The Arizona sentinel., 1900-09-19

fully paid up; and when so issued by said board of directors said stock shall be forever non as. sessable and no personal liability shall attach to the holders thereof. ARTICLE FOURTH. This Corporation shall commence business when it's Articles of Incorporation are filled with the County Recorder of Yuma County, Territory of Arizona and shall continue for twenty five years thereafter. ARTICLE FIFTH. The affairs of the said Corporation shall be managed by Board of seven Directors. The first Board of Directors shall be- Stephen W. Dorsey, James M. Pearson, John P. Jones,
 William s. Allen,
 G. s. De Garmo,
 E. E. Powers and
 George Quigley, who shall hold their offices for period of one year from the date these Articles are recorded or until their successors are duly elected and qualified.
 At the expiration of the year above stated or sooner if the stockholders elect, a new Board of Directors shall be elected by the stockholders  thereof.
 ARTICLE SIXTH.
 The officers of the said Corporation shall con- sist of President Vice President Secretary, Assistant Secretary and Treasurer, and such other officers as the Board of Directors may from time to time determine
 The President and Vice President shall be members of the Board Of Directors and no "a stockholder of record in said Corporation, and failure to own or hold stock in said Corpora tion shall work forfeiture of the office of Di- rectors.
 In the event of the dsath, resignation, dis ability or disqualification of any director, the remaining members of the Board of Directors may fill the vacancy by the election of some bona fide stockholder.
 ARTICLE SEVENTH. The highest amount of indebtedness said Cor poration shall at any time create shall not ex- ceed the sum of three hundred and thirty thou sands dollars.
 ARTICLE EIGHTH. That ali private property of the stockholders of said Corporation shall be exempt from all debts of this Corporation.
 IN WITNESS WHEREOF we have hereunto set our hands and seals this First day of Sep tember A. D., Nineteen Hundred.
 STEPHEN W. DORSEY, (SeaD
 JAMES M. PEARSON, (Seal)
 Saate of California, ss
 County of Los Angeles. 90 On this First day of September in the year of our Lord nineteen hundred, before me- E. E. Powers, a notary Public in and for said Los Angeles County, residing therein, duly commits stoned and sworn, personally appeared Stephen W. Dorsey and James M. Pearson known to me to be the persons described in and whose names are subscribed to the foregoing instrument and they acknowledge to me that they executed the same for the purposes and considerations there in expressed.
 IN WITNESS WHEREOF, have hereunto set my band and affixed my official seal, at my office in the County of Los Angeles, the day and year in this certificate first above written.
 (SeaD E. E. POWERS, Notary Public in and for the County of Los An geles, State of California. Territory of Arizonn, ss
 County of Yuma. I, w. E. Marvin County Recorder in and for said county, do hereby certify that have com pared the within and foregoing instrument, and the same is full, true and correct copy of Arti- cles of Incorporation of "The Bonair Oil Con- pany" as the same appears of record of Book of Bonds and Agreements, page 62O ct sea-, in records of Yuma County, Arizona. In witness whereof have hereunto set my hand and affixed my official seal this 5th day of September, A. D. 19OO
 (SeaD w. E. MARVIN,
 County Recorder.