Daily Arizona silver belt., 1907-01-19

are and shall be Five (5) Directors, who shall be annually elected upon the second Tuesday of January of each 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 a President, a Vice President, Secretary and Treas urer of said company, and such other officers as may be provided for by by law, all of whom 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 of their election and until their successors shall have been elected and qualified.
 Vacancies in the Board of Director shall be filled by appointment, as the bylaws may provide, and any person so appointed to fill any vacancy in the Board of Directors shall hold office un- til the next annual election and until his successor shall have been elected and qualified No person shall be a 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 everystoekholder shall have the right to vote, 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 he elected in such manner as is provided by the bylaws of this corporation.
 The affairs of this corporation are to be conducted by Board of Directors composed of J. D. Coplen, s. l.. Gib- son, L. R. Scholl, J. c. Britt and w. H. Mercer, who shall hold office until the annual election to be held on the see ond Tuesday of January, 1908, and until their successors are elected and qualified.
 Said above named persons herein ap- pointed are not ineligible as such be ,ause of not holding any shares of the capital stock of said company at the time of their appointment as such di rectors, but each of said directors 80 appointed shall become the owner of one or more shares of said capital stock within sivty 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. cessors shall have been elected and qualified.
 The Board of Directors shall have the power and authority to do and perform any and all duties usually connected with like offices, which powers and du- ties, while SO acting as officers and di rectors of this corporation, shall include the adoption of corporate seal, upon which shall be inscribed the words fol lowing: THE GLOBE-ARIzONA TEL EPHONE COMPANY. and the affixinl thereof to any stock certificates or instruments of writing, which may be issued or executed by them under tho powers herein conferred, as we'll as tho adoption of all necessary bylaws fol the internal conduct and management oi the affairs of this corporation; provided that no Director performing any duty as a director of this corporation shall receive any salary or compensation therefor.
 The highest amount of indebtedness or liability, direct or contingent (exclu siye of it's capital stock to which saiG company is at any time to subject it self or be subjected shall not exceed Twenty-Five Thousand Dollars.
 VII.
 The private property of the member: 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 uary, A. D. 1907.
 J. D. COPLEN,
 s. l.. GIBSON,
 l.. R. SCHOLL, JOHN c. BRITT, W. II. MERGER.