Arizona republican., 1906-04-22

and until their successors shall have been elected and qualified are K. B. Hig- bee and C. M. Hlgbee.
 The annual meeting of the stockholders for the election of directors and the transaction of other corporate business shall be held on the second Tuesday of January in each calendar year, and may be held beyond the limits of the terri tory of ArtZona.
 The directors meetings may be held within or without the territory of Ari- zona, as may be provided by the by laws, and the right to vo,e by, proxy at the meetings of both stockholders and directors is hereby established. The dl- rectors have the power to elect, deSlg- nate and appoint such officers and slider necessary or eXpedlent, and to re move the same at pleasure and to fix the salary of such officers and agents
 The highest amount of indebtedness or liability. direct or continSent to which this corporation shall at any time De 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-thiTds 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 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 be non-assessabIe and all or any part thereof may be issued. full paid, is pay, ment for labor done. or services rendered and performed, or in the purchase of ana payment for mines mineral or placer de rights slt thereto i or interest therein. or for water ditch or reservoir rights, DrlVll- eges or priorities, or for mills. =nanu- facturies, buildings. machinery or other proDerty 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, not 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 of March. A. D. 1906.
 P. B. HIGBEE. (Seal)
 C. M. HTGBEE. (Seal) Signed, sealed and delivered in the presence of
 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 QeSCTined lAs SHu WnOSe names are subscribed tO the foregoing instrument. and they acknowledged before me that they executed the same for the pur- poses and considerations therein express ed 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 a foresaid. the day and year last above writer.
 (Seal) T z. RICHWORTH.
 Notary Public. Ramsey county. Minn. My commission expires July 2. 1910