Bisbee daily review., 1913-12-18

poration is to purchase and acquire patents and patent rights and inven- tions of every nature and description: % 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 l of every nature and description; to manufacture and dispose of auLomo- piles, pumps and other machines pro pelled by gasoline, steam, air or other ! power; to engage in buying. selling and dealing in real estate and personal property and to mortgage, lease and ! hypothecate the same; to make COZ ! tracts, acquire and transfer property, possessing the same power in such re- ! spects as private individuals now en- joy; to enter into bonds, options, leas- l es and agreements for the 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 description; to own, buy, sell and deal in bonds, stocks and securities of every nature and description, including its own; to borrow money, pledge and hv- pothecate its property, or to pledge and hypothecate any part thereof; b 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 1 part of the world, as the Board of Di. rectors may deem proper,
 w. The amount Of capital stock of this corporation is Two Million Five Hun | dred Thousand Dollars C$2.5OO. .OOO. .OOD divided into Five Hundred Thousand 1 t500.0OO) shares of the par value of 1 Five Dollars ($5.O0) each. The time when and the conditions upon which the said capital shall be paid in shall be as prescribed and authorized by the Board of Directors Of the said corpor- ation, provided that stock of this cor poration may be sold for less than par value at the discretion of the Board of Directors and may be issued in pay ment for 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-assessabIe forever.
 The time of the commencement of this corporation shall be the day these Articles are filed and approved in &C., eordance with law and the termina. ton thereof shall Dc twenty-five years thereafter. with the privilege of renewal and the right of perpetual succession as new provided by law.
 VI.
 The affairs of this corporation shall be conducted by 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 or the first Saturday in November of each year. The officers of this corpor- ation shall be president, a 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 offices of {.