Bisbee daily review., 1910-07-27
~ MINING, MARKETS, FINANCIAL x
0GV

this or any other corporation.
The foregoing clauses, (aD to Ck),
inclusive, shall be construed both as
objects and powers.
In general. to carry on any other
business in connection with the fore
going. whether manufacturing or
otherwise, and to have and 10 ex-
lercise all the powers conferred uDor
corporation by the laws Of the Ter.
.ntory OF Arizona. il being hereby
expressly provided that the fore
going enumeration OF specific powers
Shall not be held to limit or No
soict In any manner the powers Of
the corporation.
ARTICLE M.
Inc amount Of the capital stock
Of this corporation shall be Fiftv
thousand Dollars (s5OOOO. OO) divided
INTO Five Thousand (5OOO) shares
OF The par value of Ten Dollars
$4,000 each, which. when issued
snail be fully paid and non-assess.
able Said capital stock shall he
issued upon such terms and cond,.
uons and at such times as the Roard
Oh Directors may determine mr. mr.
scribe; and the same may be issnad
In exchange for property, contracts
services or other benefits Of any
KIND or character accruing To the
corporation, as the Board of Direc-
tors may in the exercise OF their
Judgment determine.
ARTICLE ~.
F.. The time OF the commencement ~
this corporation shall be the dav i'm
mediately following the day unop
which certified copy of these Arti.
cles are filed with the Auditor Of the
Territory Of Arizona. and the said
corporation, unless renewed. shall
terminate twenty-five (25l wears
thereafter; but the same may be re-
newed from time to time. as now
provided by law. so as to make the
same perpetual.
ARTICLE ".
The affairs of this corporation
shall be conducted by a board of not
less than three nor more than five
directors. who shall be elected from
among the stockholders annually at
the principal Office of the corpora
ton, at Bisbee. Cochise County Ari-
iona, on the second Monday Of April
OF each year Said directors. when
so elected, shall hold office until
their successors are elected and
qualified, and any vacancy in the
board shall be filled by election by
the remaining members of the board
from among the stockholders of said
corporation.
The Board of Directors shall have
power to elect or appoint and de-
fine the duties of the officers. agents
and employees of the corporation: at
any general or special meeting 10
adopt bylaws for the corporation.
and to amend. repeal or rescind the
same; and when authorized by the
affirmative vote of a majority Of the
issued and outstanding capital stock
OF the corporation, 10 lease, mortgage.
sell. convey, or otherwise dispose of
all of the assets of this corporation:
or TO lease, mortgage, sell, convey
or otherwise dispose of. any mart
less than the whole of the corporate
assets OF this corpratin without such
authority.
, Until the first annual meeting of
the stockholders. in 1911, or until
their successors are elected and
qualified, the following named per-
sons shall constitute the Board Of
directors Of this corporation. viz:
John w. Pitts. Leonard F. Mont.
gomery and Jay C. Raub. and said
persons are hereby given the mower
to elect by majority vote. not more
than two additional directors If they
see fit. The persons so elected shall
serve until the first annual meeting
OF stockholders, or until their success
ors are elected and qualified.
The officers Of this corporation
shall be a President, Vice President.
Secretary. and Treasurer. together
with such other additional officers as
the Board Of Directors may deem
necessary; PROVIDED. HOWEVER.
that the Offices OF Secretary and
Treasurer may be held by one and
the same person.
ARTICLE vi.
The highest amount of indebted.
ness to which this corporation shall
at any time subject itself is Thirty
three Thousand Dollars 1888. 600. OO).
ARTICLE VII.
The private property of the stock.
holders and officers Of this CORPORA
ton shall be exempt from all and
any liability for its corporate debts.
IN WITNESS WHEREOF, said
eorporators have hereunto set their
hands and executed these present
this 21st day of July. A. D. 1910.
JOHN W. PITTS,
LEONARD E MONTGOMERY.
JAY c. RAUB.
Territory Of Arizona. County of
Cochise. &C.
Before me, w. K Flora, a Notary
Public in and for the County of Co
chise. Territory of Arizona, on this
day personally appeared John w.
Pitts. Leonard E. Montgomery and
Jay c. Raub, known TO me to be the
persons whose names are subscribed
to the foregoing instrument. and &C