Daily Arizona silver belt., 1907-02-22

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 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, sbale, 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 ($250, ,000.00), divided into Twenty five Thousand (25,O00) shares of the par value of Ten Dollars ($1O0O) each. At such times as the Board of Directors may by resolution direct, said capital stock shall be paid into this corpora tior, Cither in cash or by sale and trans fer to it of re;d or personal property for the uses and purposes of said corpora tion, in payment for which shares of the capital stock of said corporation may be issued and the capital stock so issued shall thereupon and thereby be- come and be fully paid up and non assessable, and, in the absence of actual fraud in the transaction, the judgment of the Board of Directors as to the value of the property purchased shall be conclusive.
 FOURTH. The time of the com of this corporation shall be the date of the filing of certified copy of these Articles of Incorporation in the office of the Territorial Auditor, and of the Recorder of Gila County, 1 and the termination thereof shall be | twenty five years thereafter, unless the termination thereof shall be duly ex- tended in accordance with law.
 FIFTH. The affairs of this corpora ton shall be conducted by Board of | Directors consisting of not less than three nor more than seven members, and the following named persons shall | constitute the Board of Directors until | their successors shall have been elected: ] bach, E. J. Kaltenbach and George F. | Wilson. Thereafter the Board of Di- 'ectors shall be elected from among the on the first Monday in the month of February of each year. The officers of said corporation, until their shall have been elected, shall ,e: E. J. Kaltenbaeh, President; c. E. Vice President; Harold E. 3ierce, Secretary Treasurer.
 SIXTH. The highest amount of in- lebtedness or liability, direct or con ingent, to which this corporation is or hall be at any time subject shall be )ne Hundred and Fifty Thousand Dol ars ($l50, 0,000.00), which amount does lot exceed two-thirds of the amount of apital stock.
 SEVENTH. The private property of he stockholders of this corporation hall be exempt from corporate debts of my kind whatsoever.
 In Witness Whereof, We have here into set our hands and seals this if eenth day of February, 1907.
 HAROLD E. PIERCE (SeaD
 CHARLES E. KALTENBACH (Seal)