Arizona republican., 1901-05-12

Thomas r. Cosgrave, who has sub
 scribed for five shares. es...............$5 Charles H. Petty who has subscribed
 for five shares. .,......... ........S5 W. s. Conner who has subscribed for w. A. Moore, who has subscribed for
 i've shares. ........ ................S5 J, w. Bearup, J., who has subscribed
 for five shares ........ ............ $5 r. w. Mugler. who has subscribed for
 live shares .......... ............. ..S5 Robert L. Hargrove. who has sub
 scribed for five shares es.............$5 J. A. Dyer, who has subscribed for
 five shares ................. ...h....$5 John R. Richardson. who has sub
 scribed for five shares. ...... .......s5 J. G. Roberts. who has subscribed for
 five shares ............... ........ ...$5 Harry Plate, who has subscribed for
 five shares .........,.... ........ ...S5
 Ninth.
 That said corporation shall commence to exist on the fifteenth day of May, 1901. and shall terminate on the ff- teenth day of May. 1926
 Tenth
 nat lDe olilttlV anu DtISOIS ny whom the affairs of said corporation are to be conducted are as follows, to- wit:
 Said corporation shall have eleven CID directors. Said eleven CID direct ors shall elect among their number the following officers of said corporation, to-wit: A president. vice-president, secretary and treasurer. and may appoint such other officers as they may choose and determine
 Eleventh
 The times at which said officers or persons by whom the affairs of this cor poration are to be conducted. shall be elected. are as follows. to-wit:
 There shall be regular annual meet ing of the stockholders of this corpora ton on the second Tuesday of May of each year from and after the first Tues day in May. 1901, which shall be the day of the first stockholders meeting. at which meetings of stockholders. or If directors be not elected at such meet ingo then at any meeting to which the same may be adjourned. the directors of said corporation shall be elected for the ensuing year. If the second Tues day in May In any year falls on a holi- day, such meeting shall be held on the succeeding day. The meetings of the stockholders shall be In the said town of Madera, until otherwise determined or changed by said stockholders. In case of vacancy the remaining direct ors may fill the vacancy for the unex- pred term. The president. vice-pres- ident, treasurer and secretary of said corporation shall be elected by said directors at their first meeting held af- ter the election of said directors. by the stockholders of said corporation, or if sad officers be not elected at such meeting, then at any meeting to which the same may be adjourned. The trans fer of the shares of stock of said corpo- ration may be made by simple in- dorsement on the back of the certificate. The stockholders may adopS such by laws as shall not be in conflict with the laws of the United States and the Ter. ritory of Arizona. The directors shall have the right to appoint such officers as they may choose and determine. to hold at the pleasure of the directors. A l majority vote of the directors shall be necessary to act in any matter apper- taining to this corporation, but said di- rectors may delegate powers to officers and agents.
 Twelfth.
 That the highest amount of indebt- edness or liability to which the corpor- alton is at any time to subscribe itself shall be and is the sum of two hundred thousand ($2OO.OOO) dollars.
 Thirteenth
 That all private property of all of the stockholders of said corporation shall be exempt from corporate debts, and no creditor of said corporation may pur- sue, or have any claim upon, any other than the property of. said corporation, and the stockholders of said corporation shall not be liable