Daily Arizona silver belt., 1907-06-27


 To purchase, own and operate all kinds of mines and mining property; to To- cate mining property; to control and operate all kinds of water mains; to locate, own, operate, lease, buy and sell any plants for the treatment of ores and bullion; to buy and sell ores and bullion; to operate electric light and power plants; to erect and lay lines of wires for conducting light and power and messages, and to sell and dispose of light and power; to build and operate roads; to make contracts; to purchase, lease, bond, locate or otherwise acquire, own, sell or otherwise dispose of, pledge, mortgage, hypothecate and deal in real estate and any and all kinds of per sonal property; mines, mining claims, oil lands, coal lands, mineral lands, oil, gas, coal, shale, asphaltum, petroleum, asbestos, salt, water and water rights and machinery, and to work, mine, ex- plore, operate and develop the same; and in general to do all things neces- sary to the proper conduct of the busi- ness of this corporation in the Territory and elsewhere. not inconsistent with the laws of the United States and the Ter ritory of Arizona.
 Article 8. The authorized capital stock of this corporation shall be one million dollars ($l 100000 divided into one million shares of the par value of one dollar ($l.00) each. At such times as the Board of Directors may by res olution direct, said capital stock shall be paid into this corporation either in cash or by the sale and transfer to it, of real or personal property for the uses and purposes of said corporation, in payment for which shares of the capital stock of said corporation may be issued, and the capital stock so is sued shall thereupon and thereby be- come and be fully paid up and non assessable, and the judgment of the directors as to the value of the property purchased shall be conclusive.
 Article 4. The time of the com mencement of this corporation shall be the date of the filing of certified copy of these Articles of Incorporation in the office of the Territorial Auditor, and of the Recorder of Gila County, and the termination thereof shall be twenty-five years thereafter.
 Article .. The affairs of this corpor- ation shall be conducted by Board of Directors, of not more than five direct ors, and the directors may adopt By laws for the corporation, and the fol. lowing named persons shall constitute the Board of Directors until their suc- eessors are elected and qualified: M. E. Brooke, J. A. Myrberg, V. c. Hills. l
 Thereafter the Board of Directors shall be elected among the stockholders on the last Tuesday in March of each | year. The officers of said corporation 1 until their successors are elected shall | be:
 President: V. c. Hills;
 Vice-President: J. A. Myrberg;
 Secretary. M. E. Brooke;
 Treasurer: M. E. Brooke;
 Article 6. The highest amount of | indebtedness or liability, direct or con tingent to which this corporation is at any time subject shall be three hundred thousand dollars (s3OO,00O), which amount does not exceed two thirds the amount of capital stock.
 Article :. The private property of the stockholders of this corporation shall be exempt from corporate debts of any kind whatsoever.
 In Witness Whereof, We have here unto set our hands and seals this goth jay of March 1907.
 N. E. BROOKE (Seal)
 | A MYRpERG (SaaN