Arizona republican., 1909-03-27

purposes. and to sell. lease, or dispose, of the same to such persons or cor porations, and for such price or prices and on such terms and conditions as to this corporation may seem proper. electrical and other power for the gen eration. distribution. and supply of electricity for mining. heating and power purposes. To purchase. lease or otherwise acquire, construct and maintain plants for the purpose of ex- tracting values from refractory ores To purchase. treat. refine, extract. re- duce, crush. calcine, smelt cOncen- trate and manipulate all kinds of ores, minerals and metalliferous substances with a view to obtaining therefrom gold. silver. tin. lead. copper. iron. and other metals. combinations of metals. or other valuable substances. with a view to preparing the same for mar ket- Generally to engage in smelting. reducing. crushing, refining. milling. treating. aSsaying. and selling. min erals and ores of all kinds. classes and descriptions. To buy, sell, manufac- ture. and generally deal in machinery. blasting powder. and high explosives of every description. fuses. caps, i'm plements. candles, and conveniences suitable for use in connection with mining and metallurgical operations To purchase. lease, or otherwise ac- quire. lands for the purpose of erecting thereon office buildings. plants. work shops, dwelling houses. warehouses. stores. hotels. and other buildings in connection with the foregoing pur- poses.
 Fifth: The authorized amount of capital stock of this corporation shall be s25.OOOOO. divided into one thou sand shares of the par value of $25.0O each.
 The board of directors may cause said capital stock or any part thereof to be subscribed or paid for in cash. in the purchase or exchange or trans action of real or personal property and for services rendered. and to issue or cause to be issued any part or all of the capital stock as required. at any time or from time to time, and when SO issued it shall be fully paid and non -assessable, and in the absence of fraud in the transaction. the judgment of the board of directors as to the value of services rendered shall be conclusive. Shares of stock may he voted by proxy at all stockholders meetings.
 Sixth: The time of the commence ment of this corporation shall be the date of the filing of a certified copy of these articles of incorporation in the office of the territorial auditor of Arizona, and termination thereof shall be twenty-five years thereafter
 Seventh: The affairs of this cor poratiOn shall be conducted by board of directors. who shall be elected an nually by the stockholders at the an nual stockholders meeting.
 Eighth: The annual meeting of the shall be held on the first Tuesday after the first Monday in the month of January of each year.
 Ninth: The highest amount of in debtedness or liability, direct or con- tingent, to which this corporation is at any time subject. shall be 20 per cent of the capital stock.
 Tenth: The private property of the stockholders of this corporation shall be exempt from corporate debts of any kind whatever
 Eleventh: One of the principal places where the affairs af this cor poration shall be held and conducted