Holbrook argus., 1902-06-28

of their election and qualifications aud until their successors are elected and qualified. Any vacancy in said board shall be filcl by the remn ming members thereof. And such board of directors shall have power l., hold any meeting aml transact any business for the complny at any time or place within or without the territory of Arizona, and all the acts of such bonrd shall be valid, provided that majority of all members of the board shall be present and vote o favor of such act or nets, and such vote shali be complete evidrucp of tn" sutiiciency of notice for the meeting; and said board Of directors shall have th" liower to establish by-laws and make all rules and regulations necessary for the management of the affairs of this cor porattoii nut l"onsisteu' with the coiistitu- tion and laws ni the United States and the laws of the territory of Arizona.
 The following named persons shall corlsti- tute the board of directors of this cnrpora- tion until the first annual meeting of stock. holders and until tI!eir successors are duly elected and qualified, to-wit: J. X Woods Julius l.csse". E.. 4. Sawyer, w. D. Brttou F; W. Nelson, R. R. McDonald and Edw Enos, The number of directors to be elected at the auiual 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- per shall be hNed by resolution of the board ot directors at their meeting next prior to the issuance of such notice to the stock. holders.
 ARTICLE vII.'
 The ofhcers of this corporation shall be il president. vce-president. secretary and treas,irer and such other officess us the nudrd or directors may deem necessary for the purpose ot transacting its business pro- ride1. that ,he president or vice-presidcpt may also iloli the office of treasurer: such officers "a be elected by the board of direct prs and ihc following named persons shall be the officers of this corporution until the hr>t annual meeting of the stockholders hereof aud nutil their successors are duly elected and pun.itied. to-wit, president. J x. Moods: vice president and treasurer Julius Lesser. N nrtt
 Provided. that none of the officers of this corporatipn except directors president, vice. president. secretary and treas:Irei' are re- 'iiir"d to be stockholders oi the corpora ton.
 ARTICLE VIII
 The time for holding the annual meeting of the stockholders of this coruoratiou Is tiX"d for the first Monday in the month of December of tli, year.
 ARTICLE NJ.
 . me highest amount of indebtedness or labilit'. either direct OF C in.inrant. tu which this corporation is at any time to subject itself is Five Hundred Thousand tSAO00O0.) Dollars.
 ARrIcLEy
 The private property of the stockh holders 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. 4 D. 1902.
 ]. X. WOODS ISeau
 
 E 4. SAWYER tSeaji
 W. D. BRETON. fSealI Terrtor of Arizona, County of Navaio.-ss Before me. f. W. Nelson, a Notary Public in and for said county and territory, on this day personally appeuaed J. X. Woods Julius Lesser. E. 4. 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 he same for the purposes and consideration therein expressed Given under my hand and seal of office this lst day of May. D. 1902.
 My commission expires Dec. G. 1902
 lSeall F. w. NELSON.
 Notary Public. Filed and recorded ut the request of F. w. Nelson, May 7, 1902 at d. m., and duly re- corded in Vol No. 1. Articles of Incorpora- tion on pages Nos. 5l to S7, records of Navajo county, Arizona.
 { tSeail A.. F. MCALLISTER,
 Recorder. Filed in the office of the Secretary of the Territory, at Phoenix, Muricopa county. Arizona, at 2 o'clock n. m., May s, A. D. I902. lScalI ISAAC I. SiODDARD,
 Secretary.
 First publication June 2l.