Arizona republican., 1906-11-14

Voting at such stockholders meeting may be either in person or by prox, duly given in writing at least five (5 days before the convening of suei meeting.
 | Any vacancies in the said board o directors may be filled by the remain
 ing members of the board by appoint. ment from among the stockholders and such appointment shall be for thu tunexpired term for which the appoint. ment is made.
 | The first board of directors shal consist of the following persons: Wal 1 ter S. Dillon. C.. Y. Boardman and Al exander McHugh and eight (S) others to be named by said board. The ma jority of the board of directors shall constitute a quorum for the transac- ton of business.
 SIXTH. The board of directors may choose a committee of three from among their members, to be known as an executive committee, which com mittee shall act instead of the regular board and whose powers shall be emu merated and set out more fully in the bylaws of this corporation.
 The highest amount Of indebtedness or liability either direct or contingent to which this corporation is to be at any time subject shall not exceed the sum of one hundred and fifty thousand dollars (s150,0O0.0o), and the private property of the stockholders of this corporation shall be exempt from the payment of its corporate debts.
 SEVENTH. The general nature of @t fa frar rsu tad by this corporation is to locate, buy, bond, acquire, hold, lease. own. pos sess, operate or sell or otherwise dis pose of mines and mining claims, or prospects of gold. silver or copper and all other minerals, and all kinds of mineral lands or properties; to buy. lease or otherwise acquire. to hold and own. manage, operate. improve. mort gage, sell or convey or otherwise dis pose of any developed lands. conces- sions. franchises, mining claims. oil wells and any and all other real estate and interests in any o- said proper ties; to engage in the building of stamp mills. smelters and other mills and the operating of the same, extract ing precious metals. boring. digging, drilling. tunneling and exploring for. producing, refining, treating, piping. handling. storing, dealing in buying and selling. gold, silver. copper, coal, iron. oil. lead, zinc. salt. petroleum. mineral gas. asphaltum, bitumen. bitu- menous rock and other minerals and hydro-carbon substances and for such purposes to buy, contract for. lease or otherwise acquire, hold, own. man. age, operate, mortgage, or sell or oth- erwise convey refineries, pipe lines. tank cars, manufactories, machinery and other works, property and appli- ances and rights of way that may be necessary or convenient or appurtenant for the purposes of said corporation; to manufacture electricity, obtain rights of way, erect poles. string wires. and buy or sell electricity, to carry on and control a general merchandise, forwarding. commission and storage business and to that end to deal in any and all commodities of every kind conducive to the successful conduct of said business; to buy. procure. hold. own. sell. construct, equip. mortgage. maintain and operate railroads. steam ships. ferries, tramways, stage lines,
 
 kinds of transportation, or for other lawful use or business; to own. ham de or control letters patent and in- yentions, to purchase or otherwise ac- fuire, hold, own, pledge, hypothecate. sell or dispose of the capital stock of this or other corporations and also bonds debentures, bills, promissory notes. mortgages and pledges of other partnerships, corporations and per sons; to borrow money and execute bonds. notes, mortgages ana deeds of trust to secure the same: to register stock of other corpora tions and to act as transfer agent for the same. and to do and perform each and every act and thing which it is lawful for natural persons to do, all of which business or occupations may be carried on at such places either in the United States of America or foreign countries as the board of directors may deem best for the interests of the corporation.
 EIGHTH. Within a reasonable time after the organization of any board of directors they shall meet at any of the offices of the corporation and elect the officers of the corporation which shall be president, vice-president. secretary and treasurer. and such other officers or agents as the board may deem nee essary for the best interests of the corporation.
 The president, secretary and treasur- CT shall be members of the board of directors, and the offices of secretary and treasurer may be filled by the same directcr. All the officers shall hold their office during the life of the board of directors by whom they are elected. and until their successors are elected and qualified. unless sooner re- moved for causes by vote of two- thirds (2-S) of the directors.
 NINTH. These articles of incorpo- ration may be amended or altered at any regular meeting of the stockhold- CTS or any special meeting called for that purpose by an affirmative vote of the stock then issued. and the board of directors or any three (3) stock holders may call a meeting of the stockholders for this or any other pur- pose not inconsistent with law. but