Arizona republican., 1902-11-24

which 1t is divided is one million shares, of the par value of One dollar each, which amount is to be paid in at the times and upon the conditions follow ing, viz.
 Twenty-Five thousand (25,O00) dollars in cash, with which amount this cor poration will commence business, and the remaining number of shares to be paid for in discharge of subscription therefor already made, and upon con- veyance to this corporation of certain properties situated in the District of La Union,' State of Guerrero, Mexi- co, and consisting of about sixty two (62) pertenencias GAS acres) to be re- ceived as consideration for issuance of said remaining shares, fully paid and non-assessable.
 ".
 The time of the commencement of said corporation is the 10th day of June. One Thousand Nine Hundred and Two, and the time of its termination, the 10th day of June, One Thousand 'gine Hundred and TwentySeven.
 V.
 The officers of said corporation to conduct it's affairs, shall consist of a
  members, as follows: J. Letton Martin, Ashland, Royd County. Kentucky; Charles Edward Horrocks, Ashland, Boyd County. Kentucky; J. Cray Mar tin, Ashland, Boyd County, Kentucky; and Otto Won Kanel, New York City, New York. who are to be elected on June 10, 1902, and shall hold their offices until their successors shall have been duly elected.
 The annual meeting of the stockhold- CTS for the purpose of electing Directors and the transaction of such other busi- ness as may come before that body shall be held in the City of Ashland Boyd County. Kentucky. on tha second Tuesday of June, in each year.
 The Board of Directors sh1a elect from their body a President, Vice President, Secretary and Treasu Ter. the latter two of which offices may be filled by the same person, and may appoint such other agents as by them are, or may be, deemed necessary in the man. agement of the corporate affairs.
 The annual meeting of the Board of Directors for the election of officers, and for the transaction of such other business as may come before the board. shall be held at the office of the Com pany in the City of Ashland, Boyd County, Kentucky, at such times, as shall be fixed by the Bylaws.
 VI.
 The highest amount of indebtedness or liability, to which the corporation may at any time subject itself is five hundred thousand ($5OO, ,OOO) dollars.
 VII.
  and stockholder os said corporation is to be exempt from all corporate debts,
 VIII.
 The Board of Directors may adopt Bylaws for the government of this corporation, may authorize the Presi- dent to have in charge the general management of the affairs thereof; to enter into contracts, execute and accept deeds, leases. or other conveyanceii. and do any and all other acts for and in Ahe name of this corporation that he may deem necessary in carrying out the purposes for which this corporation is formed.
 IN WITNESS WHEREOF, we have hereunto set our hands and seals ,.his 23d day of May, A. D., 1902.
 J. Letton Martin, (Se4D
 Charles Edward Horrocks, (Sesl)
 J. Cray Martin, (SeaL)
 George W. Bryan, (SeGD
 Otto Van Kanel. (Se~D Signed and sealed in presence of John [. Hager, as to all A. M. Kelley, ..x- cept Kanel. R. P. Hovey as to {. V. Kanel.
 STATE OF KENTUCKY,
 County of Boyd, ss.
 Before me, Anna Mary Kelley, a No tnry Public within and for the County and State aforesaid, duly commissioned qualified and acting, on this day per sonally appeared J. Letton Martin, J. Cray Martin, Charles Edward Hor- rocks ana George w. Bryan, known to me to be the persons whose names are subscribed to the foregoing instrument and severally acknowledged to me that they executed the same for the purposes and considerations therein expressed. Given under my hand and seal of office this 23rd day of May A. D., 1902. My commission expires February IS, 19O6
 ANNA MARY KELLEY, (Notarial SeaD
 Notary Public, Boyd County, Ky.