The Arizona sentinel., 1891-07-11
NUMBER B.
III.

! Hds
 Fl. The place where this corporation proposes to have its principal office and place of busi- ness Is in the city or town of Yuma, County of Yuma, and Territory of Arizona
 ". Fhe amount or the capital stock of this corporation shall be three nliIIien Ii l$3,Gk Q00y dollars, divided into three hundred thousand (3O0, 0,G00) shares of the par value of ten (S15) dollars each, aHJ the time when ard the condi- tions upon which it is to be paid are as i9tlows, to-wit: The whole thereof imnedi- aietY up0n making the subscription therefor. ana the said stock shall be fully paid before pelng issued, and inaccessible thereafter
 V. 1 The amount of the parvalue of each share c. the capital stuck of this corporation shali ne ten (Sl0l dollars. VI. l Tine highest amount Of indebtedness or H- ability, direct or contingent, to which this , corporation is at any time to he subjected or to subject itself Is the sum ofone million doilars($1, : ,000,900 VII, The stockholders in this corporatIon. and their private property, shall be exempt from the corporate debts of this corporation.
 VIII.
 The affairs of th1s corporation are to be and they shall be, conducted by Board of Directors consisting of five persons who shall be elected annually by the stockhold- ers at such time azd manner aS shall be prescribed by the bylaws of this corpora ton, and all of whom shall be subscribers to the capital stock of this corporation, and hereafter no person shall be eligible to the office of Director unless he is stockholdex n fhn 1o.1 EE,4 T Board of Directors may elect such officer. and appoint such committee or committees from their own number, to aid in the man agerneGt of the bGsiaess, and in the con- ducting of the affairs of said corporation, 8 they may sec it, and vest in such officers and said committees all such power as they may deem expedient.
 The following named persons, who are subscribers to the capital stock of this cor pOration shall constitute the Board of Direc- tors Of this corporation until the first Wednesday of April, eighteen hundred and ninety-two C1S92) and until their suc- cessors, duly qualified, shall be elected, to-wit: George o. Glavis, Curtis Coe Bean, C. II. Dillingham;, D. K. Allen and J H., Carpenter.
 Any person ceasing to be subscriber shall cease to Do director, and hereafteF, if any director shall cease to be stock holder he shall cease to be director. Va cancies in the Board of Directors shall bs filled by the remaining members of ths Board
 Immediately, or as soon as practicable after the filing of these Articles in the office of the County Recorder in the County of Yur1a, Territory of Arizona, the persons named herein as directors to serve until the first Wednesday in April, eighteen hundred and ninety-two QS92). or until their successors, duly qualiGeu, shall be elected shall inset aud organize as Board of Directors, adopt bylaws and pre- scribe in said bylaws ths method of calling meetings of tue Board of Directors and stockholders,
 A majority of said directors shall be a quorum, and any meeting of said Board, at which quorum is present, shall be deemed a regular meeting and have the same au- thority as fuIl Board, whether notice os meeting to the absent members of the Board shall have been gi'en or not.
 IA.
 The Board of Directors of the corporation shall have power to establish bylaws and make all rules and regulations deemed ex- pedient for the management of tEe affairs of this corporatio' and the officers thereof, not with the constitution and laws of the United States and the laws of the Territory of Arizona.
 In witness whereof, we have hereunto set our hands and seals this second day of February. A. D. 1891.
 CURTIS Coz BEAN,
 CHARLES H. DILLISGHAH,
 D. K. ALLEN, Sesls,
 GEo2GE 0. CLAWS,
 J. H. CARPESTEB,