Bisbee daily review., 1916-05-21


 ARTICLE II.
 The general nature Of the business proposed to be transacted and con ducted by the Corporation is that of drilling, prospecting for and locating oil, gas. and minerals whatsoever kind or nature: the refining: reduc- ton and smelting thereof; the pur- chase. leasing. sale and general deal ing in real estate and other perequi- sites necessary for the promotion and transaction of the business of said corporation: together with all the necessary machinery. plants and equipment for refining. milling. smelt- ing and reduction. with all the neces- sar supplies and accessories; and generally to deal in all kinds of per sonal property, chattels or personal estate. necessary or convenient in tho premises: and also to deal in and disDose Sf any or all of the above named property or pronerty rights: and to acquire, erect. build. construct own. operate and control all neces- sary and needful equinment and ac- cessories in carrying on. promotinq and maintaining such business. wheth- CT specifically set out herein or not: and to own. build. onerate and con trol all necessary railways or rail roads, pipe lines, pumping stations, tanks, tram wa S, roads. water rights. water courses, bridges, derricks and other necessary equipments of what ever nature. or any interest in any or all thereof; to take. hold, own. dis pose of and deal generally in any or all of the foregoing mentioned proper ties; to deal in the stock and capital stock of this and any other corpora tion, or any of the bonds, obligations or securities of any such company or corporation; and in general to do all acts any things, and to make all con tracts, and to acquire and deal in any and all and every species of prop erty which may be deemed necessary for the better promotion. carrying on and maintenance of this corporation. and which acts. in the purchase, ac- quisitian, construction. sale, transfer, operation, promotion Or maintenance. when approved by the BOARD OF DIRECTORS of this corporation, shall be binding and of full effect as the act and deed of the said corporation.
 ARTICLE III. f
 The capital stock of this corpora tion shall be FIVE HUNDRED THOU SAND (s5O0, ,0O0OO) DOLLARS, when paid, shall be non-assessable, divided into five hundred thousand shares, of the par value of one (s1.O0D dollar per share, and the same shall be paid for in cash. property, service, had and received on the part of the corporation, or any other thing of value, when duly received, accepted and appropriated by the corporation and sanctioned by it's BOARD OF DIRECTORS.
 ARTICLE ".
 The time of the commencement of this corporation shall be as soon as the proper certificate has been issued by the ARIZONA CORPORATION COMMISSION. and it's termination shall be twenty five years thereafter.
 ARTICLE V.
 The affairs of the corporation shall be conducted by the BOARD OF DIRECTORS, which shall consist of seven members, but which may be in- creased or diminished, at any time, by proper action of the stockholders. and which said BOARD OF DIREC- TORS shall select from their own number, a PRESIDENT. VICE-PRESI- DENT, SECRETARY and a TREA- SURER, and the last named two Of fees may be combined in one person. Said offices, if so combined in one person. may be held by person not a DIRECTOR.
 Annual meetings of the stockhold- CTS shall be held on the third Monday of June of each year, but the first regular meeting may be called at any time, by the PRESIDENT. upon due and proper notice, as by law required.
 Until the said first annual meeting of the DIRECTORS the following named persons shall act as DIREC TORS, and shall comprise the board thereof. until their successors have been elected and have duly quail fied:-
 J. w. Hogan. Harry Jennings, Emil Marks. L. R. Bailey. Frank Huckleby, NCO IT, NldlS D.
 The PRESIDENT of said corpora tion shall be EMIL MARKS. the VICE-PRESIDENT shall be FRANK HUCKLEBY. and the SECRETARY and TREASURER shall be H. B. HUNTER. which said officers shall serve as such until their successors have been elected and have duly qualified.
 The resident agent of said corpora tion shall be H. F. HUNTER. and he is hereby designated as such. with full power to accept service of process and upon whim service of process may be had in any action wherein the corporation may be a party.
 ARTICLE VI
 The higest amount of indebtedness or liability. direct or contingent. to which this corporation may. at any time. subject itself. shall not exceed two thirds of it's canital stock.
 ARTICLE VII.