Arizona republican., 1908-06-05

ing and d1SpOSlnS or all klnuS or Hlih- ing claims, mining properties and mines, machinery and applicanes; and the mining and selling of all kinds of ores; and of prospecting, exploring, discovering and locating lodes and veins, bodies and masses of mineral of all kinds, and using, occupying, de- veloping. enjoying, working and pos sessing the same; and of acquiring mineral location sites, town sites and mill sites, and sites and privileges or all kinds under the mineral and land laws of the United States and the va rious states and territories thereon; and in the Republic of Mexico; locat-. ing, driving, owning and operating tunnels for the purpose of discovering veins, lodes and bodies of ore, drain ing mines and mining properties; and for tramWay purposes and for trans Dorting for hire of ore, waste and other materials through said tunnels; and purchasing, owning and using all necessary real and personal property incidental thereto; and to buy, own, control, erect, lease and use, operate and enjoy smelling and concentrating plants and mills, and processes of all kln0S Tor the ITtdllutlll anu lfdhtAAA5 of ores, and saving and obtaining val ues from all kinds of mineral bearing rock, earth and ores, and of doing any and all things that may be proper, useful and necessary or requisite to carry on a general mining and milling, smelting and Ore-reducing business; and to buy and sell ore of all kinds containing precious minerals and metals; and of owning any and all kinds of property, real, personal and leased, necessary to the proper con- duct of said business; and of doing any and all things useful, necessary or requisite to carry into effect the business purposes for which the said company is formed, and for the pur- pose of buying, acquiring by location, acquiring by lease and leasing, bond- ing, selling, operating and dispOsing of water rights and privileges: and to construct and operate electric light plants. electric power plants. water power plants and all kinds of plants for the purpose Of employing water in the manufacture of power and light ing; and 10 construct and operate pipe lines for the purpose of conveying 
 the water that may be conveyed by such pipe lines; and for the purpose of selling, leasing, renting. and in gen eral disposing of water power, cleo tric power and electric lights; and to construct and operate railroads, tram ways, turnpikes and canals, dams and reservoirs. leading to or from the prin- cipal works and other places of busi- ness of this company, to navigable streams and existing railroads, turn bikes and public highways. as allowed by the statutes of the territory of Ari- Zona: and to build, equip and operate telegraph and telephone lines for the purpose of facilitating the business of the company and for profit: to carry on a general commercial and merchan- dising business: and 10 maintain stores and other necessary institutions incl dent to said merchandising business; to acquire. use and operate water and ditch rights and privileges of every kind and nature whatsoever for profit and otherwise: and to do any and all things useful. necessary or requi- site to oI'erate the same and to carry out any of the purposes for which said company IS formed. iri lE," 1a-a
 Third: The capital stock of our said company shall be one million dol lars 1.OOO.OOO.O0l divided into one million q GOO .O00OQ) shares of the par value of one dollar .t$1.00) for each share, and said stock shall be issued full paid and non-assessable. at such time or times as the board of directors may designate, in exchange for cash. property, services or other valuable right or thing. and the judgment of the board of directors, in the absence of actual fraud. shall be conclusive.
 Fourth: Our said coniDany is to exist for the term of twenty-five (25) years. and may be renewed at the eX- piration of that time.
 Fifth: The affairs and management of our said company is to be under the control of a board of seven @ direc- tors. and ". P. Durham, E. G. ThOm- as. G. A. Whiteford, C. F. Schilling. George Bayly, J. R. Talpey and Sam uel C. Pierce are hereby selected to act as said directors, and to manage all affairs and concerns of said com pany during the first year of its ex- istence. and until their successors are duly elected and qualified.
 Sixth: The operations 9f our said company will be carried on in the ter ritory of Arizona. and in other states and territories of the United States of America and Republic of Mexico; and the principal place and business office of said company shall be located in the city of Phoenix county of Mari cOpa, and territory of Arizona afore- said Branch offices may be estab- lished in such other cities of the United States and elsewhere, as the board of directors may designate by bylaws or resolutions; and meetings of the board of directors or stockhold- CTS may be held at such points outside of the territory of Arizona, and at such times as the best intersts of the com pany may require. The principal place of business outside the city of Phoe- nix, shall be the city of Los Angeles, California.
 Seventh: The board of directors shall have the power to make such prudential bylaws as they may deem proper for the management of the af- fairs of this company, and subject to the approval of the stockholders of the company. according to the statute of the territory of Arizona, in such case made and provided.