The Arizona sentinel., 1903-10-28
No. of Amount oi
Subscribers.
S5n.mlNO

sixtL-The capital stock shall, at such time or times as the board of directors or 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 it's uses and ps1rposes and in payment of such property, so sold and transferred 10 this corporation. shares Of the capital stock of the corporation may he issued and inc capital stock So issued therefor shall thereupon and thereby become and he fully paid up and non-assesSablc, and in such transaction the Judgment of inc board of directors as to the value of the property shall ba final and con- elusive. as well upon She corporation itself as upon She creditors thereof and Of any stock boideT subscribing hereto or hereafter ac- gutring stock Of the said corporation.
 Seve1Htll-The time Of the commencement Of tk5s corporation shall be the date or the fsssEs Of these Articles Of Incorporation in tnseS+sTeSofthe County Recorder and the du- ration therPofshall be twenty-five years.
 Eighth-Thc affairs of this corporation shall be conducted by 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 tive. Tine first board of di- rectors shall consist of George B. Post John Franklin Miner, Erastus F. Pierce. Ernst F. Seiple and Joseph F. Mitchell, who shall hold office until the first Tuesday after the second Monday In July. A. D. i90i (which Tuesday in each year thereafter shall be the time of the annual meeting of the stockholders un- less hereafter changed or altered in accord ance with tho by-iinvS of the association or untl their successors are duly elected. All di- rect0rs of this corporation shall be stock holders thereof but need not be residents of the Territory Of Arizona.
 Ninth: T.3eofIicegs of this corporation shall consist of a president, vice-president, secre- tary, treasurer an q superintendent and shall De elected rg- tlse board Of directors immedi- ately af.-,sscif annual meeting cF the stock bpfders and ,acsf fpolf odtco u1rta the next SnEnsr meeting CT untij their saccassors are t{o.tcd. One person may. al the pleasure of she hoard. hold the oficc Of both treasure. z3d secretary. The officers until the next ;tn- SsRal meeting 0r tha stockholders, or until a!fsir s,IrcesSors ale elected, sh;ll be as fol Eo7ss:
 John Franklin Miner, President,
 George 5. Post, Vice-presldeit.
 Ernst Fl. Seiple Secretary and treasurer,
 ErastGs E, Pierce. Superintendent.
 Ts'ssth---The highest amount or indebted EeSs OT disability If Indebtedness, or liability, direct or eontiItCeTyt, to which this cnrpora- fion Is at ;sIay tiIgse syrHert shah De one han drad thousand dollars, which agnouTS does not exceed lwo-ihirds 0f tbe amount Of the ea2Ital stock of the corporation.
 Eleven th:-Thc pri vatc propnrt Y of the stock hol.lerS of the corporation shall bc exempt from corporate ,tehts of an l7tlCT whatsoever, T've'fth-hH StockholdeTs may vote at meetings thereof either iR person or by proxy.
 Thirteenth h-The stockholders shall adopt bylaws "a their first HlEssiIisz after the crea- ton of tLis c'S1,ortttpis, iIs which such mat tcrs If the crTTog@ffln ,s the stock holders Bee .it I5sae- R.- rcs14i;s4cd, and which bylaws may fr01n rilAC 10. time be altered. amended. added fTand repealed nI the manner set forth and prU,fdcd for therein.
 Tn witness whereof we have hereunto set our hands and affixed our seals this twen tietl day 0f June. fn the veaE of our Lord one khouEssnG nine hundred and three.
 ElstStuS F Pierce, IScall
 John Franklin Miner, fSeall
 Ernst IT. Sciple. iS.al.