Bisbee daily review., 1906-05-20

the Territory of xriona or of the United States Of America.
 ". That the amount 0f the capi- ta. stock of the said corporation shall be Two Hundred Thousand Dollars. z divided into Twenty Thousand shares of . par value of Ten Dollars each. each, payable in money, property. labor or any other valuable right or thing. and the judgment of the Board of Directors as to the value thereof shall be conciusive: and furthermore that the payments on such stock shall be subject to call by the Board of directors.
 V. That the time of commence nient of said corporation shall be i'm mediately on filing these articles with the Recorder of the County of Cochise. Arizona, and the Auditor of the Terri shall continue for period of twenty five years from and after the date of said filing.
 VI. That the affairs of said cor poration shall be conducted by Board of seven Directors, who shall be stockholders of the corporation and shall be elected at the annual meeting of the Corporation on the second Wednesday of March. A. D.. 1907, and on the same date each year thereafter. That all Sockho}ders and directors meetings may be held at its general offices at Calumet, Michigan; that the officers of said corporation, shall be a President and Vice-President. both to be elected by the Board of Directors from their own number; a Secretary, a Treasurer, and such other officers as the Board of Directors may deem necessary, who may be chosen from among the stock holders. The members of the Board of Directors for the current year and | until their successors are chosen and qualified are:-Hermann Bibber, of Calumet, Mich; A. M. Mackenzie, of Calumet. Mich; Benjamin Blum, of Calumet, Mich; John Ellis, of Calu- met, Mich; John H. Mannier, of Lam nun. Mich; John Biscomb, of Han cock, Mich; Sayin Lisa, of Butte, Mont.
 VII, That the said corporation is not at any time to subject itself to a greater liability than One Hundred Thousand Dollars except upon the written consent of tn ehoIders of one half of the capital stock outstanding at the time the obligation is incurred and in no case shall such indebtedness be incurred to an amount exceeding two-thirds of the outstanding capital stock
 VIII. That the private property of the stockholders of said corporation shall be exempt from liability for cor. . porate debts.
 IN WITNESS WHEREOF, we have hereunto set our hands and seals this 1, 10th day of March, A. D. 1906. HERMAN BIBBER, (SEAL) A. NJ. MACKENZIE, (SEAL)
 BENJAMIN BLUM, (SEAL) JOHN H. MANNER, (SEAL1 JOHN BISCOMB. (SEAL) , State of Michigan, County of Hough , ton, ss.
 , Before me, Samuel Jeffrey( notary public in and for the County of Hough' ton, State of Michigan, on this day . personally appeared Herman Bibber , A. M Mackenzie, Benjamin Blum 1. John H. Mannier and John Biscomb known to me to be the persons whose names are subscribed to the foregoing instrument and acknowledged to me that they executed the same for the purposes and consideration therein expressed.
 Given under my hand and seal oi office this 10th day of March, A. D 1906.
 SAMUEL JEFFREY, Notary Public in and for the County Of Eoughton, State of Michigan My commission expires December 21, 1909. r Filed in the office of the County Recorder of Cochise County, Ariona
 March 18th, A. D. 1906.