The St. Johns herald. (St. Johns, Apache County, Arizona Territory [Ariz.]) 1885-1903, 1888-06-14

and immunities bestowed by Law upon
bodies corporate, do now make and sub
scribe these articles of incorporation,
and herein and hereby voluntarily and
mutually associate and incorporate our
selves together for the purpose OF being
and becoming a corporation under the
laws of said Territory.
In compliance with the several re-
guirements of the statutes of said Terri
tory in this behalf, we and each Of us do,
by these articles of incorporation de-
clare:
l. That the names of the incorpora
tors OF this corporation are, Henry Smith
Ernest Tee and Thomas Carson.
IL. That the name of said corporation
is the ''Twenty-FOur Cattle Company Of
Arizona"
Ill. 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
poratlon 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 ($2lO,OOO) to con-
sist of shares of the face value of one
hundred dollars ($i00} each. Said
capital shall be paid in at the following
times, to-wit: On the first day of Jan
uary, 1888, the total amount of the cap
ital stock, to-wit: The sum of $4,000
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 $4,000, and the
members of said firm SHAH 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, to-wit: 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
may be increased to not exceeding nine
by the bye-l;tws 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 he 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
wear, 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 ($100,00O.
TX. 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, 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-
or nd
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-
ty-eight (P233), section number eight
(@8) of the Revised Statutes of Arizona,
1887.
II. To sue and be sued by the afore
said corporate name.
III. To have 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,
Y. 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 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, &C
complishment of the intent and end OF
said incorporation, not inconsistent with
the laws and constitution of the United
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