The Arizona sentinel., 1906-06-20

| The amount Oy the authorized capital StOck of this Corporation is Three Million dollars ] (S3, ,000.000,) divided into Three Hund red Thousand Shares of the par value Of ten dollar (Sl0OO each; and such stock shall be non assessable.
 The said Stock may be issued for subscrp- ton in cash or in consideration of any other property, real or personal. 1 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- i tiUns or property, real or personal, is to be 1 paid in, shall be determined by resolution l fthe Directors of the Corporation authoriz- 1 ing the issue of such stock 10 the person or | persons named in the resolution in consider alton Of cash subscription or the transfer to 1 the Corporation Of property, real or personal, | in lieu Of f,sSSh; and the determination by the l Directors of the value Of such property, real 1 or personal paid in for stcek, shall be con- elusive ;rs to it's value.
 TlIe said Company may retain any pTOpor- ton thereof in it's treasury and may sell or contract to sell the same by 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 poration shall be when he articles are filed for record in the office of the county recorder of the county of Yuma, the county where its principal place of business is to be; and a certified copy filed in the office of the Territo- 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 Cs50O0D. VI. The stOckholder IFS 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 of this corporal ton are to 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 next 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 it, and vest in such officers and said committee all such powers as they may deem 1 eXpedient.
 The following-named persons shall consti tute the board Of directors of this corporation until thelr successors. duly qualified, shal be elected to-wit: ". 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 O. the stockholders the beard of directors shal consist of seven members.
 Vacancies in the board of directors shall b, filled by the remaining members of the board or bv vote Of the stockholders at a specia meeting called by the president for that pur pose.
 Immediately or soon as practicable aftel the filing of these articles for record in tn, office Of the county recorder of Yuma County Territory of Arizona, and the filing of a cer tiffed copy in the office Of the Territorial Au ditor. the persons named herein to serve unti their successors, duly qualified, shall b, elected, shall meet and organize as a board o directors, adopt bylaws and prescribe in said bylaws the method Of calling meetings O the board of directors and stockholders. \ majority of said directors shall be a quo
 
 a quo ram is present shall be deemed a regular meeting and shall have the same authority as if the full board were present. VIII. 1he board Of directors of this corporation shall have power to establish bylaws and tC change the same. and 50 make all rules ant , regulations deemed cNls,dient for the nIalf ageHlent of the affairs of this corporation ane thC officers tbercOf, not inconsistent with th, constitution and laws of the United State: and laws Of this Territory. In witness whereof VIC have hcrcunto SC our bands and seals this 9th day of June I956.
 | Geo, K. Bentel ISeal
 Y. II. Edmond, [SealJ ". C. Tonkin tSeall State of California,
 County Of Los Angeles '''
 On this 5th day of June, iA the year 19C6 be 7 fore me, -i. D. Laughin, notary public in ant for the State and county aforesaid, resiain, therein, duly commissioned and sworn persou ally appeared Geo. k. Bentel, N. M Edrnont