Bisbee daily review., 1916-11-22

duction plants. and smelters owned and operated by this corporation: and to manufacture gas and electricity, and to use and sell the same; Co To transact a general mining. milling. reducing, and smelling busi- ness: to build, construct. maintain, and operate smelters. mills. and re duction plants for the purpose of smelling, milling. and reducing ores and minerals in the prosecution of its said business. including the building of water-works. canals. reservoirs. pipe lines. roads, and tramways;
 (d) To sell, lease, mortgage. and hypothecate real and personal proper ty of every kind; and. generally, to deal in real estate and personal prep erty of every nature and description;
 (e) To acquire, purchase. sell. transfer. assign. and hypothecate the stocks. bonds. and securities of cor porations and. especially. the stocks, bonds. and securities of this corpora tion; and to lend and to borrow money;
 | C) To issue its own notes, bonds, and obligations of every kind and de- scription;
 (g) To transact a general mining. manufacturing and mercantile busi- ness; and to engage in every kind of business not prohibited by Law the same in all respects as a natural per son might Or could do.
 ! ARTICLE ".
 The amount of the authorized cap ital stock of this corporation is One Million Dollars (s1.OOo Oo). divided into one million Q.000. .000) shares of the par value of One Dollar ($1.OO) each; and the time when and the con- ditions upon which the said capital stock is to be paid for shall be as prescribed by the board of directors of this corporation; provided that stock of this corporation may be issued in payment for property. proper ty rights and privileges. or services. and the judgment of the directors as to the value thereof. in the absence of fraud. shall be conclusive: and pro vided further that the directors may authorize the sale of the capital stock for less than par when in their opinion the interest of the corporation de- mands such action.
 1 ARTICLE V.
 The time of the commencement of these articles of incorporation are filed for record in the office of the Corporation Commission of Arizona. and a certified copy thereof recorded in the office of the County Recorder of said Cochise County. and a Certi- icate of Incorporation delivered to it by the Corporation Commission: and it shall continue for period of twenty five (25) years thereafter
 ARTICLE VI
 The affairs of this corporation shall be conducted by board of not less than three (3) and not more than seven CD directors. who shall be elected by the stockholders at their annual meeting which shall be held on the second Wednesday In January of each year
 The directors of this corporatiou. until the first annual meeting of the stockholders and until their success sors are elected and have qualified. shall be and are. J. c. Collins. R. A. Bretherton. and John FitzPatrick
 The officers of this corporation shall he. a President. Vice President. a Secretary. and a Treasurer. who shall he elected by the board of directors from among themselves immediately after the election of such directors each year. The offices of Secretary and Treasurer may be held by one and the same person.
 The directors and officers of this corporation shall hold office for one year newt ensuing their election and until their successors are elected and i have qualified.
 The officers of this corporation. until the first annual meeting of the stock holders and until their successors are elected and have qualified. shall be and are as follows: !. c. Collins. President: R. A. Bretherton. Vice fTeslupnt- JOnu rltZfdtrlCk, SeCre- tary and Treasurer.
 ARTICLE VII. The highest amount of indebtedness or liability to which this cornorattbn is at any time to subject itseif to Is the snm of Siv Hundred Thousand Dollars (seO0 nno n0).
 ARTICLE VIII. ] The private propertv of the stock holders and officers of this corpora ton shall he exempt from the cor porate dehts and liabilities of this cornoration.
 INV WITNESS WHEREOF. we have hereunto set our bands and seals this sth day of NovAr. hsr A. D. 1916. J.C. COLLINS R. A. ARBITRATION JOHN F. FITZPATRICK Incorporators
 State of Arizona.