Bisbee daily review., 1912-07-30

the same. or otherwise 10 dispose
thereof. or 10 maintain and operate
the same. except that in the case OF
railroads, tramways. turnpikes or ca
mails. this corporation shall only have
power 20 construct and operate the
same from SIS PRINCIPAL works or
place of business to some uavigable
stream, or to some existing railroad
turnpike or public highway
(c) To engage in any manufactUr-
ing, mining. construction or trans.
portation business Of any kind or
character whatsoever. and to that
end, TO acquire. hold, own and dis
pose OF any and ell property. assets.
stocks, bonds and rights OF any and
every kind.
tdD To manufacture. purchase or
otherwise acquire mechanical devices
and machinery of every kind and char
acter. and goods. wares. merchandise
and personal property OF every class
and description, and 10 hold, own,
mortgage, sell. or otherwise dispose
Of. trade, deal in and deal with the
same.
(e) To acquire the good will. 1rop-
erty. rights, franchises and assets OF
every kind, and the liabilities OF any
person. firm. association or corpora
ton, either wholly or partly and to
pay for the same in cash, stock or
bonds of this corporation, or other
wise.
(D To enter into, make. perform
and carry 7ut contracts OF every
kind, and for any lawful purpose with
any person, firm, association or cor
poration.
(g) To borrow money and secure
the payment of same by the issue
OF debentures or dehenture stock, or
in such other manner as tine corpora.
ton shall think At.
Oh To draw, make, accept. en-.
dorss discount, execute and issue
promissory notes, bills Of exchange,
warrants. bends, deDentures, and 9th
er negotiable or transferable instru-
ments.
O To conduct business in any OF
the states, territories. colonies or de-
Tendencies of the United States. in
the District of Columbia. and any and
all foreign countries. and to have one
or more Offices therein, and TO hold,
purchase, mortgage and convey real
and personal property without limit
as TO the amount therein. but always
subject to the laws thereof
Cd To remnnerate any person or
corporation ror services rendered, in
placing. or assisting to place. or guar.
anteeing the placing of any of the
shares OF stock of the corporation, or
any debentures or other securities Of
the corporation, or in or about the
% ~
alton. or in the conduct of its bust
ness.
(k) Subject 10 the provisions OF
law. to purchase, hold, sell and re-
issue the shares OF capital stock OF
this or any other corporation.
The foregoing clauses. (a) to (k),
inclusive. shall be construed both as
objects and powers.
In general, to carry on any other
business in connection with the
foregoing. whether manufacturing or
otherwise, and to have and to exer-
else nil the powers conferred upon
corporations by the laws of the State
OF Arizona, II being hereby express
ly provided that the foregoing enum-
Grafton OF specific powers shall not
be held TO limit or restrict in any
manner the powers OF the corpora
ton.
ARTICLE III
The amount of the capital stock
Of this corporation shall be One Mil
lion Isl 700, 100000 Dollars. divided
into One Hundred Thousand QOG.-
000) Shares of the par value OF Ten
| $4,000 Dollars each, which, when
issued, shall be fully paid and nom
| assessable. Said capital stock shall
be issued upon such terms and con.
ditions and at such times as the
| Board of Directors may determine or
| prescribe; and the same may be is
sued in exchange for property, con.
tracts. services or other benefits Of
| any kind or character accruing TO the
corporation, as the Board OF Directors
may in the exercise OF their judg.
ment, determine.
ARTICLE ".
The time Of the commencement OF
this corporation shall be the date
when a certificate OF INCORPORATION
| is issued to said corporation by the
! Corporation Commission OF the State
OF Arizona, and the said corporation.
unless renewed, shall terminate TWEEN
ts-ilft years tHSIedlIeTs Dut tne same
/ may be renewed from time to time,
as now provided by law. so as to
make the same perpetual
ARTICLE V
The affairs OF this corporation shall
be conducted by a board OF seven "a
directors who shall be elected from
among the stockholders annually, at
! the annual meeting thereof. The an
ndal meeting of the stockholders Of
this corporation shall be held at
the principal Office Of the corporation,
| at Bisbee, Cochise County, Arizona
on the second Monday of April of
each year. Said directors, when
elected, shall hold Office until their
successors are elected and qualified
and any vacancy in the Board shall
| be filled by election By the remain
ing members OF the Board from among
| the stockholders of said corporation.
The Board Of Directors shall have
power to elect or appoint and define
| the duties OF the officers, agents ami
employees of the corporation; at any
| general or specia, meeting TO adopt
bylaws for the corporation. and to
/ amend. repeal or resejnd the same;
/ and when authorized by the affirma-
/ tive vote OF a majority Of the issued
and outstanding capital stock OF the
.