Arizona republican., 1902-04-09


 dollars Cs6O,OO0).
 Section ?. This corporation may Dor 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 hypothecate all or any part of its property to secure payment of it's debts or loans. and on such terms as its Board of Directors may deter mine.
 ARTICLE VI.
 Section 1. The stockholders of thie 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 a 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 p. m. at the office of the Company in Phoenix. Arizona.
 Section ?. The Directors shall hold office Ior one year and until their sue cessors are elected and qualified.
 Section 9. Directors ceasing to be stockholders shall cease to be direct CTS or officers of this corporation.
 Section i. Vacancies ir the Board of Directors or officers of this corporation shall be filled for the unexpfred term by the remaining members of the Board of Directors.
 Section 3. The Beard of Directors shall have power to make. amend and alter bylaws for this corporation. and to make all needful rules and regula- tions for the management of its affairs.
 ARTICLE VIII.
 Section l. The officers of this corpo- : ration shall be 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 Of the stockholders. The Vice President and Secretary. or 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 10 the approval of the Board of Direct OTIS. And until the annual meeting Oi January, 1903, the following named per sons shall be the Directors of this cor poration, viz: James R. Thorpe. Thomas Armstrong. Jr., and James II. Pershing; and the following shall he the officers of said corporation, viz: James R. Thorpe. President. arG Thomas Armstrong, Jr., Vice P-esi- dent.
 Section 7. All certificates of stock. bonds water rights. deeds and convey ances shall be signed in the corporate name by the President, or in his a5- sence. by the Vice President, and De countersigned by the Secretary, and nave affixed t:"reto the corporate seal. Section .. The Beard O. Directors shall have power and authority to ap- point any ether agent C. agents tO aid in the management Of its business. and in conducting the affairs Of said cor poratio1 that they may deem advis- able, and may vest in such agent or agents such powers as they may deem expedient And said Board of Direct CTS shall have the power and author ity to fix the compensation to be paid 60 the officers. agents and employees and directors of this corporation.
 ARTICLE IN.
 Section | Stockholders shall have the right to cast one vote for each share Of stock owned. at all stockhoId- CTS meetings. either in person or by proxy in writing thereto duly author ized.
 In witness whereof we have hercunto set our hands this 21st day of March. \. D. 1902.
 JAMES F. THORPE.
 THCS. ARMSTRONG. Jr. Territory Of Arizona.
 County of AIaricopa. ss
 Before ne. Thos. J. Prescott. No tary Public in and for the County of MaricGpa, 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 Ee that they executed the same for the purposes and considerable therein ex- II essed.
 Given under my hand and sea! Of of fee this 21st day of March. \. D. 1o52. (Notariai Sea1l
 THOS. J. PRESCOTT.
 Notary Public. My commission expires on the 5th day of Dec 1904
 First publication April 9.