Daily Arizona silver belt., 1907-06-21

law, and not in limitation thereof, have the right to acquire by location, bond, lease, conveyance or in any other law ful manner, any mining claims, mines or mill-sites, and to purchase, erect and use thereon any and all kinds of ma chinery and appliances either for the mining of ores or metallic substances or the treatment and reduction of the same; to deal in lands, mines, or min. ing properties. and to buy, sell, or other wise dispose of, stocks, bonds or other securities of this or any other orpora. tion, or to retain and hold the same with all the rights incident thereto; to build, construct and operate roads, tramways or railways connecting any property of the Corporation with any navigable stream public highway or common carrier and to use steam, cleo tricity or any other motive power for the operation of any meaps of trans. portation thereon and to receive. carry and deliver thereon by such means, any ores, products or other property be- longing to this or any other Corpora tion for hire or otherwise; and the do- ing of any and all acts and things nee cssary and proper in relation to the ex- ercise of any power above expressed, all which may be included in the gen eral powers of a Corporation as defined by law or that might properly be done by private individual.
 ARTICLE III.
 The amount of the capital stock of this Corporation shall be One Million Dollars divided into Two Hundred Thousand shares of the par value of Five Dollars per share, which, when is sued, shall be fully paid and non as. sessable.
 Said capital stock shall be issued upon such terms and conditions and at such times as the Board of Directors may determine and the same may be issued in exchange for property. con tracts, services or other benefits of any
 q kind or character accruing to the Cor poration as the Board of Directors may. in the exercise of their judgment, deem proper, and the judgment of the Board of Directors as to the value of any property, contract, service or benefit. shall be binding and conclusive except in case of actual fraud.
 ARTICLE ".
 The affairs of this Corporation shall be conducted by Board of not less than three nor more than nine Direct. OTIS, who shall be selected from among the Stockholders at the annual meeting thereof, which meeting shall be held at the Company's offices in Globe, Giia County, Arizona, on the Second Tuesday in June of each year.
 Said Directors when elected and qual. flied shall hold office until their success. sors are chosen and qualify and the Board shall have power to fill vacancies in it's own membership, to make and establish bylaws, rules and regulations for the government of the Company and the conduct of its business and shall have full management and control of the property.
 Should the Board at any time consist of five members it shall be lawful for the said Board to designate or appoint an Executive Committee consisting of three of its members, and such Exeeu tive Committee shall, when the Board IS not in session, and to the extent provided by the bylaws or by the res olution designating such committee have, and exercise all the powers of the Board of Directors.
 Until the first annual meeting of the stockholders, or until their successors or associates are elected and qualified the ineorporators undersigned shall con. stitute and be the Board of Directors of this Corporation and shall exercise all. of the powers above enumerated.
 The officers of the Corporation shall be President, a Vice President. Secretary and Treasurer, and such other officers as the Board of Direct DTS elect, designate or employ. The President and Vice President shall be of the Board of Directors and any other office in the Corporation may by filled by any competent stockholder elected by the Board. The duties of all officers shall be prescribed and their powers limited by the Board of Direct. DTS either in the bylaws of the Com. pany or by resolution.
 ARTICLE V.
 The time of the commencement of The existence of this Corporation shall be the day upon which a duly certified 1 copy of these Articles are filed for rec | 'rd with the Auditor of the Territory, IS provided by law, and such corporate | existence shall terminate twenty-five years thereafter but the same may be from time to time as provided | 1y law.
 ARTICLE VT.
 The highest amount of indebtedness o which this Corporation shall at any ime subject itself is Five Hundred Thousand Dollars, which indebtedness nay be evidenced and secured as the 5oard of Directors may determine.
 ARTICLE VII.
 The private. property of the Incor. 'orators, Stockholders and Officers of his Corporation shall be forever ex- mpt from any and all liability for it's orporate debts.