Bisbee daily review., 1904-04-24

zona, with such other offices at such | other places as the board Of directors may determine.
 The general nature of the business proposed to be transacted by said cor poration is as follows: To buy and sell, and in any and every way deal in, either in it's own right, or upon con- signment. as factor, broker, or other wise. carriages. wagons, buggies, and vehicles of all descriptions, horses and harnesses; to own, conduct, manage and control general merchandise bus mess for the sale of hay, grain, and all other species of personal property; to acquire and own stables and re- positories for the housing of its mer- ehandise, goods and wares; to in any and every way deal in, hold and own, all kinds of real and personal prop erty; to make contracts, and acquire aud transfer property with all the pow CTS and privileges in such respects as a natural person might or may have; and generally to do such other acts | and things as may be necessary, use
 tul or convenient to the proper con- duct of the business of said corpora tion in the Territory of Arizona, or elsewhere, not contrary to the laws of the United States. or said Territory
 of Arizona.
 | The authorized amount of capital
 stock of this corporation shall be
 twenty-five thousand ($25, ,000) dollars,
 divided into two hundred and fifty | nf ha nf
 hundred t$100) dollars each; which said stock shall be sold, either for
 cash, or in exchange for personal and
 real property, to enable said corpora
 ton to acquire property necessary to carry on its business; balance, if any,
 to remain in the treasury subject to
 the disposition of the board of di- rectors by majority vote thereof All
 stock to be forever non-assessable. l w.
 1 The time Of the commencement of
 this corporation shall be the date of
 the filing of certified copy of these
 articles with the Territorial Auditor, in the manner provided by law, and the | termination thereof shall be twenty
 five years thereafter
 | V.
 The affairs of this corporation shall ] be conducted by board of directors, | said board to consist of three mem- | bers. For the transaction of the busi- ness Of this corporation there shall ! also be elected by the board of direct ors the following officers: A president. | secretary, treasurer and manager, and l such other officers as said board may hereafter determine to be necessary. Two of such offices may be held by one person. The board of directors shall be elected at the regular annual meet ing of the stockholders to be held on the first Monday in April Of each year. Such directors shall hold office for the term of one year; and until their sue cessors are elected and qualified. The board of directors who shall have charge of the affairs of this corpora ton until the first meeting of stock holders as provided herein, are as fol- lows: James E. Brophy, Thomas J. Brophy and Hugh J. Brophy. VI.
 The highest amount of indebtedness or liability, direct or contingent to which this corporation is at any time to subject itself, shall be two-thirds of its capital stock.
 VII.
 The private property of the stock holders shall be exempt from liability or execution for the debts of the cor poration.
 In witness whereof, the incorpora- tors have hereunto set their hands, at Bisbee. Arizona, the 9th day of April n sl four
 JAMES E. BROPHY, THOMAS J. BROPHY,