Bisbee daily review., 1915-10-12

NOIIlt NAlaAAhH Aff'AN'N+f
 public highway.
 tb) To acquire water rights rights of way. easements or licenses as may be requisite, necessary, useful. conven- tent. incidental or auxiliary to the | general purposes of this corporation.
 (c) Subject to the provisions or | law. to acquire by purchase or other wise. and to sell, dispose of, reissue ! and otherwise deal in the stock of this or any other corporation, real es- tate. mill sites and water rights, and to erect. own and operate necessary buildings. smelters. mills. machinery and appliances.
 (d) To mine for gold silver, lead copper. tungsten and other metals and minerals. and to sell, reduce, refine, mill. concentrate. smelt and otherwise prepare the same for market, to make or manufacture metallic tungsten and alloys of the same, and to acquire, own. hold and control inventions, rights and letters patent. relating and incident to the mining smelting and developing of ores, and the making orl manufacture of alloys of metals
 (e) To conduct and otherwise car Try on a general merchandise business.
 CD To borrow money and execute notes, bonds, mortgages or deeds off trust to secure the same
 (g) To make and enter into con tracts pertaining to the business Of. the corporation in all parts of the United States, in foreign countries; also to apply for, and obtain. accept and utilize franchises and concessions from the governments. states and mu- inequalities in connection with the carrying out of the general purpose for which the corporation is organized.
 In general, to do any or all of the things, herein mentioned, as fully and to the same extent as natural persons might or could do, and in any part of the world, having and exercising in these respects all of the powers con ferred upon corporations of this class by the laws of the State of Arizona. it being hereby expressly provided that the foregoing enumerations of specific powers shall be construed both as objects and powers, and shall not be held to limit or restrict in any manner the powers of the corporation.
 ARTICLE III.
 The amount of capital stock of the Corporation shall be One Hundred Thousand Dollars ($1OO.OOO.OO). di- vided into One Hundred Thousand Shares of the par value of One Dol. lar (S100) each. which when issued shall be fully paid and on-assessabIe. Said capital stock shall be issued upon such terms and conditions and at such times as the Board of Direc. tors may determine or prescribe: and the same may be issued in exchange for property, contracts. services or other benefits of any kind or charac. ter accruing to the corporation. as the Board of Directors may in their iudg- ment determine.
 ARTICLE ".
 The time of the commencement of this Corporation shall be the date when a certificate of incorporation is issued to said Corporation by the Cor poration Commission of tbe State of Arizona, and the said Corporation. un. less renewed, shall terminate twenty five years thereafter; but the same may be renewed from time to time as now provided by law, so as to make the same perpetual
 ARTICLE V.
 The affairs of this Corporation shall be conducted by a Board of not less than five nor more than nine direc- tors, who shall be elected from among the stockholders, annually, at the an. nual meeting thereof The annual meeting of the stockholders of this Corporation shall be held at the prin. cipal office of the Corporation. at Gleeson. Cochise County Arizona. on the first Tuesday of the month of Oc tober of each year, said directors. when elected shall hold office until their successors are elected and uual- flied, and any vacancy in the Board shall be filled by election by the re- maining members of the Board from among the stockholders of the corpor- ation, and shall serve until their sue cessors are elected and qualified
 The Board of Directors shall have the power to elect and appoint and define the duties of the officers. agents and employees of the corpor. ation; at any general or special meet ing to adopt bylaws for the corpor. alton, and to amend repeal or rescind the same; and when authorized by the affirmative vote of a majority of the issued and outstanding capital stock of the Corporation, convey, sell, or otherwise dispose of all of the as- sets of this Corpratin; or to lease or mortgage all of the assets of this com pany, and to sell, convey or otherwise dispose of any part less than the whole of the corporate assets of this corporation without such authority.
 Until the first annual meeting of the stockholders in 1916, or until their successors are elected and qualified the following named persons shall constitute the Board of Directors of this Corporation, viz. Jno. E Pen.