferred to this com pany.
 3. All the stock issued as above mentioned shall be non-assessable.
 ARTICLE VI.
 l. The highest amount of indebt- edness or liability, direct or contin- gent. to which this corporation shall be at. any time liable for, will in no case exceed the sum of One Hun fred Thousand Dollars (s1OO00O. .OO)
 2 The stockholders of this cor ooratlon and their private property snail be forever exempt from all cor oorate debts of the corporation.
 ARTICLE VII. l. The affairs of this corporation shall Se controlled and managed by 5oard Of five Directors elected by. and rom among the stockholders.
 z. Directors shall kold office for ,ne year, or until their successors are elected and qualified.
 5. Persons ceasing to be stock holders, shali cease to be Directors or 'nlcers Of this corporation. 4: The officers of this corporation 'hail be President. Vice President. Sec i 'etary and Treasurer, who shall be elected by the Directors.
 5. The Directors shall have power O make, alter and amend Bylaws and i Ill needful rules for the government of his corporation, and the management ,f its officers.
 6. In the event of death, or resig- iation, of any director of this corpora ion so that vacancy is created, it l nay be filled by vote of the remain | ng Board of Directors, and the person