Bisbee daily review., 1919-01-12

t.J To acquire by purchase, grant, concession. location, or any other awful means, mines, mining claims, on. mining rights; waterrights, water d.tches, power plants, and pipe lines; and real estate and personal property of every nature and description. (b) To construct and operate tele- 1 graph and telephone lines; to con struct and operate railroads neces- sary in the operation of mines, mills. reduction plants, and smelters owned and operated by this corporation; and to manufacture gas and electricity and to use and sell the same;
 (c) To transact 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 its 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;
 (e) 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 tion: and to lend money and to bor- row money;
 ] (fl Tn Our1 nnfae hnndG 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 natural per son might or could do.
 ARTICLE ".
 The amount of the authorized cap ital stock of this corporation is ninety thousand dollars (s90, ,0O0.O0). divided into ninety thousand (9O,OO0) shares of the par value of one dollar (S1.O0) 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 corporatiOn 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 or 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 Com mission; and it shall continue for a period of twenty-five (25) years there after
 ARTICLE VI.
 The affairs of this corporation shall 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 stockholders and until their success sors are elected and have qualified shall be and are, R. 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 Secretary and Treasurer may be held by one and the same person.
 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 SlOOhlOlutIS anu uLtll lnclT SuCCGS sors are elected and have qualified shall be and are as follows: John M. McGregor, President; R. A. Breth. erton, Vice-President; Fred Sutter Secretary and Treasurer ARTICLE VII.
 The highest amount of indebtedness or liability 10 which this corporation is at any time to subject itself to, is the sum of fifty thousand dollars 1850, ,0O0.00.)
 ARTICLE VIII.
 The private property of the stock. holders and officers of this corpora. tion' shall be exempt from the corpo, rate debts and liabilities O. tnls corpo- ration.
 IN WITNESS WHEREOF, We have hereunto set our hands and seals this 4th day of November, A D. 1918.
 R. X. BRETHERTON,
 JOHN McGREGOR, FRED SUFFER.
 STATE OF ARIZONA,
 County Of Cochise-ss:
 Before me TOhn W HOgau a NOtary