Williams news., 1903-09-05

corporation of property of any description. of l contracts, stocks in other corporations, bonds, notes, personal property, mining property. ser vices, choses in action, or any other valuable l 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 l the books of the company, and must be signed by the holder thereof, or his agent duly author iZed in writing on the back of the certificate, and the certificate of stock must be surrendered to the company This corporation shall commence business as soon these articles of incorporation shall be 1 corder of COcOnino county, Arizona nd it shall 1 continue for term of twenty-five years after 1 that date unless sooner dissolved by law 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 nine members, and the president, vice presi- dent, secretary and treasurer shall be eX-ohicio members, and all of said directors shall either l be stockholders in said corporation shall hold power of attorney from some stock ckholder be placed file in the office of the corporation. Said officers and mem mbers of the board of di- lar annual meeting of the stockholders. to be l held at the office of the company upon the nm S sba
 the board of directors of this corporation for the ensueing year or until their successors are duly elected and qualified, to,wit: Paul W. Abbott, A N. White, A. H. Seabury, Henry I.
 Nesmith and George F. Wheeler. and said five
 members are hereby authorized to increase
 their number to nine, by the election of addi- tlOnal 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 any or all of the mem-
 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
 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
 M the same is necessary Such % special M 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 t 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.
 l The board of directors may adopt bylaws for s the government of this corporation, and make l all rules and regulations deemed expedient for the management of the affairs of this corpora tion and the officers thereof and not inconsist- 7 ent with the law and these articles.
 ARTICLE '.
 The board of directors shall have the power
 to dispose Of all Of the property of the corpora 1, ton, or any, part thereof; but any such sale shall be authorized by vote of two-thirds of the capital stock outstanding, voted at some regu- , lar or special meeting of the stockholders who shall be given written or printed notice of Snch pOnfpm than tyyn nj V . days before such meeting. This article is not to be construed as limiting the authority of the
 board of directors to sell or dispose of any linn.
 ited portion of the property in the ordinary
 course of the regular operation of the corpora
 power of the board to se ali or the g greater
 of the corporate property. outside of the ordi-
 nary operation and maintenance and carrying
 on of the legitimate business of the corporation
 ARTICLE 8.
 All certificates of stock, deeds, mortgages
 bonds, notes 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 countersigued by the secretary or assistant secretary, by the :, treasurer, but the boards of directors may au 2 thorize the general manager, superintendent
 or other officers or agents of the corporation to !, execute leases contracts, but no such con. ! tracts or leases may be executed to bind the
 corporation in excess of the sum of Five Thou sand 1000 00) Dollars, unless the same be rati
 fled by the board of directors or the executive
 committee, nor may the subordinate officials
 lease the mines, smelter or other main portions I of the corporate property, without the direct l authority of the board.
 I ARTICLE 9.
 The highest amount of indebtedness for s which this corporation shall at any time be liable shall not exceed two thirds of it's entire 2 capital stock provided by law.
 ARTICLE 10.
 l. The private property of the stockholders oi
 this corporation shall not in any event be liable
 for any Of the corporate debts obligations. ARTICLE Il.
 These articles may be amended at any regular or special meeting of the stock holders by the , ing issued stock exclusive of such stock as may be in the treasury, but any such amendment
 must be submitted in written or printed mo- tce mailed to the address of each stockhclder as shown by the books of the corporation at least fifteen days prior to the voting upon the same. l In witness whereof we have hereunto set our t hands and seals this sixth day of August, A. D.