Mohave County miner and our mineral wealth., 1922-08-04

kind of property.
 z To borrow or loan money, and to is- sue its bonds payable in cash, or con- vertible into stock of this corporation, debentures, mortgages, promissory notes and other evidences of indebtedness therefor. and to pledge, sell, or other- wise dispose of the whole, or any part of the property owned or acquired by it for the security or payment of any indebtedness or obligation incurred or undertaken; to use it's stock, debentures or bonds in payment for any property or commodity which it may purchase or acquire. and to the same extent as natural per sons might or could do in any of the things herein set forth, either as prin- cipal, agent or contractor, trustee, or exercise with respect to all things, whether herein specifically mentioned or not, all rights, powers, privileges and immunities conferred upon corporations of this class by the laws of the State of Arizona and to carry on any, busi- without the State of Arizona not incoh. sistent with law.
 ARTICLE III. The amount of the capital stock of this corporation shall te OOO O0) divided into One Hundred Thous- and C100.000) shares of stock of the par value of Five Dollars ($5.00) each. which shall be paid in at such times, and under such conditions, as shall be deemed by the Board of Directors to be best, in cash, notes, real or personal property, services. options to purchase. or any ether valuable thing for the use and purpose of the coropration. and all shares of capital stock of the corpora tion when issued in exchange therefor or for any or either of the foregoing shall thereafter and thereupon and there by become and be full paid as though paid for in cash at par, and shall be non-assessable forever; and the 1udg- ment of the Board of Directors as to acquired in exchange for capital stock of this corporation shall be conclusive.
 ARTICLE ". The time of the com mencement of the corporate existence or this corporation shall be from tne t1me these articles are acknowledged in ac- cordance with law and transmitted Tn due course of mail to the Arizona Cor poration Commission for filing and rec. ord. and the termination thereof shall be twenty-five (25) years thereafter with the privilege of perpetual success ARTICLE V. The highest amount of indebtedness or liability to which the corporation may at any time subject IL | self or contract is the sum or F11t! Thousand Dollars (s5O, ,O0O.OO).
 ARTICLE VI The affairs of the cor poration shall be conducted by. and the mana agement of the business and pro, Derty of the corporation shall De vested | in. Board of Directors and such o11l- cers as such Directors may elect or ap- noint The Board of Directors snail pc five (5) unless otherwise provided TOT | in the bylaws, and said Directors shaii he elected from the stockholders at tnelr regular meeting to be held on the 1lrSt Monday in the month of April or eacn and every year.
 ! Until the first annual meeting or the | stockholders and until their successors are duly elected and have qualified, the
 officers and directors shall be as fol'
 lows: Raymond Wierth of New Bre'
 men Ohio. Director and President; S
 A. McGee of Kingman. Arizona, Director
 and Vice-President; Elmer J. Welch o1
 Kingman, Arizona, Director and Secre
 tary-Treasurer; and General Manager. c H. McGee of Kingman. Arizona, Dlrec
 tor; Hattie Welch of Kingman, Arizona | Director
 ARTICLE VII. The Board of Direc
 tors shall have power to adopt. amend
 rescind, and alter bylaws. to fill va
 cancies occurring in the Board for an.
 cause or reason, and to appoint iron
 their own number committees, and al executive committee with all the power
 granted to the Directors, or with sucl powers as may be designated to Sucl committee or committees by the Boar : of Directors The Board of Directors shall hay . full and complete power and authorit 7 to represent and do all and everythin