The Parker post., 1916-10-14
incunlber

any and all classes CT property; tC
Guy or otherwise acquire, own, hold,
sell and in any way deal in or with
shares Of the capital stock OF this or
other corporations; to pay for prop
erty purchased or acquired in cash,
stock Of the corporation, bonds OF
otherwise; to carry on the business
Of mining, milling, smelling, concen
trating, converting, treating, preIar
ing for the market, manufacturing
buying, selling, exchanging or other
wise producing and dealing in gold,
silver, copper and any and all kinds
of ores, minerals and metals, and the
products and by-products thereof of
every kind and description, and what
sOever process the same can or may
be produced, and, generally, without
limitation as to amount; to acquire
by purchase, exchange, location, ap-
preparation, Cr in any either manner
whatsoever, or in any manner what
soever to receive, own, hold,
use, operate, lease, mortgage, sell or
otherwise dispose Of mines and min
ing property, ores, minerals, water,
Water-rlghts, reservoirs, canals, ,flumes,
bitches, mills, saWmills, smelters,
stores, hotels, boarding houses, ease
ments, or any kind OF property; to
construct, lease or otherwise acquire
and to own, hold and operate, reads,
tramways, railways, or other lines
necessary Or convenient to the car
rying Oh of any business undertaken
by the corpOration; to acquire, own,
held, sell, lease CT otherwise dispose
OF any and all kinds of inventions,
rights, licenses, patent rights and let
ters patent; to borrow or lean money
and to issue it's bonds payable in
cash or convertible into stock of this
corporation, debentures, mortgages,
prOmissory notes and other evidenc-
es Of indebtedness therefor, and 10
pledge, sell or otherwise dispose of
the whole or any part of the prop
erty owned or acquired by it for the
security or payment of any debt in
debtedness or obligation incurred or
undertaken; to use it's stock, deben-
lures or bonds in payment for any
property or commodity which it may
purchase or acquire; to make con-
tracts and to do as fully and to the
same extent as natural persons might
Cr could do in any of the things here
in set forth, either as principal, agent
Or contractor, trustee or otherwise,
and, in general, to have and exercise
with respect to all things whether
herein specifically mentioned or not,
all rights, powers privileges and i'm
munltes conferred upon corporations
CT this class by the laws OF the state
CT Arizona, and to carry On any busi
ness in connection Herewith within
or without the state of Arizona, not
inconsistent with law.
ARTICLE H.
The amount OF the capital stock of
this corporation shall be. One Million
Il ,000,00 Dollars, divided into One
Million Il 1000, 00O) shares of stock of
the par value of One Dollar each,
which shall be paid in at such times
and under such conditions as shall be
deemed by the Board of Directors to
be best, in cash, notes, real or per-
sonal property, services, options to
purchase, or any other valuable thing
for the use and purpose of the cor
poration, and all shares of capital
stock Of the corporation. when issued
in exchange therefor, or for any other
or either Of the foregoing, shall there
alter and thereupon and thereby be
come and be fun-paid as though paid
for in cash at par, and shall he nom
assessable forever, and the judgment
Of the Board of Directors as to the
value of theproperty, right or thing
acquired in exchange for capital STOCK
Of this corporation shall be cOnclu
sive.
ARTICLE ".
The time Of the commencement of
the corporate existence Of this cor
poration shall be from the time these
articles are filed in accordance with
| law, and the termination thereof
shall be twenty-five (25) years there
after, with the privilege of perpetual
succession, as provided by law
ARTICLE "
The highest amount of indebted
ness or liability to which the corpor-
alton may at any time subject itself,
or contract, MS the sum of $500, 900
ARTTCLE VI.
| The affairs of the corporation shall
| be conducted by and the management
OF the business and property of the
corporation shall be vested i'm a
Board of Directors and such officers
as such directors may elect or ap-
point. The number of directors shall
be five (3), unless otherwise provid-
ed for in the bylaws, and said di-
doctors shall be elected from the
stockholders at their regular meet
ing to be held On the first Tuesday
in the month of October of each
and every year. Until the first an
nual meeting of the stockholders and
until their successors are duly elect
ed and qualified, the officers and di-
rectcrs shall be as follows: e. S.
Osborne of Parker, Yuma county, Ar
izona, President and Director; e. e.
| Osborne OF Parker, Yuma county,,
Arizona, Treasurer and Director; B.
M. Fuqua of Parker, Yuma county,
Arizona, Vice President and Director;
J. B. Flanagan of Parker. Yuma
county, Arizona, Secretary and Di-
rector, and J. Granville Fmqua of Par
ker, Yuma county, Arizona, Director
ARTICLE VII.
The Board of Directors shall have
power to adopt, amend, rescind and