Arizona republican., 1902-04-10

case exceed the sum of Sixty thousand dollars Cs60, ,00O).
 Section 2. This corporation may boT- TOW money and contract to repay the same at such times and at such rates of interest as it's Board of Directors may determine. and may mortgage. pledge or hypothacate all or any part Of it's property to secure payment of as it's Board of Directors may deter mine.
 ARTICLE VT.
 Section l. The stockholders Of this corporation and their private property shall be forever exempt from all cor porata debts Of this corporation
 ARTICLE VII
 Section l. The affairs of this corpo- ration shall be managed ana controlled by q Board Of Directors composed of three stockholders hereof who shall be elected annually by the stockholders on the second Monday of January of each year st the hour of ? o'clock D. m. at the office of the Company in Phoenix, Arizona.
 Section ?. The Directors shall hold office Tor one year and until their sue cesscrs are elected and qualified.
 Section 3. Directors teasing to be stcci-holders shall cease to be direct CTS or officers Of this corporation.
 Section 1. Vacancies fn the Board of Directors CT officers Of this corporation shall be filled fer the unexpfred term by the remaining members Of the Board of Directors.
 Section ,. The Board Of Directors shall have power to make. amend and alter bylaws for this corporation. and to make all nccdful rules and reeula- tions for the management cf it's affairs
 ARTICLE. VIII.
 Section 1. The officers of this corpo- ration shall be a President Vice Presi- dent. Secretary and Treasurer. who shall be elected annually by the Board Of Directors at the first meeting after the annual meeting cf the stockholders. The Vice President and Secretary. or Secretary and Treasurer O. the Presi- dent and Treasurer may be one and the same person. The President shail be the chief executive officer of the corpo- rltion. and shall have the general management e all it's affairs. subject 10 the approval of the Board of Direct CTS. And until the annual meeting of January, 1868. tine following named per sons shall be the Directors of this cor poratioa. viz: James R. Thorpe. Thomas Armstrong. Jr.. and James II. PershiIg: and the following shall be the officers of. said corporation, viz: James R. Thorpe. President and Thomas Armstrong, Jr., Vice Presi- dent.
 Section .. All certificates of stock. bonds. water rights, deeds and convey ances shall be signed in the corporate name by tEe President. or in his ab- sence. by the Vice President. and De courtersigned by the Secretary ana have affixed t-@reto the corporate seal. Section 2. The Beard O. Directors snail h3ve power and authority to ap- point any ether agent e. agents 10 aid in the management Of it's business. and in conducting the affairs of said cor pOration that they may deem aGvis- able. and may vest in such agent CT agents such powers as they may deem expedient. And said Board of Direct ors snail have the power and author ity to f& the compensation to be paid to the officers. agents and employees and directors of this corporation.
 ARTICLE IN.
 Section 1. Stockholders shall have the right Q cast one vote for each share Of stock owned, at all stocEhold- CTS meetings, either in person Or by proxy in whiting thereto duly author ized
 In witness whereof We have ha~euntn set our hands this 21st day Of March. A D. 1902.
 JAMES R. THORPE.
 THCS. ARMSTRONG. Jr. Territory of Arizona.
 County of Maricopa. xs.
 Before me, Thos. J. Prescott. a No- tary Public in and for the County Of Marico9a, Territory Of Arizona, on this day personally appeared James R. Thorpe and Thomas Armstrong. Jr.. known to me to be the persons whose names are subscribed to the foregoing instrument. and acknowledged to me that they executed the same for the purposes and consideration therein ex- II esscd.
 Given under my hand and seal Of of- fee this 21st day O. March. \. D 1902. tNotariaI SeaIl
 THOS. J. PRESCOTT.
 Notary Public My commission expires on the 5th day of Dec. 1904.
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