Holbrook argus. (Holbrook, Ariz.) 1900-1913, 1901-02-02
ARTICLE ".

The time of the commencement of said
corporation shall be the date of the filing of
of the County Recorder of the County of
| Navajo in the Territory of Arizona and the
time of the termination therof shall be
twenty-five years from and after the date of
/ such filing.
ARTICLE V.
| SECTION 1. The officers by whom the af-
| fairs of said Company to be conducted
are and shall be nine directors, who shall be
annually elected upon the fourth Monday in
January; provided that the date of such an
nual election may be changed from time to
time by bylaw of said Company. There
shall also be a presid dent, vice-president, a
treasurer, general manager and secre-
! tary of said Company, and such other Off
GERS as may be provided for by bylaws, all
/ of whom shall be elected or appointed in
snch terms as the bylaws may prescribe
The directors shall hold Office for one year
from the time of their election and until
their successors shall be elected and quail
! fed. Vacancies in the Board of Directors
! shall be filled by appointment by the Board.
/ Any person so appointed to fill vacancy in
the Board of Directors hall hold office until
the next annual election and until his sue
cessor shall be elected and qualified. No
person shall be a director who shall not be
at the time of his election or appointment
the holder of one or more shares of the
capital stock.
SEC. 2. All elections of directors shall be
/ by ballot, and every stockholder shall have a
right to vote in person or by. proxy the
number of shares standing in his name on
the books of said Company, for as many per-
/ sons as there are directors to be elected, or
! to accumulate said shares and give one can
didate many votes shall equal the num-
Der of directors multiplied by the number
/ of his shares of stock, or to distribute them
didates as he shall see fit. The persons re-
| ceiving the highest number of votes shall be
deemed elected directors.
SEC. 3. The following named persons are
hereby appointed and are directors of said
Company, to-wit: A. FL. Frost G. II. Rippey,
Philip Morse. George H; Ballou, George y.
oil MaffA hon
May, Ernest RIAL and Clarence Wood. Said
directors hereby appo nted shall hold office
until the annual election to be held on the
fourth Monday in Jaunary, 1902; and until
their successors are elected and qualified.
Said above named persons hereby appointed
directors are not ineligible as such becaase
of not holding any shares of the capital
stock of said Company at the time of their
appointment as such directors; but each of
said directors appointed shall become
the holder of one or more shares of said
capital stock within sixty days from the
date of these Articles of incorporation,
in default thereof shall cease to be a direc-
tor whenever after said sixty days. his de-
fault continuing, the Board of Directors
shall declare his place vacant for such de-
! fault.
SEC. 4. The assent of stockholders repre-
! senting a majority of the issued and out
standing shares of capital stock, given at
any meeting of the stock holders, regular or
| special or the written assent of the holders
| of two-thirds of tine issued and outstanding
! shares of the capital stock wheresoever
given; shall be effectuall 10 adopt, amend or
! fepeal Dy-laWS. OF TO ADOPT, amend or repeal
rules or regulations for the management of
the affairs of said Company.
| SEC. 5. The Board of Directors at any
meeting, regular or special. may adopt,
| amend or repeal bylaws providing for the
/ time, place and manner of holding, calling
and conducting annual regular and special
Board of Directors, the number of stock
/ holders or directors constituting quorum
ers' meetings. the time of the annual cleo
! ton of directors and the mode and manner
of giving notice thereof, the compensation
and duties of officers. the manner of election
and the terms of office of all officers other
than the directors, the transfer of the stock
of said Company and all such other bylaws
and rules and regulations for the govern
meIrt of said Company and the Board of Di-
rectors thereof. the transaction of the busi-
of its affairs, as might or could be adopted:
! amended or repealed by the otpckholders of
said Company; provided, that the stock
I holders by resolution passed at any stock
holders NEE ing may amend repeal any
bylaw or any such rule or regulation, which
may have been adopted by the Board of Di-
rectors. and may revoke in whole or in part
or abriige the authority herein conferred
on the Board OF Directors to adopt, amend
or repeal bylaws. and having revoked Or
abridged such authority may again confer
the same by similar resolution, and may in
like manner revoke or abridge reconfer
such authority from time to time.
SEC 6. The holders of two-tmrds of the
issued and outstanding shares of the capital
stock of said Company shall have power to
SELL assien transfer and convey, or lease or
otherwise dispose of all its property, or to
cause the Board of Directors so to do, that
is TO say, the Board of Directors shall have
power and it sh al be their duty, when only
they are so authorized and directed by the
holders of two-thirds of the issued and out
standing shares of the capital stock of said
Company, evidenced by the duly authenti-
.-eated vote of said stock kho 'ders at a stock
holders meeting or by the written assent or
direction of such stockholders, whenever or
however given, to sell, assign, transfer and
convey, or lease or otherwise dispose of all
and singular the estate. SETS effects, lands,
franchises and real and personal property
and rights of whatsoever nature or descrip-
ton, and wheresoever situate, of or belong
ing to said Company, which may or be-
come the property thereof, or to the possess
sion, Use or control of which said Company
may be or become entitled to any person or
persons, or to any other corporation or cor
porations. wheresoever incorporated or
hereafter to be Incorporated for such con-
sideration considerations rents
such two-thirds of the stockholders may de-
termine upon whethet in money shares
of stock or other obligation obligations
of any other corporation corporations, or
other property, and whether by way of con-
solidation with any 9th corporation or
corporations otherwise
ARTICLEyI.
SECTION 1. That the highest amount of in
debtedness or liability direct contiu-
CERT (exclusiye of its capital StOck), to which