Arizona republican., 1905-01-29

1 shall be elected by the holders of the preferred stock and four (4)Of said | directors by holders of the common | stock until such time as the preferred | stockholders have received back the amount of their stock at par with ac- 1 crued dividends, as hereinbefOre pro-
 vided, and after the preferred stock ! shall have been retired, as hereinbefore provided. the board of directors shall
 be elected by the holders of the com
 mon stock The following named per sons shall constitute the first board of directors until their successors are elected or appointed:
 Robert A. Kirk, Frederick R. Bige- low. Edward A. Konantz, Edward Howard Morphy, William G. Strick- land. William c. Edwards, Philip Gil- bert, L. H. Chalmers, H. B. Wilkinson, James w. Mccormick and N. A. Nor ford.
 Thereafter the board of directors shall be elected at the annual meeting of the stockholders, which annual meeting shall be held on the last Thursday in January of each year at such place as the bylaws of this cor poration may provide. The board of directors shall be elected from among the stockholders in such manner as the said bylaws may provide. Any va cancy in any of the offices or in the board of directors shall be filled by the board of directors for the uneXpired term. The duties of the officers and directors of this corporation shall be prescribed by the bylaws, and by laws may be made from time to time for the general management and gov ern1nent of this corporation not ineon- sistent with these articles of incorpor- ation or the laws of the territory or Arizona. At any stockholders meeting whether within or without the terri tory of Arizona, any holder of either the preferred or common stock may be represented by proxy and the proxy shall have the right and authority to vote the stock of the person or persons who granted said proxy the same as if said person or persons were person. ally present at any such stockholders meeting.
 The board of directors of this cOrpor- ation shall have power to appoint an executive committee of not less than five C5) persons who shall be stock holders, and this committee shall have such power and authority to manage the affairs of this corporation as the board of directors may from time to time delegate to said committee.
 The officers of this corporation, un- til their successors are elected or ap- pointed shall be Philip Gilbert, presi- dent; Frederick R. BigelOw, first vice president; 4. L. Moore, second vice president; H. B. Wilkinson, secretary and Everett B. Kirk, treasurer.
 Seventh: The highest amount of in- debtedness or liability, direct or con- tingent, to which this corporation shall at any time be subject shall be sixty thousand C$6O,OOOOO) dollars, which amount does not exceed two-thirds C2-3) of the said capital stock.
 Eighth: The private property of the stockholders of this corporation shall be exempt from the corporate debts of every kind and nature whatsoever, and this article cannot be amended, alter ed or changed.
 IN WITNESS WHEREOF we have hereunto set our hands and seals this goth day of January, 1905.
 Signed, sealed anG delivered in presence of s. I. Loughran, Jno. NJ Bradford.