Arizona republican., 1918-03-26

the name of the corporation shall be RAY-KELvIN MINING COMPANY.
 Its principal place of business within | the State of Arizona shall be at Phoe- nix. Arizona, but other offices may be established and maintained either | within or outside the State of Arizona, at such place or places as the Board of Directors may designate. where meetings of the stockholders and di- rectors may be held any and all cor poration business transacted.
 ARTICLE II.
 The general nature of the business proposed to be transacted and carried on by this corporation is that of min ing, milling. sinelting. ore reduction and treating, in all it's related branches and do all the things hereinafter mem toned, and any of them as fully and to the same extent as natural persons might or could do in any part of the world, and to do any and everything and to engage in any and every busi- ness which may by its Board of Di- rectors be deemed necessary, requisite, essential convenient or auxiliary to the carrying out of the objects and pur poses for which this corporation is formed
 In furtherance, and not in limitation, of its general powers and purposes, it is expressly provided that this corporation shall have the following powers, viz:
 l. To acquire. own, handle. sell en- cumber, and otherwise deal in or with any and all classes of property; to buy or otherwise acquire, own, hold, sell and in any manner deal in or with shares of the capital stock of this or other corporations; to pay for prop erty purchased or acquired in cash, stock of this corporation, bonds or otherwise, to carry on business of min ing, milling, smelting, concentrating. converting, treating, preparing for market, manufacturing, buying, selling, exchanging or otherwise producing and dealing in gold, silver. copper and any and all kinds of ores, minerals. and metals and in the products and by products thereof of every kind and description, and by whatsoever process the same can or may be produced and generally without limitations as to the amount.
 2. To acquire by purchase, exchange, location, appropriation or in any other manner whatsoever, or in any manner whatsoever to receive, own, hold, use, operate lease, mortgage, sell or other wise dispose of mines, mining property ores, minerals, water rights, reservoirs, canals, fumes. ditches, mills, smelters, sawmills, stores, hotels, boarding houses, easements of any kind of prop erty.
 3. To construct, lease or otherwise acquire and to own, hold and operate railroads, tramways or rights of way, | fa bo ing on of any business undertaking by it; to acquire, own, hold, sell, lease or otherwise dispose of any and all kinds of inventions, rights. licenses, patent rights and letters of patent.
 4. To borrow money and to issue its bonds payable in cash or convert ible into stock of this corporation. de- bentures, mortgages, promissory notes, or any other evidences of indebtedness therefor, and to pledge sell or other wise dispose of the whole or any part of the property owned or acquired by it for the security of payment-of any indebtedness or obligation incurred or undertaken; to use it's stock, deben- lures or bonds in payment for any property or commodity which it may purchase or acquire.
 5. To make contracts, and to do as fully and to the same extent as natural persons migbt or could do, any and all of the things herein set forth, either as princlpals, agents, contractors trustees l or otherwise, and either alone or in company with other persons, associa tons or corporations; and in general to have and exercise with respect to all things the powers. privileges, immuni- ties conferred upon corporations of this class by the laws of the State of Ari- zona, and to carry on any business ir connection herewith not inconsistent with the laws of the United States.
 ARTICLE III.
 The amount of the capital stock ot this corporation shall be Two Million (s20OO, ,O00.0D Dollars divided into Two Million (2,000,000) shares of the pa1 value of One Dollar (s1.00) each, which snail be paid in, at such time as the Board of Directors may designate ir cash, real or personal property, ser wees, lease, option to purchase or an, , other valuable right or thing for the use and purpose of the corporation, an6 all shares of capital stock, when issued in exchange thereof, shall thereupor and thereby become and be full paid the same as though paid for in cash al par, and shall be non -assessable for. ever, and the judgment of the direc. tors as to the value of the propert, right or thing acquired, in exchange Tor capital stock, shall be conclusive
 ARTICLE W.
 The commencement of the corpora ton shall be the date of the filing O. these articles with the Arizona Cor. poration Commission, and it shall en. dure for the full term of twenty-fiy, years thereafter, with privilege of per petual succession as provided b, statute.
 ARTICLE V.
 The affairs of this corporation shal be conducted by a Board of Directors consisting of not less than three no 1: more than nine persons, who shall b. elected annually by the stockholders second Monday in July of each year and the officers thereof shall consis , of President, Vice President, Secre tary and Treasurer to be elected by tn . Board of Directors, and such other of ficers as may be created in the By Laws, or designated by the Board o : Directors.
 The corporators may take subscrip , tions to stock of the corporation am
 call a meeting of the stockholders a
 soon as this corporation is organized or may meet themselves as StocknOlder ? and elect directors, which directors ma
 elect the officers above provided an adopt bylaws, and do any and d . matters necessary to carry on tn
 business until the first annual meetin
 Of the stockholders in accordance wit | the laws of the State of Arizona. ARTICLE VI
 The highest amount of indebtedness 1: For liability, direct or contingent, t which this corporation can at any tim z Sllhiect itself must not eXcaed fhe SIT