The Arizona sentinel., 1906-03-28

oGdlCS anu lIlc ISTllJOIy Ol ATlZOld.
 The amount oJ the authorized capital stock of this Corporation is Five Hundred Thous- and Dollars, (S5O0. .O00,) divided into Five Hun dred Thousand Shares of the par value of one dollar, (Sl.OO each; and such stock shall be non :assessable.
 The said Stock may be issued for subscrip- tiOn 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 subscrip- tiOns or property, real or personal, Is to be paid in, shall be determined by resolution of the Directors of the Corporation authoriz- ing the issue of such stock to the person or persons named in the resolution in consider alton of cash subscription or tho transfer to the Corporation of property. real or personal in lieu of cash; and the determination by the Directors of the value of such property, real or personal, paid in for stock, shall be con elusive as to it's value.
 The said Company may retain any propOr tion thereof in it's treasury and may sell or
  jority of it's Board of Directors, or in such manner as its bylaws may provide.
 W.
 The time for the commencement of this Corporation shall be when the Articles are filed for record in the flee of the County Re corder of the County of Yuma; the county where it's principal place of business is to be; and a certified copy filed in the office of the Territorial Auditor, and it's termination shall be twenty-five (25) years thereafter.
 The highest amount of indebtedness or lia- bility, direct or contingent, to which this Cor poration is at any time to be Subjected is the sum of Fifty Thousand Dollars (s5O,OOO)
 VI.
 The stockholders of this corporation and their private property shall be exempt from corporate debts of this Corporation, and the stock shall be non-asseSsable.
 The affairs of this Corporation are to be, and they shall be conducted by a Board of Directors, consisting of five Directors, who shall be elected annually on the first Monday of January of each year next ensuing, pro- vided that said Board of Directors may elect such officers and appoint such committee or committees from their own number to aid in the management Of the business and in the conduct of the affairs of said Corporation, as they may sec fit, 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 their successors, duly qualified shall be elected, tO-wit:
 Geo. R. Bentel T. H. Dudley w. A. Bowles, H. l.. Percy, w. c. Tonkin: and until the first annual meeting of the stockholders, the Board of Directors shall consist of five mem- bers. Vacancies in the Board of Directors shall be filled by the remaining members Of the board, or by vote of the stock holders 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 Of the County Recorder of Yuma County, Territory of Arizona, and the filing of a certified copy in the office of the Terri
 
 serve until their successors, duly qualified, Shall be elected, shall meet and organize as Board of Directors, adopt bylaws and pre- scribe in said bylaws the method of calling meetings of the Board of Directors and stock holders.
 A majority of said Directors shall be a qno- rum, and any meeting of said board at which a quorum is present shall be deemed q regu- lar meeting and shall have the same author ity as if the full board were present.
 VIII v The Board of Directors of this Corporation shall have power to establish bylaws and to change the same and to make all rules and regulations deemed expedient for the man. agement of the affairs of this Corporation and the officers thereof, nOtinconsistent with the constitution and laws of the United States andlaws of this Territory. In witness whereof we have hereunto set our hands and seals this 10th day of February, 1906.
 Geo. R. Bente GSeall
 N. NJ. Edmond [Seal.I
 W. c. Tonkin [Seal. State of California. County of Los Angeles ," On this 10th day of February, in the year 1906 before me, A. D. Laughlin. a Notary Pub lie in and for the State and County aforesaid, residing theTe4n, duly coWpaissioaed a2d