Weekly journal-miner., 1921-04-27

ances which might or could be used in general oil and mining develop ment business.
 6. To borrow money and issue it's bonds payable in cash or con vertible into stock of this corpora ton, debentureS, mortgages, promis- sory notes, or other evidences of in- 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 indeb- 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 in general to have and exercise with respect to all things, the powers, privileges, and immunities conferred upon corpora tions 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 a 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 ill Board of Direc- tors consisting of not fewer than three ncr 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 arc elected and qualified; provided, however, that ii 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 a Board of Directors, the mem 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 hereinbe- fore limited, and ill the event of such action shall designate the additional members thereof who shall serve i until their successors are duly elect 1 ed and qualified; the Board of Direc- 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 a majority of all of the mem- bcrs of the Board shall be present and shall vote ill favor of the action | there taken, and such vote shall be conclusive evidence of the sufficiency l 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: ]. (. Heslct, Robt. E. Morrison and Emmet T. Morrison.
 V.
 The time for holding the annual stockholders meeting hereof is the first Monday ill February of each year.
 VI.
 The officers of this corporation shall be a President, Vicc-President, General Manager, Secretary, Treas urer, 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 arc elected and qualified, and the of- ficers of this Company, until the next annual meeting of the stock holders, or otherwise elected by the directors, shall be
 ]. C. HeSlet, President.
 Robt. E. Morrison, Vicc-Prcsident.
 I. C. Hcslet. General Manager.
 Emmct T. Morrison, Secretary.
 Emmct T. Morrison, Treasurer.