Arizona daily citizen., 1901-08-29

such rate or rates of interest as its Board
of Directors deem proper and see fit; and
to hypothecatc, mortgage or pledge al
or any part Of the property of this cor
poration and all or any part of the pro-
perty which this corporation may here
after acquire; to secure payment of sucf
money with Interest, or to secure ths
payment of any debt of this corporation
with such interest thereon as it may bs
legally obligated to pay.
Ill.
The amount Of the capital stock Of thi:
corporation shall be six thousand dol
lars divided into six hundred shares o
the par value of ten dollars each, and
the time when, and the conditions upor
which it is to be paid are as follows, to
wit:
The whole thereof Immediately upon
making the subscription therefor,
T. ".
The time Of the commencement OF this
corporation shall he the day OF the filing
of these articles in the office of the coun'
ty recorder of Pima county, Territory
Of Arizona, and the termination thereof
shall be twenty-five (25) years thcreaf-
ter.
The highest amount of indebtedness or
liability. direct or contingent, to which
this corporation is at any time to be
subject, is the sum OF FIVE hundred thou
sand dollars $500, ,00O)
vi.
The stockholders of this corporation,
and their private property shall be ex-
empt from the corporate debts of this
corporation.
The affairs of this corporation are to
be, and they shall be. conducted by a
Board of Directors consisting of FIVE (5(
persons, who shall he elected annually
by the stockholders, at such time and
manner as shall be prescribed by the by.
laws of this corporation, and all of whom
shall be subscribers to the capital stock
of this COZ poration, and hereafter no per
son shall be eligible to the office of direc.
tor unless he is a stockhold,r in the cor
poration; provided, that said board Of
directors may elect such officers and APP
point such committee or committees,
from their own number, to aid in the
management of the business, and in the
conduct of the affairs of the said corpo-
ration, as they may see fit, and vest in
such officers and said committees all such
powers as they may deem expedient.
The following named persons who are
subscribers to the capital stock OF this
corporation, shall constitute the board
of directors of this corporation until the
18th day of January, 1902, and until
their SUI, cessors, duly qualified, shall be
elected. to wit: J. II. Breathitt. Francis
NJ. Hartman, Henry Warneche, John w.
Garden and Il. r. Bcuhring.
Any person ccasing to be n subscriber
shall cease to be a director, and hereaf-
ter, if any director shall cease to be a
stockholder he shall cease to be dircc-
tor.
Vacancies in the board of directors
shall be filled by the remaining members
of the board, or by vote of the stock
holders if the president shall call a spe
cial meeting.
The officers of this corporation shall
consist of President and Treasurer,
Vice President and Secretary
The following named persons shall be
the officers of this corporation until the
said 18th day of January, 1902. and
until their SUCCESSORS, duly qualified,
shall be elected. to wit:
Francis NJ. Hartman, President and
Treasurer.
Henry n. Warnecke, Vice-President.
Il. +. Beuhring, Secretary.
Immediately, or as soon as practic-
able after the filing of these articles in
tire Office of the county recorder of Pima
County, Territory Of Arizona, the Eer-