Arizona republican., 1902-12-13

conditions, as the Board of Directors may determine.
 ARTICLE ".
 The time of the commencement of this corporation shall be the date of | filing of these Articles in the office of l the County Recorder of Maricopa Coun- ty. Territory of Arizona. and the termination thereof shall be twenty | five (25) years thereafte-.
 ARTICLE V.
 The affairs of this corporation shall be managed and conducted by a Board of Directors, of not less than three (3) or more than nine (9) persons. who shall be Stockholders in the said cor poration ard who shall be elected an- nually by the stockholders on the sec ond Thursday of the month of Septem- Der of each year. and until action by the Board of Directors. the number of said Board shall be three (S) and shall hold office for one year from the date of their election and qualification and until their successors are elected and qualified Any vacancy occurring in | said Board to be filled by the remaining number thereof: and such Board of Di- | rectors shall have the power to hold | any meeting and transact any business | for the company at any time or place | within or without the Territory of Ari- | Zona: and all acts of said Board shall l be valid, provided that a majority of | all the members of the Board shall be 1 present, and vote in favor of such act l or acts, and such vote shall be com | plete evidence of the sufficiency of mo- tice for the meeting; and said Board | shall have power to establish bylaws and make all rules and regulations nec- | essary for the management of the af- fairs of this corporation not inconsist- ent with the constitution and laws of the United States and the laws of the | Territory of Arizona.
 The following named persons shall | constitute the Board of Directors of the corporation until the first annual meet l ipg of the stockholders and until their successors are duly elected and cuali- fled, to-wit H. I. Latham. W. c. Eos ter. and l.. H. Lardis. residents of the l City of Phoenix, Maricopa County, Ter ritory of Arizona.
 ARTICLE VI. l The officers of the corporation shall | be President. Secretary and Treasurer. ! and such other officers as may be pro- vided for by the Board of Directors.
 The officers of this corporation shall be elected annually by the Board of Di- rectors at such times as may be by the laws of this corporation designated, and until their first annual election. and until their successors are duly elected and qualified, the following | named persons shall constitute the off, cers, viz:
 I Nl.ar, fav-x w. c. Foster. and Treasurer, L. H. Landis.
 ARTICLE VII.
 The officers and Directors of this cor ! poration shall hold office for the term of one year from the election. and until their successors are duly elected and qualified, unless an officer or Director shall cease to be a stockholder, in which case his office shall be declared vacant and such vacancy filled for the unexpired term by the Board of Direct ors.
 | ARTICLE VIII. The stockholders of this corporation and their private property shall be eX- empt from liability for the corporate debts of this corporation, and the capi- tai stock shall be non-assessable. ARTICLE TX.
 The highest amount of indebtedness or liability to which this corporation is at any time to subject itself is one half of its capitalization.
 ARTICLE K
 These Articles of Incorporation may be amended at any regular or special meeting of the stockholders, by vote of the holders of a majority of the stock that is present in favor of the amend ment. and whenever these Articles shall be signed and acknowledged by the President and Secretary of the corpo- ration, and when recorded shall have the same effect as though they had been signed and accepted by all the stockholders.
 ARTICLE XI.
 The stockholders may be present al any of the stockholders meetings and vote upon the questions presented, and they may be present in person or vote by proxy, provided always that such proxy shall be a stockholder in the said corporation.
 ARTICLE XII.
 The capital stock of the corporation may be increased or decreased, and the property owned by the corporation may be mortgaged a any of the annual or special meetings of the stockholders, or any of the regular or spe- cial meetings of the Board of Directors of this corporation shall have the right to mortgage any or all of the property belonging to it at any time it may become necessary for the best conduct of affairs of the company tc do so.
 IN WITNESS WHEREOF we have hereunto set our hands and seals this 17th day of September, A. D. 1902. H. I. LATHAM.
 ". C. FOSTER.
 L. Il. LANDS.
 Territory of Arizona,
 County of Maricopa, ss. ! Before me, H. M. Weirick, a Notary Public in and for said County and Territory, on this day personally ap- peared H. I. Latham, w. C.. Foster and L. H. Landis, known to me to be the persons whose names are sub- scribed to the foregoing instrument and acknowledged to me that they executed the same for the purpose anc consideration therein expressed.