Arizona republican., 1901-04-16

Fourth. That the amount of the cap- ital stock authorized is Five Hundred Thousand (S5O0,0D0) Dollars, and the number of shares into which 1t Is di- vided Is Five Hundred Thousand (600,- 000) shares of the par value of one ts1 00) dollar each, the value of which stock is to be paid in cash or upon such installments as the directors may pro. vide, or in real and personal property, contracts, agreements. labor machin- cry, merchandise or materials. in tN; discretion of the Board of Directors, upon the issue and delivery tf .aid stock from time to time. deferred shares Of stock may hr .-sued upon such terms and conrr D.is as may be provided in the bylaws.
 Fifth. That the time of the com mencement of said corporation Is the sixth day of April, nineteen hundred and one 3Ol). and the time of it's termination is the sixth day of April. nineteen hundred and Fifty-one G95D
 Sixth. That the persons or officers authorized to conduct manage ard control the busin-Ts and affairs of said corporation shal. 5nslst of the stock holders hc,,iag two-thirds In amount of the outstanding stock of the corpo. ration, and Board of Directors com posed of such number of members to be chosen by the stockholders as may be, provided in the bylaws of the cor poratlon, The original bylaws shall be adopted by the vote or signature of the stockholders holding two-thirds of the subscribed stock. Any resolution adopted by the holder of two-thrds in amount of the outstanding stock, whether adopted by vote or signature of such shareholders without 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 affairs of the corporation, subject to such reso- lutions or votes, of the stockholders. The names of the persons appointed to serve as directors until their successors are elected are Wm. H. Dick, D. Oliver. | Jr, C. J. Sweeney, J. N. Barstow, A. D. Taylor. w. L. Temple and C. M, 1 Eccles
 The Directors will elect from their number a President and Vice President. and may elect Managing Director they will also elect Secretary and such other officers as they may require. none of whom need be Directors, and ! may confer on such officers such pow CTS as the said Board may deem best. Seventh. That the highest amount of i indebtedness to which the corporation is at any time to subject itself is Three i Hundred Thousand (s3Oo, ,900.OO) Dollars.
 Eighth. That the private property of each and every officer and stockholder of this corporation is to b4 exempt from all corporate debts and liabilities, and from execution on any and all claims against this corporation; and no claim or demand against this corporation shall constitute a claim or demand against the stockholders thereof to any i extent. No assessment shall be made upon any stockholder except for calls upon unpaid subscriptions to stock. 1 In Witness Whereof we have here unto set our hands this sixtheday O; April, A. D. 1901.
 J. N. SHERBURNE.
 w. A. BRACE.
 C. J. SWEENEY.
 GEO. K. ROGERS.
 w. l.. TEMPLE.
 GEO. w. LUNT.
 VIM. H. DICK C. G. BENEDICT.
 j. N. BARSTOW
 J. G. FOSTER MOALE
 CLOUDY MORNING ECCLES A. D. TAYLOR.
 c. P. GRISWOLD.
 D. OLIVER, JR.
 State of California, city and county of
 San Francisco, ss.
 On this eighth day of April in the year one thousand nine hundred and one. before me. Hurry J. Lask. a nos tary public in and for the said city and county, residing therein, duly commis- stoned and sworn. personally appeared J. N. Sherburne. Cloudy Morning Ec- cles, A. D. Taylor Geo. K Rogers, b lOliver. Jf.. Geo. w. Lunt. w. A. Brace Vim. H. Dick, c. J. Sweeney. c. G. Ben. edict C. P. Griswold, J. N. Barstow w. l.. Temple and J. c. Foster Moale known to me to be the persons descrb- ed in, whose names are subscribed tC and who executed the within and an nexed instrument, and they duly ac knowledged that they executed tho same for the purposes and considera tions therein expressed.
 In witness whereof I have hereuntC set my hand and affixed my official seal at my office in the city and county ol San Francisco, the day and year in thii certificate first above written