Daily Arizona silver belt., 1907-10-12

lard, who were duly and regularly cho sen and elected as such governors al meeting of said Globe Chamber of Commerce duly called and held on the Sixth day of August, A. D. 1907, at the Courthouse in said City of Globe, al which time and place the said persons were. duly and regularly nominated as such Governors, and upon vote of thu members of said Globe Chamber of Commerce duly taken, cast and can vassed, were elected as such officers, tC hold office until the first annual meeting of the corporation and until their sue cessors shall be elected and qualified as more fully and at large appears by tho oath of the officers conducting said elec ton, hereunder written.
 Said Board shall have power to fill vacancies in the membership of said Board, however ocasioned, by the selec tion of qualified persons; to make and amend bylaws, rules and regulations for the conduct of the Company's busi ness, the preservation and use of its property, and to prescribe the duties of the officers, executive committee and employees of the corporation; to have general supervision and charge of its property and business, and to exercise any and all corporate powers and func tions on its behalf.
 Said Board shall elect from its own members an Executive Committee con sisting of five Governors, one of whom shall be the President of the corpora tion, which Executive Committee shall when the Board is not in session, have and exercise all the powers of said Board; and the President of the corpor ation shall be ex-officio chairman of said Executive Committee.
 The officers of said corporation shall be a president, as many vice-presidents as the Board may deem necessary ol proper, to be known as lst, 2nd, 3rd etc. vice-presidents; a secretary, g treasurer, and such other officers as the Board may designate, who, together with the Executive Committee, shall be chosen by the Board at its first meeting and thereafter at the annual meeting of said Board, to be held on the first Tuesday after the annual meeting ot the members of the corporation, and said officers and Executive Committed shall hold office until the succeeding an nual meeting, or until their successors are chosen and qualified; and all vacan cies in any office, or in the Executive Committee, however and whenever oc curing, may be filled by the Board oi Governors by the election of qualified persons.
 The president and the first vice-presi deut shall be members of the Board oi Governors, but all other officers may be chosen by the Board without refer ence to such membership, but they shal be members of the corporation.
 The Board shall also, from time tC time, designate and appoint from thu members of the corporation such com mittees and subcommittee as may b' provided for in the bylaws of the cor poration or to said Board may seen necessary or desirable for the prope conduct and oversight of any partieulai | matter of business of the corporation and said committees, when so desig mated and appointed, shall have juris dietion and oversight, direction an, management of such matters of busi ness, and shall exercise such powers ol behalf of the corporation in relation thereto, as may be granted or ike, by the bylaws or fixed by resolution O. the Board providing for the appoint ment or designation of such committees but all such committees shall act fo the corporation subject to the oversigh of the Board, and shall be agents t bind the corporation only to the exten fixed by such bylaws or such resolu tion and only as to matters within tn scope of their authority and contem plated by such bylaws or resolution. ARTICLE VII.
 The highest amount of indebtedness or liability to which this corporation | may dI any llnic ldWAuliy oubJNN' ioSS' shall be Fifteen Thousand ($l5,0 ,000.00 Dollars, and any indebtedness incurre' in excess of said amount shall be with out the power of it's officers to creat and shall not be binding upon it as corporation.
 ARTICLE VIII.
 The private property of the member of this corporation shall be forever ex empt from liability on account of an. debt or obligation of the corporation.
 IN WITNESS WHEREOF, the under signed, as incorporators, have hereunt set their hands, this 2nd day of Septem Der, 1907.
 JAMES EWING
 l H. V. SMELL
 ALFRED A. COIN
 GEORGE J. STONEMAN Incorporators