Weekly journal-miner. [volume] (Prescott, Ariz.) 1908-1929, 1921-05-04

machinery, and any and all appli-
ances which might or could be used
in a general oil and mining develop
ment business.
6. To borrow money and issue
its bonds payable in cash, or con-
vertible into stock of this corpora
ton, debentures, mortgages. promis-
sorry notes, or other evidences of III
debtedness therefor, and to pledge,
mortgage, or otherwise dispose OF,
the whole or any part of the proper
ty owned or acquired by it for the
security of payment of any indcb-
tedness or obligation incurred or
undertaken.
7. To make contracts and TO do
as fully and to the same extent as
natural persons might or could do,
any and all of the things herein set
forth, either as principal, agents, di-
rectors, trustees, or otherwise, and
either to alone or in the company
with other corporations, persons. as
sociations, or firms. and i'll general
to have and exercise with respect to
all things, the powers, privileges, and
immunitics conferred upon corpora
tons of this class by the laws OF the
State of Arizona, and to carry on
any business in connection Herewith
not inconsistent with the laws of
the United States.
The date OF the beginning OF this
corporation shall be the day on
which certificate of incorporation is
issued to it by the Arizona Corpora
ton Commission, and it shall endure
for twenty-five years thereafter.
".
The government of the corpora
ton is vested in Board OF Direc-
tors consisting of not fewer than
three nor more than seven members,
to be elected at the annual stock
holders meeting, who shall hold Of
flee for one year from the date OF
their election and qualification, and
until their successors are elected and
qualified; provided, however, that if
said annual stockholders meeting be
not held in any particular year, that
the stockholders may, if it is deemed
advisable, at special legal meeting,
elect Board of Directors, the men,
bers whereof shall hold office until
their successors are elected and quail
fled, and provided further, that any
vacancy or vacancies occurring in
the Board Of Directors may be filled
by said Board; the Board OF Direc-
tors shall have power TO increase the
number of its members, as hcreinbc-
fore limited, and in the event of such
action shall designate the additional
members thereof who shall serve
until their successors are duly elect
ed and qualified; the Board of Dircc-
tors shall have power to hold any
meeting and transact any business
for the company at any time or
place within or without the State of
Arizona, and all acts of said Board
at such meetings shall be valid, pro-
vided majority of all of the MEM
bers OF the Board shall >bc present
and shall vote i'll favor OF the action
there taken, and such vote shall be
conclusive evidence of the sufficiency
OF notice for such meeting; to Board
of Directors shall have power to cs-
tablish bylaws and make all rules
and regulations necessary for the
management OF the corporation, and
TO amend the same.
The first board of directors OF this
corporation shall consist OF three
members, and until their successors
are elected and qualified, the follow
ing named persons shall constitute
said board, to-wit: ]. c. Heslet,
Robt. E. Morrison and Emmett T.
Morrison.
V.
The time for holding the annual
stockholders meeting hereof is the
first Monday in February OF each
year.
The officers OF this corporation
shall be a President, Vice President,
General Manager, Secretary. Treas
urcr, and such other officers as the
Board OF Directors shall deem neccs-
sary, such officers to be elected by
the Board OF Directors and to serve
one year, and until their successors
are elected and qualified, and the Of
ficcrs of this Company. until the
next annual meeting OF the stock
holders, or otherwise elected by the
directors, shall be
J. c. Hcslct. President.
Robt. Z. Morrison, Vice President