Arizona republican., 1902-04-25

authorized to incur, at any time. or for
which it can be made liable, is the sum
of Five Hundred Thousand (s500,OOO)
which indebtedness may be incurred at
the discretion of the Board of Direct
| ors. by issue of bonds or other nego-
| tia BILE securities.
ARTICLE VI. The private property
of the stockholders of this corporation
shall. at all times. be exempt from the
debts of the corporation.
ARTICLE VII The affairs of this
| corporation shall be conducted by a
| Board of Directors which shall be COM
posed of not less than three. nor more
/ than nine persons. who shall be elected
at an annual meeting of the stockholG-
ers of the corporation. and who shall
| hold office until their successors are
elected and qualify; provided. however,
| that the persons named herein as the
! incorporators shall be the Directors of
this corporation until the annual meet
| ing next succeeding the filing of these
Articles of Incorporation; said Direct
ors shall have the power of electing the
officers of the company to serve until
their successors are duly elected and
| qualified and same as though said Di-
rectors had been elected at a regular
annual meeting as provided hereinafter
| IN Article VIII.
ARTICLE VIII. The annual meet
| ing of the stockholders referred to in
! Section VII shall be held on the last
/ Saturday in January, ........ at such
| place, either within or without the Ter
ritory of Arizona, as the Board of Di-
rectors shall select.
Notice in writing of the time and
place of such meeting shall be mailed
! to each stockholder of record at least
thirty days before the time of such
meeting.
ARTICLE TX. The officers of this
corporation shall be a president, vice.
president, secretary and treasurer, who
shall be elected annually from among
| the Directors at a meeting thereof
| held Immediately after the annual
! meeting of the stockholders.
| The secretary and treasurer may be
one and the same person.
Any meeting of the directors at
which quorum shall be present, shall
be a legal meeting. and the acts done
| thereat shall have the same force and
| effect as though passed by a full board,
whether the absent members of the
board had notice of such meeting or
not.
| The President shall be the executive
officer of the corporation. and shall
| sign all couveyances, checks. contracts
and other instruments, provided how
| ever that all such instruments exc
! cuted by the President, shall, before
they shall be valid and binding upon
this corporation, be countersigned by
either the secretary or treasurer.
ARTICLE x. Any and all vacancies
that may occur in the Board of Di-
rectors shall be filled until the next an
nual election by the members OF the
Board of Directors remaining in office.
The Board of Directors of the corpo-
ration may appoint such committee or
such business manager or managers to
aid in the management of the business
of the corporation, as it may deem eX-
pedient and vest in such manager or
managers, committee or committees,
such power as the Board of Directors
may deem best.
ARTICLE XI. No person shall be
eligible to the office of Director in this
corporation unless he is n stakeholder.
and any Director ceasing to be n stock
holder shall thereupon cease to be a
Director.
AS soon as practicable after the COM
poration. the Directors shall meet and
adopt bylaws, and at any meeting of
the Board of Directors 1t may make
such rules and regulate as it may
deem necessary for the proper man.
agement OF the corporation and its
affairs which shall be consistent with
these Articles of Incorporation and in
accordance with the laws of the United
| Of Ari1
ARTICLE XII These Articles OF
Incorporation may be amended at any
annual meeting of the stockholders. OF
at any special meeting thereof called
for the purpose, by two-thirds of the
stockholders represented at such meet
ing, either in person or by proxy, vot-
ing in favor of such proposed amend
ment. and whenever any such amend
ment of these Articles of Incorpora tor
shall be made, the same shall be signed
and acknowledged by the President
| of the corporation and by the secre-
tary, and shall have the same force ant
! virtue as if signed by all of the stock
holders.
IN WITNESS WHEREOF, We have
set our hands and seals this 14th day
| of April A. D. 1902.
! WILLIS B. TROY. (Seal
THOS. J. HILL (Seal
H VIM. STEVENS. (Seal
Signed, sealed and acknowledged il
) the presence of HARRY n. cox.
: Territory of Arizona,
County of Maricopa, SIS.
, Before me. Harry n. Cox. Notarl
( Public in and for the County of Mari
copa, Territory of Arizona, on this da.
! personally appeared Thomas ]. Hill
l H. VIM. Stevens and Willis B. Troy
: known to me to be the persons who's
names are subscribed to the foregoing
= instrument, and acknowledged to M
: that they executed the same for tn
5 purpose and consideration therein eX
pressed.
:, Given under my hand and seal o
Y office, this fourteenth day of April. 1907
;, (SealO HARRY n. cox.
e Notary Public
My commission expires Jan. Is, 1904.
i ! Territory of Arizona,
l County of Maricopa, IS.
Y I, B. F. McFall County Recorder i
and for the County and Territor
r aforesaid, hereby certify that 1 hav
! l,a