Mohave County miner., 1906-07-28

turnpike or canal which may lead from the
principal works OF said company, in the diff
ferent counties Of said territory, to some nav
igable stream. or to some existing railroad
turnpike or public highway.
To pay any individual or corporation for any
right, privilege, license, matter or thing re
ceived, either in cash, evidence of debt or In
shares Of the capital stock of the corpOratfOn
organized hereunder at the par value OF such
STOCK, and at bona tde valuation of the
right. privilege, license, matter or thing so re-
ceived and pai0 for.
To receive in payment for any right piivi-
lege, license, matter or thing that may be in
any manner transferred by the corporation
organized hereunder to any other CORPORATION
either cash evidence Of debt or shares of the
capital stock OF the corporation to which any
matter or thing, as aforesaid. is so transferred
such shares of such capital stock to become
part OF the assets OF the corporation, organ
lZed hereunder, and to be held. managed. used
and disposed Of as its directors may deem for
the best interests Of the corporation organized
hereunder.
To deal in any evidences of debt received in
payment for any right privilege license, mat
Ter or thing transferred by the corporation
organized hereunder, the directors may
deem for the best Interests of the corporation,
as TO holding the same procuring it TO be dis
counted, negotiating ii, purchasing it. il the
interests Of the corporation require such ac-
ton, and generally dealing with same accord
ing tomercantile usage and customs. but not
engaging IN the business Of banking or in a
business OF corporation intended TO derive
profit from the loan aud use of money.
To make contracts, to purchase, lease. bond
locate or otherwise dispose of, pie dye, mort
gage, hypothecate and deal in real estate and
any and all kinds Of personal property, miues
mining claims, oil lands. coal lands, mineral
lands, oil. gas, cUal, shale, asrhaltum, petrol
cum. a. oestos, salt, water and water rights
and machinery, and to work, mine, explore.
operate ana develop the same: and in general
TO do all things necessary to the proper con-
duct Of the bushes of this corporation in the
elsewhere nnSfE INT rrffh
the laws Of the United States and the Terri
tory Of Arizona.
third: The authorized amount Of capital
stock OF this corporation shall be One Million
lSl.OOOOOOOO) dollars, divided into one million
shares OF the par yalue Of one lSlOO) each.
Said capital stock shall be paid in 10 this cor
poration within six months from the date OF
filing Of certified copy Of these Articles Of
Incorporation in the ofice of the Territorial
Auditor, either in cash or by sale and transfer
70 II OF real or perS Onal property for the uSes
aud purposes Of said corporation. in payment
for which shares of the capital stock Of said
corporation may be issued, and the capital
stock so issued shall thereupon and thereby
become and be fully paid up and non-aSSesS-
able. and in the absence OF actual fraud in the
transaction the judgment of the directors as to
the value OF the property purchased shall be
conclusive.
Fourth: The time OF the commencement Of
this corporation shall be the date Of the filing
OF a certified copy Of these Articles OF IncUr-
poration in the ONCE OF the Auditor and The
years thereafter.
Fifth The affairs Of this corporation shall
be conducted by a Board Of seven directors,
and the following named shall constitute the
Board Of Directors until their successors are
elected:
John Breiner, E. s. Osborne, F. S. Conger,
o. L. Blachly. 5. L. Blachly. X. A. Siddle. and
Geo. w. Kearns.
Thereafter the Board of Directors shall be
elected from the stockholders on the first Sat
urday Of June of each year.
The officers Of said corporation until their
successors are elected shall be John Breiner,
President; E. :. Osborne, Vice-Presdent; F.
.. Conger, Secretary; o. L. Blachly. Treasurer;
and S. L. Blachly, Ofcial Assayer
Sixth: The highest amount Of Indebtedness
or liability, direct or contingent, to which this
corporation is at any time subject shall be five
hundred thousand (S5O0.0OOOOl dollars. which
amount does not exceed two thirds Of the cap
ital stock.
Seventh: The private property Of the stock
holders OF this corporation shall be exempt
from corporate debts of any kind whatsoever.
In Witness Whereof. we have hereunto set
our hands and seals, this the 30th day OF June,
A n