Holbrook argus. (Holbrook, Ariz.) 1900-1913, 1901-08-03

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or ~ ths satisfaction and discharge IF any
obligat ,on or obligations which may be in
CURED by said company. or ia any other law
sui manner which may be determined upoa
by the directors of said company.
All shares of stock when is ued shall lie
fully PAID and the same shall be forever non
| asseSsable.
FOURTH.
The time of the commensurate of sail CO..
poration shall be the date of the ttiing o1
these Articles of Incorporation III the Office
OF the County Recnrder o. the County OF
Navajo. in the Territory of Arizona, and the
time of the termination thereof shall lie
twenty five years from and alter the date OF
such ii ing.
FIFTH.
Section The officers by whom the affairs
of SSH company are to be cou- IL ,$od and
shall be fifteen directors, wh0 shall be annIi-
/ ally elected upon the FOUR II Mon,iay OF JAY;
/ PROVIDED, that the date of such annual cleo
] ii may be changed from time 10 time ny
/ bylaw of said company.
There shall also he President, Vice
2. esident. Treasurer. II General Manager,
and Secretary of said company, aud such
other officers as may be provided for by by
aw all OF whom shall tie elected or appo' mt
/ ed iii such manner, anj ct such times. and for
such terms as the bylaws lAty prescribe.
The directors shall sd Office TOR lie ycaJ
/ from the time of their election and until
/ their successors shall be e ected ana quail
! fed. Vacancies III the Board of Lirecto $
shall be filled by appointment by the board.
Any person SO appointed III I'll. u vacancy IN
the Board OF Directors shall holt CFllce tgilt.l
:he next annual election and until has sue
/ cessor shall be elected ami qualihei. no per-
son shall be director who shall not be at he
time OF II election or q. pOintment the hOiU-
! er OF one or more shares Of the capital stock.
SeetiOn2 ?. All elections of directors shall
be by ballot. and every stakeholder shall
have the right to vote in person or py proxy
the number of shares standing in his name
on the books OF said company, tor as man.
persons as there are directors to be elected
or 20 ciImulate said shares AMI give one IAN
didate as many votes as shall equal the mum
Der of directors multiplied by the number OF
his shares of stock, or to distribute them on
the same principle among as many candI-
dates as he shall MT.
The persons receiving the highest number
of votes shall be deemed elected directors.
Session 3. The following named persons
said company, to-wit: E. II. Brock, Boston:
Mass. DIR. ), L. Davis, Orleans, Mass; Daniel
Springfield, Mass; Edwin Lunt, Newberry-
port, Mass; Elmer Z. Jones, EGleld, n II. ;
W. Ii. Graves, Marblehead, Mass.; ". E. c,
Swan, Stoqghton, Mass; jas. Z. Simpson,
Lawrence, Mass; JAS ID. Simmons Warren,
K. l.; VIM: |. Dewson, Boston, Mass; Or. j. A.
Leet, Enfield, n. H.: Thresher A. RipDey,
Quincy, Mass; Christopher A. Pierce, Provi-
dence, k. l.; and james [. May, W ingate,
New Mexico; Said directors, hereby ap;
pointed shall hold oft;ce until the annual
election to be held tn fourth Monday in
July, 1902 and until their successors are
elected and qualified.
Said above named persons hereby APP
because of not holding any shares of the cap
ital stock of said company at the time OF their
appointment as such directors; but each OF
said directors 50 appointed shall become the
/ holder of one or more shares of said capital
stock within sixty days from the date of hese
Articles OF incorporation, or III default
/ thereof shall cease to be Il director VI henever
after said sixty. days his default continuing
J the Board of Directors shall declare his p.ace
vacant for such default.
Section 4. The assent of stockholders rep
resenting majority OF The issued and out
standing shares of the capital stock, given al
any meeting of the STOCKHOLDERS, regular Oh
special, or the written assent of the holder:
of two-t birds OF the issued ard outstanding
shares of the capital stock W heresoever giveI
shall be effectual to adopt, amend or repea
bylaws or to adopt, amend or repeal rule.
, or regulations for the management of the
) affairs OF said company.
Sections 5. The Board of directors at am
meeting, regular or special, may adopt
} amend or repeal bylaws providing for til;
time, place and manner of holding, calling
: and eonduetIng ANNUAL regular aud spccia
meetings of the stockholders and of the BoarC
of Directors, the number of stOckh OideTS cl
directors constituting d quorum the mode
of voting by proxy at stockholders meet
ins.s the time of the annual eIe. ton of di
I rectors and the mode and manner of giVin;
notice thereof, the compensation and Quite
of officers, the manner OF election and thu
terms of Office of all officers other than TIN
directors the transfer of the stock OF salt
company, and all such other bylaws an'
rules ANA regulations for the government o
said company and of the Board of Director
thereof the transaction of the business o
SAID company and the management OF its at
S fairs, might or could be adopted, aInende'
or repealed by the stockholders of said com
! pany: provided, that the stockholders, b,
, resolution passed at any stockholders meet
i ing may amend or repeal ans bylaw. or an
4 such rule or regulation, which may have beef
adopted by the Board of Directors and ma
re: olHe i'll whole or in part or abriGge the a,l
/ thority herein conferred on the Board o
= Directors to adopt, amend or repeal bylaws
:. and having revoked o. abridged such aUtho!
. ity may again confer the same by similar Ies
, olution, and may in like manner revoke o
=, abridge or reconfer such authority iroI
; time to time.
Section 6. The holders of twU-thirds OF tn
q issued and outstanding hares of the capita
y stock OF said company shall have power t
[ sell, assign, transfer and convey, or lease o
otherwise dispose of. all of is property. o
), to cause the Board of Dis ectp;'. 80 to DO
: that is to say. the Board Of Directors Sha
have power and it sh Ill be their duty, vile
q only they are so authorized AMI directed b
I the holders of twO-thirds of III issued an
g deuced by the duly authenticated vote {
- said stockholders al a ssocith JdeFS' meet
ing. or By The written assent or direction {
such Stockholders Wherever howeVe
= giveh, to sell, assign, transfer and con ey, O
lease or otherwise dispose of all and siugu
lar, the estate, assets, efe1tS, lands. frau
chises. and real and personal property an
rights of whatsoever nature description
and wheresoever situate of or belonging t
- said company, or which may be DecoI
. the property thereof or to the possession
use or control of which said company may !
or to any other coTpoY alton or corporation
wheresOeVer Incorporated or hereafter to /
Incorporated, for ssIch consideration coI
~ sidergtions rents as such tvo-thirtl, of i
)r stockh olders may determine upon. whethC
sr in money shares OF stock other obiig;
I'd ton or obligations of any othsr corporate
of or corporations, other property, al
whether by way OF consolidation with al
other corporation or corporations othe
r wise.
+ SIXTH.
Section l. That the highest amount of il
ld debtedness or liability. direyt or contingel
exclusive of its capital stocit) to which sai
company is at any time TO subject Itself. {
to be subjected is two hundred and iii
ia thousand dollars III gold coin OF the Unite
ne States.
nv Section 2 That said company shall ha,
~ power to issue sell and hypot a,.te It's bon,
in for the furtherance Of any Ent ali OF the pJI
r. poses for which said company = formed
he set forth in these Articles Of Incorporate
% or any amendment CIR amendments while
o} may be made thereto, and 20 secure SUE
nv bonds and other debts and Ol,ligoti MS of sa
rv company by mortgages, trust deeds
pledges of any or all of iss property; III
shall have power to create II >iul1nss fund /,
the pay.n nt of any of its bonds oeb5s or o.
o. legations.
Is SEVENTH.
i. - The private property of tha stockh1iJe
a. OF said company IS AID shall bU exempt fro
If corporate debts.