Daily Arizona silver belt., 1907-02-26

PANY. The principal place within the Territory of Arizona in which the busi- ness of said corporation is to be tran saeted is Globe, Gila County, Territory of Arizona, and the corporation may es- tablishe branch offices either within or without the Territory of Arizona where meetings of the Board of Directors may be held.
 SECOND. The general nature of the business proposed to be transacted by this corporation is as follows, to wit:
 To conduct a general mining and ex- ploration business, with full powers to make contracts, to purchase, lease, bond, locate or otherwise acquire, own, ex- change, sell or otherwise dispose of, pledge, mortgage, hypothecate and deal in real estate and any and all kinds of personal property, mines, mining claims, oil lands, coal lands, mineral lands, oil, gas, coal, shale, asphaltum, petroleum, asbestos, salt, water and wa ter rights, and machinery, and to work, mine, explore, operate and develop the same; to purchase or otherwise acquire, to sell or otherwise dispose of, and to deal in any and all kinds of stocks, bonds, debentures, securities of any and all kinds, and obligations or evidences of indebtedness of other corporations or associations either within or without the Territory of Arizona; and in general to do all things necessary to the proper conduct of the business of this corpora tion in the Territory of Arizona and elsewhere, not inconsistent with the laws of the United States and the Ter ritory of Arizona.
 THIRD. The authorized amount of capital stock of this corporation shall be Two Hundred and Fifty Thousand Dol lars (s25O, ,OO0.OO), divided into Twenty five Thousand (25,000) shares of the par value of Ten Dollars (S1O.OO) each. At such times as the Board of Directors may by resolution direct, said capital stock shall be paid into this corpora tion, either in cash or by sale and trans fer to it of real or personal property for the uses and purposes of said corpora ton, in payment for which shares or the capital stock of said corporation may be issued; and the capital stock so issued shall thereupon and thereby be- come and be fully paid up and non assessable, and, in the absence of actual fraud in the transaction, the Judgment of the Board of Directors as to the value of the property purchased shail be conclusive.
 FOURTH. 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 tke office of the Territorial Auditor, and of the Recorder of Gila County, and the termination thereof shall be twenty five years thereafter, unless the termination thereof shall be duly ex- tended in accordance with law.
 FIFTH. The affairs of this corpora tion shall be conducted by a Board of Directors consisting of not less than three nor more than seven members and the following named persons shall constitute the Board of Directors until their successors shall have been elected: Harold E. Bierce, Charles E. Kalten' bach, E. J. Kaltenbach and George F. Wilson. Thereafter the Board of Di rectors shall be elected from among the stoc kholders on the first Monday in the month of February of each year. The officers of said corporation, until then successors shall have been elected, shall be: E. J. Kaltenbsch, President; c. E