Bisbee daily review., 1906-08-23

shall be the ''Bisbee Elks." That the principal place for the transaction of | it's business shall be at Bisbee, in Co
 chise County, Arizona.
 I IT.
 | That the general nature of the busi nes proposed to be transacted by said corporation shall be to acquire, own l 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. 1 tective Order of Elks.
 ".
 That, the capital stock of said cor
 poration shall be Fifty Thousand (s50,. 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 ard 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 (6) 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 a period of twenty-five (25l years from and ,, after the date of such filing. VI
 That the affairs of said corporation shall be conducted by it's officers and l a 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. NJ 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. VIII.
 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. I M. J. CUNNINGHAM, (SEAL.) w. H. BROPHY, (SEAL.) J. Nj. O'CONNELL. (SEALD | Territory of Arizona, County of Co chise, ss.
 | Before me, c. I. McReynolds, a No | tary Public in and for the County O | Cochise, Territory of Arizona, on thi'
 day personally appeared NJ. J. Gun
 ningham, W. H. Brophy, and J. M | O'Conell, personally known to me tt be the persons whose names are sub | scribed to the foregoing instrument aEd severaly acknowledged to me tha they executed the same for the pur poses and consideration therein ez pressed.
 | Given under my hand and seal 0
 office this 30th day of June, A. D 1906.
 1 My commission expires October 2C
 1909.
 (sEAL-) c. I. M'REYNoLDs,
 Notary Publi
 Filed and recorded in the office O the County Recorder of Cochise Coun l ty. Territory of Arizona, on July 7tt 1906, and in the office of the Territi rial Auditor at Phoenix, Arizona, O. | IuIv 18th 19Cj6