Bisbee daily review., 1911-07-26

such Indebtedness as in the judg
 ment of its board Of directors may
 be deemed necessary or proper 1T
 the conduct Of it's business, and tC
 issue it's bonds, debentuTes or other i evidences of indebtedness therefor
 and to secure the payment thereof
 by mortgage or deed of trust Gs,-
 any or all of the company's pr0per
 ty, real, personal or mixed, includ
 ing any and all right. privileges ol ] franchises which it may own or ac. quire.
 (12) To take over, acquire, par. chase by deed. conveyance, assign ment or otherwise. and in any man. ner acquire. control, hold. own, main. tain, operate. improve or extend, the telephone lines, exchanges and sys-
 tens. franchises, rights of way. physical properties and rights and privileges of every kind and char. acter, owned or controlled by the Rocky Mountain Bell Telephone Com pany in the states of Utah, Mon. tana, Idaho, Wyoming or elsewhere. and to use or operate the same in ! connection with or independently or the properties and franchises of ' this company. located elsewhere ! than in said states, and to sell, mortgage. lease or otherwise dis pose of any such physical property franchises or rights so acquired or to be acquired.
 Q2) To purchase, acquire and take over as @ going concern or otherwise. and to carry on, main. tain and operate, all or any part Of the property, franchises, rights of every kind and character or bus mess, of any person, firm or corpora ton, possessed thereof, which can be incidentally used for any of the purposes of this company, or for carrying on any business which this company is authorized to carry on. and as the consideration for the same, to pay cash or to issue any stocks, debentures, bonds, or obliga- tions Of this company, and ia con- nection with any such transaction to assume or guarantee any liabiE- ties relating to the business or property. franchises. rights of every kind or character, or business so purchased, acquired or taken over, and likewise to issue stock for ser vices rendered 10 this company, and stock issued in payment for such property or services shall be full paid stock, and not liable to any further call or payment thereon, and in the absence Of actual fraud in the transaction, the Judgment Of the directors as to the value Of the property purchased or sreyices rend- cred shall be conclusive.
 (14) The board Of directors may by resolution passed by a majority of the whole board, designafe in the manner provided in the bylaws, three or more of their number to constitute an executive committee, which committee shall act by majority vote of quorum, and shall, to the extent named in the by- laws, have and exercise the man agement of the 5asiness and af- fairs oi tbe company. subject, how ever, to the approval and direction of the board of directors
 (l5) Generally to carry on or undertake any and all business Of the same general nature, which from time to time seem to the directors Of this company capable of being conveniently carried on in cOnnecs ton with the aboge mentioned ob. iects, or calculated directly or in, directly to render valuable or en hance any of the compary's privi iiges or rights.
 III.
 The lines of telephone and tele- sraDh of this company shall begin at Denver, Colorado, and shall pass into and through every county in the state of Colorado and into and to all cities and towns thereof, and out of the state of Colorado into the territcries of New Mexico and Arizona and the states of Utah. Mon tana, Idaho ana Wyoming and ao- joining states, and shall pass into and through every county Of said states and territories and into and to all the cities and towns thereof. !
 ".
 The capital stock of our sad company is fifty million Cs50,O0U.- ee0.00) dollars, divided into five tundred- thousand l560,000l shares of the par value of one hundred ts1Oo-oo) dollars each.
 .F 1 ".
 The number of directors of our ! said corporation shall be eleven QD. ! and E. J. Field. Edw B. Fiell, | Jr.. Crawford HiE, Edwin s Kass- . Ter, Philip Feldhauser, W. l.. Ora ham, 4. Y. Hunter, r. NJ. Burgess, . Philip Hamlin. L. C. Phipps, Jr.. and J. L. Macdonald are hereby designated and shall constitute the f board of directors who shall man. age the affairs Of said company and serve for one year and until their successors are elected and qualified.
 VI.
 The term of existence Of said cor DOration shall te twenty (20) years
 VII.
 Tho principal business of this company shah Dc carried on in the -iiy and county of Denver, and buz- mess may also be carried On in every county of the state Of Colo rado. and in such or all Of the counties of the states of Utah, Wy ,ming. Idaho and Montana, and tho of Arizona and New Mexi- 70, and in such others states. ter -itories or colonies of the United States, or of any foreign country,