Daily Arizona silver belt., 1907-10-15


 
 tions upon such terms as the directors of the companies may agree upon.
 TIT.
 The authorized capital stock of this corporation is and shall be Twenty Thousand 0,0O0.OO) Dollars, divided into Two Hundred shares of the par value of One Hundred ($100.00) Dol lars each, and when issued shall be fully paid for in cash, services, or property of an equivalent cash value, and shall thereafter be non -assess1ble. ".
 The time of the commencement of the filing of these Articles of Ircor- poration with the County Recorder of said Gila County, and a certified copy with the Territorial Auditor shall nave been completed, and the term thereof shall be twenty-five years from and after said date.
 VI.
 The affairs of this corporation shall be conducted by Board of not less than five, nor more than seven Direct ors, elected by and from the stock holders of this corporation. The first | annual meeting for this purpose and for the transaction of any other bus mess that may properly come before the stockholders shall be held on the sec ond Monday in January, A. D. 1908, and such annual meetings of the stock holders shall thereafter be held on the same day in each succeeding year. Until such Board of Directors shall have been elected and qualified, the fol lowing named persons, who are sub scribers to the stock of this corporation, shall constitute the Board of Directors: Patrick Rose, J. w. Wentworth, C. G. Mardorf, F. T. Stewart, J. c. Phillip son, K. E. Merritt and A. H. Stearns. The officers of this corporation shall consist of President, Vice President, a Secretary and a Treasurer, and until the first annual meeting of said stock holders and the election and qualifying of said officers, the following persons are hereby made the officers of this cor. poration:
 Vice-President. A. II. Stearns Secretary E. T. Stewart Treasurer. G. Mardorf The Board of Directors shall have the power to perform all of the duties us- ually connected with like offices, which powers shall include the adoption of a corporate seal, and of Bylaws for the internal management of the affairs of this corporation.
 The Board of Directors shall have power to sell, assign, transfer, convey or otherwise dispose of the whole or any part of the property or assets of this corporation as an entirety or going concern, either for cash, or in exchange for other property or securities, on such terms and conditions as they may deem proper and fair to the interests of the stockholders; provided however that a majority of said Board of Directors, representing majority of the stock issued and outstanding shall vote in favor of said transfer
 VII.
 The highest amount of indebtedness to which this corporation shall at any time subject itself shall be and is here by fixed at the sum of Ten Thousand Dollars.
 VIII. Private property of the stockholders of this corporation shall be exempt from liability for the payment of corporate debts.
 IN WITNESS WHEREOF, The in- corporators herein have hereunto set their hands this Eth day of October, 1907. PATRICK ROSE
 F.. T. STEWART
 J. w. WENTWORTH
 C. G. MARDORF
 J. c. PHILLIPSON
 K. E. MERRITT
 LYMAN c. WOODS
 JOS. w. BANDHAUER