Bisbee daily review., 1906-10-10

(3) nor more than fifteen 15) direc- tors, who shall be selected each year from the shareholders at the regular annual eeting. as the bylaws may direct; they shall hold office for one year and until their successors are elected. That until the ensuing an- nual meeting Of the stockholders. the Board Of Directors shall consist of as v any directors. not less than three t3) nor more than fifteen (15) as the pres ont Board of Directors may designate. and the present Board of Directors shall have the power to designate the persons to constitute the Board of Di- rectors until the ensuing annual meet irg, and until their successors are elected and qualified.
 "Tenth-The Board of Directors are authorized to establish bylaws aud to alter and amend same, and said Board of Directors are empowered by reso- Il tions passed by majority of the whole Beard, to designate three or ore directors to constitute an execu- tive committee, which committee, to the extent provided for in the bylaws of the corporation, shall have and may execute the powers of the Board of Directors in the management UT the business and affairs of the company, and shall have power to authorize the seal of the corporation to be affixed to all papers which may require it. and said Executive Committee may act by the written consent Of all its mem bers, although not formally convened and said Board of Directors are au- thoTized to make all rules and regula- tions deemed expedient and aecessa- ry for the management and control of the business affairs of the corporation, and for the control of the officers thereof, not inconsistent with these Ar ticles of Incorporation, the laws of the Territory of Arizona and the laws and constitution of the United States of America. A maority Of the direc- tors shall constitute JuDr,In for inc transaction of any business. anu af- fairs of the corporation. The pri- vate property Of the shareholders and members of this corporation shall be exempt from any and all liabilities or corporate debts of the co-Doration and each and every one of the mem bers and shareholders of the corpo- ration, present and future, and their private property are hereby exempt from liability for corporate debts of 
 the corporation.
 Fourth-That the general nature of the business 10 be transacted by the said corporation is: To locate, pur- chase. lease, hold, work, develop. sell, 1oTtgage ani dispose of mines and IT. ireral lands, Tili sites, timber lands and ranches, electric light plants, foun- cries and power plants, waJer and wa ter rights, ditches and acqusducts. wagon roads, railroads and tramways sailing vessels and. steamers, leading from it's principal works to existing highways, railroads, navigable streams ard seapoTts, franchises, machinery and apparatus, stamp mills, smelters. refinerios and processes, and to main tain, use, operate the sane for mining. extracting, milling, reducing, refining and otherwise disposing Of ores for fhe recovery of gold, silver, copper and cher metals, and mineral oils. Also to own, sell, purchase, mortgage ana otherwise to acquire and dispose Of real estate, mortgages, shares. stock, debentures, securities, concessions api ether property. including townsites, and to mine, extract, reduce and smelt, refine and treat. ship and handle ores and oii for itself and custom. Also to hold and own the stock of other corporations, and to have power to purchase, hold and reissue the shares of it's own capital stock. Also to deal ill merchandise. to create indebted ness and 10 secure the payment there. of, and to pay the same in capital stock, or money or otherwise, 1t being provided that the highest amount of indebtedness and liability shall not at any time exceed in the aggregate the sum of Five Hundred Thousand Dol lars (S500,000) and to do and perform any and all acts necessary to be done for the purposes aforesaid, whenever and wherever deemed advisable by the Beard of Directors of said corporation, within said Territory, within the Unit cd States and the Republic of Mexico"
 J. P. HALLIHAN. President of Arizpe Mining Company.
 Attest:
 G. D. CASH,
 Secretary of Arizpe Mining Company.
 We hereby certify that the above ard foregoing is a true and correct copy of the resolution passed, and the proceedings had. a. the special meet ing of Arizpe Mining Company, held al the OEHCG or E.. T.. EIllNWOOu, III DIS bee. Arizona Territory, on the first day of September, 1906.
 J. P. HALLIHAN, President of Arizpe Mining Company. Attest:
 G. D. CASH,
 Secretary of Arizpe Mining Company.
 State Of Texas, County of Fl Paso ss.
 On this day. before me, Joseph H. McBroom, Notary Public in and for the County of Fl Paso. State Of Texas. personally appear J. P. H. llitan anl .G D. Cash, known 10 me to be the ersons whose names are subscribed tc the foregoing instrument, and LI own to me to be the president and C cretary of the ATizpe Mining Con,- l'sny, respectively. and each acknowl- edged 60 ne lat he executed the same for the purpose and consideration therein expressed, and as the free act and deed of said Arizpe Mining com rsny. and by each of them voluntarily executed.
 IN WITNESS WHEREOF, I have