Bisbee daily review., 1906-07-18

do hereby certify, acknowledge and adopt the following articles of incor- poration:
 The name of this corporation shall be The J. E. Thompson Company"
 2.
 The principal place of business of this corporation shall be the City of Bisbee. County of Cochise, Territory of Arizona, and it may have branch offices at such places as the board of directors may from time to time se- feet.
 The general nature of the business and enterprises proposed to be con. ducted by this corporation is as fol- lows, to-wit: To acquire. own and pur. chase, lease, rent, sell, convey and bond, and enter any lands and real estate; to locate, purchase, sell and dispose of mines and mining claims, timber and water rights: to acquire, own and sell personal property, and property of every kind and descrip- ton; to sell, transfer. mortgage and otherwise cucumber any and all of the property, both real and personal, own ed or acquired by this corporation, for the purpose of exercising the powers herein granted according to law; to do a general insurance business, and to act as agents of insurance compa- nies, both foreign and domestic, and to act as agent of other persons, or companies, engaged in similar or oth- CT business, and to do everything nee essary or requisite in the carrying on general insurance business ito bor- row money and pledge the credit of this corporation for the payment thereof. and to lend the moneys Of this corporation, and to accept securi- ty for the same, to sell its own stock, and to purchase, own, or acquire the same. and to purchase, own or acquire the stock of other corporations, and to do any aad all acts and things incident to the powers and purposes aforesaid, and not contrary to the laws of the Territory of Arizona, CT of the United States.
 The amount of the capital stock of this corporation shall De sixty (s6O,- O0O) dollars. divided into six thousand (60O0) shares of the par value of ten (S10) dollars each. The time when, and the conditions upon which the said capital stock Is to be paid into the corporation shall be as the board of directors of the corporation may prescribe.
 ,.
 The existence of this corporation shall begin immediately after record ing these articles with the County Re corder of the County of Cochise, Terri tory of Arizona, and filing certified CODY thereof with the Territorial Au- ditor of the said Territory, and it shall continue for a period of twenty-five years thereafter.
 The affairs of this corporation shall be conducted and managed by board of directors consisting of not less than three persons, who shall be share holders of the stock of this corpora tion, which number of directors may be increased by majority vote of the stockholders at any regular, or special meeting of the same, after the first n1eetizg of said stockhold- CTS herein provided for. The first directors shall be the incorpora- tors named herein, and they shall con tiuue in office until their successors are elected and qualified as herein af- ter provided for.
 T.
 The first regular annual meeting of this corporation anl of the stockhold- CTS thereof shall be held on the first Monday e2 October. 1906. in the City of Bisbee, Arizona, and eErry year thereafter the regular annual meeting of the stockholders shall be held on said day. At the first meeting herein provided for, successors to the first board of directors shall be elected The board of directors of this corpora ton shall have power to fiil vacancies among their number, and among the officers of the corporation, by appoint ment, pending 8 regular meeting or special meeting of the stockholders thereof.
 The officers of this corporation shall be President, Vice-President, Secretary and Treasurer, and such minor officers as the board of direc- tors may fIsm time to time deem expe- dient, and any one officer may hold more than one office in this corpora tion. After tae first annual meeting of the stockholders herein provided for, the President and Vice-President, Secretary and Treasurer shall be elected annually by the board of df- rectors from their own number, at the first meeting of the board of directors following the annual election, and the first board provided for may select said officers.
 g.
 The highest amount of indebted ness or liability, direct or contingent. to which this corporation is at any time to be subject shall not exceed fcrty thousand (s40o90) dollars, or two-thirds of the amount of its capital stock.
 The private property of the stock holders, directors and officers of this corporation. whose stock in this cor poration is fully paid up, shall be ex- empt from aIi liability Tor the corpo- rate debts thereof.