Arizona republican., 1905-01-28

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- vfded, 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 or directors until their successors are elected or appointed:
 Robert A. Kirk, Frederick R. Bige- low, Edward A. Konantz, Edward Howard Morphy, William c. 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 or 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 ernment of this corporation not tncon- sistent with these articles of incorpor- ation or the laws of the territory Of Arizona. At any stockholders meeting whether within or without the terri tory of Arizona, any holder of either the preferred or common stock may De 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 1 if said person or persons were person. ally present at any such stockholders meeting.
 The board of directors of this cOrpOr- atiou shall have power to appoint an 1 executive committee of not less than l five (5) 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; A. L. Moore, second vice president; II. 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 shal
 ,+ ,r-- +ir,a he sI.bieCt shall be sixty
 thousand CS60, ,OOO.O0) dollars, whici
 amount does not exceed two-third'
 (2-3) of the said capital stock.
 Eighth: The private property Of tp'
 stockholders of this corporation shat be exempt from the corporate debts O
 every kind and nature whatsoever, an'
 this article cannot be amended, alter
 ed or changed.
 IN WITNESS WHEREOF we haV
 hereunto set our hands and seals thl
 goth day of January, 1905.
 Signed, sealed anG delivered Il presence of $. I. Loughran, Jno. M . Ts1-a q ford