Williams news., 1903-10-03

able, in consideration of the transfer to tn contracts, stocks in other corporations, bonds, notes personal property, mining property. ser vices, choSes in action. or any other valuable consideration
 Each share of stock shall be entitled to one vote at any meeting of the stockholders All the books of the company, and must be signed by the holder thereof, or his agent duly author- ized in writing the back of the certificate. and the certificate of stock must be surrendered to the com mpany-
 ARTICLE4
 This corporation shall commence business as soon these articles of incorporation shall be filed for record in the office of the county re- corder of Coconino county, Arizona and it shall that date, unless sooner dissolved by law, or by the consent of two-thirds of its stockholders.
 ARTICLE ,.
 The affairs and business of this corporation shall be conducted and managed by board of directors of not less than five more than nine members, and the president. vice presi- dent, secretary and treasurer shall be ex-oficiO membe and all of said directors shall either be stockholders in said corporation or shall hold power of attorney from some stock holder of said company, which power of attorney shall be placed on file in the office of the corporation. rectOrs shall be elected each year at the regu- lar annual meeting of the stockholders, to be held at the office of the company upon the second Tuesday in August Of each year. and the following named persons shall constitute the board of directors of this corporation for duly elected and qualified, to-wits Paul W. Abbott, A. N. White, A. H; seabury,, Henry l. Nesm1th and George F. Wheeler, and said hve their number to nine, by the election of addi- tl0nal persons, to serve on the board. all of nual meeting until their successors are duly elected and qualified, and said additional mem bers so selected by the five herein named shall hold their office with all the power and author ity they would have if specifically named here- the of or ali o | bcrs thereof, and to elect successors therefor The said newly elected directors to hold their office until the next annual meeting after their selection, with the same force and power as if elected by the stockholders at the annual meet | ing. The board of directors shall at their first meeting following the annual election elect from their body a president. vice president secretary and treasurer and such other officers and assistants, managers or agents, as by them are, or may be deemed necessary in the man. agement of the affairs of the corporation. The | board of directors shall fix the time and place of meeting of the board, and may call special meetings of stockholders whenever in their meetings of T stoeR6oiders % may also % be called by the president, and said meetings may be called | by any two other officers of the company, and must be so called when requested in writing by One-third of the outstanding stock of the cor poration, the purpose of such special meeting of directors may select an executive committee to whom they may delegate the same authority and power as they exercise. Said executive of all their actions. and report the same to the board of directors from time to time.
 ARTICLE 6.
 The board of directors may adopt bylaws for | the government of this corporation, and make all rules and regulations deemed expedient for | the management of the affairs of this corpora- ton and the officers thereof and not inconsist- l ent with the law and these articles.
 | ARTICLE '.
 The board of directors shall have the power to dispose of all of the property of the corpora | tion, or any part thereof; but any such sale shall be authorized by vote of two-thirds of the capital stock outstanding, voted at some regu- lar or special meeting of the stockholders, who | shall be given written or printed notice of such contemplated sale not less than twenty days before such meeting This article is not to be construed as limiting the authority of the board of directors to sell or dispose of any lim- | tied portion of the property in the ordinary course of the regular operation of the corpora tion, the intention being hereby to limit the of the corporate property, outside of the ordi- nary operation and maintenance and carrying on of the legitimate business of the corporation. l ARTICLE 8.
 All certificates of stock, deeds, mortgages, | bonds notes or other evidences of indebtedness, power of attorney, releases of mortgage, con- l tracts, and leases shall be signed by the presi- dent or vice president and countersigned by the secretary or assistant secretary, or by the | treasurer, but the boards of directors may au- thorize the general manager, superintendent or other officers or agents of the corporation to tracts or leases may be executed to bind the | corporation in excess of the sum of Five Thou sand ($500o.0O) Dollars, unless the same be rati-
 fled by the board of directors the executive | committee, nor may the subordinate officials lease the mines, smelter or other main portions of the corporate property, without the direct authority of the board.
 ARTICLE g.
 The highest amount of indebtedness for which this corporation shall at any time be liable shall not exceed two othirds of its entire capital stock as provided by law.
 ARTICLE TO-
 ! The private property of the stockholders of this corporation shall not in any event be liable for any of the corporate debts or obligations. | ARTICLE H.
 These articles may be amended at any regular or special meeting of the stock holders by the affirmative vote of two-thirds of the outstand- ing issued stock, exclusive of such stock as may l be in the treasury, but any such amendment tice mailed to the address of each stockholder as | shown by the books of the corporation. at least | fifteen days prior to the voting upon the same In witness whereof we have hereunto set our hands and seals this sixth day of August, A. D.