The Tucson citizen., 1902-07-23

receive out or 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
idend shah be set apart or paid on the
common stock. All said stock. wheth-
er preferred or common, shall he is
sued paid up and worcestershire. in
exchange for cash. services or prop
erty. The company shall not do any
bushes apart from its own organiza-
tion until 10000 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 ,000. 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 a Board of seven Directors,
TO be elected at the anual meeting Of
the stockholders, which shall be held
at the ONCE OF the company. to be des-
lgnated 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. viz:
Pedro r. Chisem, George w. Grove,
Floyd B. Wilson. Frank II. Hereford.
Max Mueller. William f. Lown and
Frederick X. Jones. who shall bold
ONCE until their successors are duly
elected. Vacancies In the Board OF
Directors shall be filied by majority
OF the other Directors In once.
ARTICLE VIII.
The officers OF this corporation shall
be a President. Vice 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 Beard OF Directors OF this cor
poration shall have power TO increase
or diminish Its capital stock. or tn
crease or diminish the number of d.
rectors by a majority vote OF the
represented at any reg
ular stockholderx' meeting. or any
special meeting OF the stockholders.
In witness Whereof, we haye here
unto set our hands this 2sth day of
June. 1902
FLOYD b. WILSON. fsAai)
FREDERICK X. JONES. ts%aL)
WILLIAM r. IyOWN. tSesD
State Of New iork.l
City and County lna.
OF New York;
On IBIS 2sth day OF June, 1909. BE-
fore ms Percy w. Crane. q Notary
Public. In and for the County and
State aforesaid. personally appeared
Floyd u. Wilson. Frederick X. Jones
and William E I>own. Known 10 me
TO be the same persons whose names
are subscribed 20 the foregoing fnstxu"
ment, and who duly acknowledged TO
me that they executed the same free
ly and voluntarily. for the use and
purposes therein mentioned I
In witness whereof. have hereunto
set my hand and afaxed my ofnciai
seal at my Office the day and year GTst
above written NY Commission ex-
pires March 30sh 1904
PERCY w. CRANE.
Notary Public, New York Cot@ty.
SenfA