Arizona republican., 1897-10-05

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-Tyhe affairs of this cor poration are to be and they shall be conducted by a 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. Bil1iar and C. l.. Clark. The officers of this corporation un- til their successors are elected are $. 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 of 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 l terms and for such prices as to said board may seem proper. Two mem bers of the board of directors shall constitute quorum to transact any of the business of the corporation, and when vacancy may occur in the board or in any of the offices of the corporation the remaining members of the board of directors shall have authority to fill such vacancy. Meet ings of the board may be had at any time that majority of the board or the president may direct. The presi- dent shall sign all the certificates of the capital stock that may be issued by this corporation and also all con- tracts and other instruments neces- sary to be executed by this corpora 1 tion. The president shall also pre- ' directors and of the stockholders , in the absence of the president the l 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 Ytt AT rci icrr, oil 4J.- capital stock issued by the board oi 1 directors.
 Article VII-The highest amount oi 1 indebtedness or liability to which ! this corporation is at any time to sub- 1 ject itself is five thousand dollars. ] Article VIII-The stockholders oi this corporation and their private { property shall be exempt from the corporate debts of the corporation. ! Article IX-The board of directors i 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 i corporation or with the laws of the territory or of the United States.
 These articles of incorporation may be amended at any time by major ity vote of the board of directors.
 In Witness Whereof, the said in- corporators have hereunto subscribed their names this 30th day of Septem- Der, A. D., 1897
 s. P. CLARK
 J. s. PILLAR.
 | c. l.. CLARK
 Territory of Arizona, County of Mari
 copa, ss.
 l Before me, J. L. B. Alexander a mo- tary public in and for the county ot Maricopa, territory of Arizona, on this day personally appeared s. P 1 Clark, J. s. Billiar and c. L.. Clark known to me to be the persons whose names are subscribed to the forego- ing articles of incorporation and each for himself or herself acknowledged to me that he or she executed the same for the purposes and considera- tion therein expressed.
 Given under my hand and seal o1 office this Both day of September, A D., 1897.
 (Seal) J. L. B. ALEXANDER,
 Notary Public
 My commission expires July 30