The border vidette., 1923-10-27

solved by majority vote of its mem
bers or by operation OF law.
"
The general nature OF the bus ness
proposed to be transacted by this cor.
poretion is:
To locate, lease, purchase. own or
otherwise acquire, and to sell, lot, hypo.
thecate Or.Otherwise dispose OF mines,
mining claims and ores, tailings and
bullion;
To purchase, own or Otherwise ac-
quire, and to sell, lot, hy DO hecate, or
otherwise dispose of paten's for mining
claims and 10 purchase title TO mining
claims from the United States or for
eign countries;
To develop, manage, and operate and
improve mines and mining Claims, and
to mine, mill and smelt ores;
To own, construct and purchase,
lease or otherwise acquire, and to sell
or otherwise dispose of all kinds of
| buildings, machinery, tools and other
/ personal property, necessary or con-
venient for mining purposes, or for pro
ducing. milling. smelling, storing, car
! ing for and dealing in. handling or
! transporting of ores. minerals and
| chemicals OF all kinds;
To own. construct, maintain and
operate and dispose OF roads, tracks,
| tramways, wagons, cars and autOmo.
biles. together with the necessary
| equipment to operate or handle the
! same, and all other necessary equip.
ment to operate or handle the same
and all other personal property neces
sary or convenient in transporting and
n I'M <S1f 4
+! To build, operate and own, sell or
otherwise dispose OF railways, ,tramways.
turnpikes and canals necessary or con-
venicnt for transporting Ores minerals,
chemicals or mining products from the
| property of this corporation to any
public highway;
To purchase, develop and otherwise
acquire, own or store, sell and otherwise
dispose of water, water rights pumping
plants and ditches fumes and pipe lines
or other conduits for condu Quoting water
To purchase and otherwise acquire.
0 OWn or develop. manage, operate, gen.
crate, store, sell and etherwise dispose
OF electricity for the purposes of heat,
light and power;
To purchase, lease. own AMI other
wise acquire and to sell. let and hypo-
thecate or otherwise dispose of all kinds
OF personal property;
To purchase subscribe for, or other.
wise acquire. own, hold and sell or
otherwise dispose of stocks, bonds and
securities of other corporations, and of
this corporations;
10 establish and carry on agencies. Of
ices, warehouses, factories. mills, hoists,
shops, OF other necessary or convenient
places Of business and to sell articles
and products produced by itself or
| other persons or corporations in the
| State Of Arizona, and other States of
heUnited States and foreign countries;
/ To purchase. lease. or otherwise ac-
quire. own, hold and to sell, let, mort
gage or otherwise dispose of real prop
erty and develop, manage, operate and
improve land. mil sites, towns and
townsites, and land sub divisions;
To purchase, lease or otherwise &C.
! quire, either in the United States or in
foreign countries. and to own, hold or
to sell or otherwise dispose of or hypo.
theeate ranches, ranch and range lands,
and real estate of every description and
| to buy, breed. sell and handle cattle
| and other live stock and the products
thereof;
To loan and to borrow money, and
| execute. indorse, guarantee the pay
| ment OF, hold, own. sell or otherwise
| dispose OF bonds, notes and other evid
ence Of indebtedness; and to do any act
or thing necessary. proper or conven.
lent. for the prosecution or carrying ont
OF the purposes herein before mention
ed. for the carrying on of general
mining. milling and (or) smelling bust
ness. and the subdividing and selling of
lands. mill sites and townsites, and the
construction and building OF roads,
| streets, alleys. and other improvements
thereon, and generally to do and per-
form all acts and things which are
legal and proper for natural person
or persons to do, and which may be
| conducive to or expedient or necessary
in the carrying out of the business of
this corporations: all of which business
may be carried on at such place or
places, either in the United States or
in fore gn countries, as the Board Of
Directors may at any time determine to
be for the best interests Of the cor pora.
ton.
The Capital Stock Of this corporation
shall be one million two hundred and
fifty thousand shares of the par value
OF fifty (50,) cents per share; at such
time and under such conditions as the
Board OF Directors may determine.
subscriptions to the capital stock shall
be paid for either in cash or by the
sale and transfer to the corporation of
real or personal property. or for SER
vices rendered on behalf of the corpor-
| RtiOp. and said st0ck xU hon issua6 oho n
be fully paid and non .assessa BILE, and
in the absence OF actual fraud the de.
termination by the Board of Directors
as to the value of any property pur-
chased or services rendered shall be
conclusive.
VI
The highest amount OF indebtedness
or liza biIity either direct or contingent
to which this corporation is at any
time to subject itself shall not exceed
two. thirds OF the amount of it's capital
stock; and the private property of the
a. I,ol II orc of' Communications eL,o II