Page:Acts, Resolutions and Memorials, Adopted by the First Legislative Assembly of the Territory of Arizona.djvu/43

Rh to maintain an action for the same in any court of competent jurisdiction in this Territory.

This act shall take effect and be in force from and after its passage. November 7, 1864.

Be it enacted by the Legislative Assembly of the Territory of Arizona:—

John P. Bourke, E. J. Cook, B. T. Riggs, and such other persons who are, or may be, associated with them for that purpose, and their successors, are hereby incorporated a body politic and incorporate, by the name and style of “The Hualapai Mining, Smelting, and Assaying Company,” and by that name shall, for the period of twenty-five years, have perpetual succession.

The objects and business purposes of said company shall extend to the following objects, and to none other: 1. The mining and extracting from ledges and mines such precious metals, mineral deposits, and ores, as they may desire for crushing, smelting, refining, and assaying in their mills, furnaces, assaying, or other establishments. 2. The crushing or smelting such rock, ores, or mineral deposits as they may obtain from their own labors, by purchase, or for hire in any way, and refining, assaying, or otherwise preparing the results thereof for sale or barter. 3. The sale, transfer, or barter of the results of their said mills, furnaces, laboratory, or other refining establishments. The mills, furnaces, and other establishments owned or used by said company, for the purposes above described in subdivisions one and two, shall be located in the county of Mojave, and the office of said company shall be located at the town of Hardy’s Landing.

Said company may have, use, and alter at pleasure a common seal; sue, be sued, defend, plead, and be impleaded, in all courts in this Territory; make contracts; acquire by purchase or otherwise, possess, use, transfer, and dispose of, in like manner as an individual, such right, property, real, personal, and mixed, as the legitimate purposes of their business from time to time require; and may execute mortgages or liens on their houses, mills, or other establishments, engines and other machinery, to secure the original cost thereof only; appoint such officers and agents for the management, regulation, and conduct of their business at all times and places, fix their compensation and prescribe their duties, require of them necessary security for the proper discharge of their duties, and remove them, or any one of them, at such times as may be lawful; make such rules, regulations, and by-laws, not in violation of the laws of the United States or of this Territory, regarding the issuance, representation, transfer, and forced sale of stock, the collection of assessments, declaring and payment of dividends, and generally of all matters within the purview of their business purposes.