The St. Johns herald. (St. Johns, Apache County, Arizona Territory [Ariz.]) 1885-1903, 1888-05-24


whose duty it shall be to elect such eX-
ecutive officers OF this Corporation as
may be prescribed by its bye-laws, and
said Directors shall be elected at the
following time, in the following manner,
and their respective terms OF office, shall
be as follows, to-Wit: The Directors of
this corporation shall be elected at a
general meeting of the shareholders
held on the first day of January in each
year, and shall hold office until the 1st
day OF January next succeeding.
VIII. That the highest amount of in
debtedness or liability to which said cor
poration at any time may subject itself,
shall he the sum of one hundred thous-
and dollars $500, 00D.)
*. That in no case, or at any time,
or for any reason whatever, shall the in
dividual property or any part thereof,
of any stakeholder. or shareholder OF
said corporation be liable to any attach
ment. Judgment, levy, suit, execution,
or other process or proceeding, for Or on
account OF any debt, claim, obligation.
demand or contract OF, fer, Or against
said corporation.
Under and by virtue Of these articles
OF incorporation, under and 10y virtue of
the laws of the Territory of Arizona in
this behalf, we, the said Henry smith,
Ernest Tee and Thomas Carson, incor-
pOrators, as aforesaid. and our success
sOrs, associates and assigns hereunder,
as such corporation, assume, have. and
possess the following powers, rights, au-
tiIOrity, privileges and immunities, that
is toSay:
l. OF perpetual succession, within the
limits and upon the conditions prescri-
bed IN paragraph two hundred and thir
ty-eight (F233). section nu:uhe eight
(98) OF the REVISED Statutes OF Arizona,
1887.
H. To sue and be sued by the afore-
said corporate name.
III. To have common seal and alter
the same ut pleasure.
~. TO render the shares, or interest
Of stockholders transferable and pre-
scribe the mode of making such trans
fer.
V. To exempt the private property OF
members, shareholders and stOckhold-
ers OF said corporation from liability for
the corporate debts thereof.
VI. 70 contract and be contracted
with, acquire and transfer such proper
ty, real, personal and mixed, as may he
deemed necessary for the purposes and
intent of said corporation in their cor
porate name, possessing the same pow
ers in uch respects as private individ
uals now enjoy by virtue OF the laws of
said Territory of Arizona.
VII. To establish bylaws and make
all rules and regulations deemed eXpe-
dent for the management of affairs, ac-
cOmplishment OF the intent and end OF
said incorporation, not inconsistent with
the laws and constitution OF the United
Statss, and the laws of said Territory OF
Arizona.
VIII. To appoint such subordinate Of
ficers, agents, employees and servants
as the business of said corporation may
require, and prescribe their duties and
compensation to relieve, discharge and
change the same at pleasure.
1X. For the purpose of making re-
pairs, building, enlarging or extending
works or TO meet contingencies, or for
the purpose of providing a sinking fund
for the payment of debts said corpora
tea may establish fund and loan the
same out from time to time, taking in
all cases good and sufficient security
for the slime. In testimony whereof we
hereuntp set our hands and seals this
the 17tk day of December 4. ID. 1887.
THOMAS CARSON.
ERNEST TEE.
HENRY SMITH.
The TERRITORY OF ARIZONA, CO
The County Of Apache.
On this, the 18th day of December A.
D. 1887, personally appeared before me,
w. s. Hill, Notary Public in and for
said County and Territory, Henry Smith,
Ernest Tee and Thomas Carson, known
to me to be the persons named in and
who executed the foregoing instrument
who, each of them, acknowledge to me
that he executed the same freely and
voluntarily. and for the uses and pur-
poses therein mentioned.
Witness my hand and seal
{ SEAL D of Office this, the 18th day
~ OF December A. d. 1887.
w. S. HILL,
Notary Public.