Arizona silver belt., 1906-08-23

services us may, in the judgment of the board of directors, be deemed a cash equivalent, and such shares of stock when so issued shall thereafter be non-assessable.
 Article IV.-The time of commence ment of this corporation shall be the time when these Articles shall be filed in the office of the County Recorder of Gila County, Territory of Arizona: Provided, That a certified copy thereof shall be filed in the office of the Terri torial Auditor of Arizona; publication of said Articles shall be made and affidavit of such publication filed in the manner and at the times required by law. The termination of this corporation shall be twenty-five years from and after the date of filing of the certified copy of said Articles in the office of the Audi tor of the Territory of Arizona. Article V.-The affairs of this cor porati0n shall be conducted by board of nine directors elected annually by and from among stockholders herein. The first annual meeting of stockhold- CTS for this purpose and for the trans action of such other business as may properly come before them, shall be held on the second Tuesday in January, A. D. 1907, and such annual meetings shall thereafter be held on the same day in each succeeding year. The officers of this corporation shall consist of a president, vice-president, sec retary, and a treasurer. Until such board of directors shall have been elected the following named persons, who are subscribers to one share each of the capital stock of this corporation, shall constitute the board of directors :: A. w. Sydnor, A. II. Sterns, E. P. Riley, E. P. Shanley, Cyril Byrnes, c. K. Rogers, J. T. Hendrickson, Charles Nesbitt, and E. R. Bradley; and, until such time, the following named persons are hereby made and constituted the officers of this corporation: K. P. Riley, president; E. K. Bradley, vice-president; J. T. Hendrickson, secretary; and A. w. Sydnor, treasurer.
 Such board of directors shall have power to fill all vacancies in such board or the officers thereof caused by resig- nation or otherwise, and until their successors are elected and qualified, such board and such officers are hereby given the power and authority to do | uhu uuIiCS uSudiN connected with like offices, which pow CTS and duties, while so acting as off, cers and directors of this corporation, shall include the adoption of corpor- ate seal and the atfiXing thereof to any stock certificates or other instruments of writing which may be issued or exc cuted by them under the powers herein conferred, as well as the adoption of all necessary bylaws for the internal conduct and management of the affairs of this corporation; Provided, That no director performing any duty as a director of this corporation shall receive any salary ar compensation therefor.
 Article VI.-The highest amount of indebtedness. or liability to which this corporation shall at any time subject itself shall be and is hereby fixed at the sum of Fifty Thousand (S50, ,000) Dol l lars.
 Article VII.- Private property of stockholders in this corporation shall be exempt from liability for the payment of corporate debts.
 In Witness Whereof, The incorpora-
 ators herein have hereunto set their
 hands this eleventh day of July,
 1906.
 JOHN T. HENDRICKsoN.
 A. H. STERNs. E. F. RILEY
 CYRIL BYRNEs.
 A. w. SYDNoR.
 C. K. ROGERS. CHAS. A. NESBITT.
 E. P. STANLEY.
 E. R. BRADLEY. TERRITORY OF ARIZONA, ss
 County of Gila. ss'
 On this day before me, George J. Stoneman. Notary Public in and for the County of Gila, Territory of Ari- zona, personally appeared A. w. Syd- nor, A. H. Sterns, F.. P. Riley, E. P. Shanley. Cyril Byrnes, C. R. Rogers, J. T. Hendrickson, and Charles Nes- bitt, personally known to me to be the i persons whose names are subscribed to the foregoing instrument, and each acknowledged to me that they signed the same for the purposes and consid- eration therein expressed. Given under my hand and seal of
 office this eleventh day of July, 1906.
 GEORGE J. SToNEMAN,
 Notary Public in ;nd for the County | Oi plid, lcfElLOIy oi aTlZOIld. My commission expires July 29th, 1907. TNotarial Seal.
 STATE OF NEW YORK,
 County of Kings. oe'
 On this day before me, Marcus B. Campbell, Notary Public in and for the County of Kings, State of New York, personally appeared E. R. Brad ley, known to me to be the person whose name is subscribed to the fore going instrument, and he acknowledged to me that he signed the same for the purpose and consideration therein ex- pressed.
 Given under my hand and seal of
 office this 2ith day of July, 1906.
 MARCUS B. CAMPBELL,
 Notary Public 4l9 Kings County. My commission expires March 30, 19Os
 Notarial Seal
 STATE of NEW YORK, ss
 County of Kings. '''
 l, Charles T. Hartzhem. Clerk of the County of Kings, and also Clerk of