Bisbee daily review., 1906-10-03

be deemed advisable by the Board of Directors.
 | g. 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 l County, Territory of Arizona, and the filling of a certified copy thereof. with the Secretary of the Territory of Arizona. and it shall endure for twenty-five (25) years thereafter.
 ARTICLE V. | 1. Tho cacitsl s.cck Of this corpor- ation shall be Five Hundred Thousand Dollars (s500,00000) divided into Five Hundred Thousand shares (500,000) of I.F1 F1.e,, nl, Nfn nrN which said shares of capital stock shall be issued in such amounts and i 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 BoaId may when it 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 he non-assessable.
 ARTICLE VI.
 1. 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. 2. Directors shall hold office for : one year. or until their successors are elected and qualified : 3. 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 retary and Treasurer, who shali be elected by the Directors. ,. The Directors shall have power to make. alter and amend Bylaws and all needful rules for the government ot this corroration, and the management of its officers.
 6. In the event of death, or resig nation, of any director of this corpora tion so that a vacancy is created. il
 
 a ing Board of Directors. and the persor so elected. shall hold office until hi! 2 successor is elected and qualified. F '. Until the first annual election O r Directors, and until their successor T. are elected and qualified. the following + named persons shall be the Director l. of this corporation: J. T. Wilkey. W r W. Wilkev, D. T. Green, R. L. Sam d uelS and J. P Mills,
 r. ARTICLE VIII
 1. The annual meeting of tn
 stockholders shall be held at tn T office of the company, at Bisbee. Ter ritory of Arizona. on the first Thurs
 day of August. each year.
 2. Stockholders shall have tn q right to cast one vote for each shar h of stock owned at all stockholder: e meetings, either in person or by prox 'f in writing. duly authorized r. IN WITNESS WHEREOF, we hay e hereunto set our hands this day tn 'r 4th of September, A. D. 1906. a ]. T. WTLKEY. T. D. T. GREEN. n Filed and recorded at request C T. P. J. Tehaney, September 5, 1906. a IL 9 a. m.. Book f, Interpretations, Pag n 167 to ITO.
 n TERRITORY OF ARIZONA ]. County of Cochise. ss.
 I. Frank Hare, County Recorder i 's and for said county. hereby certif T. that I have compared the annexe :, copy with the original articles of il II corporation of the West Cananea Coz IS per company, filed and recorded in m s' office on the 5th day of Septembe 5, 1906. in Book 4. pages 167-170, Inco le porations, and that the same is ful true and correct copy of such orig ,I nal and of the whole thereof. IL Witness my hand and seal of ofic' ?. this 5th day of September. 1906. g (Seal) FRANK HARE,