Arizona republican., 1900-08-08

poration shall, before the same is is sued, be fully paid, and shall be non assessable thereafter. The certificates of stock and the water rights to be used and conveyed by this corporation shall be in such form as may be pre- scribed by the board of directors.
 ARTICLE V.
 The highest amount of indebtedness or liability to which this corporation is at any time to be subject or to subject itself is the sum of s66,O00.
 ARTICLE VI.
 Stockholders of this corporation and their private property shall be exempt from the corporate debts of this cor poration.
 ARTICLE VII.
 The affairs of this corporation shall be conducted by board of directors, consisting of three stockholders, who shall be elected annually by the stock holders on the second Monday in Jan uary in each year at the hour of ten o'clock in the forenoon, at the office of said corporation in Phoenix, Arizona. Said directors shall hold their office for the term of one year from the date of their election and until their sue cessors shall be duly elected and quail flied, unless they shall in the meantime cease 10 be stockholders in this cor poration, any person ceasing to be stockholder in this corporation shall cease to be a director or officer in the same. The following named persons, who are subscribers to the capital stoC . of this corporation, shall constitute the officers and board of directors of this corporation until the second Monday in January. 1901, and until their success sors shall be duly elected and qualified, viz: J. c. Wasson, president and di- rector; J. Ernest Walker, treasurer and secretary and director; M. w. Mes singer, vice-president and director. Vacancies in the board of directors or offices of this corporation shall be filled by the remaining members of the board of directors for the uneXpired term for which said members or officers were elected. A majority of the board of di- rectors shall constitute a quorum, and any meeting of the board of directors at which a quorum is present shall be deemed a legal meeting, and have the
 Ad Articles of Incorporation.
 same authority as a full board, wheth CT notice of the meeting shall have been first given to the absent members or not
 ARTICLE VIII.
 The officers of this corporation shall be a president, vice-president, secre- tary and treasurer, who shall be elect ed annually by the board of directors from among their number at the first meeting after the annual meeting of the stockholders; the vice-president and secretary or secretary and treas urer may be one and the same person. The president shall be the chief ex- ecutive officer of the corporation and shall have the general management of all it's affairs, subject to the approval of the board of directors. All certifi- cates of stock, bonds, notes, contracts. water rights, deeds and conveyances shall be signed in the corporate name by the president, or in his absence by the vice president and be countersigned by the secretary, and have affixed thereto the corporate seal. Checks may be drawn either by the secretary or president. The board of directors shall have the power and authority to ap- point any other agent or agents to aid in the management of its business and in conducting the affairs of said cor poration that they may deem advis- able, and may vest in such agent or agents such powers as they may deem expedient. And said board of directors shall have the power and authority to fix the compensation to be paid to the officers, agents and employees and di- rectors of said corporation.
 ARTICLE TX.
 The board of directors of this cor pora ton shall have the power to estab- fish bylaws and make all rules and regulations djeemed eXpedient for the of the affairs of this cor poration and the officers thereof, not with the constitution and laws of the United States and laws of Arizona, or these articles of in- 
 ARTICLE X. These articles of incorporation may be amended at any regular meeting or the stockholders, or any special meet ing of the stockholders called for that purpose, by a majority vote of the stock | represented at such meeting; and when such articles shall be amended as afore- | i'd, such amendments shall be signed | and acknowledged by the president of | this corporation, and shall have the | same effect as though signed and ac- by all the stockholders of | said corporation. In witness whereof, we have here unto set our hands this day of 4th day | of June, 1900.
 J. c. WASSON.
 J. ERNEST WALKER.
 M. W. MESSENGER.