Arizona republican., 1906-04-25

ever its directors may see fit, and de- termine, and to mortgage or otherwise cucumber its mines, placer deposits, or its plants, or the principal machinery, as and when thereunto authorized by law and to do any and all acts and things necessary, incident appropriate or relating to the aforesaid purposes or
 To engage in and carry on general mercantile business, so far as, in the opinion of the directors. 1t may be nec- essary to do so for the purpose of pro viding provisions and supplies used or 10 be used in carrying out the objects herein set forth.
 And generally to transact any and all lawful business incident. appurtenant or relative to the various lines of business hereinbefore referred to or any of them
 The amount of the capital stock of said company shall be one million dollars $1,- OOQOO), and the number of shares of which said stock shall consist shall be one million shares, of the par value of one dollar Gl.0O.
 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 of the stockholders. given at a meeting duly called for that purpose.
 be conducted by board of directors who shall shall be elected annually by the stock shall be not less than two nor more than eleven, and the names of those who pany for the first year of it's corpor- ate existence, and until their successors shall have been eleGted and qualified, are
 The annual meeting of the stockhold- CTS for the election of directors and the transaction of other corporate business shall be held on the second Tuesday Of 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- and the right to vote by proxy at the meetings of both stockholders and the directors is hereby established The di- rectors have the power to elect. desig- nate and appoint such officers and 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 this corporation shall at any time be either directly or 5T' indirectly by this com pany, shall In no event exceed in amount or be equal to two-thirds of the said cap ital stock.
 The private property of the stockhold- CTS of this corporation shall be and is or obligations of this corporation and there shall be no individual liability on the part of the stockholders of said cor poration for corporate obligations.
 TX.
 All of the stock of said company shall be non-assessable and all or any part thereof may be issued, full paid. in pay m ant for labor done or services render ed and performed, or in the purchase Of and payments for mines. mineral or pla- cer deposits, mining or other property. or rights thereto or interest therein, or O privileges or priorities, or Tor mills. mon- ufacturies, buildings, machinery or other property as and when deemed by the board of directors to be necessary for the business of the company, and when so issued shall be full paid stock and not liable to any further calls or assess 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. In witness whereof. we have hereunto set our hands and seals this seventh day R. B. HIGBEE. CseaI1
 C. NJ. HIGBEE. (SeaD -
 Signed. sealed and delivered in the presence of
 K w. SULLIVAN
 T. $. RICHWORTH
 State of Minnesota.
 County Of Ramsey-ss.
 On this Sth day of March. A. D.. 1916, before me. a rotary public in and for said county and state aforesaid. residing therein. duly commissioned and sworn, personally appeared R. B. Higbee and c. M. Higbee. known to me to be the per sons described in, and whose names are subscribed to the foregoing instrument, and they acknowledged before me that they executed the same for the purposes and considerations therein expressed a s their free and voluntary act and deed.
 Tn witness whereof, I have hereuntn set my hand and affixed my official seal at my office in the state and county aforesaid, the day and year last above written.
 (Seal) T S. RICHWORTH.
 Notary Public, Ramsey county. Minn.
 My commission expires July 2 19l0