Williams news., 1903-09-19

able, in consideration of the transfer to this corporation of property of any description, of contracts, stocks in other corporations, bonds notes, personal property, mining property, ser vices, chOses in 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 the books of the company, and must be signed by the holder thereof, or his agent duly author ized in writing the back of the certificate, and the certificate of stock must be surrendered to the company.
 ARTICLE 1.
 This corporation shall commence business as soon as these articles of incorporation shall be filed for record in the office of the county re- continue for term of twenty-five years after that date, unless sooner dissolved by law, or by the consent of two-thirds of its stockholders
 ARTICLE ,.
 The affairs and business of this corporation shall be conducted and managed by board of directors of not less than five nor more than dent, secretary and treasurer shall be eX-OfficiO members, and all of said directors shall either be stockholders in said corporation shall hold 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 i the following named persons shall constitute the board of directors of this corporation for l duly elected and qualified to-wit: Paul W. Abbott. A. N. White, A. H: Seabury, Henry l. members are hereby authorized to increase | their number to nine, by the election of addi- tional persons to serve on the board. all of whom shall hold their office until the next an- nual meeting or until their successors are duly elected and qualified, and said additional mem bers so selected by the five herein named shall hold their office with all the power and author ity they would have if specifically named here | in. Said board of directors shall have power to | accept the resignation of all of the m- bers thereof, and to elect successors therefor. The said newly elected directors to hold their office until the next annual meeting after their selection, with the same force and power as if elected by the stockholders at the annual meet 1 ing. The board of directors shall at their first meeting following the annual election elect | from their body 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 of meeting of the board, and may call special meetings of stockholders whenever in their judgment the same is necessary; Such special the president, and said meetings may be called by any two other officers of the company, and One-third of the outstanding stock of the cor poration, the purpose of such special meeting being always specified in said call. The board of directors may select an executive committee to whom they may delegate the same authority and power as they exercise Said executive 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 6.
 The board of directors may adopt bylaws fol the government of this corporation, and make all rules and regulations deemed expedient fol the management of the affairs of this corpora tiOn and the officers thereof, and not incOnsist ent with the law and these articles.
 ARTICLE :.
 The board of directors shall have the power tion, or any part thereof; but any such salt shall be authorized by vote of two-thirds of tho lar or special meeting of the stockholders, whc shall be given written or printed notice O such contemplated sale not less than twenty days before such meeting. This article is moi to be construed as limiting the authority of tho board of directors to sell or dispose of any linn course of the regular operation of the corpora tion, the intention being hereby to limit the power of the board to sell all or the greater par of the corporate property. outside of the ord nary operation and maintenance and carrying on of the legitimate business of the corporation
 ARTICLE 8.
 All certificates of stock, deeds, mortgages bonds, notes or other evidences of indebtedness power of attorney releases of mortgage, con tracts, and leases shall be signed by the presi dent or vice president and countersigned by the secretary or assistant secretary, by the treasurer, but the boards of directors may au thorize the general manager, superintendent or other officers or agents of the corporation tC execute leases or contracts, but no such con tracts or leases may be executed to bind the corporation in excess of the sum of Five Thou sand ($5 5000.00) Dollars, unless the same be rati HeQ Dy the DOarQ O1 directors or the executive committee, nor may the subordinate official: lease the mines, shelter or other main portion. of the corporate property, without the direc authority of the board.
 ARTICLE g.
 The highest amount of indebtedness fol ; which this corporation shall at any time bt liable shall not exceed two thirds of it's entire capital stock as provided by law.
 ARTICLE 10.
 The private property of the stockholders o this corporation shall not in any event be liable for Of the corporate debts ObliQatiOnS
 ARTICLE Il.
 These articles may be amended at any regular or special meeting of the stock holders by the affirmative vote of two-thirds of the outstand ing issued stock, exclusive of such stock may be in the treasury, but any such amendment must be submitted in written or 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
 In witness whereof we have hereunto set our hands and seals this sixth day of August, A. D.