Holbrook argus., 1902-08-02


 ores; to conduct and carry on a general mer- chandise business, bo row money, issue bonds, and mortgage, pledge or otherwise dispose of all of its corporate property for the security or payment of any of its in- debtedness. and to do any and all things and acquire all property, real and personal, which may be convenient and neces ary to carry into effect the objects for which this corporation is formed and said capital stock may Le used for the purpose of purchasing property for the company.
 ARTICLE ".
 The capital stock of this corporation shall be one million (Si ,0U0,000) dollars, divided into one million 1,O0p, ,000l shares of the value of one (Sl.) dollar per share; and the same shall be fully paid and non -assessable.
 The capital stock of this corporation shall be issued and paid for upon the conditions and ut the times us hereinafter provided for by resolution of the board of directors of this company, and the stock of the comptny may be exchanged for mines and other property at such prices and upon such terms as the board of directors may determine.
 ARTICLE V.
 The time of the commencement of this cor poration shall be the day upon which these articles are filed in the office of the secretary of the territory of Arizona, and said corpor- ation shall terminate twenty-five (25) years thereafter.
 ARTICLE VI.
 The government of this corporation is vested in board of directors consisting of not less than seven CD nor more than eleven Ql) members, all of whom shall be stoclShold. CTS of the corporation who shall be elected at the annual stockholders meeting and shall hold office for one CD year from the date of their election and qualification, and until their successors are elected and qualified. Any vacancy in said board shall be filled by the remH ming members thereof. And such board of directors shall have power to hold any meeting and transact any business for the company at any time or place within or without the territory of Arizona. and all the acts of such board shall be valid, provided that u majority of all members of the board shall be present and vote in favor of such act or acts, and such vote shall he complete meeting and said board of directors shall have the power to establish b. laws and make all rules and regulations necessary for the management of the affairs of this cor poration. not inconsistent with the constitn- tion and laws of the United States and the laws of the territory of Arizona.
 The following named persons shall consti- tute the board of directors of this corpora tion until the first annual meeting of stock holders and until their successors are duly elected and qualified to-wit: J. X. Woods, r. w. Nelson, R. k. Mcdonald and Edw. Enos The number of directors to be elected at the annual stockholders meeting, not less than seven nor more than eleven, shall be stated in the call for said annual meeting, to serve for the next ensuing year, which said num- Der shall be fixed by resolution of the board of directors at their meeting next prior to the issuance of such notice to the stock holders.
 ARTICLE VII.
 The officers of this corporation shall be a president, vice-president. secretary and treasurer and such other officess as the board of directors may deem necessary for the purpose of transacting its business; pro- yideI that the president or vice president may also hold the office of treasIIrer; such officers to be elected by the board of direct OTIS and the following named persons shall be the officers of this corporation until the first annual meeting of the stockholders hereof and until their successors are duly elected and qualified. to-wit, president, J X. Woods; vice president and treasurer Julius Lesser: secretary, w D. Britton.
 Provided, that none of the officers of this corporation except directors. president, vice. president, secretary and treasurer are re- quired to be stockholders of the corpora tion.
 ARTICLE VIII.
 The time for holding the annual meeting of the stockholders of this corporation is fixed for the first Monday in the month of December of this year.
 ARTICLE XI.
 The highest amount of indebtedness or liability. either direct contingent to which this corporation is at any time to subject itself is Five Hundred Thousand (s500,000.) Dollars.
 ARTICLE X.
 The private property of the stockholders of this corporation shall be exempt from any and all liability for the payment of cor porate debts.
 In witness whereof, the corporators here- of have hereunto. set their hands and seals this first day of May, A. D, 1902.
 J. X. WOODS, [Seall
 JULIUS LESSER fSeali
 E A. SAWYER, iSeali
 W. D. BRITTON, fSeali Territory of Arizona, County of Navajo,-ss. Before me, F. w. Nelson Notary Public in and for said county and territory, on this day personally appeaaed J. X. Woods, Julius Lesser, E. A. Sawyer and W. D. Britton, known to me to be the persons whose names are subscribed to the foregoing articles of incorporation, and acknowledged to me that they executed the same for the purposes and consideration therein expressed. Given under my hand aud seal of office this 1st day of May, ID. 1902.
 My commission expires Dec. 6, 1902.
 [Seall F. W. NELSON,
 Notary Public. Filed and recorded at the request of F. W. Nelson, May 2, 1902, at a. m., and duly re- corded in Vol. No. l. Articles of Incorpora- tiop on pages Nos S4 to S7, records of Navajo county, Arizona.
 [Seal] A. r. MCALLISTER,
 Recorder. Filed in the office of the Secretary of