Bisbee daily review., 1904-05-25

and rights of way. from individuals. as sociations and corporations. whether municipal. public or private; to ac Quire, own and control all such other works, conveniences, property and property rights, as may seem directly or indirectly conducive to any of the objects of the corporation. and to con tribute to, subsidize, or otherwise aid or partake in any such operations; to make any and all contracts. and to ac' quire and transfer all species of prop erty. either in its own right, or as agent for others. the same as a natur- al person might or could do; and gen erally to do such other acts and things as may be necessary or con venient to the proper conduct of the business of said corporation in the Territory of Arizona, or elsewhere, not contrary to the laws of the Unit ed States or the Territory of Arizona
 Third-The authorized amount of capital stock of this corporation shall be two hundred thousand (s200, ,O0O dollars, divided into twenty thousand (20,000) shares of the par value oi ten (s10) dollars each. Sufficient oi said stock shall be at cnce disposed of, either for cash, or in exchange fol real and personal property, as may be necessary to acquire for said corpora ton the requisite plant and water sys tenn to carry on that branch of the business of this corporation. The balance of stock shall remain in the Treasury, subject to the disposition oi the stockholders by majority vote. or by a majority vote of the Board of Di rectors. All stock shall be forever non-assessable.
 Fourth-The time of the commence ment of this corporation shall be after the filing of these articles cf incorpo ration in the office of the County Re corder of Cochise County. and upor the date of the filing of a certified copy of the same with the Territorial Audi tor, and the termination thereof shal be twenty-five years thereafter. Fifth-The affairs of this corpora ton shall be conducted by a Board 9 Directors, said Board to consist of no less than five, nor more than sever members. For the transaction of tht business of this corporation ther' shall also be elected by the Board O Directors the following officers: President, WcaPreadent, Secretar. and Treasurer, and such ether officer as said Board may hereafter deter mine to be necessary. Two of sncl offices may be held by one person. Tn Board of Directors shall be elected a the regular annual meeting of tn stockholders to be held on the frs 1 Monday in May of each year. Sucl directors shall hold office for the tern l of one year, and until their successor ! are elected and qualified. The Boar :, of Directors who shall have charge . ', the affairs of this corporation unt :. the first meeting of stockholders a :, provided herein, are as follows: W. ( Read, George c. Clark, M. J. Cunning ham. W. H. Brophy, E. B. Mason. N. . Brophy and L. c. Shattuck.
 | Sixth-The highest amount of il debtedness or liability. direct or col tingent, to which this corporation is any time to subject itself, shall h two-thirds of it's paid up capital stool
 Seventh-The private property the stockholders shall be exempt froI liability or execution for the debts ( the corporation.
 IN WITNESS WHEREOF, the il corporators thereof have hereunto s' their hands, at Bisbee, Arizona, tn 10th day of May. A. D, one thousan 1 nine hundred and four.
 W. c. READ.
 GEO. c. CLARK.
 NJ. J. CUNNINGHAM. W. H. BROPHY.
 E. B. MASON.
 NJ. J. BROPHY.
 L.C. SHATTUCK.
 Territory of Arizona, County of c Q chise. ss.
 Before me, Edward J. Flanigan,
 Notary Public in and for the Coun :, of Cochise, Territory of Arizona, :. this day personally appeared W.
 Read. George c. Clark, M. J. Cunnin
 ham, w. H. 3rophy, E. B. Mason, J. Brophy and L. c. Shattuck. knov ' to me to be the persons whose nam
 are subscribed to the foregoing instr ment. and each acknowledged to
 that he executed the same for the p'
 poses and consideration therein ( :. pressed.
 Given under my hand and seal Of
 fee this 10 day of May, A. D., 1904. II (Seal) EDW. J. FLANAGAN. e Notary Publ My commission expires March