Arizona silver belt., 1906-01-18

cease to be stockholder he shall cease to be director.
 Immediately, or as soon as practica' ble after the filing of these articles ir the office of the County Recorder of the County of Gila, Territory of Ari- zona, and the filing of certified copy thereof with the Auditor of the Terri tory 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 organize as a board of directors and adopt bylaws and prescribe in said bylaws the method of calling stock holders and directors meetings.
 VII.
 The highest amount of indebtedness or liability, direct or contingent, to which this corporation is at any time to be subject is the sum of Fifty thous- and Dollars.
 The stockholders of this corporation and their private property shall be ex- empt from the corporate debts of this corporation.
 K.
 The board of directors of this corpor- ation shall have power to establish bylaws and make all rules and regu- lations deemed expedient for the man. agement of the affairs of this corpora tion and the officers thereof, not inconsistent with the constitution and the laws of the United States, and the laws of the Territory of Arizona. Said board of directors shall have no power to mortgage or incumber or sell the property of the company without a majority vote of the stockholders of said company ratifying the same.
 The officers of this corporation shall consist of a president, vice-president, treasurer, secretary and general man ager, who shall be elected by the stock holders on the second Monday in May, 1906, at ? o'clock p. m., and annually thereafter on the second Monday in May The officers to serve until the annual meeting in May, 1906, or until their successors, duly qualified as stock holders, shall be elected, shall be: Lyman c. Woods, president and gener- al manager; Charles Maybush, vice president: Louis Berndt, treasurer; Mrs. l.. c. Woods, secretary; and the officers shall receive such compensation for their services as the Board of Dir ectors may from time to time direct. In witness whereof we have hereunto
 set our hands and seals this Sth
 day of January, A. D., 1906.
 LYMAN c. WooDs, l.. s.
 CHARLES MAYBUsH, L. $.
 O. k. FEST, l.. s.
 WAKEFALL KITZMILLER, l.. $.
 MRS. LYMAN c. WooDs, l.. $.
 P. l.. HUTTON, L. s.
 LOUIS BERNDT, l.. s.
 TERRITORY OF ARIZONA
 County of Gila 90
 On this 8th day of January, A. D. 1906, before me, w. D. Fisk, Notary Public in and for the County of Gila. Territory of Arizona, personally ap- peared Lyman c. Woods, Charles May bush, Peter Hutton, Mrs. Lyman C. Woods, o. R. Feist, Louis Berndt, and w. Kitzmiller, known to me to be the persons whose names are sub scribed to the foregoing Articles of Incorporation, and acknowledged to me that they executed the same freely and voluntarily for the uses and purposes and consideration therein expressed.
 In witness whereof l have
 hereunto set my hand and
 and affixed my official seal, (L. S.) at my office in the said
 County of Gila, Territory O f
 Arizona, the day and year
 first above written.
 w. D. FISK,
 Notary Public. My commission expires January4. 1908. First publication January llth, 1906