Arizona republican., 1902-12-15

 which case his office shall be declared vacant, and such vacancy filled for the unexpired term by a majority vote os the remaining members of the board of directors. The directors shall have the right to fill any vacancy occurring in the board by death, resignation or otherwise, by a majority vote of the remaining directors of the corporation, the person elected to fill the vacancy to hold his office until the next annual meeting of the stockholders, directors to be elected from the stockholders of record at the time of such election.
 A majority of all the members of the board of directors shall constitute a quorum for the transaction of any and all business. The following named per sons shall constitute the board of di rectors of the corporation until their successors are elected: J. H. McClin- tock, A. w. Galpin. V. C. Cook, l.. c. Masten, of the City of Phoenix. Mari copa county, Arizona Territory; and w. H. McClintock of Sonora. Tuolumne county. State of California.
 Eighth: The officers or the corpora tion shall be president, secretary and treasurer, and such other officers as may be provided for by the board Of directors. The officers of this corpora tion shall be elected annually by the board of directors at such times as may be by the bylaws of this corporation designated, and until their first annual election, and until their successors are duly elected and qualified, the follow ing named persons shall constitute the officers: President, J. H. McClintock; secretary and treasurer, A. W. Galpin
 Ninth: The highest amount of in debtedness or liability to which the corporation may at any time subject itself shall be not to exceed fifty per cent of the par value of the stock.
 Tenth The private property of the officers, directors and stockholders or this corporation shall be exempt from all liability. and shall not, in any event, be liable for the debts of the corpora tion, however incurred.
 Eleventh: The regular annual meet ing of the stockholders shall be held at the office of the company at San Fran cisco, California, on the second Monday in December of each year. at which meeting, among other things, the board of directors shall be elected.
 At all meetings of the stockholders a majority representation of the capi tai stock shall constitute a quorum for the transaction of any and all business, and a majority vote of the shares present shall decide all matters before the meeting except as otherwise pro- yided In these articles of incorpora- tion.
 Twelfth: The stockholders may be present at any of the stockholders meetings and vote upon the questions presented, and they may be present in person or vote by proxy, provided al- ways that such proxy shall be a stock holder in the said corporation.
 Thirteenth: In every instance where stockholders are entitled to vote on the election or removal of officers, or on business affairs of the corporation, each stockholder shall be entitled to and have counted one vote for each share of stock held by him. either as owner or as proxy, appointed in writing by the owner.
 Fourteenth: Directors of the corpor- alton may be removed by a vote of the stockholders holding three-fifths of the capital stock as owners or as proxies.
 Fifteenth: The board of directors of this corporation shall have the power to establish bylaws and make all rules and regulations deemed expedient for the management of the affairs of this corporation and the officers thereof, not inconsistent with the constitution and laws of the United States and the Ter Iitory of Arizona or elsewhere, where said corporation may transact busi- ness.
 Sixteenth: The capital stock of the corporation may be increased or de" creased and the property owned by the corporation may be nortgaged at any annual meeting of the stockholders. Such action may be also taken at any regular or special meeting of the board of directors, provided, however. that it shall be necessary to give notice to the stockholders of such intended action at least twenty days prior to the date of such directors meeting, such notice to be given by mail to each of the stock holders of record at the time of calling such meeting.
 Seventeenth: These articles of incor- poration may be amended, modified and changed only by a vote of a majority of the total capital stock in favor of the amendment at a meeting of stockhold- CTS called for the purpose, notice of which meeting has been given by mail to each of the stockholders of record at the time of calling such meeting, and not less than twenty days before the date set for the same. And whenever these articles shall be signed and ac- knowledged by the president and secre- tary of the corporation, and when re- corded shall have the same effect as though they had been signed and ac- cepted by all the stockholders.
 Eighteenth: Said corporation shall have all the privileges, rights and powers and be subject to all the duties. obligations and requirements enumer- ated and set forth in Title 13 of the Revised Statutes of Arizona Territory of the year 1901.
 In witness whereof, we have hereunto set our hands and seals this 10th day of December, A. D.. 1902.
 J. H. McCLINTOCK, (Seal)
 A. W. GALPIN, (Seal.)
 V. C. COOK, (Seal)
 l.. C. HASTEN, (Seal)
 w. H. McCLINTOCK, (Seal) Territory of Arizona,
 County of Maricopa, ss.