Williams news., 1903-10-10

able, in consideration of the transfer to this corporation Of property of any description of notes, personal property, mining property, ser vices choses in action, or any other valuable
 Each share of stock shall be entitled to one vote at any meeting of the stockholders. All transfers of stock to be valid must be made on the books of the company, and must be signed by the holder thereof. or his agent duly author iZed in writing on the back of the certificate, and the certificate Of stock must be surrendered
 ARTICLE f.
 This corporation shall commence business as soon as these articles of incorporation shall be fled for record in the office of the county re- corder of Coconino county Arizona and it shall continue for term of twenty-five years after that date. unless sooner dissolved by law, or by the consent of two-thirds of it's stockholders.
 ARTICLE 5.
 The affairs and business of this corporation shall be conducted and managed by a board of directors of not less than five nor more than nine members, and the president, yice-presi- dent, secretary and treasurer shall be ex-oiiicio members, and all of said directors shall either be stockholders in said corporation or shall hold power of attorney from some stockholder 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 the following named persons shall constitute the board of directors of this corporation for the ensueing year or until their successors are duly elected and qualified. to-wit: Paul w. Abbott, A. N. White, A. H. Seabury, Henry I. members are hereby authorized to increase their number to nine, by the election of addi- whom sba tbe ece S unt e s 0 nual meeting or 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 in Said board of directors shall have power to accept the resignation of any or all of the mem bers thereof, and to elect successors therefor The said neWy tTy elected directors to hold 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 1 from their body president. vice president, secretary and treasurer and such other off ficers 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 stockholders 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 being always specified in said call. The board i 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- tion and the officers thereof, and not inconsist- 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 printed notice of such contemplated sale not less than twenty to be construed as limiling the authority of the board of directors to sell or dispose of any linn | ited portion of the property in the ordinary course of the regular operation of the corpora tion, the intention being hereby to limit the power of the board to sell all the greater part of the corporate property. outside of the ordi- nary operation and maintenance and carrying on of the legitimate business of the corporation. | ARTICLE 8.
 All certificates of stock, deeds, mortgages, bonds, notes or other evidences of indebtedness,