Bisbee daily review., 1919-01-09

reduction plants, and smelters owned l-d operated by this corporation; and .a E.nufactufe gas and electricity ..nl Co use and sell the same;
 (c) To transact a general mining. milling. reducing, and smelting busi- ness; to build, construct, maintain, | and operate smelters, mills, and re- duction plants for the purpose of smelling. milling. and reducing ores and minerals in the prosecution of it's said business, including the building of waterworks. canals, reservoirs, pipe lines, roads, and tramways; (d) To sell, lease, mortgage, and hypothecate real and personal prop erty of every kind; and, generally, to deal in real estate and personal prop erty Of every nature and description: Gel To acquire, purchase. sell, trans ! fer, assign and hypothecate the stocks, bonds and securities of corpO- rations and, especially, the stocks, bonds and securities of this corpora ton: and to lend money and to bor- row money;
 CD To issue its own notes, bonds, and obligations of every kind and de- scription;
 (g) To transact a general mining, manufacturing, and mercantile busi- ness: and to engage in every kind of business not prohibited by law the same in all respects as a natural per son might or could do.
 ARTICLE ". The amount of the authorized cap ! ital stock of this corporation is ninety thousand dollars (S9G, 100000, divided into ninety" thousand (90,000) shares of the par value of one dollar (S100) each; and the time when and the con- ditiOns upon which the said capital stock is to be paid for shall be as ] prescribed by the board of directors ] of this corporations; provided that stock of this corporation may be issued in payment for property. prop erty rights or privileges. or services, and the judgment of the directors as to the value thereof. in the absence of fraud. shall be conclusive; and pro- vided further. that the directors may authorize the sale of the capital stock | for less than par when in their opinion the interest Of the corporation de mands such action.
 ARTICLE V. The time of the commencement of | this corporation will be as soon as these articles of incorporation are ! filed for record >in the office of the Corporation Commissioner of Ari- zona. and a certified copy thereof re , corded in the office of the County Recorder of said Cochise County, and a Certificate of Incorporation deliv- cred to it by the Corporation Con- mission; and it shall continue for a period Of twenty-five (25) years there after
 ARTICLE VI. ! The affairs of this corporation shall l be conducted by a board of not less than three (3) nor more than five (5) ] directors, who shall be elected by the stockholders at their annual meeting ! which shall be held on the second Wednesday in January of each year.
 The directors of this corporation, until the first annual meeting of the l stockholders and until their success sors are elected and have qualified. l shall be and are, k. A BrethertOn. John McGregor and Fred Sutter.
 The officers of thls corporation shall be, a President, a Vice-Presi- dent, a Secretary, and a Treasurer. who shall be elected by the board of directors from among themselves i'm mediately after the election of such directors each year. The offices of i Secretary and Treasurer may be held by one and the same person. l The directors and officers of this corporation shall hold office for one year next ensuing their election and until their successors are elected and have qualified.
 The officers of this corporation. until the first annual meeting of the stockholders and until their success sors are elected and have qualified, shall be and are as follows: John M. McGregor, President; R. A. Breth- erton. Vice-Presideut: Fred Sutter. Secretary and Treasurer.
 ARTICLE VII.
 The highest amount of indebtedness or liability to which this corporation is at any time to subject itself to. is the sum of fifty thousand dollars (S50,O00.00)
 ARTICLE VIII.
 The private property Of the stock holders and officers Of this corpora ton shall be exempt from the corpo- rate debts and liabilities O. tnIs corpo- ration.
 IN WITNESS WHEREOF. We have hereunto set our hands and seals this 4th day of November, A. D. 1918.
 R. \ BRETHERTON,
 JOHN McGREGOR.