Arizona republican., 1916-12-02

or without the State of Arizona as the Board of Directors may, from time to time, by resolution, designate, and that such places of meetings of the Board of Directors may be held.
 II.
 The general nature of the business proposed to be transacted by this cor poration, is as follows: to-wit, to ac- quire, own, develop operate. sell, lease, mortgage, hypothecate. convey, ana deal in mines, mining claims, loca- tions, minerals, mineral lands, mill sites, real estate both mineral and non- mineral, mining property both real and personal, stamp mills, con- cen1ratmg ana smelting plants and works, water and water rights for power, domestic, mining and other purposes, and easements, and rights of Way for uitches, fumes, pipe lines, reservoirs, dams, tramways, roads, franchises and railroads, electric tele- graph and telephone lines and roads: also to buy and sell ores, bullion and mineral substances, machinery, tools, improvements. all kinds of personal property ;also to engage in general merchandising and commercial busi- ness; to own. lease, and operate hotels and restaurants; to draw, make, ac- cept, discount, execute and issue promisory notes. bills of exchange, and other negotiable and transferable instruments; to purchase, hold. sell, issue and reissue the shares of capi- tai stock of this corporation; and to purchase, hold vote, and transfer the capital stock of other corporations.
 H.
 That the amount of capital stock, of this corporation, shall be Three Million (s3,000. .000.00) Dollars. divided into three million shares of the par value of One (s1.00) Dollar per share And said stock shall be issued full paid and non -assessable at such time or times as the Board of Direc- tors may designate in exchange for cash, property, services or other valu- able rights or things and the judg- ment of the said Board of Directors shall be conclusive.
 ".
 The commencement of the corpora tion shall be the date of the issue of the certificate Of incorporation, by the Arizona Corporation Commission and the corporation shall endure for the full term of twenty-five years there- after with privilege of perpetual suc- cession as provided by the Statutes.
 V.
 The affairs of this corporation shall be conducted by a Board of five Di- rectors Samuel Thorpe. William II. Stilwell, James J. Cox and two others to be elected by the above named three directors. shall constitute the Board of Directors until the second Tuesday in December. 1917. and until their successors are elected and qua lfy.
 The highest amount of indebtedness or liability. direct or contingent. to which this corporation shall at any time subject itself. is One Million Gl,O0O,000.0O) Dollars.
 VII
 The first annual meeting of the stockholders of this corporation shall be held at it's offices in Phoenix. Ari- zona, on the second Tuesday Of De- cember. 1917. at the hour of ten o'clock A. NJ. and the regular annual meeting of the stockholders shall be held thereafter at said place on the second Tuesday of December of each year. At stockholders meetings votes may be cast in person or by proxy The Board of Directors shall be or ganized by electing as officers of this corporation a President. Vice Presi- dent, Secretary. Treasurer and Gen. eral Manager. all of whom excepting the Secretary and General Manager shall be members of said board. A Board of Directors may adopt bylaws as they deem necessary. prescribing the duties of said officers and rules for the government of this corporation and for the holding of regular and special meetings Of the stockholders and Board of Directors, and the Board of Directors is hereby authorized to i'll any vacancy which may occur in said Board for the unexpired term of such vacancy.
 VIII
 The private property of the stock holders of this corporation shall te exempt from all corporate debts of every kind whatsoever
 IN WITNESS WHEREOF. We have hercunto set our hands and seals this 2sth day of Nov. 1916.
 SAMUEL THORPE.
 WILLIAM H. STILWELL, JAMES J. COX.
 State of Arizona, County of Mari copa, ss.
 On this the 2sth day of Nov A. D 1916. before me. J. B. Woodward a Notary Public in and for the County { of Maricopa. State of Arizona. person ally appeared Samuel Thorpe. William H Stilwell and James J. Cox, known to me to be the persons whose names are subscribed to the foregoing instru- ment, and acknowledged to me that they executed the same for the pur- poses and consideration therein ex- pressed.
 Given under my hand and seal oi office this 2sth day of November 1916.
 Notarial Seal. J. B. WOODWARD Notary Public.
 Ny commission expires Feb. 1s.h 1920.