Arizona state miner., 1920-01-03

roads for the purpose of developing any
properties owned by it, gas, electric
light, telephone, telegraph and hydro
electric plants to be used in connection
with the operation of any of it's proper
ties; to buy, sell, and generally trade
in, store, carry and transport, any and
all kinds of goods, wares and merchan-
disc, provisions and supplies; to enter
into, make, perform and carr, out con-
tracts of every kind and for any law
full purpose incidental to It's operations
and business; to issue, protect, secure,
redeem and pay bonds, securities and
other evidences of Indebtedness of this
corporation when deemed necessary,
appropriate or expedient by the Direc
tors or stockholders of this corporation
and, in general, to carry on any other
lawful business in connection with the
foregoing which may be necessary or
incidental thereto, or calculated, direc-
tly or indirectly, to enhance the value
of the company's properties, rights or
stock and to do any and all things that
natural person might or could law
fully do in general mining business.
ARTICLE III.
The AMOUNT OF THE CAPITAL STOCK
of this corporation shall be One Million
Five Hundred Thousand Dollars, divided
into One Million Five Hundred Thou
sand shares of the par value of One
Dollar each, and said capital stock shall
be fully paid up, at the date If issu-
ance, in money, property, services,
labor or any other valuable right or
thing, in the discretion of the Board of
Directors and the judgment Of said
Board, as to the value thereof. shall be
conclusive on this corporation and its
hereby made and shall forever remain
non assessable. Said stock shall be dis
posed of in the discretion of the Board
of Directors, as said Board may deem
proper and its discreet ton shall be final
and binding.
ARTICLE ".
The life of this corpora ton shall COM
mence on the day when certificate of
its incorporation is issued by the Art
zona Corporation Commission and shall
terminate twenty-five years thereafter.
ARTICLE "
The affairs of this corporation shall
be conducted by a Board of Directors
of not less than three or more than fif-
teen members and such other Off
GERS and agents as they may ap-
point or elect and all directors shall
be stockholders; the following named
persons shall constitute the directors
and officers of this Corporation until
their successors shall be elected and
qualified.
J. E. Morrison, President and Direc-
tor.
H R. Roundtree, Vice President ard
Director.
H. A. Wardenburg, Secretary, Treas
urer and Director.
Hereafter the Board of Directors
shall be elected annually by the stock
holders, from their number at the
annual meeting of the stockholders,
to be held on the second Mon
day in anuary, 1921 and at each annual
on the second Monday in January in
each and every year thereafter, and
shall hold office until their successors
are elected and qualified. The Board
of Directors shall have the power to in
crease or decrease the number of its
membership within the limits herein
provided and shall have the power to
fill any vacancies occurring in the offices
or in the Board, thru any cause, for the
unexpired term
ARTICLE VI.
The highest amount of indebtedness
direct or contingent, to which the cor
poration shall ever be subjected, shall
be two thirdz of the total par value of
the capital stock.
ARTICLE VII.
The private property of the stock
holders and officers of this corporation
shall be exempt from all corporate
debts and liabilities of any kind whatso-
I ever.
ARTICLE VIII.
This corporation shall have power at
any time, to sell, transfer and dispose
of all of it's assets, upon the vote or the
written consent of the owners of two
thirds of the capital stock then out