Bisbee daily review., 1916-11-23

and operated by this corporation; and to manufacture gas and electricity. and to use and sell the same;
 (c) To transact a general mining. milling. reducing. and smelting busi- ness; to build, construct. maintain. and operate smelters. mills. and re duction plants for the purpose a smelting. milling. and reducing orvs and minerals in the prosecution of fts said business. including the building of water-works, canals. reservoirs. pipe lines, roads. and tramways:
 (d) To sell, lease. mortgage. a4A hypothecate real and personal propsp ty of every kind: and. generally, . deal in real estate and personal pr0P erty of every neture and desc-iptina: (e) To acquire, purchase. sAn. 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:
 (f) 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.O00.000OO). divided into one million Q.O00.O00) shares of the par value of One Dollar (s1.00) 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- rmands such action.
 ARTICLE V.
 The time of the commencement of this corporation shall be as soon as these articles of incorporation are cr1l e. sz hn oH 1n Corporation Commission of Arizona. and certified copy thereof recorded in the office of the County Recorder of said Cochise County. and a Certi- ficate of Tncorporation delivered to it hv the Corporation Commission: and it shall continue for period of twenty five (25) years thereafter.
 ARTICLE VI.
 The affairs of this corporation shall hA conducted bv board of not less than three f2) and not more than seven (7) directors. who shall be elected bv the stockholders at their annual meeting which shall be held on the second Wednesday in January of each wear.
 The directors of this corporation. until the first annual meeting of the stockholders and until their succes- sors are elected and have qualified. shall he and are. J. c. Collins. R. A. Rrathertnn. and H,hn Fitzpatrick. The officers of this corporation shall he. a President. Vice President. a Secretary. and Treasurer. who shall he elected bv 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 next ensuing their election and until their successors are elected and 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. shah be and are as follows: J. c. Collins. President: R. A. Bretherton. Vice President: John FitzPatrick. Secre- tary and Treasurer
 ARTICLE VII.
 The highest amount of indebtedness or liability to which this corporatnon is at any time to subject itsels to is the sum of Six Hundred Thousand Dollars (s6o0 OO0 OO).
 ARTICLE VIII.
 The private property of the stock holders and officers of this corpora ton shall be exempt from the cor porate debts and liabilities of this corporation.
 IN WITNESS WHEREOF. we have hereunto set our hands and seals this 9th day of Noveuhef. A. D. 1916.
 ]. c. COLLINS
 R. A. BRETHERTON
 JOHN F. FITZPATRICK
 Incorporatbrs State of Arizona,
 ss.
 Noupty 0f COrhiea \