Bisbee daily review., 1917-08-05

the business of the Corporation in Arl- zona shall be in the City of Douglas, County of Cochise, in said State, but branch offices may be kept and main tained at such other places, either in the United States of America or in any foreign country, as the Directors may determine.
 ARTICLE III
 The time of the commencement o, this Corporation shall be the date oI the issuance by the Arizona Corpora tion Commission of a Certificate of h. corporation to this Corporation, and the termination thereof shall be twen- ty-five (25) years thereafter.
 ARTICLE "
 The general nature of the business to be transacted by this Corporation is as follows, to-wit:
 To purchase, locate, lease or other wise acquire. own, exchange. sell, mort gage, lease, or otherwise dispose or, oil lands, mineral lands, real estate, timber lands, water, water rights, ana to operate, explore and develop the same; to purchase, lease, own and op- crate, drills of all kinds, and to drill and operate oil and other wells, of ev- cry kind and nature; to develop oil and mineral lands and leases; to con- struct and deal in all kinds of reduc- tion work; to buy, sell, lease, exchange and deal in real and personal property and in all kinds of oil, sand, gravel, lumber, and all kinds of goods and merchandise; to own, construct and lease mills, shops, supply houses, stores, restaurants, hotels and board ing houses; to do general oil refin- ing, manufacturing and reduction works in oils and minerals; and to do a general mercantile bu,iness; to buy, construct, maintain, lease and oper- ate, telegraph and telephone lines, can als, roads, ditches, fumes, tanks, pipe lines and reservoirs, of every kind and nature; to borrow money; to give notes and bonds therefor, and to secure the same by mortgage or trust deeds upon any of the property of this Corpora tion; also, to purchase, acquire, own and sell stock of this Corporation, as well as the stock and bonds of other corporations; and to do and perform any and all things necessary to prop erly and fully carry -out the object of this Corporation, as aforesaid, within the United States of America Or any foreign country.
 ARTICLE
 The authorized amount of the capital stock of this Corporation shall be One Hundred Thousand (s1O0,0O0) Dollars, divided into one hundred thousand (10O,OO0) shares of the par value of One (S1.O0) Dollar each, which stock may be issued in exchange for mon ey, property, services, or the stock of other corporations, at such times and upon such terms and conditions as the Board of Directors may determine, and the capital stock when so issued shall thereupon and thereby be and become fully paid and non-assessable; the judgment of the Directors as to the value of the property purchased and the services rendered shall be conclu. sive.
 ARTICLE VI
 The business affairs of this Corpora tion shall be conducted by Board of Directors, consisting of not less than three (3) nor more than five (5) mem bers, each of whom shall be stock holder of this Corporation. All Direc- tors shall be elected annually at the regular annual meeting of the stock holders of this Corporation, which shall be held on the second Monday of August in each year hereafter, and they shall hold their offices until their successors are elected and qualified.
 Any vacancy in the Board of Direc- tors may be filled by the remaining members of the Board by appointment appointment shall be for the unexpir-