Bisbee daily review., 1906-10-04

Directors.
 5. This corporation may also issue warrants, bonds, debentures and other negotiable instruments. or otherwise secure the same, may pledge or hypothecate the property. or earn ings of the company, whenever in the judgment of the Board of Directors, It may seem proper, or necessary for the good of the company. C. This corporation shall have ex- press power to hold, purchase, or eth- erwise acquire and to sell, assign, transfer. mortgage, pledge, or other wise dispose of bonds, debentures, or other evidences of indebtedness. and the shares of capital stock of other corporations, and vote such shares.
 '. This corporation shall have pow CT to make contracts, and to acquire and transfer properties, possessing the same powers in respect thereto, as private individuals now enjoy.
 ARTICLE ".
 The corporation shall commence, at the time of filing for record, its Arti- cles of Incorporation. in the office of the County Recorder, of Cochise County, Territory of Arizona, and the filling of certified copy thereof, with the Secretary of the Territory of Arizona. and it shall endure for twenty-five (25) years thereafter.
 ARTICLE V.
 1. The capital stock of this corpor- ation shall be Five Hundred Thousand Dollars (s500.O00.00) divided into Five Hundred Thousand shares (50O,000) of the par value of One Dollar (s1.00) each which said shares of capital stock shall be issued in such amounts and proportions as shall be determined by the Board of Directors, and as may be permitted by law.
 2. The time when and the condition upon which said capital stock shall be paid in shall be as fixed by the Board of Directors, and said Boa1d may when 1t deems 1t to be to the best interest of this corporation, issue said stock below par, or issue same in payment for property transferred to this com pany.
 3. All the stock issued as above mentioned shall be non-assessable
 ARTICLE VI.
 l. The highest amount of indebt- edness or liability, direct or contin- gent, to which this corporation shall be at any time liable for, will in no case exceed the sum of One Hundred Thousand Dollars (s100,000.00).
 2. The stockholders of this cor poration, and their private property shall be forever exempt from all cor porate debts of this corporation.
 ARTICLE VII.
 The affairs of this corporation shall he controlled and managed by a Board of five Directors elected by, and from among the stockholders.
 ?. Directors shall hold office for one year, or until their successors are elected and qualified
 }. Persons ceasing to be stock holders, shall cease to be Directors or officers of this corporation
 4. The officers of this corporation shall be President. Vice President. Sec ~etary and Treasurer. who shall be elected by the Directors.
 ,. The Directors shall have power to make. alter and amend Bylaws and all needful rules for the government of this corporation, and the management of it's officers.
 6. In the event of death, or resig- nation, of any director of this corpora tion so that . vacancy is created, it may he filed by vote of the remain ing Board of Directors, and the person so elected, shall hold office until his successor Is elected and qualified.
 z. Until the first annual election Of Directors, and until their successors are elected and qualified. the following named persons shall be the Directors of this corporation: J. T. Wilkey, w. W. Wilkev, D. T. Green, R. l.. Sam uels and J. P. Mills.
 ARTICLE VIII.
 l. The annual meeting of the stockholders shall be held at the office of the company, at Bisbee. Ter ritory of Arizona, on the first Thurs day of August, each year.
 ?. Stockholders shall have the right to cast one vote for each share of stock owned at all stockholders meetings, either in person or by proxy in writing, duly authorized
 IN WITNESS WHEREOF, we have hereunto set our hands this day the 4th of September, A. D. 1906.
 J. T. WILKEY.
 D. T. GREEN.
 Filed and recorded at request of P. J. Tenancy, September 5, 1906, at 9 a. m.. Book 4, Interpretations, Page 167 to ITO.
 TERRITORY OF ARIZONA
 County of Cochise, ss.
 I. Frank Hare, County Recorder in and for said county, hereby certify that I have compared the annexed copy with the original articles of in- corporation of the West Cananea Cop per company, filed and recorded in my office on the 5th day of September, 1906, in Book 4. pages 167-170, Incor- porations, and that the same is full, true and correct copy of such origi- nal and of the whole thereof.
 Witness my hand and seal of office, this 5th day of September. 1906.
 tSeaD FRANK HARE.
 County Recorder.