Arizona silver belt., 1906-01-04

thousand 100000 shares of the par value of Ten ($10.00) Dollars per share which said stock shall be issued from time to time as the Board of Directors may provide, and the whole of said stock may be paid for in money, prop erty. or services, upon such terms as shall be accepted by the Board of Di- rectors; that such stock shall be fully paid for when issued and be non-assess- able.
 W.
 The time of the commencement of this corporation shall be the date and the day of the filing of certified copy of these Articles in the office of the Territorial Auditor and shall terminate twenty-five years thereafter.
 V.
 The affairs of this corporation snail be conducted by a Board of Directors, consisting of nine (9) persons, who are stockholders of this corporation, who shall be elected annually on the first Monday after the first Tuesday in the month of January, or as soon thereaf- ter as practicable, by the stockholders, at such time and place at Globe afore- said as may be provided by the bylaws of said corporation, provided that no such person shall hold such office as Di- rector after he shall cease to be a stockhoider in said corporation. The said Board of Directors shall serve without pay and shall have full power to fill vacancies in their number and may elect such officers and may ap- point such committee or committees from their own number to aid in the management of the business and in conducting the affairs of said corpora tion as they may see fit, such officers and committees to be under the super vision of the said Board of Directors. The following named persons, who are subscribers hereto, shall constitute the Board of Directors of this corporation for the first year and until their sue cessors shall be duly elected and quail fled, to-wit: G. w. P. Hunt, w. H. Butler, N. s. Berray, F. L. Toombs, J. B. Newman, A. F. Maisch, $. l.. Gibson, J. l.. Alexander and Geo. K. Hill which said Board shall, as soon as practicable after the filing of these Ar ticles, organize and adopt bylaws and rules and regulations suitable for the management of this corporation and its affairs.
 The highest amount of indebtedness or liability to which this corporation Is at any time to subject itself shall be the. sum of Fifty Thousand (S50, 0,0oO) Dollars.
 The private property of each stock holder of this corporation shall be ex- empt from all corporate debts whatso- ever.
 In witness whereof, we have here unto set our hands this 7th day of De- cember, A. D., 1905:
 N. S. BERRAY,
 GEO. w. P. HUNT, F. l.. TooMBs,
 w. H. BUTLER,
 s. l.. GIBSON,
 VIM. HENDERSON,
 J. B. NEWMAN,
 A. r. MAIsCH,
 JOHN l. ALEXANDER.
 GEO. K. HILL. TERRITORY OF ARIZONA, ss
 County of Gila. ''' Before me, Geo Walter Shute, a nos tarv public in and for theCounty of Gila, Territory of Arizona, on this day personally appeared c. w. P. Hunt, | F. l.. Toombs, w. II. Butler, s. l.. Gibson, William Henderson, J.B. New man. A. F. Maisch, J. L. Alexander and George R. Hill, known to me to be the persons whose names are subscrib' ed to the foregoing instrument and whc acknowledged to me that they executed the same for the purposes and con sideration therein expressed.
 Given under my hand and seal of of fee this Eth day of December, 1905.
 GEO. WALTER SHUTE,
 Notary Public. George Walter Shute 1 Notary Public,
 1 Gila County,
 Arizona.
 My commission expires April ?, 1906 TERRITORY OF ARIZONA, ss
 County of Gila.
 Op thiG 1lth dav of December. II