The Arizona sentinel., 1906-08-15

bNs HiiiitNs NlssiiiSs Oll lsttluS tOt lands, mineral lands, oil, gas, coal, shae as phaltum, petroleum, asbestos, salt, water and water rights and machinery, and to work mine, explore, operate and develop the same 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 | (S3,0Cl .GO0) divided into Three Hundred Thousand Shares of the par value of ten dollar, (Sl0G0) 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- lions or property, real or personal, is to be paid in, shall be determined by resolution 1 fthe Directors of the Corporation authorz Ing the issue Of such stock to tine person OI | persons named in the resolution in consider ation of cash subscription CT the transfer to the Corporation Of property, real or personal 1 in lies Of cash; and the determination by the 1 Directors Of the value of such property real { or personal. paid in fer stcek, shall be con- elusive ;ls to it's y;tlue.
 | The said Company may retain any propor- tion thereof in it's tieas,try and may sell or contract to sell the same by 9 vote of the mr. jority Of it's board Of directors, or in such manner as its bylaws may provide. ".
 The time Of the commencement Of this cor poration shall be when the articles are filed 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 s, certified copy filed in the office of the Territo- rial Auditor and it's termination shall be twenty-five (25l years thereafter.
 The highest amount of indebtedness or Iia- bility, direct or contingent, to which this cor poration is at any time to be subjected is the sum of Fifty thousand dollars ($50C00).
 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.
 Tbe affairs ofthis corporation are to be. and they shall be, conducted by 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 con- mittees from their own number to aid in 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 committee all such powers as they may deem eXpedient.
 The following-named persons shall consti- | tate 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. II. Dudley, Tracy c. Drake Geo. R. Bentei, W. NJ. Edmond and w. A. Bowles; and until the first annual meeting oi the stockholders the beard of directors shall consist of seven members
 Vacancies in inc board of directors shall be | filled by the remaining members of the board or by 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 d cer- | tified copy in the office of the Territorial Au- ditor, the persons named herein to serve until their successors, duly qualified, shall be elected, shall meet and organize as a board of directors, adopt bylaws and prescribe in said ! h5--laIUc ..fc pt the board of directors and stockholders.
 A majority of said directors shall be quo rum, and any meeting Of said board at which q quorum is present shall be deemed regular meeting and shall have the same authority as if the full board were present.
 VIII.
 The board of directors of this corporation shall have power to establish bylaws and 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 sci our hands and seals this 9th day of June 1896.
 Geo, R. Bentel Seal
 N. NJ. Edmond, LSeall
 " c. Tonkin [SealI
 State of California,
 1 County of Los Angeles '@'
 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