The Tucson citizen., 1902-07-25

shall entitle the holder thereof to
receive out of the net earnings, and
the company shall be bound to pay
from the same. fixed yearly dividend
OF ten per centum, but no more, pay
able semi-annually, before any div
ldend shall be set apart or paid on the
common stock. All said stock, wheth-
er preferred or common, shall be is
sued paid up and nom -assessable. in
exchange for cash. services or prop
erty. The company shall not do any
buslnes apart from it's own organiza-
ton until $4,000 shares OF the entire
issue have been subscribed for.
ARTICLE w.
The highest amount OF indebtedness
or liability, direct or contingent, to
which this corporation shall at any
time subject itself, shall be 81, 900, 900,
or fifty per cent of the entire capitali-
zation.
| ARTICLE v.
! The private property of the stock
holders of this corporation shall be
exempt from liability for its corporate
debts.
| ARTICLE VI.
The time of the commencement of
this corporation shall be the day on
which these Articles shall be filed in
the office of the County Recorder of
Pima County, Arizona Territory, and
the corporation shall continue for the
term of twenty-five years thereafter.
ARTICLE VII.
The government OF this corporation.
and the management and control of
its affairs and business, shall be con-
Quoted by Board of seven Directors,
to be elected at the anuaI meeting of
the stockholders. which shall be held
at the office OF the company. to be des-
ignated by the Board of Directors, on
the fourth Wednesday in September
of each year after September, 1902
Until the annual meeting as aforesaid
OF the stockholders, the affairs of this
corporation shall be conducted by the
following number of Directors. Wig:
Pedro B. Chisem, George w. Grove,
Floyd b. Wilson, Frank H. Hereford,
Max Mueller, William E. Lown and
Frederick K. Jones, who shall hold
ONCE until their successors are duly
elected. Vacancies in the Board OF
Directors shall be filled by a majority
OF the other Directors in ONCE.
ARTICLE VIII. i
The officers of this corporation shall |
be President, Weep President, Secre- |
tary. Treasurer and Attorney. and such |
other officers and agents as the Board |
OF Directors may deem necessary for |
the proper transaction of Its business. |
ARTICLE TX
The Board OF Directors OF this cor /
poration shall have power to increase |
or diminish its capital stock. or in
crease or diminish the number OF d. |
rectors by majority vote OF the |
stockholders represented at any reg
ular stockholders meeting, or any
special meeting of the stockholders.
In witness Whereof, We have here /
unto set our hands this 2Sth day of |
June. 1902.
FLOYD B. WILSON. (Seal1 |
FREDERICK X. JONES. tSeal.)
WILLIAM K. LowN. (Seal)
State of New iork.l
City and County )ss.
OF New York;
On Ibis 2Sth day of June, 1909, be-
fore me Percy w Crane, a Notary
Public. in and for the County and
State aforesaid. personally appeared
Floyd B. Wilson. Frederick X. Jones
and William E. Lown, Known to me
10 be the same persons whose names
are subscribed 10 the foregoing instru-
nent. and who duly Acknowledged TO
me that they executed the same free
y and voluntarily. for the use and
therein mentioned.
In witness whereof. have hereunto
'et my hand and afixed my oficial
zeal at my Office the day and year first
lhove written. My Commission ex-
,ires March 30th 1903.
PERCY w. CRANE.
Notary Public, New York County.
Sean.