Arizona republican., 1905-01-30

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
 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 l directors until their successors are
 elected or appointed:
 Robert A. Kirk, Frederick R. Bige- 1 low. Edward A. Konantz, Edward ] Howard Morphy, William c. Strick- 1 land William C. Edwards, Philip Gil bert, l.. II. Chalmers, II. 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 Cdl4Cy HI any OA N4lC OiilNCS Oi III NLN 1 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 ernment of this corporation not incon- sistent with these articles of incOrpor- alton or the laws of the territory or At any stockholders meeting whether within or without the terri tory of Arizona, any holder Of either the preferred or common stock may be 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 f meeting.
 The board of directors of this corpor- . ltion shall have power to appoint all executive committee of not less than T i've (5) persons who shall be stock r holders, and this committee shall have ' 3uch power and authority to manage I he affairs of this corporation as the U board of directors may from time to e ime delegate to said committee.
 The officers of this corporation, un- z il their successors are elected or ap- pointed shall be Philip Gilbert, presi- lent: Frederick R. Bigelow. first vice : president; A. L. Moore, second vice V president; H. B. Wilkinson, secretary, II nd Everett B. Kirk, treasurer.
 Seventh: The highest amount of in- IT IT or liability, direct or con- lngent to which this corporation shall II t any time be subject shall be sixty sl housand CS6O,OOO.OO) dollars, which u r0Ounf does not exceed tWO-thirdS o 2-3) of the said capital stock. II
 Eighth: The private property of the ] of this corporation shau l @ exempt from the corporate debts of n very kind and nature whatsoever, and IT his article cannot be amended, alter C u or changed. u IN WITNESS WHEREOF we have S creunto set our hands and seals this S 9th day of January, 1905. : Signed, sealed anG delivered in O resence of $. l. Loughran, JnO. M F, fl