The border vidette., 1908-08-01

place of business of said corporation outside of the Territory of Arizona shall be the City of Kansas City, County of Jackson, State of Mis- souri, in the United. States of America, at which place meetings of Che Board of Directors may be held and it may establish and maintain such other branch offices either within or without the Territory of Arizona as the Board of Directors may order. At such office in Kansas City. Mis- souri, the first and subsequent meetings of the Board of Directors may be held and all its corporate business transacted, not inconsistent with the laws of the Territory of Arizona. The first meeting of the stockholders shall be held in the City of NegaIes, Arizona, well as all subsequent meetings, unless otherwise ordered.
 ARTICLE III.
 The general nature of the business proposed to be acted by this corporation is as fol- lows to-wit: To buy, own, bCild erect, maintain. operate, smelters of every kind and to erect. maintain, operate, and own stamp mills and reduction works of every description whatso- ever for the purpose of smeltlnS and treating ores Of all kinds and description; to acquire, hold. plant into city and town lots, sell. lease, buy aud mortgage real estate and mIll property; to-work. operate. buy, sell, lease, locate, ac- quire, hold and deal in mines, metals. mineral and placer claims, mining and water locations and water power of every kind and description, to build, erect, maintain and keep in repair water dams across streams as to back water and to build, erect and maintain, lease and sell, the water ponds and other places for the storage of water; sell and supply water for all purposes of mining, agriculture or other pur- pose; to buy, bond. sell. build operate and conGuct ferries tramways and other means of transportation of goods, merchandise timber, lumber, ore, mining machinery and other ma terials, incident and apper tainiDg to the busi- ness of the Company; to maintain operate electric light and power plants for the purpose of furnishing and leasing electric and water power for all purposes; to acquire, lease and operate water rights and fumes for the pur- pose of mining and treating ore and reducing ore, and operating machinery. transporting lumb mber, timber goods. and merchandise in con nection with the business of the Company; to own and manage and flour mills; to buy and sell tim Der. lumber and merchandise and to carry and do general mercantile busi- ness; to buy, own sell and deal in stock of other corporations; to borrow money and execute notes other evidences of indebtedness and secure the same by bond otherwise the property of the Company and upon all contract rights of the Company and to the same extent and the same manner that natural person might could do.
 To purchase. lease, bond, locate CT otherwise acquire, own exchange, sell or otherwise dis pose of pledge. mortgage, hypothecate, and deal in real estate an l all kinds of personal property, mines, mining claims oil lands, min eral lands, oil, gas, asphaltum. petroleum water and water rights and machinery, and to work,
 
 to do a general real estate manufacturing. and mercantile business; to own, handle, control letters patent and inventions and chares of capitol stock of other corporations; to borrow m. .,ney and execute bonds, mortgages deeds of trust to secure the same and to exercise in respect to all such bonds. mortgage notes, shares of capitol stock and other securities and obligations and any and all rights, powers aud privileges of individual owners thereof, in cluding the right to vote upon any share of stock held by it to the same extent that 8 natural person might or could do; and in gen eral to de all things necessary to the proper conduct of the business of this corporation in the Republ of Mexico or in the Territory of ! rizona 0 elsewhere; also tG' lease own and operate n shelter snelters other plants for the reduction of ore and to lease own and to operate telephone and telegraph lines.
 ARTICLE ".
 The amount of the capitol stock of the said corporation is Three Million (S:;. .Og0COD) Dol lars, and number of shares into which it is divided is Three Hundred Thousand (@OOG0O) of the par value of Ten (S1O.Uo) Dollars per share.
 At surh times as the Board of Directors by resolution direct. the capitol stock shali be paid into the corporation and such payments may be made either in cash by the sale and transfer to it of property of any kild for the uses and purposes of said corporation and shares of said capitol stock may then be issued a nd said shares issued shall thereupon and thereby be and become forever fully paid up and in the absence of actual fraud, the judg-N ment of the Board of Directors as to the value of such property purchas sed or services render