Graham guardian., 1906-02-23
ARTICLE III

The amount of capital stock of this corpora
ton shall be Sl,0C0,000 divided into 100000
shares Of the par value Of one 9ollar each, and
of issue, or any time designated by the Board
of Directors, in money, property, or any other
valuable right or thing, and in the absence of
actual fraud, the Judgment OF the Board OF
Directors or managing officers as TO the value
thereof shall be held as conclusive.
ARTICLEIv
The general nature Of the business authorized
to be transacted by this corporation is as fol-
lows, to-wit;
To make contracts, to purchase. to bond, to
lease, locate, or otherwise acquire own, eX-
change, sell or otherwise dispose of, pledge,
mortgage, hypothecate, and deal in real estate
and any and all kinds of persona; property,
and any and all kinds of mines, and miuing
claims, mineral lands and precious metals, OF !,
oil lands, coal, coal lands, gas, asphaltrm,
petroleum, asbestos, salt, any and all minerals,
and metals, water and water rights, and ma
chinery, and to work mines, explore, operate,
and develop the me To build and operate
roads bridges, tramways and railroads to some
existing railroad, turnpike or public highway,
which may at any time be necessary for the
Development and handling ofany of the proper
ties of the corpora ton; to lay, erect and main
tain oil and gas pine lines for the purpose of
transporting oil and gas. To acquire rights OF
way; TO do a general real estate, general manu-
featuring and mercantile business,
70 buy sell, work, treat refine, any and all
mineral and metal ores, tailings, dumps or
products or by-products from any of its prop
critics. or those of other companies or mdivid-
uals. To build, equip and opera machinery,
smelters. teaching plants and refining plants
for handling same, machine shops and found
cries, and to buy and sell the products thereof,
To manufacture. buy, sell, contract for aud
furnish material for Improvements, and for the
erection of buildings; to own, handle and con-
troll letters patent and inventions, and shares
of capital stock of its own corporation and any
stock of other corporations, to borrow money
and pNppntp bonds notes mnrtpQppS. lnpdg
of trust to secure the same and to exercise in
respect 10 all such bonds, mortgages, notes,
shares of stock and other securities and obliga-
tionS, any and all rights. powers and privileges
of individual owners thereof, including the
right to vote upon any shares of stock held by
II to the same extent that Latural person
might or could do, and in general to do all
things necessary to the proper conduct of the
business of this corporation, as above stated
and herein set forth, in the Territory of Ari-
zona, and in any other state and territory, not
inconsistent with the laws of the United States
and the territory of Arizona.
ARTICLEv
The affairs of this corporation shall be con
Quoted by board of FIVE directors, composed
of five stockholders, who shall be elected an
nually on the third Monday in January of each
year, as the bylaws shall provide, and until
such election the following persons shall act as
and be such directors to-wit: H. p. Mcintosh,
J. J. Birdno, Wiley EEJones, Thomas H. Bell,
G. d, Reppy.
The officers of this corporation, until their
successors are elected and qualified, shall be:
c. ID. Reppy, president; Wiley Z. Jones, vice
president, John J. Birdno, secretary and treas
urer,
ARTICLE VI
The highest amount of Indebtedness orliabil,
ity TO which this corporation shall at any one
time subject ITSELF shall not exceed One Hun.
dred Thousand Dollars.
ARTICLE VII
This corporation is formed to endure twenty.
five years after its articles are duly executed
and its charter rights may be renewed for per
ARTICLE VIII
The private property of the stockholders oi
this corporation shall be and hereby is made
forever exempt from all liability for its debts
or obligations,
ARTICLEIX
The capital stock of this corporation shall be
and Is hereby made forever worcestershire, by
this corporation for any purpose.
ARTICLEX
These articles of incorporation may be
amended in any particular, by vote of maior
ty OF the stockholders of the company at any
amendment shall be filed with the recorder ol
Graham county and the auditor OF the territory
of Arizona and printed as required by law,
In witness whereof, we have hereuntO sci
our hands and seals, this lst day of FEBRUARY
1906.
sEALl JOHN ], BIRDNo,
sEALl WILEY L. JONES,
IsEALl THOS, H BELL