Bisbee daily review., 1906-08-26

Sndll De Iull palG ana 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 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 tGS 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.
 W.
 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 (25) years from and after the date of such filing.
 VI
 That the affairs of said corporation shall be conducted by its officers and 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 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 I 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 of said corporation shall be exempt from liability for corpor- ate debts
 IN WITNESS WHEREOF we have hereunto set our hands and seals this seth day of June, A. D. 1906.
 M. J. CUNNINGHAM, (SEAL)
 W. H. BROPHY, (SEAL)
 J. NJ. 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 lay personally appeared M. J. Gun ningham, W. H. Brophy, and J. M. o'Conell, personally known to me to De the persons whose names are sub [ ,cribed to the foregoing instrument, l md severaly acknowledged to me that hey executed the same for the pur- f poses and consideration therein ex- !. ,ressed. Given under my hand and seal of | ,ffice this 30th day of June, A. D. | -906. My commission expires October 20, i 1909. (SEAL.) c. I. MREYNOLDS,
 Notary Public Filed and recorded in the office of he County Recorder of Cochise Coun- -y, Territory of Arizona, on July 7th, 1906, and in the office of the Terlito- rial Auditor at Phoenix, Arizona, on July 16th, 1906.