Arizona republican., 1901-02-18

1 Thousand Dollars ($300000) and the number of shares into which said cap ital stock is divided is Three Hundred Thousand Shares (300, 0,00O) of the par value of One Dollar ($1.OO) per share, the value of which stock Is to be paid in cash or upon such installments as the directors may provide 0r in real or personal property, or contracts, or agreements, or in labor, or in machinery, or merchandise or materials, in the 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 filing 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 be Twenty-Five (25) years there after.
 Flhuh: That the officers or persons authorized to conduct, manage and control the business and affairs of the said corporation shall consist of the stockholders holding two-thirds (2-3) in amount of the outstanding capital stock of the corporation, and the 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 be adopted by the vote or signature of the stockholders holding two-thirds (2-3) of the subscribed cap ital stock. Any resolution adopted by the holders of two-thirds (2-3) in amount of the outstanding stock, whether adopted by vote or on sigma ture of such voters without meeting, shall absolutely control the affairs of the corporation and the tenure Of of flee of its directors and officers. so far as indicated in such resolution. The board of drectors shall have the man. agement and control of the corporation subject to such resolution or votes of the stockholders IS aforesaid The names of the persons appointed to serve as directors until their success sors are elected are John F. Cunning ham, Edward Savage, Mortimer Say age, Walter Storey, Samuel B. Cald- well, Edward P. Young and David c. Cunningham.
 The stockholders shall meet annu- ally at such time ana place as may be provided by the bylaws for the pur- p-se of the election of directors, sub ject to such resolutions or votes of the stockholders as aforesaid.
 The directors shall mee, monthly at such time and place as may be provid- ed by the bylaws and subject to such resolutions or votes f the stockholders as aforesaid. and said directors imme- diatelv after their election shall organ ize by the election from among their number of president and president and at such they may elect a manag- ing director. The said directors will also elect a secretary and such other officers as they may require, none of whom need be directors. and may con fer upon such officers such powers as to said board may deem best.
 sixth: That the highest amount of indebtedness or liability to which the | UT ppl iAipll lN eub tils lllIt " SuDJtNb itself is One Hundred Thousand Dol lars &100,00O)
 Seventh: That the private property of each and every officer and stock holder of this col poration is to be ex- ampt from all corporation debts and liabilities, and from execution on any and all claims against this corpora tion, and no claim or demand against the corporation shall constitute a claim or demand against the stockholders thereof to any ex- ent. No ass assments shall be made upon any stockholder except for calls upon unpaid subscriptions for stock.
 In Witness Whereof. we have here unto set our hands this Eth day of February, 1901.
 Shares !
 JOHN r. CUNNINGHAM. 100 |