Arizona republican., 1902-04-13

 l-dollars (s60O00).
 Section ?. This corporation may bOr- row 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 hypothecate all or any part of it's property to secure payment of it's debts or loans. and on such terms as it's Board of Directors may deter mine.
 ARTICLE VI. Section 1. The stockholders of this corporation and their private property shall be forever exempt from all cor porate debts of this corporation ARTICLE VII. Section L The affairs of this corpo- ration shall be managed and controlled by 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 at the hour of o'clock D. m. at the office of the Company in Phoenix. Arizona.
 Section . The Directors shall hold office for one year and until their sue cessors are elected and qualified.
 Section 3. Directors ceasiEg to be stockholders shall cease to be direct CTS or officers of this corporation. Section i. Vacancies in the Board of Directors CT officers of this corporation shall be filled for the unexpired term by the remaining members of tlIe Board of Directors.
 Section ,. The Board of Directors shall have power to make. amend and alter bylaws for this corporation. and to make all needfui rules and regula- tions for ti.e management of it's affairs. ARTICLE VIII Section | 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 Teeting after ths annual meeting of the stockholders. The Vice President and Secretary. CT Secretary and Treasurer. or the 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 management of all it's affairs. subject to the approval Of the Beard of Direct ors. And until the annual meeting of January. 1868. the following named per sons shall be the Directors of this cor poration, viz: James F. Thorpe. Thomas Armstrong, Jr.. and James Il. Pershing: and the following shall be the officers Of said corporation, viz: James F. Thorpe. President. and Thomas Armstrong, Jr.. Vice Presi- dent
 Section ?. All certificates Of stock. bonds. water lights. deeds and convey ances shall he signed in the corporate name by the President, or in his ab- sence. by the Vice President. and ne cOUntersigned by the Secretary. and 1 have affixed t:--reto the corporate s.-ai Section .. The Board Of Direo tors shall have power and authority to ap- 1 point any other agent or agents to aid l in the management of it's business. and in conducting the affairs of said cor DOratiCn that they may deem advis- able, and may vest in such agent or agents such powers as they may deem l eXpedient- And said Board of Direct ors shall have the power and author ity to fix the compensation to be paid i to the officers. agents and employees and directors of this corpora ton.
 ARTICLE TX. 1 Section l. Stockholders shall have ! the right to cast one vote for each share Of stock owned at all stockhold- l CTS meetings, either in person or by l proxy in writing thereto duly author ized.
 In witness whereof we have hereuntc set our hands this 21st day of March l 4. D. 1902
 JAMES F. THORPE.
 THOS. ARMSTRONG. Jr. Territory or Arizona.
 County of MaricoDa. ss.
 Before me. Tkos. J. Prescott. 9 No tary Public in and fer the County o Maricopa. Territory of Arizona. on thi. day personally appeared James E Thorpe and Thomas Armstrong. IT. known 10 rie 70 be the persons who's, names are subscribed to the foragoins instrument. and acknowledged to m. that they executed the same for tn; purposes and consideration therein ex- pressed.
 Given under my hand and seal of Of fec this list day of March. !. D. 1902
 (NotariaI Seell
 THOS. J. PRESCOTT.
 Notary Public
 My commission expires on the 5tl day of Dec. 1904.
 First publication April 9.