Weekly Arizona journal-miner., 1904-08-24

and among the several states and territo- ries, and between them and forvign coun- tries and to do any and all things, and ac- quire all property, real or personal, which may be convenient and necessary to carry into effect the objects for which this cor poration is formed.
 The capital stock of this corporation shall be two million dollars. divided into two hundred thousand shares of ten dollars each, and -hal be fully paid and non-assessable. The capital stock shall be issued and paid for upon the conditions and at the times hereafter provided by resolution of the board of directors.
 The time for the commencement of this corporetion shall be the day upon which these articles are filed in the office of the county recorder of Yavapai county, Arizona Territory, and said corporation snail ter minate twenty-five years thereafter.
 The government of this corporation is vested in board of directors consisting of not fewer than three nor more than fifteen members. vino shall he elected at the an nual stockholders meeting and shall hold office for one year from the date of thelr election and qualification and until their successors are elected and qualified, pro vided. however, that the first board of di- rectors of this company shall consist of three members, and that the following named persons shall constitute said hrst board of directors until further action by the board of directors or the stockholders of this corporation, to-wit: Robt. E. Nor rison, Leon E. Kneipp, and Allen Hill; and provided, further, that any vacancy occur ring in said board shall be filled by the re- maining members thereof.
 Such board of directors shall have power to hold any meeting and transact any busl ness for the company at any time or place, within or without the Territory of Arizona and all of the acts of such boarc shall be valid provided that majority of all of the members of said board shall be present and vote in favor of such act or acts. and such vote shall be complete evidence of the sui fciency of notice for the meeting. Said board of directors shall have power to es- tablish bylaws and make all rules and reg ulations for the management of the affairs of this corporation, not inconsistent with | the constitution and laws of the United States and of the Territory of Arizona.
 Tha board of directors may at any time alter thu number of its members, and in the event of increasing the membership of the board shall designate the additional members thereof, who shall serve until their successors are properly elected and qualified. | VII.
 The officers of this corporation shall be a president, vice president. secretary, treas urer. general manager and auditor and such other officers as the board of directors shall deem necessary for the purpose of transact ing its business; and such officers shall be elected by the board of directors to serve for the term of one year or until their sue. cessors are duly elected and qualified.
 VIII.
 The time for the holding of the annual meeting of the stockholders of this corpora ton is hereby fixed for the first Monday 1T July of each year; and meetings of the stockholders of this company may be held al the principal office of the corporation or al any of the branch offices thereof.
 K.
 The private property of the stockholderi of this corporation shall be exempt iron
 liability for the payment of corporate debts and neither this company nor its board o directors nor other officers shall have powe to levy any assessment upon any paid uI share of stock.
 The highest amount of indebtedness O liability to which this corporation is at an. time to subject itself Is one million thre' hundred thousand dollars fSl 300, ,O00.00)
 In witness whereof, the said corporator have hereunto set their hands this 26th da. of July, 1904.
 ALLEN HILL.