Daily Arizona silver belt., 1907-01-23

year; provided, that the date of such annual election may be changed from time to time by the bylaws of said company.
 There shall also be President, Vice President, Secretary and Treas urer of said company, and such other officers as may be provided for by by law, all of>wbom shall be elected or ap- pointed in such manner and at such times and for such terms as the bylaws may prescribe.
 The Directors shall hold office for one year from the time ostheir election and until their suceessors shall have been elected and qualified
 Vacancies in the Board of Directors shall be flied by appointment, as the bylaws may provide. and any person so appointed to fil any vacancy in the Board of Directors shall hold office pn- til the next annual election and until his successor shall have been elected and qualified No person shall be 8 Director who shall not be at the time of his,election or appointment holder of one or more shares of the capital stock of this corporation.
 All elections of directors shall be by ballot and cverysloekholder shall have the right to Note, in person or by proxy, the number of shares standing in his name on the books of said corporation, for any and all persons as directors to be elected in such manner as is provided by the by laws of this corporation.
 The affairs of this corporation are to be conducted by Board of Directors composed of J. D. Coplen, $. L. Gib son, l.. R. SeholI, J. C. Britt and W. H.. Mercer, who shah hold office until the annual election to be held on the sec ond Tuesday of January, 1908, and until their successors are elected and Qualified
 Said above) named persons herein ap- pointed are nof ineligible as such be cause of not holding any. shares of the capital stock of said company at the time of their appointment as such ii rectors, but each of said directors so appointed shall become the owner of one or more shares of said capital stock within siviy days from the date of these articles, or in default thereof shall cease to be director whenever after said period of sixty days, his default con tinuing, the Board of Directors shall declare his place vacant for such de fault.
 The officers of this corporation shall be as follows:
 J. D. COPLEN, President;
 s. L. GIBSON, Vice President;
 L. R. sCHOLL. Secretary and Treas urer;
 who shall hold office until their sue. eessors shah have been elected and qualified.
 The Board of Directors shall have the power and authority to do and perform any ,dnd ali duties usually connected with like offices. which powers and du- ties, while so acting as officers and di- rectors eff this corporation, shall include the adoption of corporate seal, upon which shall be iuscribed fhe words fol lowing: THE GLOBE-ARIZONA TEL EPHONE COMPANY, and the afiixirg thereof to any stock certificates or instruments of writing, which may he issued CT executed by them under the towers herein conferred, az well as the adoption of all necessary bylaws for the internal conduct and management of tbe affairs of this corporation; provided, that no Director performing any duty as director of this corporation shah receive any salary or compensation therefor
 The highest amount of indebtedness or liability, direct or contingent (exclu- siye of it's capital stoek) to which said company is at any time to subject it. self or be subjected shall not exceed Twenty five Thousand Dollars.
 The private property of the members of this corporation and the stockholders thereof, shall be exempt from liability for corporate debts.
 In Witness Whereof, We have here unto set our hands this 9th day of Jan nary, A. D. 1907.
 ]. D. COPLEN,
 $. L. GIBSON,
 l.. R. SCHOLL,
 JOHN c. BRITT,
 W. Ii. MERGER.