The border vidette., 1925-07-04

oEN1o. Audb We JOHu u. WrlB at,
whose residence and post Office address
is 646 South Sixth Avenue, Tucson,
Arizona, and Carl r. Tisor. whose re.
sidence and post Office address is Cos
North Third Avenue, said Tucson,
both being citizens OF the United States
of America, have this day associated
ourselves together, for the purpose OF
forming corporation under the laws
of the State OF Arizona, and we do
make, sign, acknowledge. publish and
adopt the following as the Articles OF
Incorporation thereof:
That the names of the incorporatOrs
are John B. Wright and Carl r. Tisor.
That the name of the corporation is
Salero Mines Corporation; that its
principal place for the transaction OF
business is Salero, Santa Cruz county,
State Of Arizona, and that branch Of
fees may be established by the direc
tors. at such place or places, within or
without the State OF Arizona, as they
may from time to time determine.
That the general nature OF the bust
ness to be transacted by this corpora.
ton, and which it proposes to promote
and carry on, as fully to- all intents and
purposes, as natural persons might or
could do, Is as follows. to-wit:
(D To discover, locate. develop and
work mining claims; to manufacture.
buy, sell, mortgage, own, work, lease,
manage and superintend mines; to
erect, buy, sell, lease, mortgage, run and
manage mills. smelters and refineries
for the treatment of ore aud mineral
products; to buy, sell give or take
mortgages upon mines and mineral
lands and treat ores and mineral pro.
ducts OF all kinds; to construct and
maintain reservoirs. pipelines, wells.
fumes and bitches for the development
of water, for mining, milling, smelling
and kindred purposes; and generally,
to do and perform such and every Of
the matters and things done and per.
formed by persons and corporations
engaged Ia the general mining business,
or which pertain to or are convenient
for the successful operation thereof.
(2) 10 buy. sell contract, lease, mort.
gage or otherwise acq uire, operate and
maintain telegraph and telephone lines
and stations, including each and every
the matters and things necessary, in
cident or convenient to the proper
maintenance and management thereof.
81 To construct, operate and main
tain tramways and railroads. from any
OF the principal works of this company
to the nearest connecting line of tram
ways or railroad, and, to this end, to
have the right to condemn property,
and generally to do and perform each
and every other thing necessary, in
cident or convenient to tho proper
maintenance and management thereof
t4) To invest in, take over, buy, sell.
pledge and exchange stock, shares,
bonds and securities OF other corpora.
tions, foreign or domestic; to make ad-
vances upon, hold In trust, and sell or
dispose Of any of the investments afore.
said: TO exercise all the rights and priv.
ileges of ownership thereof, including
the right to vote such shares, at any
regular Or special stockholders meet
ings OF such foreign or domestic cor
poration.
(5) To issue debentures. bonds. notes
and other obligations, securing the
same by mortgage or Trust Deed upon
the property of the Company. and to
deal in the same. and to buy, soil, and
deal in shares OF Its own capital stock.
l6) To use any or all OF it's net earn.
ings or profits In the purchase or ac-
QUESTION, first, OF it's issued and out.
standing preferred stock, as hereinafter
set forth. and which stock when so
purchased shall be retired, and second,
-, ~
and such common stock, when SO pur-
chased, may, in the discretion OF the
Board OF Directors. be retired, or be
deposited in the treasury OF the com.
pany, as treasury stock, to be there
after disposed Of upon such terms and
conditions as the Board OF Directors
may elect.
(7) To hold any meetings, except
the first or organized meeting, of the
stock holders and directors, either of
Stockholders or directors, at any place
within or without the State of Arizona
where a branch Office may be establish
ed by the Board of Directors.
~ And, generally, to do any, per-
form each and every other thing ne
cessary. expedient. incident or con-
venient to the conducting of the bust
ness aforesaid, as we'll as of all other
CLASSES and kinds OF business whatso.
ever not in conflict with the laws OF
the United States Or of the State of
Arizona, and either within or without
the State of Arizona, the United States
of America, or any foreign country.
III
The amount of the capital stock Of
this corporation shall be Five Humid red
Thousand $500. 900 00l Dollars. divided
into four hundred thousand shares of
common stock and one hundred thous-
and shares Of preferred stock. all of the
par value of One Dollar ISL .O0) per
share, which shall be subjected to the
privileges and responsibilities herein
after set forth.
The Board of Directors may cause
said capital stock. common or prefer
red. or any part thereof, to be sub
scribed or paid for in cash or upon in
stallments in the purchase or exchange
or transfer of real or personal property
of whatsoever kind or character and
wherever situate; in the purchase, ex-
f.. L.