Bisbee daily review., 1911-07-23

NAHt NAoDRcE oi any tthANa RiAfliN7 7tf franchise, bonds, securities, real or personal property, concessions, grants, profits or general assets which it may acquire. 10 exchange it's stock, bonds Or other property of what soever kind or nature. for tele- phone exchanges, telephone and tele. graph equipment, telephone and tel egraph lines and systems, in what soever state, territory, colony pr country situated, and for rights, priv ileges and franchises to constrct, equip, operate and maintain tele- phone and telegraph lines and sys- tens. in any state or territory pr colony of the United States, or Of any foreign country.
 (10) To acquire by lease. pur- chase. condemnation or otherwise, and to own, hold, sell, mortgage or otherwise dispose of. real and per sonal property, as may be necessary, convenient or proper for the sue cessful conduct of the business for which this company is organized.
 CID To borrow money and incur such indebtedness as in the judg- ment of it's board of directors may be deemed necessary or proper in the conduct of it's business, and to issue it's bonds, debentures or other evidences of indebtedness therefor, and to secure the payment thereof by mortgage or deed of trust upon any or all of the company'n proper ty, real, personal or mixed, includ- ing any and all right, privileges or franchises which it may own or ac- quire.
 CPD To take over. acquire, pur- 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 Con- pany in the states of Utah. Mon tana, Idaho, Wyoming or elsewhere. and to use or operate the same n connection with or Independently oI 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.
 (l2) To purchase, acquire and take over as a 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 10 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 to 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 srevices rend- cred shall be conclusive.
 Q4) The board of directors may by resolution passed by a majority of the whole board, designate in the manner provided in the bylaws, three or more of their number to constitute an executive committee, which committee shall act by q majority vote of a quorum, and shall. to the extent named m the by laws, have and exercise the man agement of the business and ai- fairs of the company, subject, how ever, to the approval and direction of the board of directors.
 (15) Generally to carry on or undertake any and ali 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 eonnec tion with the above mentioned ob. iects, or calculated directly or in- directly to render valuable or en- haHce any of the companys privf liges or rights.
 III.
 The lines of telephone and tele- grsDh 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 ad- 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 said company is fifty million (S50,0o0.. e000o) dollars. divided into five hundred thousand (5o0.0O0l shares of the par value of one hundred lsl00.00l dollars each.
 fer V.
 The number of directors of our said corporation shall be eleven (1D, and E F. Field. Edw. B. FieLl, Jr.. Crawford Hill. Edwin s Kass- Ter, Philip Felehsuser, ". L. Gra- ham, 4 " Hunter. E. NJ Burgess,