Arizona republican., 1900-07-06

The amount of the capital StOck au- thorized and the times when and con ditions upon which it is to be paid in are as follows: The amount of capital stock of this corporation shall be S50O.- 900. divided into 5000 shares of sl0O each. and shall be paid into said cor poration from time to time as the same is subscribed for either in cash or in property or in services. as may be de- termined by its board of directors; but no stock shall be issued by the corpora ton unless the same is fully paid, and when so fully paid and issued it shall be -assessable thereafter.
 ARTICLE V.
 The highest amount of indebtedness or liability to which this corporation is at any time to subject itself, or 70 be subjected, is the sum of $3300
 ARTICLE VI.
 The private property of the stock holders of this corporation shall at all times be exempt from the debts of the corporation.
 ARTICLE VII.
 The affairs of this corpora ton shall be conducted by a board of directors. composed of not less than three nor more than five persons. who shall be elected at the annual meeting of the stockholders of this corporation from among their number, which annual meeting shall be held in the City of Phoenix. Arizona. on the second Tues day in January in each year hereafter. at the hour of 10 o'clock in the fore noon. and the board of directors So elected shall hold their offices for the term of one year. or until their sue cessors are elected and qualified. Ths officers of the corporation shall be q president. vice-president. secretary and treasurer. who shall be elected from among the board of directors at the meeting thereof to be held each year. immediately after the annual meeting of the stockholders. The secre- tary and treasurer. or vice-president and secretary. may be one and the same person. Any meeting of the board of directors at which a majority shall be present shall be deemed a legal meeting and the acts of such meeting shall have the same force and effect as though done by the full board, whether the absent members of the board had notice of the meeting or not. The president shall be the executive officer of the corporation and shall sign all conveyances. contracts and other instruments relating to the sale or leasing or mortgaging of real property; salso all evidence of indebtedness shall be signed by him. Checks drawn on the treasurer may be signed by either the president vice president or secretary. The following named persons. subscrib- CTS to the capital stock of this corpOr- ation, shall be it's officers and directors until their successors are elected and qualified. viz: J. H. Burger, president and director: w. D. Boyle. vice-presi- dent, secretary and director; C. A. Kessler, treasurer and director.
 ARTICLE VIII.
 All vacancies that may occur in the board of directors or offices shall be filled until the next annual election by the members of the board of directors remaining in office. Any person who shall cease to be a stockholder of this corporation shall cease to be an officer and director therein. The board of directors may appoint such agent or agents as it may deem necessary or eX- pedient for the transaction of it's busi- ness; and the board of directors shall also fix the compensation of its officers, directors and agents employed in it's business. No person shall be eligible to the office of director or officer of the corporation unless he be at the time a stockholder therein. As soon as prac- ticable after the filing of these articles in the office of the county recorder of Maricopa county, Arizona. the persons herein above named as directors and officers of this corporation shall meet and adopt bylaws. and at any regular meeting of the directors they may make such rules and regulations as they may deem necessary for the proper transaction of the business of this corporation. consistent with these articles of incorporation and the laws of the United States and of the terri tory of Arizona.