Bisbee daily review., 1915-10-13

some existing TdnIOaut luIuplht Ut
public highway.
(b) To acquire water rights, rights
II way. easements or licenses as may
be requisite. necessary, useful. conven-
lent. incidental or auxiliary to the
general purposes Of this corporation
(c) Subject to the provisions of 4
law. to acquire by purchase or other
wise. and to SELL dispose Of, reissue I
and otherwise deal in the stock of /
this or any other corporation. real eB-
tate, mill sites and water rights, and
to erect. own and operate necessary |
smelters. mills. machinery
and appliances
Cd) To mine for gold silver, lead,
copper, tungsten and other metals and
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. smelling and
developing of ores, and the making orr
manufacture Of alloys Of metals.
(e) To conduct and otherwise car
ny on a general merchandise business.
t) To borrow money, and execute
notes, bonds, mortgages or deeds Of
trust to secure the same.
Cg) To make and enter into con
tracts pertaining to the business of
the corporation I'm 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 (S1OO,OOOOO). d.
vided into One Hundred Thousand
Shares Of the par value of One Dol.
lar (S1.0O) each, which when issued
shall be fully paid and worcestershire.
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 judg.
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 the 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 prip-
cipal office of the Corporation at
ileeson, Cochise County. Arizona. on
The first Tuesday of the month of DC.
-ober of each year. said directors. /
when elected shall hold office until |
heir successors are elected and quail /
fled, and any vacancy in the Board
shall be filled by election by the re-
members Of the Board from
among the stockholders Of the corpor-
alton, and shall serve until their sue
'essors are elected and qualified.
The Board of Directors shall have
he power TO elect and appoint and
iefine the duties of the officers.
gents and employees of the corpor'
ltion: at any general or special meet
ng TO adopt bylaws for the corpor
ltion, and to amend, repeal OF rescind
he same; and when authorized by
he affirmative vote of a majority OF
he issued and outstanding capital
stock of the Corporation, convey, sell,
,r otherwise dispose of all of the as
sets of this Corpratln; or to lease or
mortgage all Of the assets of this com
lany, 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
he stockholders in 1916, or until their
are elected and qualified,
he following named persons shall
constitute the Board of Directors Of
his Corporation, viz: Jno. f. Pen
M