The Arizona sentinel., 1906-06-27


 of this Corporation is Three Million dollars (S3. 3.OOOOOa) divided into Three Hundred Thousand Shares of the par value of ten dollar, CSl000) each; and such stock shall be non assessablc.
 The said Stock may be issued for Subscrip- ton in cash or in consideration of any other property, real or personal.
 The time when such cash subscriptions or other property is to be paid in shall be the time of the issuance of the said stock, and the condition upon which said cash subScrip- tions or property, real or personal, is to be paid in, shall be determined by resolution the Directors of the Corporation authoriz ing Inc issue of such stock to the person or persons named in the resolution in consider atisn Of cash subscription CT the transfer to the Corporation of property. real or personal i Hefi of essSft; and the determination by the Directors of yhs vtsEe Of such property real eT personal, pait! jm for stcek, shall be con- elusive as to its value.
 Tke said Company may retain any propor- tion thereof in it's treaslfry and may sell or contract to sell the same by a vote Of the nl:r- jority of its board Of directors, or in such manner as its bylaws may provide.
 
 The time of the commencement of this cor poration shall be when the articles are filed for record in the office Of the county recorder of the county of Yuma, the county where it's principal place Of business is 10 be: and :, certified copy filed in the office of the Terrto- rial Auditor and it's termination shall be twenty-five (25) years thereafter.
 V.
 The highest amount of indebtedness or lfa- bility, direct or contingent, to which this cor pOration is at any time to be subjected is the sum of Fifty thousand dollars ($5O,O00).
 VI.
 The stockholde IFS of this corporation and their private property shall be exempt from the corporate debts of this corporation, and the stock shall be non-assessable.
 VII.
 The affairs ofthis corporation are to be. and they shall be. conducted by a board of df- rectors. consisting of seven directors, who shall be elected annually on the first Monday Of May of each year next ensuing, provided that said board Of directors may elect such officers and appoint such committee or com mitteeS from their own number to aid iu the management of the business and in the con duet of the affairs Of said corporation, as they may see fit, and vest in such officers and said committee all such powers as they may deem eXpedient.
 The following-named persons shall consti- tute the board of directors of this corporation until thelr successors, duly qualified, shall be elected, to-wit: w. c. Tonkin, Col J. w. Darlington. T. II. Dudley, Tracy c. Drake Geo. R. Bentei, \. NJ. Edmond, and w. A. ; the stockholders the beard of directors shall consist of seven members.
 Vacancies in the board of directors shall be filled by the remaining members of the board or by a vote of the stockholders at a special meeting called by the president for that pur- pose.
 Immediately or as soon as practicable after the filing of these articles for record in the office Of the county recorder of Yuma County, Territory of Arizona, and the filing of a ccr- tified copy in the office of the Territorial Au- ditor. tue persons named herein to serve until their successors, duly qualified, shall be elected shall meet and organize as board of directors adopt bylaws and prescribe in said bylaws the method Of calling meetings of the board of directors and stockholders \ majority of said directors shall be quo- yum- and any nAeeting of said board at which a qaoIum is presen shall be deemed regular 1aeetirg and shall have the same authority asss if She full board were present.
 MILL.
 The bossFf of directors of this corporations shall have power 50 establish bylaws and to. change the same, and 10 make all rules and regulations deemed GXppdtent fog the man agement of She affairs of this corporation and the officers thereof, not iaconsistent with the constitution and laws Of the United Stases and laws of this Territory.
 In witness whereof we have hereunto set our hands and seals this 9th day Of June, 1906
 Geo, F. Bcntei tSeal
 Y. NJ. Edmond ISeall
 ". C. Tonkin [Seall State of California,
 County of Los Angeles, S7
 On this 5th day of June, in the year 1906, be- fore me, A. D. Laughlin, a notary public in and for the State and county aforesaid, residing therein. duly commissioned and sworn, person. ally appeared Geo. l.. Bentel, N Nr Edmond &nd " c. Tonkin, known to me to be the per