Bisbee daily review., 1906-02-25


 scription, to purchase, lease, bond, lo- cate or otherwise acquire or dispose of lands, minerals and water and tim Der rights, to work, prospect or de- velop said mines, mineral lands, water and timber rights, to do every thing that may be necessary or proper in the conduct of it's business in the matter of prospecting. developing. To- eating, acquiring, buying and selling mines and mineral claims of every kind and working such claims or mines and the production of ores and minerals therefrom and in smelling and reducing such ore and minerals and in doing same to construct, con- tract for, build, buy or sell, own and |operate all necessary mills, works, smelters and concentrators. gas, wa ter, electric and power plants, to en- gage in trade of every kind and carry on and maintain general merchandise stores and business and to erect all kinds of dwellings, erect and main tain boarding houses and hotels, bond, sell, rent or lease same; to buy, sell, lease, bond and operate and construct railroads, electric roads, tramways or other agencies suitable or necessary or convenient for the transportation of all things necessary or conven- tent in conducting the business of said Corporation, to and from the mines and properties of said Corpor- ation, to carry on the business of min ing, milling and preparing for mar ket and reducing and dealing of all kinds of ores, metals, minerals and bullion, and purchasing thereof. To sell its own stock and to purchase, own and acquire and deal in the same, and the stocks of other Corporations, l in any manner: to sell, transfer, pledge. mortgage or otherwise convey and dispose of any or all lands, or water rights. timber rights, mines and mining rights and privileges, and do generally any and all business acts and things incident to the business aforesaid and not contrary to the laws of the Territory of Arizona and the laws of the Republic of Mexico. l Article I'll.
 | The amount of the capital stock of this Corporation shall be Cs1.0O0. .000 ONE MILLION DOLLARS, divided into one million shares of the par value of one dollar each, fully paid and non. .assessable. The Board of Directors shall have power to sell the aforesaid stock either at par, or be- low par, as the best interest of tho Corporation may demand; they may also issue said stock for labor. or in rayment for property. or for any ser. vice whatsoever. as the judgment of the directors may be from time to time. The Board of Directors may also sell said stock on installments, but no stock shall be issued until the full purchasing price be paid.
 l Article ".
 | The existence of said Corporation shall begin immediately after filing these Articles of Incorporation in the cfice of the County Recorder of Co ] chise County. Territory of Arizona, iand the certified copy thereof in the office of the Territorial Auditor and shall continue for period of twenty. five years thereafter.
 Article V.
 The affairs of this Corporation shall be conducted by Board of Di- rectors, consisting of not less than five persons who shall be shareholders of this Corporation. The first Direc. ltors of this Corporation shall be G. M. Bernstein. Ascension Barraza. Ed. Switzer, Lazaro Gutierrez de Lara and : B. s. Pelzer, who shall hold office until the annual meeting of the stock. holders to be held in Bisbee, Cochise County, Territory of Arizona, on the first Monday of January at seven P, M, 1907, or until their successors shall have been elected and qualified Persons teasing to be stockholders shall cease to be Directors of this iCorporation.
 The Board of Directors of this Cor Iporation may hold their meetings at such a place as may be designated in the by laws for the transaction of all Business pertaining to said Corpora, ltion, including the election of officers and the appointment of Directors tc lfli vacancies in said Board.
 The first meeting of the stockhold Iers of said Corporation shall be held on the first Monday in January. 1907 at seven P. NJ. in the City of Bisbee At the annual meeting above provided for said Board of Directors shall be elected by the stockholders. The Board of Directors shall have power to fill vacancies in their number al any time
 Article VI.
 | The officers of this Corporation shall be a President, a Vice-Presidenr Secretary and Treasurer, and such , other minor officers as the Board of Directors may from time to time deem 1t expedient to have The President . lVice-President, Secretary and Treas urer for the first year and until theil successors are elected and qualified
 shall be elected by the first Board o Directors at the first meeting of salt Board after incorporation and shall be thereafter elected annually by ths Board of Directors from their own number ct their first meeting follow ing the annual election of such Board