Bisbee daily review., 1903-08-27

prove manage work control and su- perintend any roads ways railways bridges, reservoirs water courses ac- queducts wharves furnaces mills crushing works hydraulic works cleo tric works factories warehouses nr other works and conveniences which | may seem directly or indirectly con 1 ducive to any of the objects of tn, I company and to contribute to. sub- sidize or otherwise aid CT partake ,n | any such one-at.ons. 1 (D To subscribe for, buy. SC 1 | or otherwise dispose of the canital stock or shares of the capital sock of this or any other corporation. and ! generally to do any and all acts ard i things, and transact any and all other business incidental to the pur- poses or any of the purposes afor l. said and not contrary to the laws of rhe territory of Arizona rof tnc United States.
 ARTICLE "
 The amount of the capital stock i Jf this corporation shall be One Mil ] lion Dollars (s1 GOO 0C0) divided into forty thousand (40 0O0l shares of the par value of Tweaty-Five Dollars fs25.00) each. to be pai3 in such man. ner and at such times as the Bcar-i of Directors shall determine and au- thorize.
 ARTICLE V.
 The time of the commencement of this corporation shall be the date of he flirg in the office of the auditor of the Territory of Arizona of cer- ,ifed copy of these Articles of Incor- | nd ha ,s.a . nf shall he twenty-five (25) years hereafter.
 ARTICLE VI.
 The affairs of th:s corporation shall De conducted by Board of Directors consisting of seven @ directors, who shall be stockholders of this corporation. The first directors shall be Graham Pope, Rufus R, Goodell. John H Rice. George G. Bar- mum. Samuel Kaufman, Frederick G. Coggin and George C. Lawton, who shall hold office until the third Mo7- day in May. 1904. and until their sue cessors are elected and qualified. r Thereafter the directors annually at , a stockholders meeting to be held at th office of the company, either in Bisbee, Arizona. or at Houghton. Michigan, on the thrd Monday of May at 10 o'clock a. n. in each year, shall be elected and qualify for the term of office commencing oLi the third Monday in May in each { year. The Board of Directors shall have power at any time 10 fiil vacau cies therein. The board of direc .ors shall have power to meet at any 1lace by them designated.
 ARTICLE VII The officers Of this corporation ! 1 shall be a President, Vice-President i who must be elected by the board Ct | i Directors from their own number. { Secretary, a Treasurer and such oIh ar officers as the Board Of Director: may from time 10 lime deem ueces ssry. 4 meeting Of the bCa!d of direc tors Of this corporation shall be helt on the 18th day Of August, 1903 a 10 o'clock a. n. Of said day. at tht office of this corporation in HOughton Michigan. Tor the purpose or electins The Firsc President. Vice Pre3'Gsnl B Secretary and Treasurer Of this Col % poration. The said meeting may D. if continued from day to day if neces q sary TOT said purpose. Tkereafte ,. the officers of this corporation aboy
 enumerated shall be e!ec-e annuall - oy the Beard of Directors al the frs 'F meecin of the beard follow
 ing the annual election Of such q
 rectors The office oI Sec etar
 and Treasurer may. in the discletlo N. of the Board Of Direc, ,ors be held b
 inc person.
 ARTICLE VIII
 The highest amount of indebte; n. ness or liability 10 which this corpC
 ration is at any time to subject
 self shall in no case exceed One HuI dred Thousand Dollars (sl00. .000.00 ts except upon the written consent | h. the holders of one-half (12) or ui " wards of the capital stock outstan' er- ing at the time the obligation is il ls- cured and in no case shall such il do debtedness be incurred to an amour CT exceeding two-thirds (2-3) of the ou a. standing capital stock of this corp of ration.
 ,c. ARTICLE K es The Board of Directors or th.s co
 poratiou shall adopt bylaws whlc
 may be repealed or anenGed by Sd on Board.
 To. ARTICLE x
 The private property or the stoc
 holders of this corpoI aiion shall | ,s- wholly exempt from any and all Il ra- biiity for the corporate debts and Il ,,. bil;ties of this corporation.
 -, In Witness Whereof we have her