The Parker post., 1916-11-18
! shares of the capital stock of this or

I elty purchased d or acquired In CdSn,
stock Of the corporation, bonds or
otherwise; to carry on the business
c. mining, milling, smelling, cOncen-
tratng, converting, treating, preLar-
Ing for the market, manufacturing,
buying, selling, eXcEans irg or other
wise producing and dealing in gold,
Sik er, copper ana 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 acQulr"
by purchase, exchange, location, ap-
preparation, CIR in any other manner
whatsoever, or in any manner what
soever to receive, own, hold,
use, operate. lease, mortgage, sci! or
otherwise dispose of mines and min
ing property, ores, minerals, water,
Water-rightS, reservoirs, canals, fumes.
bitches, mills, saWmills, smelters,
stores. hotels, boarding houses, case
ments, or any kind OF property; TO
construct, lease or otherwise acquire
and to own, hold and operate, roads,
'tramWays, railways, or other lines
nGcessary or convenient to the car
| )
by the corporation; to acquire, own,
hold, sell, lease or otherwise dispose
Of ally and all kinds of inventions,
rights, licenses, patent rights and let
ters patent; to borrow or loan none y
and to issue its bonds payable Ia
cash or convertible into stock of this
corporation, debentures, mortgages
promissory notes and other evldenc-
nG nf m M fGs
pledge, sell or otherwise dispose Of
erty owned or acquired by it for the
security or payment of amy debt, in
debteduess or obligation incurred Or
undertaken; to use its stock, deben~
lures or bonds in payment for any
property or commodity which it may
purchase or acquire; to make con-
,racts 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, agen.k
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
munlles conferred upon corporations
| OF this class by the laws of the state
OF Arizona, and to carry on any bust-
ness in connection thereWith within
or without the state of Arizona. not
inconsistent with law.
ARTICLE III.
The amount Of the capital stock Of
This corporation shall, be One Million
>1,OO0,0O0) Dollars, divided into One
| Million Q,O0O,000) shares of stock of
| no oe On no1
which shall be paid in at such times
and under such conditions as shall be
! 1eemed by the Board of Directors to
0e best, in cash, notes, real or per-
sonal property, services, options to
purchase, or any other valuable thing
lOr- 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 othec
or either Of the foregoing, shall there
| alter and thereupOn and thereby be-
come and be ful-paid as though paid
4or In cash at par, and shall be non
| assessable forever. and the Judgment
| OF the Board Of Directors as to the
aIue OF theproperty, right or thing
acquired In exchange for capital GtoCk
| u this corporation shall be conclu
sive.
ARTICLE ".
The time Of the commencement Of
| re corporate existence Of this cor
| Grafton shall be from the time these
4.tlcles are filed in accordance with
avn and the termination thereof
shall be twenty-five (25) years there
Liter, with the privilege Of perpetual
| succession, as provided by law
ARTICLE "
The highest amount of indebted
| less or liability to which the cOrpor-
alton may at ANY time subject Itself,
Or contract, is the sum of $660,000.
ARTICLE vi.
The affairs Of the corporation shall
De conducted by and the management
ot the business and property of the
corporation shall be vested in a
5oard Of Directors and such officers
|, as such directors may elect or ap-
point. The number of directors shall
oe tive (5), unless otherwise provid-
ed for in the bylaws, and said di-
iectors shall be elected from the
stockholders. at their regular meet
ing to be held on the first Tuesday
n 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-
rectors shall be as follows: E. S.
Osborne of Parker, Yuma county, Ar
iona, President and Director; e. E.
Osborne of Parker, Yuma county,
Arizona, Treasurer and Director; B.
NJ. FuQua of Parker, Yuma county,
Arizona, Vice Presid dent and Director;
j. 3. Flanagan of Parker, Yuma
county, Arizona, Secretary and Di-
rector, and ]. Granville Fuqua of Par
ker, Yuma county. Arizona, Director.
ARTICLE VII.
The Board Of Directors shall have
power to adopt, amend, rescind and
alter bylaws, to fill vacancies occur
ring in the Board for any cause or
reason, and to appoint from their
own number committees and an ex-