Arizona silver belt. [volume] (Globe City, Pinal County, Ariz.) 1878-19??, 1905-12-07

cdpiIdl SIOck may De palQ IN, In caSn or
IN property, or in valuable services nee
essary for the purposes of the corpor-
alton, upon resolution of the board of
directors, and evidence of title and
value satisfactory to said board of d.
rectOrs.
The time of the commencement of this
corporation shall be the day of the fill.
ing of these articles for record in the
Office of the county recorder of ella
county, in the territory of Arizona, anC
the termination thereof shall be TWEEN
ty-fve years thereafter, unless by law
further extended by the company.
V.
The affairs of this corporation are t.
be and they shall be conducted by a
bogrd of directors consisting of five
persons. who shall be elected annually
on the first Monday in May, by the
stockholders, at O'Clock p. m. of said
day, of which every stakeholder shall
hereby take notice, and after the an
nual meeting in May 1906, no person
shall be eligible to the office of director
unless he is a stakeholder in the cor
poration. Said board of directors shall
have full power to fill vacancies in
their number, but cannot create the
vacancy arbitrarily, and may elect such
officers and appoint such committee or
committees, from their own number,
and to aid in the management of the
business and conducting the affairs of
this corporation as they may see fit,
and vest in such officers and in said
committees or committee, all such pow
ers as they may deem expedient.
The following named persons who are
subscribers hereto, shall constitute the
board of directors of this corporation
for the first year and until their sue
cessors, duly qualified shall be elected,
to-wit: w. II. Mercer, William H.
Butler, T. Shields Collins, John
l.. Alexander, and Alfred Kinney
and thereafter if any director shall
cease to be stockholder he shall ceas e
| to be director.
! Immediately or as soon as practicable
after the filing of these articles in the
Office of the county recorder of the
County of ella, Territory of Arizona,
and the filing of certified copy hereof
with the Auditor of the Territory of
Arizona, the persons named herein as
directors to serve for the first year and
until their SUCCESSORS, duly qualified,
shall be elected, shall meet and organ
iZe as board of directors, adopt by
laws and prescribe in said bylaws the
method of calling stockholders and di.
rectors meetings.
vi.
The highest amount of Indebtedness
or liability, direct or contingent, tC
which this corporation is at any time t.
be subject is the sum of Five Hundred
Thousand $500, 000) Dollars.
VII.
The stockholders of this corporation
and their private property shall be ex
empt from the corporate debts of this
corporation.
VIII.
The board of directors of this corpor
alton shall have power to establish by
laws and make all rules and regulation.
deemed expedient for the management
of the affairs of this corporation ant
the officers thereof, not inconsistent
with the constitution and the laws o.
the United States, and the laws Of
the Territory of Arizona. Said boart
of directors shall have no power Il
mortgage or incumber or sell the prop
erty of the company without major
! ity vote of the stockholders of sal,
company, ratifying the same.
TX.
The officers of this company shall
consist of president, vice-president
treasurer, secretary and general man
ager, who shall be elected by the stock
holders on the first Monday in May
, 1906, at 2 o'clock p. M, and annual
thereafter on the first Monday in May
, The officers to serve until the annua
meeting in May, 1906, or until thei
successors, duly qualified as stockhold
: ers, shall be elected, shall be: w. II
2 Mercer, president and general mana
4 ger; 7. Shields Collins, vice-president
: W. II. Butler, treasurer; John l.. Alex
: ander, secretary; and the officers sha
: receive such compensation for thei
: services as the Board of Directors ma
! from time to time direct.
G In witness whereof we have hereur
: to set our hands and seals this 10Th da
r of November, A. d. 1905.
e w. ii. MERCER, l.. S.
!, T. SHIELDS COLLINS, l..
!, WILLIAM II. BUTLER, L.
: JOHN l.. ALEXANDER, l..
= ALFRED KINNEY, l.. S.
: TERRITORY OF ARIZONA,
i County Of ella. %
r On the 10Th day of November, A. [
: 1905, before me w. ID. Fisk, notar
: public in and for the County Of Gil;
:, Territory of Arizona, personally appeal
: ed w. II. Mercer, T. Shields Collin!
e William H. Butler, John l.. Alexander
+ and Alfred Kinney known to me to b
e the persons whose names are subscril
!, ed to the foregoing Articles of Incol
k poration, and acknowledged to me thu
: they executed the same freely and vo
e unfairly for the uses and purposes an
: consideration therein expressed.
= In witness whereof have hereunl
i set my hand and affixed my official SCI
r at my office in the said County of Gil;
S Territory of Arizona, the day and we;
: in this certificate first above mentione,
: w. d. FISK, Notary Public
C My commission expires June 4th. 100
8 .,l