Daily Arizona silver belt., 1907-03-29

pose of any or all of its property of every character whatsoever. Provided, that on the disposal of the whole prop erty the action of the Board of Direct. ors shall he ratified by a majority vote of the corporate stock at regular or special meeting of the stockholders of the corporation.
 ARTICLE III.
 The amount of the capital stock of the corporation shall be One Million Dollars. divided into One Million shares of the par value of One Dollar each. The said stock shall be non assessable and shall be fully paid for when issued, and the time when and the further conditions upon which the said shares shall he issued and paid in shall be ,egulated and provided for by the Board of Directors.
 ARTICLE ".
 The time of the commencement of this corporation shall be the date of the filing of the certified copy of these Articles in the office of the Territorial Auditor of the Territory of Arizona, and the corporation shall eontine to exist for twenty-five years thereafter.
 ARTICLE V.
 The affairs of this corporation shall be conducted by Board of Directors ,f g.r, more than nine persons, each of whom shall be shareholder holding at least .000 shares of the stock of said com pany. A majority of said Board shall constitute a quorum for the transaction of business and the first directors shall be V. r. Smith. q. J. RideRour, H. L. Coombs, r. l.. Jones. N. H. Winters. all of Globe, Arizona, who shall hold office until the first Tuesday in April at ten o'clock on said day, or until their sue cessors are elected and qualified
 Thereafter the directors annually. at stockholders meeting. to be held al Globe aforesaid on the first Tuesday of April of each year, shall be elected and
  meneing on the first Tuesday of April of each year.
 The Board of Directors shall have power to fill all vacancies therein at any time.
 The stockholders at any regular or special meeting may elect additional directors to make a full Board of nine members and those appointed or elected shall be deemed full Board. if not less than five. until additional members are elected and qualified.
 ARTICLE VI.
 The officers of this corporation shall he a President, Vice President, Seere- tary, Treasurer and such minor officers as the Board of Directors may, from time to time, deem it wise and expedi. ent to have. The President, Vice Presi- dent, Secretary and Treasurer shall be elected annually by the Board of Di- rectors from their own number at the first meeting of the Board following the annual election of Directors. The Vhi'NS VI pNNifNdil anu litdSuitl Hlh , in the discretion of the Board of Di- rectors, be held by one person.
 ARTICLE VII.
 The highest amount of indebtedness or liability to which this corporation shall at any one time subject itself shall not exceed Seven Hundred and Fifty Thousand Dollars.
 ARTICLE VIII
 The Board of Directors shall adopt Bylaws for this corporation which may be altered, amended or repealed by said Board.
 ARTICLE TX.
 The private property of the stock holders of this corporation shall be ex- empt from any and all liability for the corporate debts of this corporation. In Witness Whereof. The parties hereto have hereunto set their hands and seals this 27th day of March, A. D. 1907.
 V. Y. SMITH (Seal)
 G. J. RIDENOUR. (Seal)