Arizona republican., 1897-10-02

Article V-The time of the con- mencement of this corporation shall be the date of filing of these articles in the office of the county recorder of Maricopa county, Arizona, and the time of the termination of the said corporation shall be twenty years af- ter said date.
 Article VI-The affairs of this cor poration are to be and they shall be
 conducted by board of directors consisting of three persons who shall
 be elected by the stockholders on the
 first Monday of October in each and
 every year to serve one year after
 such election and until their success
 sors are elected. The officers of the
 corporation shall be a president, vice president and secretary. The follow ing named persons who are subscrib- CTS to the capital stock of this cor poration shall constitute the board of directors thereof until the first Mon day in October, 1898, to-wit: S. P. Clark, J. s. Billiar and C. L. Clark. The officers of this corporation un- til their successors are elected are s. P. Clark, president; C. L. Clark, vice president, and J. s. Billiar, sec
 retary. The board of directors of this corporation shall have the full
 management or all the affairs and business and of all the property of | the corporation and shall have full power to enter into contracts or cause contracts to be entered into in behalf of the corporation and to
 lease or dispose of any of the proper ty and of the unsuOscribed capital
 stock of the corporation upon such terms and for such prices as to said board may seem proper. Two mem | bers of the board of directors shall | constitute a quorum to transact any of the business of the corporation, I ana when vacancy may occur in the boardNor in any of the offices of the corporation che remaining members l of the board of directors sGGll hava authority to fill such vacancy MeSr- | ings of the board may be had at any l time that a majority of the board or | the president may direct. The presi- l dent shall sign all the certificates of 1 the capital stock that may be issued i by this corporation and also all con- 1 tracts and other instruments neces-
 sary to be executed by this corpora 1 tion. The president shall also pre-
 side at all meetings of the board of l directors and of the stockholders; :; in the absence of the president the vice president shall possess all the powers of the president.
 The secretary shall keep a record
 of the proceedings of the board of di-
 rectors and of the stockholders of
 the corporation, and shall keep the
 stock books of the corporation and
 countersign all certificates of the
 capital stock issued by the board of
 directors.
 Article VII-The highest amount of
 indebtedness or liability to which
 this corporation is at any time to sub
 ject itself is five thousand dollars
 Article VIII-The stockholders of
 this corporation and their private property shall be exempt from the
 corporate debts of the corporation. Article IX-The board of directors of this corporation shall have full power and authority to adopt such bylaws as the board may deem nec- essary for the government of the cor : poration and board of directors, how ever, such bylaws shall not be in
 consistent with these articles of in : corporation or with the laws of the territory or of the United States.
 These articles of incorporation may
 be amended at any time by a major. l ity vote of the board of directors In Witness Whereof, the said in corporators have hereunto subscribed l their names this 30th day of Septem Der, A. D., 1S97
 , s. P. CLARK.
 J. s. PILLAR.
 c. l.. CLARK
 Territory of Arizona, County of Mari {, cOpa, Ss.
 5 Before me, J. L. B. Alexander, no 9 tary public in and for the county O l Maricopa, territory of Arizona, ol e this day personally appeared s. l. Clark, J. s. Billiar and c. l.. Clark ] known to me to be the persons who's , names are subscribed to the forego }; ing articles of incorporation and eacl r for himself or herself acknowledge = to me that he or she executed tn g same for the purposes and considera = tion therein expressed
 : Given under my hand and seal o f office this Both day of September, A S D., 1897.
 e (Seal) J. L. B. ALEXANDER, l. Notary Public