Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1913-04-03

I ing railroad, turnpike or pubic
highway; to own. acquire, construct,
operate and control irrigation bitches,
dams, fumes, drains and gateways;
ts) To buy sell, rent, lease, mort
gage, exchange, till. cultivate and
manage farms and farm lands as the
same may become incident and prop
er to the business Of the corporation;
(i0) To construct, own. operate, con-
troll and dispose of every character of
power plant, whether operated by
steam, electric, water or other power;
(l1) To acquire, hold, own, pledge
and sell the stock or shares of other
corporations; 12) To issue, acquire,
take. hold. pledge. sell and deal IN
lromissory notes, drafts, bills of ex-
charge anu oSS,,.eSations of every sort
and character, proviueu hat no OBJ
legations, 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;
i13) To enter into contracts of all
sorts to lend or borrow money and
take or give security for the payment
thereof; (l4) To do any and all things
which natural person might and
could do in the matter of the trans
acting of the business Of the corpora
ton and in the promotion and man.
agement of its interests.
III. The amount Of the capital
stock of this corporation shall be
Three Million $4,000, 00e.00l Dollars,
which shall be divided into six Hun
cred Thousand 600. O00J shares Of the
rar value of Five is5.0O) Dollars per
share; which shares shall be and
must be fully paid up at the date Of
the issuing thereof, and shall be for
ever worcestershire; but such stock
may be paid for in money, services,
property, rights, easements, privi-
lges or anything of value, and the
Judgment of the board Of directors
shall be forever conclusive, both as
to actual value of the said stock and
the consideration paid therefor, in
the absence Of fraud or any collusiye
agreement.
Nv. The time Of the commence
ment OF this corporation shall be
when these articles OF incorporation
shall be filed for record in the Office
Of the Corporation Commission of
the State of Arizona, at Phoenix, Ar.
zona, certified copy there of re-
Recorder of Cochise County. Arizona.
at Tombstone, Arizona. in which
county the principal place of business
Of the corporation is to be, and a GER
tiflicate of Incorporation delivered to
the corporation by the Corporation
Commission or 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 TWEEN
ty-fiye years, upon the taking of the
steps prescribed by law for such re-
newal or renewals.
V. The affairs Of this CORPORATION
shall be conducted by a board of five
directors, but the number constitute
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 shall be held at the principal
place of business of the corpor.
alton, at Bisbee. Cochise County. Ari-
zona, on the first Monday in Febru-
airy, and the members OF such board
Of directors shall be elected annually
/. there after at such annual meeting.
to be held or the first Monday in
February, of each year.
The officers of the corporation shall
be 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 IN.
I'll the next annual meeting.
Those who saall serve as the
board of directors until TIE FIRST an /
nual meeting shall be F1ar.ey g.
Smith, Richard d. Nicholas, Joseph /. /
COIN, John w. Neeker and John
Erickson; and the officers to hold and |
serve until that time shall be Harvey
S. Smith, President. Richard d. Mich (
olas, Nice-President. and Joseph l.
COIN. Secretary and Treasurer.
VI. The highest amount Of indebt- 4
edness OF liability, direct or contin-
gent, 70 which this corporation shall 4
at any time subject itself. shall, in no
case, be more than Two Million 4
$4,000, e00.00) Dollars.
VII The private property Of the 4
stockholders Of this corporation is 4
hereby expressly made and declared I
exempt from all liability for corporate
debts.
IN WITNESS WHEREOF. We have.
hersunto set our hands this 2Ist day
Of Decembef. a. ID. 1912.
HARVEY 8. SMITH.
RICHARD d. NICHOLAS,
JOSEPH /. COIN.
Cananea, Sonora. Mexico.
Before me, Geo. A Wiswail. a Con
ssllar AGENT of The limited States Of |