Daily Arizona silver belt., 1907-04-30

and in that connection to acquire by purchase, location or in any otherw se whatsoever real estate of all classes, agricultural lands, mines and mining claims and mining property; to own, hold, develop, improve and otherwise use the same and to sell, exchange, mortgage, pledge, hypothecate, ease and let the same; to lay out townsites and to deal in and with the town lots and property so laid out; to make con tracts to purchase or otherwise acquire real estate, mines and mining claims and property and to make contracts to dispose of the same; to erect, construct and maintain buildings and improve ments of all kinds and character and to lease and let the same and collect the rents therefore; to conduct sto es and to engage in the mercantile blsiness; to erect, operate and maintain boarding houses, lodging houses and hotels; to deal in and with all kinds of personal property, stocks, bonds and securities; to acquire, hold, operate, maintain and dispose of electric lighting, power and water plants, gas works; sewer systems and street railways; to borrow money and execute notes, bonds, mortgages and other evidences of indebtedness to secure the same; to loan money on rec ognized securities; to acquire, hold and dispose of franchises; to engage in the abstract business, and in general to do and perform any and all acts and things necessary to conduct the affairs of this corporation.
 ARTICLE TIT.
 The authorized capital stock of this corporation is and shall be Sixteen thou sand dollars, divided into One hundred and sixty shares of the par value of One hundred dollars each Each share of stock when issued shall be fully paid for in cash or in property of cash equivalent, and such stock when so issued shall become forever non-assess- able.
 ARTICLE ".
 The time of the commencement of this corporation shall be the date upon which these Articles of Incorporation are filed in the office of the county Recorder of Gila County, and certified copy thereof filed in the office of the Territorial Auditor of Arizona. The termination of this corporation shall be twenty years from and after the date of filing the certified copy of the said Articles in the office of the Auditor of the Territory of Arizona.
 ARTICLE V.
 The affairs of this corporation shall be conducted by a Board of five Di- reetors, elected annually by and from the stockholders of this corporation. The first annual meeting for this pur- pose and for the transaction of any other business that may properly come before the stockholders shall be held on the second Tuesday in October of the year 1907, and such annual meetings of the stockholders shall thereafter be held on the same day in each succeed. ing year.
 The officers of this corporation shall consist of a President, Vice Presi- l lent, Secretary and Treasurer. The | offices of Secretary and Treasurer may be held by enc person.
 Until such Board of Directors shall nave been elected, the following named l persons, who are subscribers to stock ,f this corporation, shall constitute the l Board of Directors: S. H. Van Slyek, W. l.. Hagen, c. D. Reppy, J. H. Da- 'is and c. D. Stephens, and until such .ime the following named persons are hereby made and constituted the off | 'ers of this corporation:
 President. H. Van Slyck | Vice President........--.....-....--J. II. Davis | Secretary ........-..!....-.....J. c. Phillipson Treasurer. ID. Stephens
 Such Board of Directors shall have he power to fill all vacancies in such Board or the officers of this corpora ion, caused by the resignation or other wise, and until their successors are ,leeted, such board and such officers i Ire hereby given the power and author ty to do and perform any and all du- ies usually connected with like offices, which powers shall include the adoption if corporate seal and the affixing hereof to any stock certificate or ther instruments in writing which may ,e executed by them under the powers herein conferred, as well as the adop- ion of Bylaws for the internal man lgement of the affairs of this corpor- Ition.
 ARTICLE VI.
 The highest amount of indebtedness O which this corporation shall at any ime subject itself shall be and is here y fixed at the sum of Ten Thousand Dollars.
 ARTICLE VII.
 Private property of the stockholders f this corporation shall be exempt from liability for the payment of corporate ebts.
 In Witness Whereof, The incorpora- ors herein have hereunto set their