The St. Johns herald. (St. Johns, Apache County, Arizona Territory [Ariz.]) 1885-1903, 1888-05-17

thousand dollarsEs ($210,O00) to con-
sist of shares of the face value of one
hundred dollars ($1OO) 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 $210, 900
shall be paid in, and in the following
manner and upon the following condi-
tions, 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, 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
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 LIST
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 0OO.)
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 i
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:
1. Of perpetual succession, within the |
limits and upon the conditions prescri- |
bed in paragraph two hundred and thir- |
ty-eight (P235), section number eight |
(S8) 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. |
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 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.
TX. For the purpose of making re-
pairs, building, enlarging or extending
works or to meet contingencies, or for
the purpose of providing sinking fund |
for the payment OF debts said corpora
ton may establish fund and loan the
same out from time to time, taking in
all cases good and sufficient security
for the same. In testimony whereof We
hereunto set our hands and seals this
the 18th day of December A. D. 1887.
THOMAS CARSON.
ERNEST TEE.
HENRY SMITH.
THE TERRITORY OF ARIZONA 40