Bisbee daily review., 1906-10-11

"Third-The Capital Stock of said corporation shall be Three Million Dollars ($3.000,000) divided into Six Hundred Thousand shares of the par value of Five Dollars ($5) each These
 shares, when issued, shall be fully raid and non-assessable. Said capital stock or any part thereof, may be sold for cash, or may be issued in payment for property, services. rights or inter- ests purchased or otherwise acquired by said corporation, upon such terms as the Board of Directors may deter Il inc.
 ''Sixth-The management and con- trol of the corporations business and affairs and property shall be vested in and conducted by a Board Of Direc- tors, consisting Of not less than liree (3) or not more than fifteen t15) di- rectors, who shall be selected each year from the share holders at the reg ular annual meeting. as the hy-laws may direct: !hey shall hold office for one year, and until their successors are elected.
 That until the ensuing annual meet irg of the stockholders. the Board of Directors shall consist of as many di- iectors. not less than three (3) nor rlore thar fifteen .i5) as the present Roard of Directors may dcsignatv. ana the present Board of Directors shall aave the power to eject the persons to constitute the Board of Directors un. til the ensuing annual meeting, and until the successors are elected and qualified.
 "Tenth-The Board of Directors are authorized to establish bylaws and fo alter and amend same. and said Board of Directors are empowered by leso- lCtions Uassed by majority of tho whole Beard. to designate three or more directors 10 constitute an Exec utive Committee. which committed 10 tile extent provided for in he bylaws of the corporation shall have and ma; execute the powers of the Board of Di- rectors in the management oI Jne Dusi- ness and affairs of the company, and Skall have power to authorize the seal of the corporation to be affixed to all pcpers which may require 1t, and said Executive Committee may act by the written consent of all of it's members, although not formally convcuec; and said Board of Directors are authoriZ- ed to make all rules and regulations deemed expedient and necessary fer the management and control of the business affairs of the corporation, and for the control of the officers thereof, not inconsistent with these Articles oJ Incorporation, the laws of the Territo- " of Arizona. and the laws and consti- tuition of the United States of America. A majority of the Directors shall con stitute a uo-um for the transaction of any business and affairs of the corpor- ation. The private property of the shareholders and members of this cor poTation shall be exempt from any and all liabilities or corporate debts of the corporation, and each and every one of the members and shareholders of the corDoration present and future. and their private property. are hereby exempt from liability for corporate debts of the corporation.
 ''Fcur;h-That the general nature of the business to be transacted by the said corporation is: To locate, pur- chase. lease, hold. work. develop. SC mortgage and disDOse of mines ana mineral lands, mill sites. timber lands and ranches, electric light plants. foundries and power plants, wa ter and water rights. ditches and ac- aueducts. wagon roads, railroads and tTamwayS, sailing vessels and steam CTS. leading from it's principal works to existing highways. railroads, navi- gable streams and seaports. franchises. machinery and apparatus, stamp mills, smelters and refineries and processes. and to maintain, use and operate the same for mining. extracting, milling, reducing. refining and otherwise dis posing of ores for the recovery of gold. silver. copper and other metals and mineral oils. Also 10 own, sell, pur- chase, mortgage and otherwise to ac- uuire and dispose of real estate, mort Sases, shares. stock debentures. se- curities, concessions and other proper ty including townsites, and to mine ex- tract, reduce and smelt, refine and treat. ship and handle ores and oil for itself and custom. Also to own and hold the stock of other corporations, and to have power to purchase. hold aCd reissue the shares of its own cap ital stock. Also to deal in merchan- disc, to create indebtedness and exc cute promissory notes. and other evi- oences of indebtedness, and to secure the payment thereof. and to pay the same in capital stock or money or oth- erwise. it being provided that the high est amount of indebtedness and liabil- ity shall not at any time. exceed in the aggregate. the sum of Five f,un1red Thousand Dollars (S500,000) and to do and perform any and all acts nee essary to be done. for the purposes aforesaid, whenever and wherever deemed advisable by the Board of Di- rectors of said corporation. within said Territory, within the United States and Republic of Mexico
 That the president and secretary of said corporation be directed to take all such proceedings as may be necessary to carry out the provisions of this res olution. and in conformity with the laws of the Territory of Arizona"
 NOW, THEREFORE, pursuant to said Resolution. notice is berepy gwen that Articles Third, Sixth and Tenth of the original Articles of Incorpora- ton of Arizpe Mining Company, and article Fourth of the amended Arti- cles of Incorporation of the Arizpe Mining Company, as the same appear of record in the office of