The Coconino sun., 1901-01-26

thereof shall be twenty-five (.1) years after the date of said filing unless the same be re- newed pursuant to the laws of Arizona before the termination thereof.
 ARTICLE VII
 Ths affairs of this corporation shall be con- ducted and managed by a Board of nine (9) Directors all of whom shall be stockholders of this corporation, and the first Board of Di- rectors shall be elected at the first meeting of the stockholders held for the purpose of or gaEizing this corporation after the filing of these Articles of Incorporation, and the said first Board of Directors so elected shall hold office until their successors shall be elected at the first annual meeting of this corporation held upon the date in these articles provided.
 ARTICLE VIII.
 The officers of this corporation shall be a President, a Vice-President Secretary, a Treasurer and such other officers and agents as the Board of Directors may deem necessary for the proper transaction of it's business and may provide for. The President and Vice. President of this corporation shall be mem bers of it's Board of Directors. All officers of the corporation shall be elected by the Board of Directors, immediately after the annual election at which each Board of Directors shall be elected. Any vacancy in the Board of Di- rectors may be filled by the election of a Di- rector to fill such vacancy by the remaining members of the Board of Directors; all officers elected by the Board of Directors shall hold office at the will and pleasure of the said Di- rectors, and any vacancy in any office may be filled by the Board of Directors
 ARTICLE TX
 The regular annual meeting of the stock holders of this corporation shall be held on the first Tuesday after the first Monday in Octo- Der of each year, at which time Board of Directors shall be elected to serve for the en- suing year, and any and all other business of the corporation coming before said stockhold- CTS meeting may be considered and acted upon.
 ARTICLEX.
 This corporation shall have an office for the transaction of its business in the City of Los Angeles, County of Los Angeles, State of Cali fornia. and its Board of Directors may meet and transact the business of said corpora lion at it's said office in the said City of Los An geles.
 ARTICLE XII
 The Board of Directors of this corporation shall have the power to establish bylaws and make all rules and regulations deemed neces- sary or expedient for the management of the business and affairs of this corporation and fol the control of the officers thereof, not incon- sistent with the law and these Articles of Ip- corporation.
 ARTICLE XII.
 The highest amount of indebtedness or lia- bility, direct or contingent for which this cor. poration shall at any time be liable, shall not exceed Twenty-Five Thousand Dollars CS25, O0O.O0)
 ARTICLE XIII The private property of the stockholders O. this corporation shall be exempt from all cor porate debts and liabilities of every kind: and the stockholders of this corporation are here by exempted from all liability for any of tn, debts or liabilities of this corporation.
 ARTICLE XIV.
 The Board of Directors shall have the powe to dispose of all the property of this corpora tion whenever authorized to do so by at leas three e-fourths of the capital stock outstandin, voted at some regular or special meeting O the stockholders; but no such action shall b taken unless thirty days notice in writing i given by mail to each stockholder cailin such meeting and stating the business to b transacted thereat. This Article is not to b construed as limiting the authority of th Board of Directors to sell and dispose of an part of the property of this corporation in tn regular course of business less than the who'll thereof whenever in their judgement it may b deemed best to do so, nor shall it limit tn power of said Board of directors to incumber lease or otherwise handle any of the propert of this corporation in the regular course o business; and the Board of Directors shall hay power to borrow money and acquire propert for this corporation and execute corporat notes or bonds of the corporation therefor and to secure the payment of the same b mortgage on the property of the corporation or in any other manner designated by law, O by the Bylaws of the corporation, and to d and perform all acts. necessary in managin and carrying on the business of the corpora tion. II ARTICLE XIV.
 The capital stock of this corporation shal be forever non -assessable. and each certiicat thereof shall state upon it's face the number c shares represented thereby and that the sam is forever non-assessable.
 : ARTICLE XVI
 These Articles of Incorporation may b