Bisbee daily review., 1909-09-14

tablish branch offices either within or without this territory where meetings for the transaction of any and all bust ness may be held by either the stock holders or the board of directors.
 ARTICLE q.
 The general nature of the business to be transacted by this corporation Is: To own and operate mines and aiming claims. smeltlng, refining mill ing and reduction works of all kinds; to make contracts; to purchase. lease. bond, locate or otherwise acquire, 70 own, sell. exchange. or otherwise dis pose of, to pledge. mortgage. hypothe- cate and deal in real estate and any and all kinds of personal property. stocks of other corporations, bonds. mines. mining claims, oil lands, oil, water and water ri ghts; to build. con strcut and operate mills smelters and reduction plants and 10 mine, pur- chase. sell and deal in all kinds of ore; to own and conduct any and all kinds of supply houses and stores; to bor- row money and to execute notes, bonds, mortgages and deeds of trust to secure the payments of same and in general to do any and all things necessary and expedient to the maa- agement. conduct and carrying on of the business of the corporation with in the Territory Of Arizona. or else where. not inconsistent with the laws of the Territory of Arizona, or of tke United States of America.
 ARTICLE ILL
 The authorized Capital Stock of this corporation shall be Five Hundred Thousand (s5O0,O00) Dollars, divided into one hundred thousand 100000 shares of the par value of Five Dollars (s5.Oo) each; said stock shah be non-assessable and shall be fully paid before issuance, either in cash, stock of other corporations, ser vices, or any other thing of value in the discretion of the board of direc- ors. and in the absence o f fraud in the transaction, the judgment of the directors as to the value of the prop erty purchased, services rendered, stock. and any ther things value shall be conclusive.
 ARTICLE W.
 The time of the commencement of this corporation shall be the date of filing copy of these articles in the office of tn Territorial auditor at Phoenix. and the termination thereof shall be twenty-five years thereafter.
 ARTICLE V.
 The affairs of this corporation shah be conducted by a board of not less than three nor more than five direc- tors and the following named shau constitute the board of-directors untI the fourth Monday in May, 191e. and until their successors shall De elected and qualified, to-wit: Robert Mitch ell, T. H. Collins and Charles ". McHenry. The first annual meeting of the stockholders shall be held on the fourth Monday of May, 1916. and on the fourth Monday of May of each year following, at which meetings the beard of directors shall be elected Sy the stockholders, from among the members, for the term of one year and until their successors are elected and qualified. The officers of the cor. poration shall be a president, vice president, secretary and treasurer. and the offices of president and treasurer may be held by one person, and such other officers and agents as the board of directors may, by resolution, author ize or appoint, and the officers named herein shall be directors; until the first annual meeting of the stock holders and until their successors are elected and qualified, the following named persons are hereby designated and appointed the officers of this corporation, towit: Robert Mitchell, president and treas urer; T. H. Collins, vice-president; Charles W. McHenry, secretary.
 ARTICLE VI.
 The highest amount of indcGted- | ness or liability Of this corporation to whch it can, at any time. subject itself | s' the sum of Two Hundred and Fifty Thousand Dollars.
 ARTICLE VII.
 The private property of the stock holders of this corporation is and shall l be exempt from liability for corpor- sts debts.
 In witness whereof, we have hereun- 10 set our hands this 2Sth day of June, 1909.
 JOSEPH E. MORRISON.
 FRANKLIN R n0RR