Arizona republican., 1913-05-19

pose of all realestate and personal property of every kind. including stock, shares, bonds and debentures of other corporations. and to exer- else in respect Of such any and all rights, powers and privileges of in dividual owners thereof, including the right to vote, sell. hypothecate and dispose of any of such stocks, shares, bonds and debentures held by it. to the same extent that q natural per son might or could do (g) To borrow money and execute notes, bonds. mortgage or deeds of trust to secure the same. h) To associate with any other person or corporation for the pur- pose of furthering the interest. or for the profit in any way of this cor poration.
 il To acquire or purchase the good will of the business and rights and property of every kind. and the whole or any part thereof Of the as sets. property. shares. stock. bonds or debenture of any person. firm. association or corporation, and to 1 pay for the same in cash. shares Of stock of this corporation, bonds or otherwise
 O To apply for, obtain, register, ! purchase, lease or otherwise acquire. and to hold, own, use. operate. intro ] duce. sell, assign. or otherwise dispose ! ef all copyrights and rights analo- | gous thereto, and all inventions, i'm provements and processes used in 1 connection with or secured under let 1 ters patent of the United States, or 1 any other government. or otherwise; 1 and with a view ito the working, de- 1 veloping or selling of the same, or l to use. work or develop the same in 1 connection with the business of min ing or milling, working or reducing 1 Of ores.
 i O) To loan and advance money to i persons or corporations upon such ! terms. conditions, securities and in- | terest as the board of directors may determine
 D To do all and everything ne cessary, suitable or proper for the accomplishment of any of the pur- 1 poses or attainment of any of the objects hereinbefore enumerated. ARTICLE V. 1 The capital stock of this corpora : ton shall be one Million Dollars ($1. 900, ,O0O) divided into one million l shares Of the par value of one Dol lar ($1.OO) each. and said capital stock shall be issued. fully paid. and i non aSsessable at such time or times as the board of directors may desig i nate, in exchange for cash. property. 1 services, or other valuable right or interest and the judgment of the board of directors or managing of ficers as to the value thereof shall be conclusive.
 ARTICLE VI.
 The time of the commencement of , this corporation shall be the date of the filing of these articles of in- corporation in the office of the coun- 1 ty recorder of MarCOpa county, Ari- 1 zona. and the termination thereof shall be twenty five years there 1 after
 ARTICLE VII The private property of the mem ! bers. officers and stockholders of this corporation shall be exempt from any corporate debts or liabilities whatever.
 ARTICLE VIII The affairs of this corporation shall be conducted by q board of five di rectors for the present and the num- Der of members of such board of di- rectors shall be determined by the stockholders hereafter, ana the jOI- lowing named persons shall consti- tute the board of directors until their successors are elected and shall quail ifv, to-wit: w F. Olmstead, F. H. 1 Ottmer, C. W. Taylor, J. F. Coonan, and Phillip Bruce The board of di rectors shall be elected from among the stockholders on the first Tues day in August, 1913, and annually thereafter.
 Until their successors shall have been duly elected and qualified the officers of this corporation shall be:
 w. F. Olmstead, president;
 F. H. Ottmer. vice president;
 C. w Taylor, secretary;
 J. F. Coonan, treasurer.
 Vacancies in the board of directors may be filled by a majority of the remaining directors of the corpora ton.
 ARTICLE TX.
 The regular annual meeting of the stockholders shall be held at such ] office of the company as the board of directors may direct on the first Tuesday in August of each year. at which meeting among other busi- ness transacted. the board of direc- tors shall be elected from among the stockholders.
 ARTICLE x.
 The highest amount of indebted ness or liability or contingent, to which this corporation is at any time subject itself shall not exceed one tenth of the amount of the capital stock.