Arizona republican., 1901-02-17

Thousand Dollars (S300 GOOD and the
 number of shares into which said cap
 ital stock i9 divided is Three Hundred Thousand Shares (3OOOOO) of the par
 value of One Dollar C$l.00 per share.
 the value of which stock is to be paid
 in cash CT upon such installments as the directors may provide, IF in real or
 personal property. or contracts, or
 agreements. or in labor, or in machinery
 or merchandise or materials, in dhe dis
 erection of the board of directors upon
 the issue and delivery of said stock
 fror. time to time. Preferred shares
 of stock may be issued upon such
 terms and conditions as may be pro-
 vided in the bylaws.
 Fourth: That the time of the com
 mencement of said corporation shall
 be from the date Of the fling of these articles fo. record in the office of the county recorder of Maricopa county. Territory of Arizona, and the time of
 the termination of said corporation shall he Twenty five (2j) years there after.
 FiN;h: That the officers or persons authorized tg conduct. manage and control the business and affairs of the said corporation shall consist of the stockholders holding two-thlrds (2-3) In amount of the outstanding capital stock If the corporation. and she board of directors composed of such number of members, to be chosen by the stock holders as may be provided in the by laws of the corporation. The original bylaws shall b. ad yTted by the vote OF signature of the stockholders holding tWo-thirds (2-3) of the subscribed cap ltal stock. Any resolution adopted by the holders of tWO-thirds (2-0 in amount of the outstanding stock, whether adopted by vote or OH sigma ture of such Vo.srs without d meeting, shall absolutely control the affairs of the corporation and the tenure of of flee of it's directors and officers, so far as indicated in such resolution. The board of directors shall have the man. agement and control of the corporation subject t0 such resolution or votes of the stockholders Is aforesaid, The names f the persons appointed to serve as directors until their success sors are elected are John r. Cunning ham, Edward Savage Mortimer say age Walter Storey, Samuel F. Cald- well, Edward F. Young and David c. 
 The stockholders shal met annu- ally at such time an1 place as may be provided by the by-lawS for the pur- D SC of the election of dirsctors, sub ject to such resolutions or votes of the stockholders as aforesaid.
 The directors shall meet monthly at such time and place as may be provld- 'd by the bylaws and subject to such 'csolutiors or votes f the stockholders IS aforesaid and said directors imme- iatelv after their election snail organ ze by the election fir n among heir number of president md vice-prcsident, and at such meeting they may elect a manag- ng director. The said directors will tlso cleo; a secretary and such other 'mccrs as they may require, none If whom need be directors. and may con er upon such officers such powers as 70 said board may deem best.
 sixth: That the highest amount of indebtedness O. liability to which the corporation is a, any time to subject tself Is One Hundred Thousand Dol | ars ($l0O, ,G0OD
 seventh; That the private property . 'f each and every officer and stock !! .older of this corporation is to be cX- mpt from ali corporation debts and . liabilities. and from execution on any 1 md all claims against this corpora ion, and no claim or demand against ! he corporation shall constitute !
 claim or d=mand against the . toclih0lders thereof to any eX- ! ert. N0 ass ssments shall be male . pon any stockholder except for calls : pon unpaid subscriptions for stock. In Witness Whereof, We nave here , into set our hands this 1th day of . 1901.