Bisbee daily review., 1906-08-24


 That the name of said corporation shall be the "Bisbee Elks." That the principal place for the transaction of its business shall be at Bisbee, in Co., chise County, Arizona.
 III.
 That the general nature of the busi- nes proposed to be transacted by said corporation shall be to acquire, own, hold, enjoy, lease Gas lessor and lessee), improve and sell real prop erty in said County, and also to con struct, equip. furnish, run, manage and maintain a social club and clubhouse, the same to be for the use and enjoy ment of the members of Bisbee Lodge No 671 of the Benevolent and Pro- tective Order of Elks.
 ".
 That the capital stock of said cor poration shall be Fifty Thousand ($50,- .000) Dollars, to be divided into Two Thousand (2000) Shares of the par value of Twenty-Five (s25.00) Dollars each. That said shares when issued shall be full paid and forever non-as- sessable. That said stock shall be di- vided into two classes, preferred and common stock and one thousand common and there shall be one thou sand shares of preferred stock and one thousand shares of common stock. That said preferred and common stock when issued shall have like voting power, that is to say, that each share of common stock shall have equal voting power with each share of pre- ferred stock. That the preferred stock shall be entitled to receive a cumula- tive dividend of six GO per cent per annum on the par value thereof, payable annually, before the common stock shall participate in the profits of the corporation. After the preferred stock shall have received six (6) per cent per annum in dividends, if there shall be any profits remaining they may be divided pro rata among the common stock. The said capital shall be paid in on call of the Board of Directors either in money. property, labor, or any other valuable right or thing, and the judg- ment of the Board of Directors as to the value thereof shall be conclusive.
 V.
 That the time of the commencement of said corporation shall be immediate ly on the filing of the articles of incor- poration in the offices of the Record CT of Cochise County and the Auditor of the Territory of Arizona, and such corporation shall continue for period of twenty-five (25) years from and after the date of such filing.
 VI.
 That the affairs of said corporation shall be conducted by its officers and Board of Directors. Said officers shall consist of President, Vice-Pres- ident. Secretary, and Treasurer. Said Board of Directors shall consist of five (5) stockholders of said corporation, and shall be elected at the anual meet ing of the corporation on the third Wednesday in April of each year, pro- vided, that the Board of Directors for the current year shall consist and be composed of the following named per sons: NJ. J. Cunningham. W. H. Brophy, J. T. Hood, J. H. Nolan, and J. M. O'Conell.
 VII.
 That the highest amount of indebt- ednes or liability to which said cor poration is at any time to subject it. self or in any way become liable for at any one time is the sum of Twenty five Thousand s25.000.00) Dollars. 55ss7 F- VIII. ylgr7s1s7Ess That the Board of Directors shall have the power to adopt, alter and amend Bylaws for this corporation.
 TX.
 That the private property of the stockholders of said corporation shall be exempt from liability for corpor- ate debts.
 IN WITNESS WHEREOF we have hereunto set our hands and seals this 30th day of June, A. D. 1906.
 M. J. CUNNINGHAM, (SEAL.)
 W. H. BROPHY, (SEAL)
 J. M. O'CONNELL, (SEAL)
 Territory of Arizona, County of Co., chise, ss.
 Before me. C. I. McReynolds, No tary Public in and for the County Of Cochise, Territory of Arizona, on this day personally appeared M. J. Gun ningham, W. H. Brophy, and J. M. O'Conell, personally known to me to be the persons whose names are sub- scribed to the foregoing instrument. and severaly acknowledged to me that they executed the same for the pur- poses and consideration therein ex- pressed. Given under my hand and seal of office this 30th day of June, A. D. 1906.
 My commission expires October 20, 1909.
 Notary Public Filed and recorded in the office Of the County Recorder of Cochise Coun- ty. Territory of Arizona, on July 7th, of