The Coconino sun., 1907-07-18

powers this corporation shall have power to acquire, dispose of and other wise deal with any and all kinds of property; to do any and all acts and things, and to engage in any and every other lawful business not pro- hibited by the Jaws of the Territory of Arizona or of the United States of America, in any part of the world, as in the judgment of the Board of Di- proper or expedient, having and exer- cising the same rights and privileges as private individuals now enjoy.
 ARTICLE V.
 The existence of this corporation shall commence on the day when these articles are filed in the office of the County Recorder of Coconino county, Arizona Territory, and a certified copy thereof filed with the Territorial Aud itor of Arizona, and shall terminate twenty-five (25) years thereafter, but this charter may be renewed from time to time, as now provided by law, or as may be hereafter provided by law, so as to make the same perpetual.
 ARTICLE VI.
 The highest amount of indebtedness to which this corporation shall at any time subject itself is two hundred and fifty thousand tS250,000) dollars, which may be in such form and secured in such manner as the Board of Directors may determine.
 ARTICLE VII.
 The private property of the stock holders of this corporation shall be and is hereby made forever exempt from any and all liability for it's debts or obligations.
 ARTICLE VIII.
 The capital stock of this corporation shall be and is hereby made forever by this corporation for any purpose.
 ARTICLE TX.
 The affairs of this corporation shall be conducted by Hoard of five (5) Di- rectors, who shall be elected from among the stockholders at the annual stockholders meeting, which shall be held at the principal office of the cor poration at the City and State of New York, on the second Wednesday in No vember in each year. Said directors shall hold office for one year, or until their successors are elected and quail fled, and said board shall have power to fill vacancies in it's own member ship and to make and establish by. laws, rules and regulations for the government of the corporation and the management of its affairs Until the CTS, or until their successors are elect ed and qualified, the following persons shall constitute the Board of Directors of this corporation:
 J. K. Clair Robert Brown Warren Smith K. Fl. Cameron J. $. Corey
 ARTICLE <.
 The officers of this corporation shall be President, Vice President, Secre- tary and Treasurer, but the offices of Secretary and Treasurer may be held by the same person if the Board of Di- rectors so elect. The aforesaid officers shall be elected by the Board of Direct ors from among its members. In ad- dition to the foregoing officers the board may provide for such other off cers as they may deem necessary or proper for the purpose of transacting the business of the corporation. These officers shall be elected at the annual meeting of the Board of Directors, ticable after the annual stockholders meeting. The duties of said officers shall be prescribed by the Board of Di- rectors, which shall have power to till vacancies in said offices. Until their successors are elected and qualified the officers of said corporation shall be: President-J. k. Clair.
 vice-President- Warren Smith.
 Secretary and Treasurer - Robert Brown.
 In Witness Whereof, We have here unto set our hands, this 8th day of July, A. D. l9O7.
 RALPH H. CAMERON.
 J. E. RUFFIN.
 B. A. CAMERON.
 ]. K. TREAT.
 JOHN WooDy. TERRITORY OF ARIZONA
 County of Coconino
 Before me. T. F. Pulliam. Notary Public in and for the county of Coco nino, in the territory of Arizona. on this day personally appeared Ralph H. Cameron, J. F. Rufiin, B. A Cameron. J. k. Treat. John Woody, each of whom is personally known to me to be the person whose name is subscribed