The Arizona sentinel., 1903-09-16
Names Of Subscribers,
No. of Amount of
SAn.nn.O0

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 inc board of directors as to the value of the property shall e final and con- elusive. as well upon the corporation itself as upon the creditors thereof and of any stock holder subscribing hereto or hereafter ac- quiring stock of the said corporation.
 Seventh-The time of the commencement of this corporation shall be the date of the filing Of iTese Articles of Incorporation in the SEsicre6sSke CoanSy Recorder and the du- ration titegV-of- sfssaB Fs- twenty-five years.
 Eighth-rhe affairs of ChTs corporation shall be conducted by a board of five directors, but such number may beincreaSed or diminished from time Co time. in accordance with the by laws of the corporation, provided the number never falls below fire. The first board of di- rectOrS shall consist of George B. Post. John Franklin Miner, Erastus .. Pierce. Ernst H.. Seiple and Joseph F. Mitchell, who shall hold office until the first Tuesday after the second Monday in July, A. D. 1901, (which Tuesday in each year thereafter shall be the time of the annual meeting of the stockholders un- less hereafter changed or altered i'm accord ance with the bylaws of the associatfon) or nm fir fbeir SuccpSSOrS ITO d1,fy- oleefo,E rectOrs of this corporation Sham be stock holders thereof but need not be residents of the Territory of Arizona.
 Ninth: Tine officers of this corporation shall consist of president, vicr-rresident, secre- tary, treasurer sslss superintendent. and shall be elected bs' tits Board of directors Tr4Medf- afelv after e;uff aarrual meeting Of the stock holders and sh:cf hold office untfT the next annual Irreeting- 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 unt the next an nuaI meeting of the stockholders, or until their successors are elected, shall be as fol- lows:
 John Franklin Miner, President,
 GeoFsye E. Post, Vice President
 Ernst n. Seipl. :,ecretary and treasurer
 Erastus E. Pierce. Superintendent
 Tenth:-The highest amount of indebted ness or liability of indebtedness, or liability, direct or contingent, to which this corpora tion is at 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.
 Eleventh:-The private property of the stock holderS of the corporation shall bp exempt from corporate debts of any kind whatsoever, Twelfth-All stockholders may vote at meetings thereof, either in persor OF by proXy.
 Thirteenth The stockholders shall 1dopt bylaws at their first meeting after the crea- ton Of this corporation, in which such ma t. ters of the corporation as the stockholders see it may lse regulated, and which bylaws may from time to time be altered, amended added tO and repealed in the manner set forth and provided for S3Ierein.
 Tn witness whereof we have hereunto set eur hands and stffi xed our se;tis this twentieth day of June, in the year of our Lord one thousand nine hundred and three
 Erastus F Pierce, Seall
 John Franklin Miner, TScall
 Ernst H. Seiple. [Seall
 IIuicthy $. W hite, [Seall