Bisbee daily review., 1903-08-28

k2ONC III alA4S SC 7-6otA 1lonlAOi d1u SUI perintend any roais ways railways bridges reservoirs water courses ac- queducts wharves furnaces mills crushing works hydraulic works cleo trie works factories warehouses or other works and conveniences which may seem directly or indirectly con ducive to any of the objects of the company. and 10 contribute to. sub sidize or otherwise aid CT partake ,n any such operaLons.
 (O To subscribe for, buy. SC l or otherwise dispose of the capital stock or shares of the capital sock of this or any other corporation. and generally to do any and all acts ard things. and transact any and all other business incidental to the Dur. poses or any of the purposes afor D. said, and not contrary to the laws oi the territory of Arizona o rof tno United States.
 ARTICLE "
 The amount of the capitol stock Jf this corporation shall be One Mil lion Dollars (sl GOO 000) divided intt 'orty thousand (40.0Ool shares Of the par value of Twenty-Five Dollars (s25,00) each, 10 be paid in such man ner and at such times as the Board of Directors snail determine and au thorize.
 ARTICLE V.
 The time of the commencement oi this corporation shall be the date ct he filing in the office of the auditoI of the Territory of Arizona of a cer died copy of these Articles of Incor poration and the termination thereof shall be twenty-five (25) year: thereafter.
 ARTICLE VI.
 The affairs of this corporation shai De conducted by Beard of Directors | consisting of seven. (D directors who shall be stockholders of thii corporation. The first directors shall be Graham Pope. Rufus R Goodell. John H Rice. George c. Bar nun, Samuel Kaufman, Frederick G i Coggin and George c. Lawton, whc | shall hold office until the third Mon lay in May. 1904. and until their sue | cessors are elected and qualified | Thereafter the directors annually a a stockholders meeting 10 be held a | rh office of the company, either 1T | Bisbee, Arizona. or at Houghton | Michigan. on the thrd Monday 0 | May al 10 o'clock a. m. in eacl | year, shall be elected and qualify fol l the term of office commencing or i the third Monday in May in eacl 1 year. The Board of Directors shal ! nave power at any time 10 fill vacau cies therein. The board of direc tors shall have power to meet at any | place by them designated.
 ARTICLE VII
 The officers of this corporation | shall be a President, a Vice-President who must be elected by the board o | Directors from their own number. : l Secretary, Treasurer and such oth CT officers as the Board of Director may from time to time deem neces sary. A meeting of the board of direc | tors of this corporation shall be helt I on the 18th day of August, 1903 a l 10 o'clock a. n. of said day, at tn, ofice Of this corporation in Houghton Michigan, for the purpose of electin: fhe First President Vice Pre- 5'dsnt Secretary and Treasurer of this cor | poratioTF The said meeting may b. continued from day to day if neces | sary for said purpose. Thereafte, the officers of this corporation aoovt | enumerated shall be elected annuall1 1 by the Board of Directors at the frs | meetin of the board follow i ing the annual election of such di recrors. The office of Secretarl and Treasurer may, in the discretion | of the Board of Directors be held bI | ,ue person.
 ARTICLE VIII
 The highest amount of indebted ness or liability 10 which this cOrpo ration is at any time to subject II | self shall in no case exceed One Hun | dred Thousand Dollars (SI00 900. % except upon the written consent q | the holders of one-half (12) or up wards of the capital stock outstand 1 ing at the time the obligation is in 1 cured and in no case shall such in | debtedness be incurred 10 an amount l exceeding two-thirds (2-3) of the ou- standing capital stock of this corpo ration.
 ARTICLE TX
 The Board of Directors of this cor poration shall adopt bylaws which may be repealed or amended by Sd Board. -. .-
 ARTICLE x The private property of the stock holders of this corporation shall be wholly exempt from any and all lia bility for the corporate debts and lia bilities of this corporation.
 In Witness Whereof we have here unto set our hands and seals this 11tf ] day of August, 1903. O..
 FRANK H. HEREFORD, (SeAD H. B. PENNEY. (Seal E. A. MILLER. (Seal.