Arizona republican., 1892-03-22

pledge O. hypotbeeste any of the game for th. purpose of iurlhe1lng said scheme. To raise sell ana buy sugar beets and other productions to make, buy or sell sugar molasses, candy, etc etc.
 The amount of capital stock of this corpora ton shall be Five Hundred ThOus0nd Dollars iS5O,OoO divided into fifty thousand snare, C0.0OO) ofthe par value of Ten Dollars tSl0) each and the times when, and the conditions upon which 1t is to ba paid. are as follows Each subscription for stock shall be paid in whole or in part at the time of making subscrip ton therefor, as the Board of Directors shall direct bu. each subscriber for stock shall make such subscription subject to such rules as to the payment therefor as may then or thereafter be ordered oy the Board of Directors
 FOURTH.
 The time of the commencement of this corpor, atisn shall be the day of the filing of these aaticles Of incorporation in the office of the county recorder of Maricopa couny, Arizona territory, and the termination thereof shall be twenty hve years thereafter.
 The affairs of the corporation are to be con ducted by n Board of Directors consisting of five persons being stockholders in the corporation.
 SIXTH.
 The first Board of Directors are to be elected by the stockholders or those who have subscrib- ed for stock on the books Of the com pany at any regular meeting which may be called by a ma JOrlty or these lncorp0ratOrs for that purpose, who shall hold their office until the first annual meeting of the stockholders and until their sue cessors are elected and qualified, and thereafter the Board of Directors shall be elected at the annual meeting ef the stockholders. The an nual meeting of the stockholders shall be on the second Monday of the month of March in each year. but such time of meeting may be changed by the stockholders at any such annual meet ing.
 The officers of the company shall be q presi- dent, treasurer and secretary, each of whom shall be stockholderand member Of the Board of Directors, except the secretary, who need nos be either, but who can be elected and dis missed at the pleasure of the Board ot Directors. No person shall be director who is n It stock holder and shall cease 10 be q member of the holder, and vacancies that may happen at any time after the election Of the board may be filled by the remaining members of the board. majority Of the Board of Directors shall constitute quorum and may appoint their own time and place of meeting.
 SEVENTH.
 The highest amount of indebtedness or lisbil- ity to which the corporation is at any time to subject itself,is the sum of Five Hundred Thous- and Dollars
 EIGHTH
 The highest amounto of indebtedness or liabil- ity, direct or contingent, to which this corpora. tiou Is at any time to ne subjecl is the sum of rive Hundred Thougand Dollars.
 NINTH.
 The stockholders in this corporation and their private property shall be exempt from the cor porate debts of this corporation.
 TENTH
 The Board of Directors shall have power to establish by laws and make all rules and regu- aiOns deemed eXpedient for the management of the affairs of thus corporation not inconsist- ant with the Constitution and laws of the Unit ed States and the laws of this territory. Witness our hands snd seals this fifteenth day of March, A. D., 1892.
 CHARLES D. PosToN, (seal
 CHARLES GOLDMAN, (sea)
 MICHAEL W oRMSER (seaD
 -- lseaD