Arizona republican., 1916-11-24

in the State of Arizona, shall be Phoenix, Maricopa County, State of Arizona. but other offices may be established and maintained within or outside of Arizona at such places as the Board of Directors may desig nate, where meetings of stockholders and directors may be held and any and all corporate business transacted
 ARTICLE II.
 The general nature of business pro- posed to be transacted by this LoT- poration is as follows to-wit:
 To carry on q general mining, mill ing, smelling and reduction business, to make contracts; to purchase, lease. option, locate, or otherwise ac- quire, own. exchange, sell CT other wise dispose of, plecge, mortgage, hypothecate and deal in mines and mining claims, both lode and placer, mineral lands, coal lands, 'oil lands, timber lands. agricultural lands. water and water rights, dam sites and any other property both real and per sonal, and to prospect for, work. eX- plOre. operate maintain and develop the same. and to deal in the prod ucts and by-products thereof: to pur- chase. plat subdividc sell and con- trol lands and townsites; to purchase. lease, or otherwise acquire, erect, own, operate and sell mining. smelt- ing and other ore reduction works, | oil refineries, power plants, water works, railroads and tramWays to lead from the companys principal works; to establish, acquire build, construct. own, operate. exchange. sell and dis pose of hotels. restaurants. stores. commissaries. houses, and any and all other buildings and structures O. whatsoever kind or nature. to do q general manufacturing, mercantile and agricultural business; 10 own, fandl sell and control letters patent and inventions. to own, cancel and re- issue shares of it's own capital stock and to purchase or otherwise acquire, and to hold, own, sell. assign, mort gage. pledge or otherwise dispose of, shares. bonds. debentures. or other evidences of indebtedness of other corporations, and while the holder thereof 10 exercise all tEe rights and privileges of ownership, including tae right to vote thereon. to issue bonds, notes and other evidences of indebt- edness, and to secure the payment Of same hy mortgage, deed of trust, Q. otherwise; to act as agent, trustee. broker, or in any other fiduciary capacity, and to borrow and to loan money; and in general to do and perform such acts and things and transact such business in connection with the foregoing objects. not in consistent with law, in any part ol the world. as the Board of Directors may deem to the advantage of the corporation.
 ARTICLE III.
 The capital stock of this corpora ton shall be THREE MILLION DOL LARS (S3,000. 000.G01 divided into THREE MILLION t3.0O0.0 .0O0) shares of the par value of ONE DOLLAR ($100) each; such capital stock may be issued. at such times. as the Board of Directors may designate, either for cash, or real or personal property. or services, or lease or o9- tion to purchase. or any other valu- able right or thing for the uses and purposes of the corporation, and all shares of capital stock so issued shall thereupon and thereby become full paid the same as though paid for in cash at par. and shall be non assess able forever. and the judgment of the directors as to the value of any property, right, or thing acquired m exchange for capital stock shall be conclusive. in the absence of actual fraud in the transaction
 ARTICLE ".
 Ihe time 0. the commencement cf this corporation shall be the date of issuance to it of a certificate oi incorporation by the ARIZONA COR PORATION COMMISSION. and il shall endure for the full term oi twenty five years thereafter, witt privilege of perpetual succession al provided by law
 ARTICLE V.
 The affairs of the corporation shal be conducted by a Board of Directors consisting of not less than three @ nor more than seven @ directors by whom a President, a -Presi dent, a Secretary and a Treasurer shall be elected from among tn stockholders, provided that the of flee of Treasurer may be held b. , the same person holding any of tn : other above named offices. The Boar of Directors may from time to tim 2 appoint such other officers an agents as to them may seem mee , and proper. The Directors shall D elected by and from among th stockholders at their annual meetin : to be held on the third Wednesda in october in each year, and sha hold office for ONE YEAR and unt 2 their successors have been elected an have qualified. Until the first an l nral meeting of the stockholders an until their successors have bee