Arizona republican., 1902-12-16

quorum for the transaction of any and all business. The following named per sons shall constitute the board of di- rectors of the corporation until their successors are elected: J. II. McClin- tock, A. w. Galpin, V. C. Cook, l.. C. Masten. of the City of Phoenix. Mari copa county. Arizona Territory; and w H. McClintock of Sonora, Tuolumne county. State Of California.
 Eighth: The officers or the corpora tion shall be president, secretary and treasurer, and such other officers IS may be provided for by the board of directors. The officers of this corpora tion shall be elected annually by the board of directors at such times as may be by the bylaws of this corporation designated. and until their first annual election, and until their successors are duly elected and qualified, the follow ing named persons shall constitute the officers: President, J. H. McClintOck; secretary and treasurer, A. w. Galpin.
 Ninth: The highest amount of in- debtedness or liability to which the corporation may at any time subject itself shall be not to exceed fifty per cent of the par value of the stock.
 Tenth: The private property of the officers, directors and stockholders or this corporation shall be exempt from all liability. and shall not, in any event, be liable for the debts of the corpora ton, however incurred.
 Eleventh: The regular annual meet ing of the stockholders shall be held at the office of the company at San Fran cisco. California, on the second Monday in December of each year, at which meeting. among other things. the board of directors shall be elected.
 At all meetings of the stockholders q majority representation of the capi- tai stock shall constitute a quorum for the transaction of any and all business. and a majority vote of the shares present shall decide all matters before the meeting except as otherwise pro- vided in these articles of incorpora- ton.
 Twelfth: The stockholders may be present at any of the stockholders meetings and vote upon the questions presented. and they may be present in person or vote by proxy. provided all ways that such proxy shall be a stock holder in the said corporation.
 Thirteenth: In every instance where stockholders are entitled to vote on the election or removal of officers, or on business affairs of the corporation, each stockhOlder shall be entitled to and have counted. one vote for each share of stock held by him. either as owner or as proxy, appointed in writing by the owner.
 Fourteenth: Directors of the corpor- ation may be removed by a vote of the stockholders holding three-ffths of the ..V
 Fifteenth: The board of directors of this corporation shall have the power to establish bylaws and make all rules and regulations deemed expedient 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 Ter ritory of Arizona or elsewhere, where said corporation may transact busi- | ness.
 Sixteenth: The capital stock of the corporation may be increased or de- creased and the property owned by the corporation may be mortgaged at any annual meeting of the stockholders. Such action may be also taken at any regular or special meeting of the board of directors. provided, however that it shall be necessary to give notice to the , stockholders of such intended action at least twenty days prior to the date of such directors meeting, such notice to be given by mail to each of the stock holders of record at the time of calling | such meeting.
 Seventeenth: These articles of incor- | poration may be amended, modified and | changed only ,by a vote of a majority l ,f t.1 ;,, e,, ,e, ,t.o amendment al a meeting of stockhold- i CTS called for the purpose. notice of | which meeting has been given by mail 1 to each of the stockholders of record at the time of calling such meeting, and not less than twenty days before the | date set for the same. And whenever | these articles shall be signed and ac- | knowledged by the president and secre- | tary of the corporation, and when re- corded shall have the same effect as though they had been signed and ac- | cepted by all the stockholders. Eighteenth: Said corporation shall | have all the privileges. rights and 1 powers and be subject to all the duties | obligations and requirements enumer- ated and set forth in Title 13 of the Revised Statutes of Arizona Territory of the year 1901.
 In witness whereof, we have hereuntc set our hands and seals this 10th day | of December, A. D.. 1902
 J. H. McCLINTOCK, (Seal)
 A. w. GALPIN, (Seal)
 V. c. COOK, (Seal)
 l.. C. HASTEN, (Seal) w. H. McCLINTOCK, (Seal) | Territory of Arizona,
 County of Maricopa, ss.
 Before me, Matte w. Lorraine, a no. tary public in and for said county anC | territory. on this day personally ap. peared J. H. McClintock, A. w. Galpin V. C. Cook, L C Masten and w. H. Me Clintock, known to me to be the per. 1 sons whose names are subscribed to tho | foregoing instrument, and they, ant each of them, acknowledged to me tha they executed the same for the pur poses and considerations therein ex pressed
 | Given under my hand and seal O office this 10th day of December. 1902 (Seal) MATTE w. LORAINE,
 Notary Public.