Daily Arizona silver belt., 1907-01-03

hold without limit, purchase and convey real and personal property both within and without the said Territory of Ari. zona, that is to say, in the Territory of Arizona, and in all other states and territories of the United States; to pur. chase for the purpose of holding, occu- pying and using the same, to be leased or sold for profit and to otherwise ac quire, hold, own, maintain, wsrk, i'm prove, mine, develop, sell, convey or otherwise dispose of, without limit as to value, price, quality, area or environ. ment, both within and without the Territory of Arizona, and in any part of the United States, real estate and real property and any and all inter- ests and rights therein; to hold, pur- chase or otherwise acquire, to sell, as sign, transfer, mortgage, pledge, hy- pothecate or otherwise dispose of, its own shares of capital stock, bonds or other evidences of indebtedness, created by any other corporation or corpora tions, and while the holder of such stock to exercise all rights and privi. leges of ownership, including the right to vote thereon to the same extent as a natural person might or could do such and everything necessary suitable and proper for the accomplish ment of any of the purposes or the at tainment of any one or more of the objects herein enumerated.
 Third. That the amount of capital stock is and shall be One Million ($l,- 000,000) Dollars, divided into one mil, lion (l,000,000) shares of the par value of One ($l.00) Dollar per share, which may he paid for at once, or from time to time, and in cash as called for by the directors of said company, or by conveyance, transfer, assignment or de livery of property which may be pur- chased by said company, or by rendi. ton of services or performance of labor for said company, or by the satisfaction and discharge of any obligation or obi gations which may be incurred by said company or in any other lawful manner which may be determined upon by the directors of said company.
 All shares of stock when issued shall he fully paid and the same shall be forever non -assessable.
 Fourth. That the time of the com. meneement of this corporation shall be the time when certified copy of these articles shall be filed in the office of the auditor of the Territory of Ari. zona, and the termination thereof shall be twenty-five years from and after said date
 Fifth. Section !: The officers by whom the affairs of said corporation are to be conducted are and shall be Five (5) Directors, who shall be annu- ally elected upon the first Tuesday after the first Monday of November each year; provided, that the date of such annual election may be changed from time to time by the bylaws of said company.
 There shall also be President, a Vice President, Treasurer and See retary of said company, and such other officers as may be provided for by by law, all of whom shall be elected or appointed in such manner and at such times and for such terms as the by laws may prescribe.
 The directors shall hold office for one year from the time of their election and until their successors shall have been elected and qualified.
 Vacancies in the Board of Directors shall be filled by appointment, by the board, or president, as the bylaws may provide. Any person so appointed to fill vacancy in the Board of Directors shall hold office until the next annual election and until his successor shall have been elected and qualified. Nc person shall be director who shall not be at the time of his election or appointment a holder of one or more shares of the capital stock of this cor. poratiou.
 Section 2. All election of directors shall be by ballot and every stockholdei shall have the right to vote, in person or by proxy, the number of shares standing in his name on the books of said corporation, for any and all per