The Parker post., 1917-03-03

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holders and directors held at such
places within or outside of Arizona
as the bylaws of the company shall
provide.
ARTICLE ii.
The general nature of the bust
ness proposed to be transacted is to
make contracts; to purchase, lease,
option, locate, or otherwise acquire,
own, exchange, sell, or otherwise
dispose Of, pledge, mortgage, hypoth-
ecate and deal in mines, mining
claims, mineral lands, coal lands,
Oil lands, timber lands, clay lands,
water and water rights apd other
property, both real and personal
and to work, explore, operate and
develop the same, and ITO deal in the
products and by-prOducts thereof;
to purchase, lease or otherwise ac-
qulre, erect, own, operate and sell
milling, smelling and other ore re-
ductiOn works, oil refneries, saw
mills, clay works, power plants, rail
roads and tramWays to lead from
the cOmpany's principal works; to do
general manufacturing and mer-
camille business; to own, handle, and
control letters patent and inven-
tlOnS; to own, cancel and reissue
shares of it's own capital stock and
to own and vote shares of other cor
pOratiOns, to issue bonds, notes and
other evidences of Indebtedness and
to secure the payment of the same
by mortgage or deed of trust, or
otherwise; to act as agent, trustee
or broker, and to borrow and loan
money; and in general to do and
perform such acts and things and
transact such business, not incon-
sistent with law, in any part of the
world, as the board of directors NAV
deem to the advantage Of the corpOr-
alton.
ARTICLE III.
The amount Of the authorized cap
ital stock Of the corporation. is One
Million Dollars 1,O0O,OOO), di-
vided into one million (1,000,OOO)
shares of the par value of One Dol
lar 1.OO) each, which shall be
paid in, at such time as the board
OF directors may designate, in cash,
real or personal property, services,
lease, option to purchase, or any
other valuable right or thing, for
the uses and purposes of the corpOr-
alton, and all shares of capital stock,
when issued in exchange therefor,
shall thereupOn and thereby be-
come and be full-paid the same as
though paid for in cash at par, and
81 a
the judgment of the directors as to
the value of any property, right or
thing acquired in exchange for cap
ital stock shall be conclusive.
ARTICLE ".
The time of the commencement of
the corporation shall be the day
these articles are filed in accordance
with law, and the termination there
of shall be twenty y-five years there
after, with privilege of renewal and
right of perpetual succession as now
provided by law.
ARTICLE V.
The affairs of this corporation
shall be conducted by a board of di-
rectOrs Of such number as shall be
fixed by the bylaws, but not lesy
than three or more than seven tii-
rectors, by whom a president and
vice-president shall be elected and
secretary and treasurer appointed
The directors shall be elected by and
from among the stockholders on the
first Monday in February of each
year. Until their successors are cleo
ted and qualified, the following
no y1on oh al hn
and officers as stated: NJ. T.. Priest.
director and president; H. c.. Nat
ter, director, secretary and treasur-
er; c. c. Spicer, director.
ARTICLE Vi.
The directors shall adopt bylaws
for the government of the corpora
ton and may amend the same. They
shall have power to fill vacancies Oc-
curing in the board Of directors
from any cause, and to appoint from
among their number an executive
committee which, to the extent pro
vided by resolution or by the said
bylaws, shall have and exercise the
powers granted the directors by these
Articles,
ARTICLE VII
The highest amount of Indebted
ness or liability to which the cor
poration is at any time to SUBJECT
itself is Six Hundred Fifty Thousand
Dollars ($650,OO0)
ARTICLE VIII
The private property CT the stock
holders OF the corporation shall be
forever exempt from corporate debts
OF any kini whatsoever.
ARTICLE TX.
This corporation hereby appoints,
authorizes and empowers o. NJ.