The St. Johns herald. (St. Johns, Apache County, Arizona Territory [Ariz.]) 1885-1903, 1888-06-07


quirements of the statutes of said Terri
tory in this behalf, we and each of us do.
by these articles of incorporation de-
clare:
I. That the names of the incorpora-
tors of this corporation are, Henry Smith
Ernest Tee and Thomas Carson.
ii. That the name of said corporation
is the "Twenty-Four Cattle Company OF
Arizona"
: III. That the principal place OF bust
ness and the principal office of said cor
poration shall be at Saint Johns, Apache
County. Territory OF Arizona.
". That the enterprise, business pur-
suit, and occupation in which said cor
| peration proposes and intends to be en-
gagged are, the owning, buying and sell
ing, and the raising and dealing in cat
tie and horses in the Territories of Ari-
iona and New Mexico, and the owning,
buying and selling, and the leasing,
renting and dealing in real estate in one
or both of the said Territories.
V. That the total amount of the
capital stock of said corporation is
the sum of two hundred and ten
thousand dollars ($21O,OOO) to con-
sist of shares of the face value of one
hundred dollars ($10O) each. Said
capital shah be paid in at the following
times, towit: On the first day of Jam
uary, 1888, the total amount of the cap
ital stock, to-wit: The sum of $21O, 1000
shall be paid in, and in the following
manner and upon the following condi-
tons, to-wit: All the assets engaged in
the cattle business of the firm of Smith,
Carson & Company shall be deemed to
be said capital sum of $210, 900, and the
members OF said firm shall receive shares
of said capital stock in proportion to
their present individual interests in said
firm.
VI. That said corporation shall exist
and endure for the period of twenty-five
(25) years from and after the following
date, towit: January LIST, 1888.
VII. That the affairs of the said COR
poration shall be managed, controlled
and conducted by the following named
officers, thereof, to-wit: A Board of
Three Directors (but which said number
may be increased to not exceeding nine
by the bye-laws of this corporation)
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 be the sum of one hundred thous-
and dollars $500, 000.)
IA. That i'll 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, for, or against
said corporation.
Under and by virtue of these articles
of incorporation, under and by 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-
thority, 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-
Nv oh i.,If
(88) of the Revised Statutes of Arizona, |
1887.
II. To sue and be sued by the afore- |
said corporate name.
III. To have a common seal and alter |
the same at 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. To contract and be contracted |
with, acquire and transfer such proper
ty, real, personal and mixed, as may be
deemed necessary for the purposes and |
intent of said corporation in their cor
porate name, possessing the same pow
ers in UGH 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
fcers, 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.
X. 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
ton may establish fund and loan the