Arizona republican., 1902-05-28

vices or property as the Board of Di-
rectors may determine. and when is
sued said stock shall be fully paid. and
shall be worcestershire thereafter.
ARTICLE V. The maximum amount
of the Indebtedness or liabilities of any
kind. which this corporation shall be
authorized to incur. at any time. or for
which it can be made liable. is the sum
of Five Hundred Thousand ($5O0 O0O)
which Indebtedness may be incurred at
the discretion of the Board of Directors.
by issue of bonds or other negotiable
securities.
of the stockholders of this corporation
SHALL at all times, be exempt from the
debts of the corporation
ARTICLE VII. The affairs of this
corporation shall be conducted by a
Board of Directors which shall be COM
posed of not less than three. nor more
than nine persons, who shall be elected
at an annual meeting of the stockhold-
ers of the corporation, and who shall
hold office until their successors are
elected and qualify; provided, however
that the persons named herein as the
incorporators shall be the Directors of
this corporation until the annual meet
ing next succeeding the filing of these
Articles of Incorporation: said Direc-
tors shall have the power of electing
the officers of the company to serve I'M
til their successors are duly elected and
qualified and same as though said Di-
rectorS had been elected at a regular
annual meeting as provided herein
after in Article VIII.
ARTICLE VIII. The annual meet
ing of the stockholders referred to in
Section VII shall be held on the last
Saturday in January. ........ at such
place, either within or without the Ter
ritory of Arizona. as the Board of Di-
rectors shall select.
Notice in writing of the time and
place of such meeting shall be mailed
to each stakeholder of record at least
thirty days before the time of such
meeting.
ARTICLE TX. The officers of this
corporation shall be a president, vice
president. secretary and treasurer, who
shall be elected annually from among
the Directors a t meeting held imme-
diately after the annual meeting of the
stockholders.
The secretary and treasurer may be
one and the same person.
Any meeting of the directors al
which a quorum shall be present, shall
be a legal meeting, and the acts done
thereat shall have the same force and
effect as though passed by full board,
whether the absent members of the
board had notice of such meeting OF
not.
The President shall be the executive
officer of the corporation. and shall
sign all cOnveyances, checks, contracts
and other instruments, provided, how
ever that all such Instruments exc
cuted by the President, shall, before
they shall be valid and binding upon
this corporation, be countersigned by
either the secretary or treasurer
ARTICLE y. Any and all vacancies
that may occur in the Board of Direct
ors shall be filled until the next annual
election by the members of the Board
Of Directors remaining in office.
The Board of Directors of the corpo-
ration may appoint such committee or
such business manager or managers TO
sid in the management of the business
of the corporation. as it may deem eX-
pedient, and vest in such manager Or
managers. committee or committees,
such power as the Board of Directors
may deem best.
ARTICLE XI. No person shall b.
eligible to the office OF Director in this
corporation unless he is a stakeholder.
and any Director ceasing to be a stock
holder shall thereupon cease to be
Director.
AS soon as practicable after the
commencement of the existence of this
corporation, the Directors shall meet
and adopt bylaws. and at any meet
I nj ri of
make such rules and regulations as it
may deem necessary for the proper
management of the corporation and its
affairs which shall be consistent with
these Articles OF Incorporation and in
accordance with the laws of the United
States and the Territory of Arizona
ARTICLE XII. These Articles of In
corporation may be amended at any
regular meeting of the stockholders. or
at any special meeting thereof called
for the purpose. by two thirds of the
stockholders represented at such meet
ing, either III person or by proxy, Vot-
ing in favor of such proposed amend
ment, and whenever any such amend
ment of these Articles OF Incorporation
shall be made, the same shall be signed
and acknowledged by the President of
the corporation and by the secretary
and shall have the same force and
virtue as if signed by all of the stock
holders.
| IN WITNESS WHEREOF. we have
set our hands and seals this 18th day
of April, A. D. 1902
WILLIS B. TROY. (Seal)
THOS. J. HILL. (Seal.
H. WIN. STEVENS. (Seal)
Signed. sealed and acknowledged in the
presence of Harry \. Cox.
Territory of Arizona,
! County of Maricopa, IS.
Before me. Harry \. Cox a Notary
| Public in and for the County of Mari
copa, Territory of Arizona on this day
personally appeared Thomas J. Hill. II.
| VIM. Stevens and Willis b. Troy.
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
purpose and consideration therein ex-
pressed.
Given under my hand and seal of Of
fee, this fourteenth day of April. 1902.