Bisbee daily review., 1913-03-26

trol and dispose of every character of ! power plant, whether opereted by steam. electric, water or other pow CT, l 0f) To acquire, hold, own, pledge | and sell the stock or shares of other | corporations; (tz) To issue, acquire, l take. hold. pledge, sell and deal in ,,romissory notes, drafts, Hills of ex- change and obligations of every sort and character, provided that no ob- ligatlons, of character. shall be is- sued by this corporation tn excess of the liability of the company as here
 in set forth and as provided by law; I3D 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 fthe business of the corpora ! ticn and in the promotion and man | agement fits interests.
 ] III. The amount of the capital i stock of this corporation shall be Three Million (ss,600, ,000.00l Dollars, l which shall be divided into six Hun ' lred Thousand (600 000) shares of the l par value of Five tS5.00) Dollars per 1 share: which shares shall be and
 must be fully paid up at the date Of the issuing thereof. and snail be for. ! ever non-assessable; but such stock may be paid for in money, services, | proDerty. rights, easements, privi- liges or anything of value, and the | Judgment fthe board of directors 1 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 collusive agreement.
 Il nv. The time of the commence
 ment fthi Jcorpcration 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, Ari. zona. certified copy there of re- l-curded in the office of the County
 Recorder of Coehise 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 tc time. for periods not exceeding twen ty-fiye years, upon the taking of the steps prescribed by law for such re = Eewal or renewals.
 V. The affairs fthis corporation shall be conducted by a board of five directors, but the number eonstitut
 ing the board of directors may be in [ creased CT diminished by the vote oi the stockholders at any annual meet a ing of the stockholders of the corpor
 ati0n at Bisbee, Ccchise County, Ari 4ona, on the first Monday in Febru
 1ry. and the members of such board :. of directors shali be elected annually there after ct such annual meeting [ 10 be held on the first Monday in 1, February, of each year.
 The officers of the corporation shall . be . President Vice-President, Seere ; tary and Treasurer, and the latter
 two offices may be held by the same
 person.
 All vacancies in office may be filled
 ty the board of directors and those elected thereto shall hold office un
 til the next annual meeting.
 Those who shall serve as ths E beard of directors until the first an
 nual meeting shall be Harvey $
 Smith, Richard b. Nicholas, Joseph ' Cohn, John " Meeker and Johr Erickson; and the officers to hold and ' serve until that time shall be Harvey
 S- Smith, President; Ricard D. Mich olas, ce-President, and Joseph I
 Cohn, Secretary and Treasurer.
 VI. The highest amount of iudebt + edness or liability, direct or ooRtin 1 gent to which this corporation shall 2 al any time subject itself. shall. in rC s case, be more than Two Miller - SZ,000,G000O) Dollars.
 VII The private property of tEe -l stockholders of this corporation is [ hereby expressly made and declared : exempt from all liability for corpora ( 8 debts
 sI IN WITNESS WHEREOF, We have . hereGnto set opr hands this 21st day - of December. A. D. 1912
 l, HARRY s. SMITH,
 af RICHARn n NTTII0T AS