The Arizona sentinel., 1900-08-29

purchase, hold, own, sell, and hypOtheeate stocks and bonds of other corporations; and to do all other things necessary or incidental to the successful carrying on of any of the pur- poses and objects above named
 Article III. The amount of the capital stock of this corporation shall be twenty-five thou sand dollars C$25 ,OOO.00] divided into two hun dred and fifty (25O) shares of the par value of one hundred dollars ($1OO) each, and certif- cates therefor shall be issued payable by sub- scription and purchase, or for property eon- veyed or assigned to the corporation, or for services rendered the corporation may be approved or ordered by the bylaws or by res olution of the Board of Directors.
 Article ". The corporate existence of this company shall commence on the day of the filing of these articles ot incorporation in the office of the county recorder of the county of Yuma, in the Territory of Arizona, and shall continue for period of twenty-five (25) years.
 Article V. Said corporation shall not be indebted at any one time in higher or greater sun than twenty-five thousand dol lars ($25, ,000OU).
 Article VI. The corporate powers of said corporation and the conduct of the affairs and business thereof shall be vested in board of three directors, one of whom shall be presi- dent and one vice-president. The first Board of Directors shall consist of D. A. Lindley, Leila L. Wetherbee and Helen Lindley, who shall hold office until the first annual meeting ot stockholders, and until their successors are elected and qualified. The regular annual meeting of stockholders for the election of di- rectors and other business shall be held on the last Thursday in March in each year at Pa lomss, Yuma county, Arizona The Board of directors must elect president vice-presi dent, a treasurer and a secretary; but until the first annual election of directors the off cers of this corporation shall be: President, D. A. Lindley; vice-president, Leila Wether- bee; secretary, Mary L. Hunt. All the direc- tors must be stockholders of the corporation in or, CT to be eligible to election, and if di- rector shall cease to be a stockholder his office may be declared vacant by the Board of Di- rceJors.
 Article VII. The private property of the stockholders and officers of this corporation shall be exempt from all liability for debts of the corporation.
 Article VIII. The Board of Directors of this corporation shall have power to establish, make, amend, change and repeal bylaws, sub- ect to the approval of the holders of major ity of the capital stock, and to make rules and regulations for the conduct and management of the corporate business and affairs not in- consistent with the statutes or laws ot Arizona Territory. They snail have power to levy as upon the capital stock for the pur- pose of paying inde ebtedness or carrying on the business of the incorporation, and all such as- shall constitute liens upon the stock and SI1ch liens shall he enfOl ced ar fOrecIOSed IS may be prescribed in the by laws.
 In witness whereof we hereunto set our hands and seals this 4th cay of June, A. D. 9OO
 (Seall D. A. LINDLEY,
 [Seall LEILA L. WETHERBEE,
 [Seall HELEN LINDLEY.