The Arizona sentinel., 1903-09-23
No. of Amount of
Names of SnhScfitHnrS.
SrWl.ONl.OO

SiXth-The capital stock shall. at such time or times as the board Of directors Of this cor poration shall direct, be paid into this corpo- ration. eitherin cash or by the sale and trans fer to this corporation of real and personal property for it's uses and purposes and in payment of such property, so sold and transferred to this corporation, shares Of the capital stock of the corporation may be issued and the capital stock 'so iSsued therefor shall thcreupon and thereby become and he fully paid up and nnn-assessable, and in such transaction the Judgment of the board of directors as to the value Of the property shall be final and con- elusive. as well upon the corporation itself as upon the creditors thereof and of any stock holder subscribing hereto or hereafter ac- qu'ring stock of the said corporation.
 Sevcnth-The time of the commencement of this corporation shall be the date of the ming Of tfieSe Articles of Incorporation in thesIfiTS~-ofIEs. County Recorder and the du- ration thereof sh,sfl be twenty-five years.
 Eighth-The affairs Of this corporation shall De conducted nv heard of five directors, but such number may be increased or diminished from time to time. in accordance with the by laws of the corporation, provided the number
 
 rectorS shall consist Of George B. Post. John Franklin Miner, Erastus E Pierce Ernst H. Seple and Joseph F. Mitchell who shah hold office until the first Tuesday after the second Monday in july. \. D. 1904 (which Tuesday in each year thereafter shall be the time of the annual meeting of the stockholders un- 1psS hereafter changed or altered in accord itnce with the bylaws of the assocfatIoml or until their successors are duly elected. All di- rerf0rs or this corporation shall be stock holders thereof bat need not he residents of th- Territory of Arizona.
 Ninth: The officers of this corporation shah consist of president. vfee-presitlent, secre- tarv, fF-ssCrer ana superintendent, and shall be elected by- tfls. board or directors fnnedf- atelv after n annual meeting er the stock holders and shall holG office untfI the next annstai meeting or uniif their successors are eiectr,t. One person nnstv at the pleasure of the board. hold inc office of both treasurer and secretary. The officers until the next an- nual meeting of the stockholders. or until their successors arc elected. shall be as fol- lows:
 John Franklin Miner, President,
 George E. Post, Nice-P President.
 Ernst H. Seiple -ecretary and treasurer, Eras5Rs F. Pierce. Superintendent
 Tentil:-rhP highest amount of indebted- nesS or liability of indebtedness. or liability, direct or contingent, to which this cnrpora- ton is at any lime subject, shall be one hum dred thousand dollars, which amount does not exceed twO-thirts of the amount ofthe capital stock of the corporation
 Elrventh:-The private property ofthcstock- holders of tho corporation shall be exempt from cor;lorate debiS Of any kind whatsoever, Twelnh-An stock holders may vote as meetings thereof either iR person or by proNy.
 Thirteeath-The stock holders shall adopt bylaws al their first meeting after tht, c-ress- tinn Of this corporation, in which such IrIa L. ters Of the corporation as the stockholders see iit may ne fegufaisd, and which bylaws may from time to time De altered. arrlended added to aud repealed tn the manner set fort h and provided for therein.
 lu witness whereof we have hereunto set our hands and atfix xed our seals this twentieth day Of June, in the year Of our Lord one thousand nine hundred and three.
 Erastus k Pierce, Seal
 John Franklin Miner, TSeall
 EruSt 1T. Seiple. fSeall
 aiIDptDS S- N hile, tScIlI