Williams news., 1903-09-26

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, chooses in action. or any other valuable consideration Each share of stock shall be entitled to one 1 vote at any meeting of the stockholders All 1 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 on the back of the certificate, and the certificate of stock must be surrendered l to the company This corporation shall commence business as l soon as these articles of incorporation shall be filed for record in the office of the county re- corder of COconjn0 county. Arizona and it shall continue for term of twenty-five years after l that date, unless sooner dissolved by law, or by the consent of two-thirds of its stockholders.
 ARTICLE D. 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-oficio members, and all of said directors shall either be stockholders in said corporation or shall hold power of attorney from some stock holder 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 d1- 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 the board of directors of this corporation for the ensueing year or until their successors are Abbott, A. N White, A. H. seabury, Henry l. Nesmith and George F. Wheeler, and said five 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- elected and qualified and said additional mem bers 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- | beYS 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 from their body president. vice president, | secretary and treasurer, and such other officers are, or may be deemed necessary in the man. l 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 meetings of stockholders may also be called by the president, and said meetings may be called by any two other officers of the company, and must be so called when requested in writing by one-third of the outstanding stock of the cor poration, the purpose of such special meeting of directors may select an executive committee to whom they may delegate the same authority and power as they exercise: Said executive 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 for the government of this corporation and make all rules and regulations deemed expedient for 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 to dispose of all of the property of the corpora tion, or any part thereof; but any such sale SY vote t lar or special meeting of the stockholders, who shall be given a written or printed notice of such contemplated sale not less than twenty 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 uon, the intention being hereby to limit the l of the corporate property. outside of the ordi- l nary operation and maintenance and carrying on of the legitimate business of the corporation. l 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 countersgned by treasurer, but the boards of directors may au- thorize the general manager, superintendent or other officers or agents of the corporation to 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, 0oOO) Dollars, unless the same be rat- fled by the board of directors or the executive committee, nor may the subordinate officials lease the mines, smelter or other main portions of the corporate property, without the direct authority of the board
 ARTICLE g.
 The highest amount of indebtedness for which this corporation shall at any time be liable shall not exceed two thirds of it's entire capital stock as provided by law.
 | ARTICLE 10.
 The private property of the stockholders of this corporation shall not in any event be liable for any of the corporate debts or obligations. ARTICLE Il.
 Thasa articles m ay he dad at ,1or 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 printed no- 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.