Arizona daily citizen., 1901-09-02

after acquire, 10 secure payment Ol SuCi
money with interest, or to secure tn,
payment OF any debt of this corporation
with such interest thereon as il may b.
legally obligated to pay.
III.
The amount of the capital stock of this
corporation shall be six thousand dol
lars divided into six hundred shares o
he par value of ten dollars each, anc
he time when, and the conditions upon
which it is to he paid are as follows, to
wit:
The whole thereof Immediately upon
making the subscription therefor,
IN.
The time OF the commencement of this
corporation shall be 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 thereat-
ter.
The highest amount of indebtedness or
Inability, 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 corporations
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
Board OF Directors consisting of FIVE (5)
persons, who shalt be elected annually
by the stockholders, at such time and
manner as shall be prescribed by the by
laws OF this corporation. and all of fwhom
shall be subscribers to the capital stock
OF this corporation, and hereafter no per-
son shall be eligible to the Office of direc
tor unless he is a stockholm 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 III 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 expedicnt.
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 successors, duly qualified, shall be
elected, to wit J. b. Breathitt, Francis
NJ. Hartman, Henry Warnecke, John W.
Garden and Il. +. Beuhring.
Any person ceasing to bc subscriber
shall cease to bc director, and hcreai
ter, il any director shall cease to be a
stoekholier he shall cease to he a direc-
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
ciai 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 II. Warnecke. yice-P President
Z. r. Beuhring, Secretary.
Immediately. or as soon as practic-
able alter the filing of these ARTICLES in
he Office of the county recorder al Pima
County, Territory Of Arizona, the per
SONS named herein as directors to serve
until January 18th, 1909. and until
their successors. duly qualified, shall be
elected, shall meet and organize as
board OF directors, adopt bylaws and
prescribe in said by ws the method OF
calling meetings of the board Of direc-
tsrs and stockholders. majority Of
said directors shall be quorum, and
any meeting of said board at which a
quorum is present shall he deemed re-
gular meeting and have the same autho-
rity aa full board. whether notice OF
the meeting shall have been given or not.
VIII.
The board of directors of this corpora.
ton shall have power 10 establish by
laws and change the same, and make all
rules and regulations deemed expedien,
for the management of the affairs of this
corporation and the officers thereof, not
inconsistent with the constitution and
laws of the United States and the laws
of this Territory.
The board of directors shall have full
power and authority to authorize and
ratify all contracts entered into by or
with this corporation, and shall have
power to bond, sell. lease, grant and
convey any or all of the property of this
or that ii may hereafter
become seized or possessed of, and to
grant options upon the same.
TX.
These articles of incorporation may be |
at any time by majority vote |
of the stock of this company. at any re-
gular or special meeting of the stock |
holders of this corporation.
The stockholders of this corporation !
majority Of the stock of
said corporation shall have full power
and authority to make and authorize
the execution Of all contracts on behalf
of the corporation. and shall have full
power and authority to authorize said
Through its proper Off
cers), to lease. sell, grant and convey
any and all property of this corporation,
or that it may hereafter be seized or pos
scssed of; and shall have the power to
grant options upon the same.
In witness whereof we have hcreunto
set our hands and seals on this the Sth
day of June. A. d. 1901.
Francis NJ. Hartman, (SeaD
Henry II. Warnecke, tSeaD
!. b. Breathitt, (Seni
Territory of Arizona,
County of Pima.
On this, the 10th day of June, 1901,
before NE, notary public in and for the