The Arizona sentinel., 1906-07-25

The amount oI the authorized capital stock fthis Corporation is Three Million dollars | (S3, ,000C00) divided into Three Hundred Thousand Shares of the Far value of ten dollar (Sl00G) each; and spch 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 subScrp- tions or property, real or personal, is to be paid in, shall be determined by resolution 1 fthe Directors Of the Corporation au;horiz- ing lie issue Of such stock to the person or l persons named in the resolution in consider alton Of cash subscription CT the transfer to i tae Corporation of property. real or personal, | in lien of cash; and the determination by the | Directors Of the vaFie of such property, real or personal, paid in for stock, shall be con- elusive as to its value.
 l The said Company may retain any propor- tion thereof in it's trclsury and may sell or contract to sell the same by a vote of the ma | jority Of it's board of directors, or in such manner as its bylaws may provide. ".
 | The time Of the commencement of this cor poraton shall be when thc articles are filed for record in the office of the county recorder of the county of Yuma, tic county where its principal place of business is to be: and [, certified copy filed in the office of the Territo- rial Auditor and it's termination shall be twenty-five (25) years thereafter. V.
 The highest amount of indebtedness or lia- bility, direct or contingent, 10 which this cor poration is at any time to be subjected is the sum of Fifty thousand dollars G5OOO0. 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-assessa5lc.
 VII.
 The affairs ofthis corporation are 10 be- and they shall be. conducted by a board of di- l 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 CT com- lnittees 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 ii, and vest in such officers and said committee all such powers as they may deem expedient.
 The fOllowing-named persons shall cOnsti- tute the board of directors of this corporation until thelr successors, duly qualified, shall be elected, to-wit: w. c. Tonzin, Col ]. w. Darlington. T. II. Dudley, Tracy C. Drake, Geo. R. Bentei, N. NJ. Edmond, and w. A. Bowlcs and until the first annual meeting of the stockholders the beard of directors shall consist of seven members
 Vacancies in the board of directors shall he 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 Ol the county recorder of Yuma County, Territory of Arizona, and the filing cf a cer- tifed 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 board of directors, adopt bylaws and prescribe in said bylaws the method Of calling meetings o1 the board Of directors and stockholders. R IsdjCIily or SalU directors snail be a quo rum, and any meeting Of said board at which | a quorum is present shall be deemed a regular meeting and shall have the same authority as if the full board were present. NIII
 The board of directors Of this co: poration shall have power to establish bylaws and to 1 change the same, and to make all rules and | regulations deemed expeGcnt 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 LScal
 N N. Edmond, ISeall
 ". C. Tonkin [Seall
 State of California.
 1 County Of Los Angeles S9'
 On this 5th day of June, in the year I906 be fore me, A. D. Laugillin. a notary public in anu for the State and county aforesaid, resiain ,