Bisbee daily review., 1913-04-01


 (9) To buy sell. rent, lease, mort gage. exchange till. cultivate and manage farms and farm lands as the same may become incident and prop CT to the business of the corporation; (10) To construct, own, operate. con trol and dispose of every character of power plant, whether operated by steam, electric, water or other power; GID To acquire. hold. own, pledge and sell the stock or shares of other corporations; Q2) To issue, acquire, take, hold, pledge, sell ana deal in iromissory notes, drafts, bills of ex- charge anu SSS,,igetions of every sort and character, provided hat no ob- of any character shall be is- sued by this corporation In excess of the liability of the company as here in set forth and as provided by law, (I3) To enter into contracts of all sorts to lend or borrow money and take or give security for the payment thereof; (14) To do any and all things which a natural person might and could do in the matter of the trans acting of the business of the corpora tion and in the promotion and man. agement of its interests.
 III. The amount of the capital stock or this corporation shall he Three Million (s3,00O, COG. .OOl Dollars which shall be divided into six Hun dred Thousand (600, ,00O) shares of the par value of Five ts5.0O) Dollars per share; which shares shall be and must be fully paid ap at the date of the issuing thereof, and shall be for. ever non-assessable; but such stock may be paid for in money, services, property, rights, easements, privi- lises or anything of value, and the Judgment of the board of directors shall be forever conclusive, both as 10 actual value of the said stock and the consideration paid therefor, in the absence of fraud or any eoliusive agreement.
 1V. The time of the commence ment of this corporation shall De when these articles of incorporation shall be filed for record in the office of the Corporation Commission of the State of Arizona, at Phoenix. Arl- zona, a certified copy there of re- corded in the office of the County Recorder of Cochise County. Arizona, at Tombstone, Arizona, in which county the principal place of business of the corporation is to be, and a cer. tificate of incorporation delivered to the corporation by the Corporation Commission of the State of Arizona.
 The corporation shall terminate twenty-five years from the said date, but it may be renewed from time to time, for periods not exceeding twen, ty-five years, upon the taking of the steps prescribed by law for such re- uewal or renewals.
 V. The affairs of this corporation shall be conducted by board of five directors, but the number eonstitut ing the board of directors may be in creased or diminished by the vote of the stockholders at any annual meet ing or at any special meeting called for that purpose.
 The first board of directors shall be elected at the first annual meeting of the stockholders of the corporation. which shhli be held at the principal place of business af the corpor- ation, at Bisbee. Cochise County, Ari- zOna, on the first Monday iu Febru- ary, and the members of such board of directors shall be elected annually there after at such annual meeting. to be held on the first Monday in February, of each year.
 The officers of the corporation shall be a President, Vice-President, Secre- tary and Treasurer, and the latter two offices may be held by the same person.
 All vacancies in office may be filled by the board of directors and those elected thereto shall hold office un til the next annual meeting. Those who shall serve as the beard of directors until ui.e first an nual meeting shall be EIar.ey s. Smith. Richard D. Nicholas, Joseph I. Cohn, John W. Meeker and John Erickson; and the officers to hold and serve until that time shall be Harvey $. Smith, President. Richard D. Mich o,2z. .:ce-President. and Joseph Cohn. Secretary and Treasurer. VI. The highest amount of indebt. edness or liability, direct or contin. gent, to which this corporation shall at any time subject itself. shall, in no case. be more than Two Million 2,0o0,o00.00) Dollars.
 VII The private property of the stockholders of this corporation is hereby expressly made and declared exempt from all liability for corporate debts.
 IN WITNESS WHEREOF, We have hereunto set our hands this 2Ist day Of December, A b. 1912.
 HARVEY s. SMITH.
 < RICHARD ID. NICHOLAS, JOSEPH I. COIN.
 Cananea. Sonora. Mexico
 Before me, Geo. A. Wiswsil, a Con sular Agent of the United States oi America. on this day personally ap peared Harvey s. Smith. Richard D
 Nicholas and Joseph l. Conn. person ally kncvn to me to be the persons