Arizona republican., 1906-04-24

ritorial auditor and the termination thereon shall be twenty-five years there after and its charter rights may be re- newed for another perlod of twenty i've years upon the vote of three-fourIns of the stockholders given at a meeting duly called for that purpose
 The affairs of this corporation shall be conducted by board of directors who shall be elected annually by the stock holders; the. number of said directors than eleven, and the names of those who shall manage the affairs of the com pany for the first year of it's corpor- ate existence, and until their successors shall have been elected and qualified, are R. B. Higbee and c. NJ. Higbee.
 The annual meeting of the stockhold- CTS for the election of directors and the transaction of other corporate business shall be held on the second Tuesday Of January in each calendar year. ana may be held beyond the limits of the terri
 The directors meetings may be held within or without the territory of Ari- and the right to vote py proxy AL tHe meetings of both stockholders and the t(, ~IC,. Tectors have the power 10 eject desiS- nate and appoint such officers and agents of the company as they may con sider necessary or eXpedient, and to re move the same at pleasure and to fix the salary of such officers and agents
 VII.
 The highest amount of indebtedness or liability direct or contingent, to which this corporation shall at any time be either directly or indirectly. by this com pany, shall in no event exceed in amount or be equal to two-thirds of the said cap ital stock.
 The private property of the stockhold- CTS of this corporation shall be and IS exempt from all liability for the debts there shall be no individual liability on the part of the stockholders of said cor poration for corporate obligations
 All of the stock of said company shall be non-assessable and all or any part thereof may be issued, full paid. in pay mant for labor done. or services render ed and performed or in the purchase of and payments for mines, mineral or pla- cer deposits, mining or other property. . or rights thereto, or interest therein. or for water, ditch. or reservoir rights. ufacturies, buildings, machinery or other property as and when deemed by the board Of directors to be necessary for the business of the company, and when so issued shall be full paid stock and not liable to any further calls or assess ments-
 The directors of said company shall have the power to make, alter. amend and repeal such bylaws as they may deem proper for the management of the affairs of the company. not inconsistent with the laws of the territory of Ari- Tn witness whereof we have hereunto set our hands and seals this seventh day -'-@- en- R. B. HIGBEE. Cseall c. M HIGBEE. (SeaD
 Signed. sealed and delivered in the presence of
 K w SULLIVAN.
 T. s. RICHWORTH
 State of Minnesota.
 County of RamRey-ss.
 On this sth day of March. A. D.. 1896. before me. a notary public, in and for said county and state aforesaid. residing therein, duly commissioned and sworn. personally appeared R. B. Higbee and c. M Higbee. known to me to be the per sons described in, and whose names are subscribed to the fOTeGoing instrument. and they acknowledged before me that they executed the som me for the purposes and considerations therein expressed 9 g their free and voluntary act and deed. Tn witness whereof have hereunt0 set hand and affixed my official seal at my office in the state and county aforesaid. the day and year last above written
 (Seal) T. s. RTCHWORTH. Notary Public Ramsey county. Ninn. My commission expires July ?. 1910.