Arizona silver belt., 1906-02-15

the Territory-o of Arizona, by resolution
adopted at any special or regular meet
ing of stockholders herein, and at sucf
places any and all business may be
transacted which may not be in conflict
with the laws of the Territory of Ari
iona or of any state or territory where
such branch office or Offices may be
maintained.
ARTICLE ii. The general nature OF
the business proposed to be transacted
is as follows. to-wit: The purchase,
acquisition and sale of copper and other
mines and mining property; the work
ing, operation and maintenance of the
same; the holding, purchase and con-
veyance of real estate useful or con-
venent for the purpose of its business.
either in or out of the Territory of
Arizona, and the mortgaging or leasing
thereof; the construction and mainte-
nance of reservoirs, waterworks, dams
and aqueducts; the construction, opera
tion and maintenance of railways, roads
and roadways; the erection and main
tenance of works, mills, factories,
shops and other structures and build
lngs, engaging in and carrying on the
business of treating, smelling and re-
lining copper and other ores and metals
and the manufacture and sale of arti-
cles made wholly or in part of copper
or other metals; the erection, mainte-
nance and operation of stores for the
sale of all articles of merchandise. the
issuing of bonds, debentures or other
obligations and securing the same by
mortgage or lien of any of the proper
ty, rights or franchises of this corpora
ton; the acquisition, purchase, sale or
other disposition of the stocks, bonds
or other securities of other companies,
corporations or individuals, and in gen.
eral to do and perform any and all acts
and things necessary for and incidental
to the objects aforesaid or in any wise
connected herewith.
ARTICLE III.-The authorized capital
stock of this corporation shall be and is
the sum of Two Million Five Hundred
Thousand ($2, 500, 000) Dollars, which
capital stock shall be divided into One
Hundred Thousand $1,000 shares of
the par value of Twenty-Five 1925. 00)
Dollars each share. Each share of
stock when issued shall be first duly
paid for in cash or in property, or in
services of cash equivalent, and such
shares of stock when so issued shall
thereafter be worcestershire.
ARTICLE IV-The time of commence
ment of this corporation shall be the
time when certified copy of these ar
ticles shall be filed in the Office of the
auditor of the territory of Arizona, and
the termination hereof shall be twenty
five years from and after said date.
ARTICLE V.-The affairs of this cor
poration shall be conducted by board
of five directors elected annually by
and from among the stockholders here
in. The first annual meeting of stock
holders for this purpose and for the
transaction of such other business as
may properly come before them, shall
be held on the first Wednesday of
March A. ID. 1906, and such annual
meetings shall thereafter be held on the
same day of each succeeding year. The
officers of this corporation shall consist
of a president, vice president, sec
rotary and a treasurer. Until such
board of directors shall have been
elected, the following named persons
of the capital stock of this cooperation
shall constitute the board of directors:
S. l.. Gibson, VIM. Henderson, John l..
Alexander, George J. Stoneman and
De Loss Copelan, and until such time
the following named persons are hereby
made and constituted the officers Of
this corporations: S. l.. Gibson, presi-
ident and treasurer; VIM. Henderson,
vice president; George J. Stoneman,
secretary. Such board of directors
shall have power to fill all vacancies in
such board or the offices thereof caused
by resignation or otherwise, and until
their successors are elected and quail
fled, such board and such officers are
hereby given the power and authority
to do and perform any and all duties
usually connected with like offices, which
powers and duties while so acting as
such officers and directors of this cor
poration. shall include the adoption of a
corporate seal and the affixing thereof
to any stock certificates or other in
struments of writing which may be is
sued or executed by them under the
powers herein conferred, as well as the
adoption of all necessary bylaws for
the internal conduct and management
of the affairs of this corporation. No
director performing any duty imposed
upon him as director Of this corpora
tion shall receive any salary or compen-
sation therefor.
ARTICLE VI.--The highest amount of
indebtedness or liability to which this
corporation shall at any tine subject
itself, shall be and is hereby fixed at
the sum of Two Hundred and Fifty
Thousand $3.50, 100000 Dollars.
ARTICLE VII. Private property of
stockholders in Ems corporation shall be
exempt from liability for the payment
of corporate debts.
In witness whereof the incorporators
have hereunto set their hands
this seventeenth day of January,
AID 1906.
S. l.. GIBSON.
VIM. HENDERSON.
JOHN l.. ALEXANDER.
GEORGE J. STONEMAN.
ID. l.. CoPELAN.
TERRIToRy OE ARIzONA