Bisbee daily review., 1906-07-01

| quire and deal in the same and in the stock of other corporations in every
 manner, and to sell, transfer and ex- change the stock of this corporation l for personal and real property and for | different classes of business and the good will thereof; to sell, transfer, | mortgage, pledge and otherwise con vey and dispose of any and all of the lands and other property rights and ! privileges herein mentioned. both real
 and personal, and generally Io ,-5 aH business, acts and things incident to the things aforesaid and not contrary
 to the laws of the Territory of Ari- zopa.
 Article ". The amount of the cap | ital stock of this corporation shall be | Fifteen Thousand s15,0O0.OO) Dollars, | divided into One Hundred and Fifty Shares of the par value of One Hun dTed ($100.O0) Dollars each; tine time when and the condition upon which said capital stock shall be issued and paid for shall be as fixed by the Board of Directors, said capital stock to be issued only as fully paid and unassessable. In the discretion of the Board of Directors, and in the ab- sence of actual fraud, said capital stock may be issued as fully paid in exchange for property, both real and
 personal, and for different classes and
 kinds of business and the good will thereof, conveyed or transferred to this corporation.
 Article V. The existence of this corporation shall LeSIn smnediately after the recording of these articles of incorporation in the office of the County Recorder of said Cochise County, Arizona, and the filing of certified copy thereof in the office of the Territorial Auditor of said Terri tory. and shall continue for the period of twenty-five (25) years thereafter. Article VI. The affairs of this cor
 poration shall be conducted by a Board of Directors consisting of not less
 than three persons, who shall be share holders of the stock~ of this corpora ton.
 The first Directors of this corpora
 ton shall be M. L. Naquin, F. A. Sut- ter and F. w. Shelley, who shall hold office until the election and qualHica- tiOn of their successors at the first annual meeting of the stockholders, which annual meeting shall be held each year on the First Tuesday in April at Two @ o'clock P. M. at the office of said company in the said City of Bisbee.
 The Board of Directors shall have power to fill any vacancy in their number at any time.
 The officers of this corporation shall be President, Vice-President, Secre- 1 tary and Treasurer, and such other
 minor officers as the Board of Direc- tors may from time to time deem it l expedient to have.
 | More than one of said above men, 1 toned offices may be held by one and
 the same person.
 | Article VII. The President, Vice l President, Secretary and Treasurer, 1 for the first term and until their sue
 ceSsorS are elected and qualified, shall | be elected by the abovenamed Board
 of Directors from their number at their first meeting after the legal or
 SaniZation of this corporation, and i thereafter such officers shall be elect
 ed annually by the Board of Directors from their own number at their first
 meeting following the annual election
 of such Board.
 Article VIII. The highest amount of
 indebtedness or liability to which this corporation is at any time to be sub
 ject, shall not exceed Ten Thousand
 ($10.0G0.00) Dollars.
 Article TX. The Board of Directors
 shall adopt Bylaws for this corpor-
 alton, which may be repealed or
 amended at any time by said Board,
 or by two-thirds vote of the stock
 at regular stockholders meeting. Article X. The private property of
 the stockholders and officers of this l corporation shall be exempt from all l liability for the corporate debts of
 this corporation.
 Tn Witness Whereof, we have here
 unto set our hands and seals this 5th
 day of June, A. D. 1906. l NJ. L. NAQUIN (Seal) l F. A. SUFFER (Seal) Territory of Arizona, County of Co- | chise-ss.
 1 Before me, E. G. Strickler, a No
 tary Public in and for the County of
 Cochise, Territory of Arizona, on this
 day personally appeared NJ. L. Naquin
 and F. A SuJter, known to me to be
 the persons whose names are sub
 scribed to the foregoing instrument,
 and each acknowledged to me that l they executed the same for the pur-
 pose and consideration therein ex- l pressed.
 Given under my hand and seal of
 office this 9th day of June, A. D. 1906. | My commission expires May :, 1910. (SeaD E. G. STRICKLER