Bisbee daily review., 1903-07-14

property and undertaking of the com pany, or connected with any other transaction, and to distribute any such consideration among the members of the company, in specie, or in any such share, stock and obligations in any | company, association or society; to borrow money for any purpose of the company, and for the purpose of se- curing the same 0r otherwise, to mortgage or charge all or any part of the property of the company. and to create, make, draw, accept and issue, debentures, stocks and bills of ex- change. promissory notes or other obi gation or negotiable securities; to in vest, lend and deal with the moneys of the company not immediately required. upon such securities, and in such manner as may be from time to time determined by 75 per cent vote of the stock issued and outstanding; to sell, | alienate or otherwise dispose of the | entire property and holdings of the | corporation when thereunto authorized | by vote of at least two-thirds of the | capital stock of the company actually | issued and outstanding.
 ARTICLE VI.
 The amount of the capital stock au- dTu lut llIllc anu upon which it is to be paid, are as fol | lows: The amount of capital stock of this corporation shall be Five Mil lion (s5 .0O0 000) Dollars. divided into Five Hundred Thousand (500.00O) shares of the par value of Ten Dollars | (s10) each. and the same shall be issued when paid for in money, ser vices or property. as the Board of Di- rectors may determine. and when is sued shall be fully paid and shall be non-assessable.
 ARTICLE VII.
 The maximum amount of indebted ness or liabilities of any kind which this corporation shall be authorized 70 incur at any time is the sum of Five Hundred Thousand (s500. .000) Dollars.
 which indebtedness may be incurred at the discretion of the Board of Direct
 ors. by issuing bonds or other negotia-
 ble securities or instruments.
 ARTICLE VII.
 Private property of the stockholders
 of this corporation shall always be ex-
 empt from the debts of the corpora ltion-
 ARTICLE TX.
 The affairs of this corporation shall
 be conducted by a Board of Directors
 consisting of five (5l persons. which
 number may be increased at the will of
 the stockholders to any uneven num- , Der not exceeding eleven CID. Such
 directors shall oe elected at the regu- lar annual meeting of the stockholders of the corporation, and they shall hold
 office until their successors are elected and qualified. Provided. however. that , until the annual meeting hereinafter provided for. next succeeding the filing of these Articles of Incorporation, the r following named persons shall be and constitute the directors of this corpor-
 ation: Robert Mitchell, J. P. Tag : gart, T. H. Collins, F. J. Parkinson and c. J. Wheeler. Said directors r shall have the power of electing the , officers of the company, to serve until . their successors are duly elected and , qualified. the same as though said di - rectors had been elected at regular I annual meeting, as hereinafter pro 3 lvided.
 < ARTICLE
 |. The annual meeting of the stockhold I CTS referred to in Article TX shall bt |. held on the first Tuesday in April o > each year, at such place. either within , or without the Territory of Arizona, a Y the Board of Directors shall select d Notice in writing of the time and plac' d of such meeting shall be mailed to tn r. last known address of each stock ,- holder at least fifteen (15) days befor c the time of such meetir~ and cop. ;e of such notice shall be published in d newspaper of general circulation in tn n- County of Cochise, Territory of Ar r. zona. in at least two issues Of sai a paper. Called or extraordinary mee' d ings of the stockholders may De oi nj dered and convened at any time by tn r. president when thereunto authorize SO lby a majority vote of the Board Of ID 10 rectors. and the same shall be ordere IT, and convened without such anthorlzi II, tion upon petition of at least one-thiT V of the stock actually issued and ou a. standing. Like notice in writing 60 the time and place of such extrao fl: dinary meeting shall be given as in u SC case of the annual meeting. rr ARTICLE N.
 ca At all meetings of the stockholders <. representation of majority or u to capital stock which may be actual " issued and outstanding shall constitu ar a quorum for the transaction or Ous Id lness.
 he ARTICLE XII. th- inc OulCcTS LII 0--N Ter be a president, vice president trea or urer and secretary, who shall be ele' mt ed annually from among the directo all by a majority vote thereof, at met ,te ing held immediately after the annu "a. meeting of the stockholders. The vi ,or president and treasurer may be O or. and the same person. majority its said directors shall constitute qr ,ct rum. and any meeting of the directc nts at which a quorum shall be prese or. shall be a legal meeting The pre- all dent shall be the executive officer rtv the corporation, and shall sign all C. or lyeyances, checks, contracts and otn ess instruments. Provided, however, tf to all such instruments executed by |
 nresident shal1, before they shall r+o valid and binding upon this corpo ,ar tion be countersigned by the sec ,ra. tary. or. in his absence or inability ;sa act the treasurer. Any officer of ,nv corporation may be removed at a . -; time by a majority vote of the Boz on, of Directors and the vacancy there q e, created may be immediately filled b. -act like vote.
 a,' ARTICLE XIII.
 .1r vaoarciac that may