Arizona republican., 1907-09-14

proposed to be transacted shall be to purchase. locate bond or otherwise ac- quire. hold. exchange. sell. mortgage and disrose of and deal in Iodes. mines. mining claims. mining properties. real estate. town sites. valuable ores, min erals and mineral bearing earth or rocks. water and water rights. and to work. operate and u=e the same; to develop. use. sell and otherwise dis pose of electricity and electric power. and for that purpose Jo construct. buy or otherwise acquire all the property necessary OF desirable for the purpose of developing. selling. using or 0ther- wise disposing Of the same. to ac- quire and erect mills, concentrations. reduction works and smelters for OK tracting values from ores and miner als and to operate the same: to ac- quire and own all the machinery ueces- sary or incident to the conduct or the business of the corporation: tO do and perform any. and all things incident tO mining. milling, transporting. smelling and reducing ores and min erals and of disposing of the products thereof. or necessary or incident to the conduct of any and an business which this corporation Is authorized to do. 10 construct. maintain and operate ruadways, tramways and railways.
 ARTICLE IT.
 The amount of capital stock author ized shall be Two Million Dollars S2.- 00CooO and it shall be divided into Two Million C2.0o0. .0C0) shares of a. par value Of one dollar each. The capital stock shall be paid in when it is sub sSribed for and when the certificates therefor arc issued. T. may be paid in in cash or property acceptable tO the Board Of Directors.
 ARTICLE ".
 The time CT the commencement of the corporation shall be June 18th. 1907. and the determination of the corpora ton shall be twenty-five (2O years from the time of it's commencement.
 ARTICLE V.
 The affairs Of the corporation shall he conducted by a board of seven di- rectors and the following officers. viz. a president. a vice president a secre- tary. m assistant secretary. a treasurer and an assistant treasurer. The mem bers of the Board of Directors shall ba elected by the stockholders annually at their annual meeting The officers shall De elected by the Board Of Di- rectors at a meeting to be held in- mcdiateiy after the election Of the Board Of Directors each year. Should the stockholders fail to elect any mem her or members of the Board of Dirrc- tors. they may elect such members 1f inc board at a meeting of stockhol5- CTS called for that purpose Until such time as their successors shall be elect ed. the incOrporatOrs herein named shall be the directors of the coruara- tion. The annual meetings of stoek- holders shall be held on the first Tues day in June in each year after th. year 19l1. Until their successors shall have been elected. Michael P Ryan shall be president. Harvey F. Hall shall be Vice President. Thomas R Kane shall be Secretary. Charles Bris- COG shall b. assistant secretary. Paris Fletcher shall be treasurer. and V. A. Donev shall be assistant treasure The Board or Directors may a1o-t such bylaws. noc inconsistent with law, as they may deem proper.
 ARTICLE VI.
 The highest amount of indebteIn ss or liability to which the corporation Is to at any time subject itself Is Five Hundred Thousand Dollars C-o000al
 ARTICLE VII.
 Private property shall be excmrt from corporate debts. The capital stock shall be nOa-assessabIe.
 IN WITNESS WHEREOF The above named incorportors have herc- unto sgt their names and seals this 1fth day Of June. 1s0-- in Preserce of
 c. R. ST JOHN.
 F X. SEARS