The Arizona sentinel., 1903-10-21
No. of Amount of
Subscribers.
SA,D0.0O

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 bv 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 ne fully paid up and non-assessable, and in Such transaction the Judgment of the board of directors as to the value Of the property shall be final and con elusive. as weIl upon the corporation itself upon the creditors thereof and of any stock holder subscribing hereto or hereafter ac- curing stock of thc said corporation.
 Seventh-The time of the commencement Gffbfs corporation shall be the date of the 1Ifns of rIieSe Articles of Incorporation in f1seasEoeocEfa. County Recorder and the du- Fstfoss th-Feuf- shall be twenty-five years.
 Eighth-The affairs of this corporation shall De conducted by board of five directors. hut such number may be increased or diminished from time to time. in accordance with the by laws Of the corporation. provided the number never falls below five. The first board Of di- rectors shall consist of George B. Post. John Franklin Miner. Erastus F.. Pierce Ernst H. Seiple and Joseph F. Mitchell, who shall hold office until the first Tuesday after the second Monday in July, A. D. laOi, (which Tuesday in each year thereafter shall be the time of the annual meeting of the stockholders un- less hereafter changed or altered in accord Rnce with the bylaws of the association) or until fhair croonSSorS a TO 6rl pIa ad l. rectors Of this corporation shall be. stock holders thereof but need not be residents of the Territory Of AriZona.
 Ninth: Tile officers Of ttIfS corporation shall consist Of a president, vicc-president, secre- tsfry. tneastsrei~ and superiRten dent and shall De elected by tfse board of directors im4nedi- tely after esscIf ssnustl meeting oftha- stock holders snd shah hold office tIFtiE the next RDnUsll meeting OFT until their suceessors are s8ecterf One person may, at the pleasure of the board, hold the office of both treasurer and secretary. Inc officers until the next an- 11al meeting of the Stockholders, or until tilrir successors are elected, shall be as fol- 3oEss
 John Franklin Miner, President,
 fie1rge E. Post, Vice -PresidcEt,
 Errssf H. Seiple, .Secretary and treasurer,
 Ensstus F. Pierce. Superintendent
 Tenth:-The highest amount Of indebted reSs or liability of indebtedness, OF liability, direct contingent, to which this corpora tion is at any tinFe subject, shall be one hun drrd thousand dollars, which amount does not exceed two-thirds of the amount of the capital stock of the corporation.
 Eleventh:-The private property ofthe stock holders of the corporation shall b~ exempt from corporate debts of any kind whatsoever, Twelull-All stoclSlfoldcrs niTsy vDte sFt meetings thereof either in person or Sy proxy.
 Thirteenth-Tht- stockholders shalI adopt bylaws at their first npeeting :bf:er the crea- tion Of this corporation ia which such mat ters of the eOTpo5atiou as the stockholders see fit nazsy hc' regulated, and which bylaws may ffosa time 5o rnaf bc altered, amended. added tm asfsd repealed in the manner Set forth and pr1-ieseCf for therein.
 In witness whereof we have hereunto set eur hands and affixed our seals this twen tieth day Of Jane, in the year of our Lord one thousand uine hundred and three.
 ErtStus F. Pierce, lSral
 John Franklin Miner, ISeal
 Ernst H. Seiple, lSeal
 7isnothY S- White. lS.'slI