Arizona republican., 1896-11-20

pay the same assnch lime or times. and with l uch rare or rmses If inte-t st as its mtAaGlng i oih'e CT f'cers nst.ii: tr"rer auii see fl snd to hypGGf catt. H. .rt1ag ''f p%a!g ali t.r any pArt q ihe IT leri! ct this corncIatlt'n. ! and ali CT any :.art 6 the property it i may hereafter rcuu to \: c'tre f.yn@nf of !, me Ii [" any 'fen oi hi te"rroratioa with su h intcrt>t H. 1eo es t my i'e leg ~y ob iga'ea to pAE. Tbe piece .Yi,ar. his .,:r3,ra i''n rrap'-' s ,' have it princ ,al t1ice and ,'las.e "' ois'n ss is the C!tv of -'i, enix, ill tha C,iin!y of Mai copa, Ter t;ly Of Arizo. a.
 Tha a..1 ,ant If tle c4pis4! stn' k of this cor p"rat'p. hali h. iftv Fnons.nd 6 0,00) Dol lars divided it. Fiy.. Hundred (5GQ) >.a.res. of the ,ar he of onr Hundred (S1@l) D liars each. sri Ire me wsan aTr the coN'iit;tns upon whi''. s,. ne paid are es follows, tn wit: Thv ~h'.le there # imn:sd dst"lv np, n hing tie s,lr-rr.tini. thersior; a d tt.a said stock shall i' fully riid before being issued. and unas: eesa' ie ttertrfter.
 V.
 The amount of the par va,ne n each share of the capitol sta'k nj thi, corporation hal: be One Hundred Siu0) Dollars.
 VI.
 The hisn st amount nj i1 'ebtedness or liabi.- ity, direct or con nsent. " lich this corp tiou is at any time ta ne subject IS the sim of Fifty Thorsspd ($5o,C0O Dollars.
 VII
 The st1 kaoliers ii this c0rpJfAtiDn, and their p-ivGs nrofertv, shall he eZeig: pt i:OTa the corporate 'Ieo@s of this cofLGrAtinn. VII
 The aff,ir3 os lilis corporation are anl they | shall te, c;.ndu tefi bg g Boa 1 Of D;Tsc DTS | consisting of three @ persons, who shall be | elected p btA 1O!IprS | time sDd m amer as shall be prescribed by the By Laws Of ths cOrporatlon. nnd all of whom i shall be subscribers to tn capital stock of this i corporation, and hereafter no person shall De eligible to tha 0flice of Director unl: ss he IS 8 1 stocAh li,r Tn the corporation; provided, that l said Board of Directors may elect such officer 1 or offer aud appoint such committee or com mitse-s, from their own nu oi Der, to aid in the mana cement of the business, and ln the con ducting of the affairs of sad corpoTation, as 1 they may e fl, and vest in such officer or off 1 cers ana said committee or committees all such powers they may deem expediert. i The following named p srsoAs, who are sub scribers to the pital stock of this coIpOr ion, shall constitute the Board of Direc: ors of this corporation unti! November g, 1897, or until their successors dnly qn lifted, shall be elected to wit: VI. Evans, Thomas Armstrong Jr and J. 2. A ans: Any person ceasing to be n stOckholder sh .li cease to be dirt ctor. | Vacancies in the 5oard of Directors shall he flied by ne remaining mem CTS of the board Immediately. Or as soon as IT ractlcr Die after the nl1ng or tnfSe ArtlCleS III the once OI tHt County Recor CT of the County of Maricopa Territory of A-iz ,na, the persons named here in HIS Directors to serve until November g. 1897 or until her su cessor or successors. duly qualified, sha he elected shall meet and org anize ss a Board of Directors adopt Bylaws a preser. be in said Bylaws the method oi calling meetings of the Board Of Directors ard stockholder-. \ majority of said Director, shall be a quorum, and any meeting of said Boa d st which quorum is present shall be l deemed regu ar meeting and hay: the same authority as a full Board, whether , notice of the meeting to the absen. members O the Board shall have been gwen or not. TX.
 ' The Board of Directors of this corporatioI , shall have the power to establish By Laws anG 7. make all rules and regulations deemed expe dient fo. the management of the affairs of thi corporation ard the officers thereof, not incon 3 sistent wi the constitution and laws of tn ) United StsIes and the laws of this Territory.
 IN WITNE5S WHEREOF, we have hereunt
 set our hands and seals this 9th day of Novem
 Der, 1896.
 J. w EVASs, ,fsa,Donc I'D 3eal'l