Williams news., 1903-08-29

1 able, in consideration of the transfer to this | corporation of property of any description. of i contracts, stocks in other corporations, bonds, notes, personal property, mining property, ser Vlces choseS ia action, or any other valuable consideration. 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 l the books of the compnny and must be signed by the holder thereof. or his agent duly author lZed in writing on the back of the certificate and the certificate Of stock must be surrendered to the company.
 1 ARTICLE |
 ! This corporation shall commence business as soon as these articles of incorporation shall be filed for record in the office of the county re- ! cofdef of CoconinG county, Arizona and it shall continue for term of twenty-five years after l that date, unless sooner dissolved by law or by the consent of twO-thirds of its stockholders ARTICLE D.
 | The affairs and business of this corporation shall be conducted and managed by board of directors of not less than five nor more than
 nine members, and the president vice-pres-
 dent, secretary and treasurer shall be ex-otficio
 members and all of said directors shall either
 be stockholders in said corporation shall
 hold a power of attorney from some stockholder of said company, which power of attorney shall
 be placed on file in the office of the corporation.
 Said officers and members of the board of di-
 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
 tbe 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.
 Nesmith and George F. Wheeler, and said five
 members are hereby authorized to increase
 their number to nine, by the election of addi-
 t0nal persons to serve on the board. all of
 whom shall hold their office until the next
 nual meeting or until their successors are duly
 elected and qualified and said additional mem hold their office with all the power and author lty they would have if specifically named here accept the resignation of any or all of the mem
 Ders thereof, and to elect successors therefor. The said newly elected directors to hold their ofhce 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 Il 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 V of meeting of the board, and may call special f meetings of stockholders whenever in their s judgment the same is necessary. Such special ;, meetings of stockholders may also be called by the president, and said meetings may be called l must be so called when requested in writing by one-third of the outstanding stock of the cor l poration, the purpose of such special meeting being always specified in said call. The board f of directors may select an executive committed t to whom they may delegate the same authority = and power as they exercise. Said executive t committee shall keep true and complete records of all their actions: and report the same to the . board of directors from time to time.
 ARTICLE $.
 l The board of directors may adopt bylaws foI s the government of this corporation and make ! all rules and regulations deemed expedent for i the management of the affai rs of this corpora tion and the officers thereof, and not inconsist ' ent with the law and these articles.
 ARTICLE r.
 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 saIe shall be authorized by vote of two-thirds nj the capital stock outstanding, voted at some regu. lar or special meeting of the stockholders, who
 hal hA oiy ittA,, ,ri,, ,.,1 a,o l. such contemplated sale not less than twenty a 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 linn.
 lted portion of the property n the ordinary
 ton, the intention being hereby to limit the
 power of the board to sell all or 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 s.
 All certificates of stock, deeds, mortgages
 bonds, notes or other evidences of indebtedness
 power of attorney, releases of mortgage, con, q tracts, and leases shall be signed by the presi- f dent or vice president and countersigned by
 the secretary or assistant secretary, or by the treasurer. but the boards of directors may nu- | thorize the general manager, superintendent . or other officers or agents of tine corporation to I execute leases or contracts, but such con- tracts or leases may be executed to bind the
 corporation in excess of the of Five Thou
 sand (S5,O 00) 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 oth er main portions I of the corporate property, without the direct authority of the board.
 1 ARTICLE 9.
 |, The highest amount of indebtedness for s which this corporation shall at any time be [ liable shall not exceed two-thirds of it's entire 2 capital stock as provided by law.
 ARTICLE 10.
 The private property of the stockholders of
 this corporation shall not in any event be liable :, for any of the corporate debts or obligations. i ARTICLE Il.
 These articles may be amended at any regular or special meeting of the stockholders by the affirmative vote of two-thirds of the outstand- , ing issued stock, exclusive of such stock as may
 be in the treasury, but any such amendment
 must be submitted in written printed mo- 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. l In witness whereof we have hereunto set our hands and seals this sixth day of August, A. D. unuz5k1ze5sEiDSscafsR