Arizona republican., 1902-01-22

stock shall be issued until the same shall have been fully paid either in money or in property. and the same when so issued shall be non-assessab ble l thereafter
 ARTICLE V. The highest amount Of indebtedness or liability to which this corporation shall at any time subject itself or be subjected is the sum of thirty-five thousand dollars (sS5,O0o.00). ARTICLE VI
 The stockholders of this corporation and their private property shall be eX- empt from the corporate debts of the corporation.
 ARTICLE VII. The affairs of this corporation shall be conducted by Board of Directors consisting of not less than three nor more than seven stockholders. who shall be elected annually by the stock holders, on the 2d Monday in October of each year. Said Directors shall hold their office for the term of one year from the date of their election and un- til their successors shall be duly elected and qualified, unless they shall in the meantime cease to be stockholders in this corporation; and any person ceas- ing to be stockholder in this corpora tion shall cease to be a Director or of ficer in the same. The following named persons who are subscribers to the cap ital stock of this corporation shall constitute the officers and directors of this corporation until the 2d Monday in 1 October, 1902, and until their success sors shall have been duly elected or appointed. and qualified:
 Elijah Coffin, President and Director; Wm. Christy. Vice President. Treas nd U~ roy, Secretary and Director. Vacancies in the Board of Directors shall be filled by the remaining mem bers of the Board for the unexpired term for which such persons were elected. A majority of the Board of Directors of this corporation shall be a quorum. and any meeting of the Board at which a quorum is present shall be deemed regular meeting and have the same authority as a full Board, whether notice of the. meeting shall have first been given to the absent members of the Board or not ARTICLE VIII. The officers of this corporation shall be a president, vice-president, secre- tary and treasurer, who shall be elect ed annually by the Board of Directors at their first annual meeting in each year. from among their number. The secretary and treasurer or vice-presi- dent and treasurer may be one and the same person. The president shall be the chief executive officer of the corpo- ration. and shall have the general man cement of all its affairs. subject to the approval of the Board of Directors. All certificates of stock. contracts. water rights. deeds. and conveyances shalf be signed in the corporate name by the President. or in his absence. by the Vice President and be counter signed by the Secretary, and have af- 1 fixed thereto the corporate seal. The Board of Directors shall have power i to appoint such agents to aid in the management of it's business and in conducting the affairs of the corpora tion. as it may deem advisable. and to vest in said agents such powers as they deem expedient.
 ARTICLE TX. The Board of Directors of this cor poration shall have power to establish | bylaws and make all rules and regu- lations deemed expedient for the man agement of the affairs of this corpora tion and the officers thereof, not in consistent with the Constitution and Laws of the United States or the Laws ] of Arizona.
 ARTICLE x. 1 These Articles of Incorporation may | be amended at any regular meeting of the stockholders. or at any special meeting called for that purpose by a maj jority vote of the stock represented at such meeting; and when such ar ticles are so amended. such amend mert or amendments shall be acknowl- edged and signed by the President and attested by the Secretary. and have thereto affixed the corporate seal. and shall have the same effect as though signed and acknowledged by all the stockholders of the corporation | In Witness Whereof. We have here unto set our hands this 2Tth day of ! November, 1901.
 ELIJAH COFFIN.
 VIM. CHRISTY.
 WILLIAM F.. POMEROY. | Territory of Arizona. County of Mari | copa. ss.
 Before me. C. r. Ainsworth, a Notary Public in and for Maricopa County. Arizona, on this day personally ap- peared Elijah Coffin, Wm. Christy and William F. Pomeroy. to me known. l and known to me to be the persons whose names are subscribed to the foregoing instrument. and acknowl- edged to me that they executed the same for the purposes and considera- ton therein expressed.
 Given under my hand and seal of office this 27th day of November, 1901.
 tSeal) c. F. AINSwORTH.
 Notary Public
 My commission expires the 22d day of Nov, 1905.
 Territory of Arizona, County of Mari copa.
 I. B. F. McFall, County Recorder ir and for the County and Territory aforesaid, do hereby certify that the within instrument was filed for record at 10:01 o'clock a. m. on this 26 day oi December. 1901, and duly recorded ir Book No. s of Incorp. records of Mari copa County, Arizona, at pages 503 tC 507, inclusive.