Arizona republican., 1917-02-11

notes. debentures and other evidences of indebtedness and secure the pay ment of the same by mortgage, deed of trust, or otherwise, to act as agent, trustee, broker, or in any other flqu- Ciary capacity, and in general. to dc and perform such acts and things and transact such business in connection with the foregoing objects not incon sistent with law in any part of the world.
 The property now owned by this cor roration consists of fifteen (15) Claims. and are located in the SADDLE M c U NIT AIN MINING DISTRICT, Pinal County. Arizona, three and one half miles from the S P. R. R. sta tion at Christmas. Said Claims are continuous Group and are located in one of the most operative Mining Dis tricts of Arizona. And to have perpet- nal succession. To sue and be sued by the corporate name. To ha' common seal and alter the nn-7e at pleasure To render the shares IT in terests of stockholders transferable and prescribe the mode of making such transfers. To exempt the private property of members from liability for corporate debts. To make contracts. acquire and transfer property possess iHg the same powers in such respects as private individuals now enjoy. As the Board of Directors may deem to the advantage of the corporation in the carving on of d general mining business.
 ARTICLE III: The Capital Stock of the corporation shall be One Million Dollars t$1.000,000). divided into one million shares of the par value of One Dollar each, which shall be paid in at such times as the Board of Directors may designate. in cash. real or per- sonal property. services. lease, opt'''' to purchase. or any other valuable right or thing for the use and purposes of the corporation, and all shares or Capital Stock. when issued in exchange therefor. shall the4eupon and thereby become and be full paid the same as though paid for in cash at par. and shall be non-assessable forever. and the judgment of the Directors as to the value of any property right or thing acquired in exchange for capital stock shall be conclusive.
 ARTICLE ": The commencement. of the corporation shall be the date oi the issuance to it of a certificate Of in corporation by the Arizona Corporation Commission and it shall endure for the full term of twenty-five years thereafter, with privilege of perpetual succession as provided Dy Statute.
 ARTICLE V The affairs of the cor po.ation shall be conducted by Board of Directors and such officers as the said Directors may elect or appoint. The number of directors shall be designated by the Bylaws and shall be elected from among the stockholders at their annual meeting to be held on the first day of June. of each year.
 Until the first annual meeting of the stockholders and until their successors have been elected and have qualified, the following named persons shall be the officers and directors:
 w. T. MaXey, President and Direc- tor; J w. Lee. 1st Vice President and Director; J. F. Mitchell. 2nd Vice President and Director; c. c. Ball, Secretary and Director: Bessie Ball | Mays Treasurer and Director.
 ARTICLE VI: The Directors shall have power to adopt, amend and re- scind by laws, to fill vacancies occur ing in the Board from any cause, and to appoint fromtheir own number an executive committee and vest said com
 mittee with all the powers granted the Directors by these Articles.
 ARTICLE VII; The highest amount of indebtedness or liability to which the corporation may at anyone time sub l ject itself is Five Hundred Thousand l Dollars (S500,000), or never to exceed
 one-h half of it's capital stock.
 l ARTICLE VIII. The private prop erty of the stockholders of the cor | poration shall be forever exempt from ] it's debts or obligations.
 l ARTICLE TX: This Corporation l does hereby appoint J. w. Lee. O