Arizona republican., 1902-05-27

lars ($10W per share, and the same snail be issued when paid for in money ser ! vices or property as the Board of Di- rectors may determine. and when is- sued said stock shall be fully paid. and shall be non-assessable thereafter ARTICLE Y. The maximum amount of the indebtedness or liabilities of any kind which this corporation shall be authorized to incur. at any time. or tor which it can be made liable. is the sum of Five Hundred Thousand ($5O0,O00) which Indebtedness may be incurred at the discretion of the Board of Directors, by issue of bonds or other negotiable securities.
 ARTICLE VI. The private property of the stockholders of this corporation shall. at all times. be exempt from the debts of the corporation.
 l ARTICLE VII. The affairs of this corporation shall be conducted by 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 stockhoid- I CTS cf the corporation, and who shall l hold office until their successors are elected and qualify; provided, however i that the persons named herein as the incorporator 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 un- til their successors are duly elected and qualified and same as though said Di- rectors had been elected at 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 stockholder 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 at a 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 at which 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 or not.
 The President shall be the executive officer of tke corporation, and shall Cio-1 all checks (.t c 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 countersignad by either the secretary or treasurer.
 ARTICLE N. Any and all vacancies that may occur in the Board of Direct CTS shall be filled until the next annual election by the members of the Board Of Directors remaining in office.
 The Beard of Directors of the corpo- ration may appoint such committee or such business manager or managers To Sid in the nlanag gcment of the business of the corporation, as il may deem eA- pelient. and vest in such manager or managers. committee or committees, such power as the Board of Directors may deem best.
 ARTICLE NI. No person shall ba. eligible to the office of Director in this corporation unless he is a stocl1holGer. and any Director "easirs to be a stock holder shall thereupon cease to be a
 Director.
 As soon as practicable after the commencement of the existence of this corporation, the Directors shall meet and adept bylaws. and at any meet
 ing of the Board of Directors it may
 make such rules and regulations as it may deem necessary for the proper management of the corporation and it's
 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 h. l corporation may ba amended at any
 regular meeting of the stockholders, or l at any special meeting thereof called
 for the purpose. by tWC- thirds of the stockholders represented at such meet
 inG, either in person or by proxy, Vot- ing iH 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 ot < the corporation and by the secretary l and shall have the same force and l virtue as if signed by all of the stock 5 holders.
 2 IN WITNESS WHEREOF. we have | set our hands and seals this filth day : of April, \. D. 1902.
 T WILLIS B. TROY. CSeal, l THOS. J. HILL. (SeaL
 H. WM. STEVENS. (SeaI.l = Signed. sealed and acknowledged in the
 presence of Harry N. Cox. Q Territory of Arizona,
 s County of Maricopa, ss. = Before me. Harry \. Cox. Notary D Public in and for the County of Mari 7, copa, Territory of Arizona. on this da9 k personally appeared Thomas J. Hill. II ,. NVm. Stevens and Willis B. Troy q known to me to be the persons who's, d names are subscribed to the fOregOins = instrument, and acknowledged to m'
 that they executed the same for tho Q purpose and consideration therein eX