Arizona republican., 1906-04-21

and until their successors shall have been elected and qualified are R. B. Hig- bee and c. M.. Higbee-
 The annual meeting of the stockholders for the election of directors and the shall be held on the second Tuesday of January in each calendar year, and may be held beyond the limits of the terri The directors meetings may be held within or without the territory of Arr zona. as may be provided by the by laws, and the right to vote by proxy at the meetings of both stockholders and directors is hereby established. The df- rectors have the power to elect. desig- 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 subject or which shall be incurred, either directly or indirectly. by this company shall in no event exceed in amount or be equal to two-thirds of the said capital stock.
 The private property of the stockhold- CTS of this corporation shall be and Is exempt from all liability for the debts or obligations of this corporation and there shall be no individual liability On the part of the stockholders of said cor poratiOn for corporate obligations.
 TX.
 All of the stock of said company shall
 
 thereof may be issued. full paid, is pay ment for labor done, or services rendered and performed, or in the purchase of and payment for mines, mineral or placer de- posits, mining or other property. or rights thereto, or interest therein, or for water, ditch or reservoir rights, priVil- eges or priorities, or for mills. -nanu- facturies. buildings. machinery or other property as when deemed by the board of directors to be necessary for the bus mess of the company. and when so is sued 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, rot inconsistent with the laws of the territory of Ar1- zOna, for the purposes of said company. Tn witness whereof we have hereunto set our hands and seals this seventh day
 R. B. HIGBEE. CSeaI)
 c. M. HIGBEE. (Seal) Signed, sealed and delivered in the K w. SULLIVAN
 T. s. RICHWORTH
 State Of Minnesota,
 County Of Ramsey-sS.
 On this Sth day of March. A. D. 1906. before me, notary public. in and for the 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 t0 the forePoing instrument. and they acknowledged before me that they executed the same for the Dur- poses and considerations therein express cd as their free and voluntary act and deed.
 Tn witness whereof T have hereunto set my hand and affixed my official seal at my office in the state and county aforesaid. the day and year last above written.
 (SeaL IT g. RTCHWORTH
 Notary Public. Ramsey county. Minn My commission expires July 2. 1910.