Bisbee daily review., 1917-03-27

securities or evidences of indebted ness issued or created by any other corporation or corporations of this state or any other state, country, na ton or government, and while owner of said stock may exercise all the rights, powers and privileges of own ership, including the right to vote thereon. to the same extent as natur- al persons might or could do.
 To enter into, make and perform contracts of every kind with any per son. firm, association or corporation, municipality, body polite, county, territory, state. government. or colo ny or dependency thereof, and with out limit as to amount to draw, make, accept, endorse, discount. execute and issue promissOry notes, drafts, bills of exchange. warrants, bonds, debent- ures and other negotiable or transfer able instruments ard evidences of in debtedness whether secured by mOrty gage or otherwise, so far as may be permitted by the laws of the State of Arizona.
 To purchase. hold, cancel and reis- sue the shares of it's capital stock
 To do any or all of the things here in set forth. to the same extent as natural persons might or could do, and in any part of the world, as prin cipals. agents, contractors, trustees, or otherwise, and either alone or in company with others.
 IN GENERAL to carry on any oth- CT business in connection herewith, whether manufacturing or otherwise. not contrary to the laws of the State of Arizona, and with all the powers conferred upon corporations by the laws of the State of Arizona. Article ".
 The i-.Chorized amount of capi,al stock of this corporation shall De Five Hundred Thousand ($5OO.OO0.OO) Dollars, divided into Five Hu Idred Thousand (5G0,O00) shares of the par value of One (S10O) Dollar each. At such times as the board of Directors may by resolution direct, said capital stock shall be paid into this corpora tion either in cash or by the sale and transfer to it of real or personal prop erty, contracts, services, or any other valuable right or thing for the use and purposes of said corporation, in payment for which, shares of the cap ital stock of slid corporation may be issued and the capital stock so issued shall t ereupOn and theTeOy become rI be fully paid up and non-dssessa- ole forever and the judgem, mt oi the directors as to the value of the prop rty purchased shall be conclusive. Article V.
 The time of the commencement of this corporation shall be the date of the filing of these Articles of lncor- poration, as provided by law and the receipts of certificate of incorpora ion, and the termination thereof shall be twenty-five (25) years thereafter, ,sitn t"e pIi. iIeSe 0f renewa! as pro .ided by law.
 Article VI.
 The. affairs of this corporation shall De conducted by Board of Directors, and such officers as the directors may elect or appoint, and the following named shall constitute the Board of Directors, until their successors are elected and have qualified: Name Place of Residence JoLn Mason Ross, Warren, Ariz. Arthur Notman, Warren, Ariz. Ralph A. Ziesemer Bisbee, Ariz. Hubert H d'Autremont, Warren, Ariz Lester Budrow. Douglas. Ariz. M. J. Cunningham, Bisbee, AriZ. Robert Rae, Douglas, Ariz. William H. Brophy, Bisbee, Ariz. Franklin Wheaton Smith, Bisbee. Ariz
 Thereafter the Board of Directors shall be elected from among the stock 1olders at the annual stockholders meeting to be held on the first Mon day of March of each year.
 Article VII
 The highest amount of indebted ness or liability. direct or contingent, to which this corporation shall be bject at any one time shall be Two Hundred Thousand (S200.O0000) Dol lars
 Article VIII.
 The private property of the stock elders and officers of the corpora. tion shall be exempt from all corpor- ate debts of any kind whatsoever 1 Article TX.
 The names. residence and postof- i ice addresses of the corporators are: ! Franklin Wheaton Smith. Bisbee, Arizona; P O. Address. Bisbee. Ari zona.
 ! Ralph A. Ziesemer. Bisbee. Arizo- na; P. O. Address, Bisbee Arizona. ] Hubert H. d'Autremont, Warren.