Bisbee daily review., 1911-07-29


 egraph lines and systems, in what
 soever state. territory, colony oI country situated. and for rights. priv ileges and franchises to constrcr
 equip, operate and maintain tele
 phone and telegraph lines and sys. tens. in any state or territory 0- colony of the United States, or Of any foreign country.
 uO) To acquire by lease. pur. chase, condemnation or otherwise and to own. hold, sell, mortgage or otherwise dispose of, real and per. sonai property, as may be necessary, ] convenient or proper for the sue [ cessfuI conduct of the business for which this company is organized. CID To borrow money and incur such indebtedness as in the iudg. ment of it's board Of directors may i be deemed necessary or proper in l the conduct of its business, and to issue its bonds. debentures or other l evidences of indebtedness therefor, and to secure the payment thereof ' by mortgage or deed of trust upon any or all of the company's proper ! ty, real, personal or mixed. includ. ing any and all right, privileges or franchises which it may own or ac- quire.
 Q2) 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 Ot every kind and char. acter, owned or controlled by the Rocky Mountain Bell Telephone Con- pany in the states of Utah, Mon tans, 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 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, debentuTes, bonds, or obiiga- tions of this company, and ia con nectiOn with any such transaction to assnme or guarantee any nabiE- ties relating 10 the business or property. franchises. rights of every kind or character, or business 80 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 10 any further call or payment thereon. and in the absence of actual fraud in he transaction. tie judgment of the directors ~as to the value of the property purchased or sreviees reno cred shall be conclusive.
 (lD 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 majority vote Of a quorum, and shall, to the extent named in the by. laws, have and exercise the man. agement of the business and af- fairs ol the company. subject, how ever, to the approval and direction of the board of directors.
 15) Generally b carry on or undertake any and all business of the same general nature. which from time tn time seem to the directors CT this company capable of being conveniently carried on in cOnnec tion with the abore mentioned ob tects, or calculated directly or in. directly to render valuable or en nance any of the company's privi liges or rights.
 The lines of telephone and tele- graph 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 tho territories of New Mexico and 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 i
 ".
 The capital stock of our said company is fifty million (S50,0OD.- 1 e00.00) dollars. divided into five ! hundred thousand (50o.0OO) shares ! of the par value of one hundred | ls100.00) dollars each.
 V.
 The number of directors Of our I said corporation shall be eleven CID. ! and E ?. Field, Edw. B. Fiell, | IT,, Crawford Hili, Edwin s. Kass. Ter, Philip FelGhauser. W. L. Ora ham. A. " Hunter, F. NJ. Burgess. Philip Hamlin. L. C. Phipps, Jr.. and J. E. Macdonald are hereby designated and shall constitute the board Of directors who shall mar- age the affairs Of said eOmpany and serve for one year and until