Bisbee daily review., 1906-08-22
I I

That the name of said corporation 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.
 III.
 That the general nature of the busi- mes 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 (S50,- 000) Dollars, to be divided into Two | Thousand (2000) Shares of the par value of Twenty-Five .(s25.O0) 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 l 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 co 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 co 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 Ily 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 a President, Vice-Pres- Iident. 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, U. T. Hood, J. H. Nolan, and J. NJ. IO'Conell.
 That the highest amount of indebt- lednes or liability to which said cor lporation is at any time to subject it.
 self or in any way become liable for lat any one time is the sum of Twenty
 five Thousand (s25 .O00.00) Dollars.
 rbst the Bosrd of Directors shaIf Ihave the power to adopt, alter and Iamend 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 lhereunto set our hands and seals this l3Oth day of June, A. D. 1906.
 | NJ. J. CUNNINGHAM, (SEAL.) w. H. BROPHY, (SEAL) 1 J. M. O'CONNELL. (SEALA
 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, , ard 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.
 i My commission expires October 20 1909.
 (sEAL.) c. I. M'REYNoLDs, , Notary Public Filed and recorded in the office oi the County Recorder of Cochise Coun' } ty, Territory of Arizona, on July Ith , 1906. and in the office of the TeTrito rial Auditor at Phoenix, Arizona, or