The Arizona sentinel., 1906-08-01

mlne, explore, operate and develop the Samci and in general to do all things necessary to the proper conduct of the business Of this Corporation in the Territory and elsewhere, not inconsistent with the laws of the United States and the Territory Of Arizona.
 The amount oJ the authorized capital stock Of this Corporation is Three Million dollars (S3,000.000,) divided into Three Hundred Thousand Shares of the par value of ten dollar, (Sl000 each and such stock shall be non assessable.
 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 a resolution fthe Directors of the Corporation authoriz Ing the issue of such stock to the person or persons named in the resolution in consider atiOn of cash subscription or the transfer to the Corporation of property. real or personal, in lieu of cash; and the determination blythe Directors of the value Of Snch property, real or personal, paid in for stcck, shall be con- elusive as to it's value.
 The said Company may retain any propoF- tion thereof in its trcasury and may sell or contract to sell the same by a vote of the ma jority Of it's board Of directors, or in such manner as it's bylaws may provide.
 "
 The time Of the commencement of this cor
  for record in the office Of the county recorder of the county of Yuma, the county where it's principal place of business is to be: and a 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 lia- bility, direct or contingent, to which this cor poration is at any time to be subjected is the sum of Fifty thousand dollars (S5O,O0O).
 VI.
 The stockholders 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 10 be, and they shall be. conducted by a board of di- rectors. consisting of seven directors, who shall be elected annually on the first Monday Of May of each year rncXt 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- duct of the affairs of said corporation, as they may see fit, and vest in such officers and said fna al1c expedient.
 The fOllowing-nared persons shall conSti- ute the board of directors of this corporation until theIr successors, duly qualified. shall be elected, to-wit: w. c. Tonkin, Col. J. w. Darlington. T. H. Dudley, Tracy c. Drake, Geo. R. Bentei, N. NJ. Edmond, and W. A. Bowles; and until the first annual meeting of the stock holders 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 cer- tified copy in the office Of the Territorial Au- ditor, the persons named herein to serve until their successors, duly qualified, shah 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 stock holders. 4 majority Of said directors shall be a quo- rum, and any meeting of said board at which a quorum is present shall be deemed a regular meeting and shall have the same autholity as if the full board were present.
 VIII
 The board of directors of this corporation shall have power to establish bylaws ahd to change the same, and to make all rules and regulations deemed expedent for the man. agement Of the affairs Of this corporation and the officers thereof, not inconsistent with the constitution and laws of the United States and laws of this Territory.
 In witness whereof we have hereunto set our hands and seals this 5th day of June, l996
 Geo, R. Bentel lSeal
 N. NJ. Edmond, LSeall
 W. c. Tonkin [Seall State of California, County of Los Angeles, 00'
 On this 5th day of June. in the year 1906, be- fore me, A. D. Laughlin, notary public in and for the State and county aforesaid, residing therein duly commissioned and sworn, person. ally appeared Geo. R. Bentel, N. M Edmond and w c. Tonkin. known to me to be the per sons described in, whose names are subscribed 4o ~s-l>o ayc4s-to1 aupcyed