Arizona republican., 1896-11-18

pay the same ct such time nr times, and with hucn rate or rates of inter st as it's ,nhLaging omcer or ofhcers deem cIc|ef s.ite see i.; and to nypotnecate, mortyng o' ple'.g al. for any and all or any part 0. the prote:.y it may hereafter acquire: to soc:ira plymeut of such money with interest, r to secure h. pay ment of any deht of thi' cnrrn.ntion with such interest thereon asit may ne leg fly obiig ;en to pay.
 The place where this aarDorsti3n ..r,r,e.,s .o have it's princi pal office and place O. ni,>,Ness IS the City of Phoenix, iu the County of Mari copa, Territory of Arizo..t-.
 The amount of thA capltsl stock of this cor porat:on hall be fifty Tnonsand 6 OJ,) Dol lars, divided into Five tiundred (5O0) mares. of the par value of One Hundred (flOG liars each, and the tune when aat the cou.tiIi ms upon " hl3n It IS to be paid es follows to wit: The whole thereof im,ntd nt,ly up:n making the suoscription therefor ni tne said stock shall b. fully pai. bAftre beirg issUed i and inaccessible JhereafteI.
 The amount of the par value o' each shore of the capital stn'k nt this corporation shal. be One Hundred (sl0O) D Dolars
 VI.
 The highest amount mi in lebtedness or iiabi!- l | ton Is at any time t, ne subject IS the sum of Fifty Thousand (s5e,G00) Dollars. | VII
 | The stockholders in this corp )rttion, and their private property, shall be exempt from l the corporate debts of this corporation
 VII
 The affairs of this corporation are and they | shall be, cCndu ted by d Bead of Direc ors consisting of three @ persons, who shall be elected annually by the stockholders, it such time and manner as shall De prescribed by the Bylaws of this corporation. md all of whom i shall be subscribers to tn capital stock of this 1 corporation, and hereafter DO persou shall De | eligible to the office of Director nnl ss he is 6 1 stock holder in the corporation; provided, that said Board Of Directors may elect such officer or officers and appoint such committee or com mlttees, from their own nu I Der, to aid 1n the management Of the business, and iii the con ducting of the affairs of sad corporation. as they may fiji, and vest in such officer off cers and said committee or committees all such powers as they may deem expedient.
 The following named p rsons, who are sub scribers to the capital stock of this coIpOr tlon shall constitute the Board of Direci iors of this corporation until Novemb Der 9, 1897, or until their successors duly qualified, shall be elected and J. c. Adams Any person ceasing to be a stockholder shall cea ase to be director. ' Vacancies in the Board of Directors shall he | filled by inc remaining memt CTS of the board
 Immediately. or as soon as rrActics be aftel the tiling of these articles in the office ot tht County RecOr CT of the County of Maricopa Territory of Ariz ,na, the pel sons named here in us Directors to serve until November g. 1897 or until their successor or successors. duly qualified, shal be elected shall meet and organize ss Board of Directors adopt By Laws aud prescribe in said Bylaws the method O calling meetings of the Board of Directors art stockholders. A majority of said Director shall be quorum, and any meeting of saiG Board at which a quorum is present shall bt l deemed a regu ar meeting and hay, the same authority as full Board, whetnel notice of the meeting to the absent members o the Board shall have been gwen ot not. ' The Board of Directors of this corporation , shall have the power to establish By. LAWS ant make all rules and regulations deemed expe dient for the management of the affairs of thi ' corporation and the officers thereof, not iucon 3 sistent with the constitution and laws of tn ) United States and the laws of this Territory.
 IN WITNESS WHEREOF. we have hereuut set our hands and seals this 9th day oi Novem
 Der, 1896.
 ]. w. EVANS. Seal
 THOS. ARMSTRONG, JR. fSeaLl
 J. c. ADAMS, [5eal.