Arizona daily citizen., 1901-09-03

, after acquire; to secure payment ot suci
money with interest, or TO secure the
payment Of any debt of this corporation
. with such interest thereon as it may bt
legally obligated to pay.
| III.
I The amount of the capital stock of this
corporation shall be six thousand dol
lars divided into six hundred shares OF
the par value of ten dollars each, and
, the time when, and the conditions upon
, which it is to be paid are as follows, to
wit:
The whole thereof Immediately upon
making the subscription therefor,
~.
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 thereaf
ter.
The highest amount of indebtedness or
liability. direct or contingent, to which
this corporation is at any time to be
subject, is the srm of FIVE hundred thou
sand dollars (5O0,00O)
vi.
The stockholders of this corporation,
and their private property shall he rx-
empt from the corporate debts OF tins
| corporation.
The affairs of this corporation are to
! be, and they shall be, conducted by a
Board OF Directors consisting of five 90
persons, who shall be elected annually
by the stockholders, at such time and
manner as shall be prescribed by the by
laws of this corporation, and all ofwhom
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 stockholdsr i'll 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 i'll 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
|
| 18th day of January, 1902, and until
their successors, duly qualified, shall be
elected. to wit: j. h. Breathitt, Francis
NJ. Hartman, Henry Warnecke, John w.
Garden and E. r. Beuhring.
Any person ceasing to be a subscriber
shall cease to be a director. and hereaf-
ter, if any director shall cease to be
stockholder he shall cease to be direc-
| tor.
| Vacancies i'll the board of directors
shall be filed by the remaining members
of the board, or by vote of the stock
holders if the president shall call 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 II. Warnecke, Vice-President.
L. +. Beuhring, Secretary.
Immediately, or as soon as practic-
able after the filing of these articles in
| the office Of the county recorder OF Pima
County, Territory of Arizona, the per-
sons named herein as directors to serve
until January 18th, 1902. and until
their SUCCESSORS, duly qualified, shall be
elected, shall meet aRd organize as
board of directors, adopt bylaws and
prescribe in said bylaws the method OF
calling meetings Of the board OF direc-
| tsrs and stockholders. A majority OF
said directors shall be a quorum, and
any meeting Of said board at which a
quorum is present shall be deemed re-
gular meeting aud have the same autho-
rity as a 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 to establish by
laws and change the same, and make all
rules and regulations deemed expedient
for the management of the affairs of this
inconsistent with the constitution and
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
corporation. or that it may hereafter
become seized or possessed of, and to
grant options upon the same.
TX.
These articles of incorporation may be
amended at any time by a majority vote
of the stock of this company, at any re-
guiar or special meeting of the stock
holders of this corporation.
The stockholders of this corporation
representing majority Of the stock oi
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
corporation, (through it's proper Off.
ccrsl, to lease, sell, grant and convey
any and all property ofthis corporation,
or that it may hereafter be seized or pos
sessei of; and shall have the power to
grant options upon the same.
In witness whereof we have hereunto
set our hands and seals on this the sth
day of June. A, d. 1901.
Francis M. Hartman, (SeaD
Henry II. Warnecke, (Sean
]. b. Brcathitt, (SeaD
Territory of Arizona,
County of Pima.
On this. the 10th day of June, 1901,