Bisbee daily review., 1913-12-21
JAMES BENNETTs,

All.
 JAMES BENEFITS, 796 Cornish Secretary. side of the State of Arizona as the By Laws of the Company shall provide.
 ILL
 The general nature of the business poration is to purchase and acquire pGtents and patent rights and inyen- tions of every nature and description: to manufacture, make, sell and pur- chase steam engines, gasoline engines, air engines ana engines propelled by electric power; to erect factories for the purpose of constructing engines of every nature and description; to and dispose of auIomo- piles, pumps and other machines pro- power; to engage in buying. selling and dealing in real estate and personal property and to mortgage, lease and the same; to make COZ, tracts, acquire and transfer property, possessing the same power in such re- spects us private individuals now en- joy; to enter into bonds, options, leas- es and agreements for tho purchase and sale of real and personal proper ty; to own and acquire franchises of every nature and description; to own, buy, sell and deal in mortgages, notes and obligations Of every nature and to own, buy, sell and deal in bonds, stocks anc securities of every nature and description, including it's own; to borrow money, pledge and hy- pothecate it's property, or to pledge and hypothecate any part thereof; to issue its own notes of every nature and description; and to engage in and do all acts and things, which may not be inconsistent with law, in any part of the world, as the Board of Dl- 'ectors may deem proper.
 w.
 The amount of capital stock of this corporation is Two Million Five Hun dred Thousand Dollars (s2,5Og, ,OOO.OOl divided into Five Hundred Thousand (500,000l shares of the par value of Tive Dollars (S5.OO) each. The time when and the conditions upon which the said capital shall be paid in shall be as prescribed and authorized by tho Board of Directors of the said corpor- ation, provided that stock of this cor pOTation may be sold for less than par value at the discretion of the Board of Directors and may be issued in pay ment fer and of property, rights, or services. and the action of the said Board of Directors shall in the absence of actual fraud be conclusive and all shares of capital stock, when issued in exchange for privileges or services, shall thereupOn be considered full paid, the same as if cash had been given for them and shall be non-assessable forever.
 VI.
 The affairs of this corporation shall be conducted by a Board of Directors, consisting of not less than three nor more than fifteen persons, who, ex- cept the first Board of Directors, shall be elected by the stockholders at their annual meeting, which shall be held Oh the first Saturday in November of each year. The officers of this corpor- ation shall be a president, vice pres ident, a secretary and a treasurer, who shall be elected by the Board of Directors from among their number. immediately after the election of such Directors each year. The c1ices e secretary and treasurer may be held by one and the same person. No per SOB shall be eligible as Director un- less a bona fide stockhoIder.
 VII.
 Tine highest amount of indebtedness or liability to which this corporation may at any time subject itselt is the sum Of Five Hundred Thousand Dol lars is5OG,O0OOO).
 VIII
 The private property of the stock holders of this corporation shall be ex- enDt from corporate debts of every kind.
 Ihls corporation hereby appoints authorizes and empowers Lee s. GobIe of the said City of Bisbee, who has been for more than three years last past and now is a resident Of Arizona, its agent, who may accept and ac- knowledge service of all necessary process or processes in any action, suit or proceeding that may be had or brought against this company in any of the Courts of the said State of Arizona, such service of process or notice, or the acceptance thereof by the said agent endorsed thereon, to have the same force and effect, as if served upon the president and secrc- tary Of said company
 IN WITNESS WHEREOF we have hereunto set our hands this 12th day of November, 1913.
 HERT FARMER