The Arizona sentinel., 1903-10-14
No. of Amount of
Subscribers.
SNn.MN.nO

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. either in cash or by the sale and trans fer to this corporation of real and personal property for its 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 thereupon and thereby become and he fully paid up and non-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 &C., qu;rfng stock Of the said corporation.
 Seventh-The time of the commencement of this corporation shall be the date of the filIng of these Articles of incorporation in theOrice ofthe County Recorder and the du- ration thereof shall be twenty-five years.
 Efghth-The affairs of thls corporation shall De conducted hy board 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 never falls below five. The first board of di- rectors shall consist of George B. Post. John Franklin Miner, Erastus F.. Pierce. Ernst H. Seiple and Joseph F. Mitchell, who shall hold office until the first Tuesday after the second Monday in July, 4. D. 1901, (which Tuesday fin each year thereafter shall be the time of the annual meeting of the stock holders un- less hereafter changed or altered in accord ance with the bylaws of the association or until their successors are duly elected. All 6i- TectOrS of this corporation shall be stock holders thereof but need not he residents of the Territory Of Arizona.
 Ninth: Tine officers Of this corporation shall consist Of president, viee-presfdent, secre- fary, treasurer and superintendent, and shah De elected by tire board of directors fmlnedi- ately after esch annual meeting Of the stock holders and shah hold office until the next annual meeting or until their successors are elected. One person may, at the pleasure of the board. hold the office of both treasurer and secretary. The officers until the next an- nual meeting of the stockholders, or until their successors are elected, shall be as fol- lows:
 John Franklin Miner, President
 George B. Post, Vice-Presldef:t,
 Ernst H. Seiple, Secretary and treasurer,
 EraStuS F. Pierce, Superintendent.
 Tepth:-The highest amount of indebted ness or liability of indebtedness, or liability, direct Or contingent, to which this corpora tiOn is st any time subject, shall be one hun- dred thousand dollars which amount does not exceed twO-thirds of the amount Of the capital stock of the corporation
 Eeventh:-The priv property ofthe stock holders of the corporation shall be exempt from corporate debts of any kind whatsoever, Twelfth-A1f stock holders may vote al meetings thereof. either in person or by proxy.
 Thirteenth-The stockholders shall adopt bylaws at their first meeting after the erea- ton Of this corporation, fin which such ma f. ters of the corporation as the stock holders see fit DlAy he reguTateSf, and which bylaws may frosn JiBSc tO time be altered. amended. added to and repealed in the manner set forth and pro -i7etI for therein.
 Tn witrsess whereof we have hereunto set our hands and sffi xed our seals this twentieth day of JUDe, in the year Of our lord one 1hOusand niDc hundred and three
 Erastus E. Pierce, tSeaIl
 Jobn Franklin Miner, LScaIl
 Ernst H SeiplP. IScall
 Timothy S. White, ISoali