Daily Arizona silver belt., 1907-02-28

sublet, maintain, manage or construct pipe lines, tracks, reservoirs, roads. tramways, fumes, canals, ditches, em- bankments, telephone or telegraph lines, railroads and other works, smelting and refining plants, property or appliances that may be incident or auxiliary to the main business of this corporation, as set forth in subdivision (a) herein above, or that may be deemed neccs- sary, expedient, useful or convenient to said main business by the Board of Di- rectors of this corporation.
 (d). To sell, convey, bond, lease, mortgage or otherwise dispose of any and all of its property of every char aeter whatsoever.
 ARTICLE ".
 The amount of the capital stock of this corporation shall be One Million Two Hundred and Fifty Thousand (Sl ,250,0O0.) Dollars, divided into One Hundred Twenty-Five Thousand CPS. 000) shares of the par value of Ten ($l0.00) Dollars each. The said stock may be issued for money, services or property and at such times as the Board of Directors shall direct, and the con ditions of the issuance and payment therefor shall be prescribed by the Board of Directors. The stock of said corporation shall be non .assessabe.
 ARTICLE V.
 The time of the commencement of this corporation shall be the date of the filing. in the office of the Secretary of the Territory of Arizona, a certified copy of these Articles of Incorporation and the termination shall be twenty five years thereafter.
 ARTICLE VI.
 The affairs of this corporation shall be conducted by q Board of Directors consisting of not less than five (5) per sons. who shall be shareholders. A ma. jority of said Board shall constitute n quorum for the transaction of business, and the first directors shall be J. c. Britt, A. r. Hammons, A. G. Smith, Geo. R. Hill and J. B. Newman, who shall hold office until ten o clock A. NJ of the first Monday of March, 1908, and qualified.
 Thereafter the directors, annually, ai stockholders meeting to be held ai the office of the Company in Globe Arizona, on the first Monday in March at ten O clock A. M., in each year, shall be elected and qualified for the term of office commencing on the first Monday in March of each year.
 The Board of Directors shall have power at any time to fill vacancies therein.
 ARTICLE VII
 The officers of this corporation shall be President, Vice President, Secretary Treasurer and such minor officers as the Board of Directors may, from time to time, deem it wise and epedient to have. The President, Vice President Secretary and Treasurer shall be elect ed annually by the Board of Directors from their own number at the first meeting of the Board following the an, nual election of the said Directors The offices of Secretary and Treasurer may in the discretion of the Board of Di rectors, be held by one person.
 ARTICLE VIII.
 The highest amount of indebtedness or liability to which this corporation is at any time to subject itself, shall in no ease exceed Five Hundred Thousand (s50O.000.) Dollars.
 ARTICLE TX.
 The Board of Directors shall adopt Bylaws for this corporation, which may be altered, repealed or amended by said Board.
 ARTICLE x.
 The private property of the stock holders of this corporation shall be ex. empt from any and all liability for the corporate debts of this corporation.
 IN WITNESS WHEREOF, We have hereunto set our hands and seals this llth day of February, A. D. 1907.
 JOHN C. BRITT (Seal)
 A. T. HAMMONS (Seal)