Daily Arizona silver belt., 1907-05-04

anu III that connection to acquire b' purchase, location or in any otherwis whatsoever real estate of all classes agricultural lands, mines and minin, claims and mining property; to own hold, develop, improve and otherwis, use the same and to sell, exchange mortgage, pledge, hypothecate, leas, and let the same; to lay out townsite and to deal in and with the town lot and property so laid out; to make con tracts to purchase or otherwise acquir, real estate, mines and mining claims and property and to make contracts tc dispose of the same; to erect, construct and maintain buildings and improve ments of all kinds and character and tc lease and let the same and collect tho rents therefore; to conduct stores ant to engage in the mercantile business to erect, operate and maintain boarding houses, lodging houses and hotels; tC deal in and with all kinds of personal property, stocks, bonds and securities to acquire, hold, operate, maintain and dispose of electric lighting, power and water plants, gas works; sewer systems and street railways; to borrow money and execute notes, bonds, mortgages and other evidences of indebtedness tc secure the same; to loan money on rec, ognized securities; to acquire, hold and dispose of franchises; to engage in the abstract business, and in general to dc a nd on Ag pl necessary to conduct the affairs of this corporation.
 ARTICLE III.
 The authorized capital stock of this corporation is and shall be Sixteen thou sand dollars, divided into One hundred and sixty shares of the par value of One hundred dollars each. Each share of stock when issued shall be fully paid for in cash or in property of a cash equivalent, and such stock when so issued shall become forever non-assess- able.
 ARTICLE ".
 The time of the commencement of this corporation shall be the date upon which these Articles of Incorporation are filed in the office of the county Recorder of Gila County, and certified copy thereof filed in the office of the Territorial Auditor of Arizona. The termination of this corporation shall be twenty-five years from and after the date of filing the certified copy of the said Articles in the office of the Auditor of the Territory of Arizona.
 ARTICLE V.
 The affairs of this corporation shall be conducted by Board of five Di- rectors, elected annually by and from the stockholders of this corporation. The first annual meeting for this pur- pose and for the transaction of any other business that may properly come before the stockholders shall be held on the second Tuesday in October of the year 1907, and such annual meetings of the stockholders shall thereafter be held on the same day in each succeed ing year.
 The officers of this corporation shall consist of a President, Vice Presi- dent, Secretary and Treasurer. The offices of Secretary and Treasurer may be held by one person.
 Until such Board of Directors shall have been elected, the following named persons, who are subscribers to stock of this corporation, shall constitute the Board of Directors: s. H. Van Slyck, W. l.. Hagen, c. D. Reppy, J. H. Da- wis and c. D. Stephens, and until such time the following named persons are hereby made and constituted the off eers of this corporation:
 ident....................S. H. Van Slyck Vice sident.................J.H II. Davis Secretary .......................J. c. Phillipson D. Stephens Such Board of Directors shall have the power to fill all vacancies in such Board or the officers of this corpora tion, caused by the resignation or other wise, and until their successors are elected, such board and such officers are hereby given the power and author ity to do and perform any and all du- ties usually connected with like offices, which powers shall include the adoption of corporate seal and the affixing thereof to any stock certificate or other instruments in writing which may be executed by them under the powers herein conferred, as well as the adop- tion of Bylaws for the internal man. agement of the affairs of this corpor- ation.
 ARTICLE VI.
 The highest amount of indebtedness to which this corporation shall at any time subject itself shall be and is here by fixed at the sum of Ten Thousand Dollars.
 ARTICLE VII.
 Private property of the stockholders of this corporation shall be exempt from liability for the payment of corporate debts.
 In Witness Whereof, The incorpora- tors herein have hereunto set their hands this 23d day of April, A. D. 1907.
 c. D. REPPY,
 c. D. STEPHENS,
 J. c. PHILLIPSON,
 W. l.. HAGEN,
 T IT DAVIS