Daily Arizona silver belt., 1907-10-01

paid and non -assessable. Sald capital stock shall be issued upon such terms and conditions and at such times as the Board of Directors may determine, and the same may be issued in exchange for property, services or other benefits aeeruing to the corporation.
 ARTICLE ".
 The time of the commencement of the existence of this corporation shall be the date of the filing of the certi- fled copy of these Articles of Incorpora- ton in the office of the Auditor of the Territory, as provided by Law, and the termination thereof shall be twenty five years thereafter, unless renewed for a greater length of time as provided by law.
 ARTICLE V. The affairs of this corporation shall be conducted by a Board of not more than seven Directors, who shall be elect ed annually by and from among the stockholders of this corporation. The first annual meeting for this purpose and for the transaction of such other business as shall properly come before the stockholders shall be held on the second Tuesday of January in the year A. D. 1908, and such annual meetings of the stockholders shall be held on the same day in each succeeding year there. after.
 The officers of this corporation shall consist of President, First Vice. President, Second Vice. President, a Secretary and Treasurer.
 Until such Board of Directors shall have been elected, the following named persons, who are subscribers to stock of this corporation, shall constitute the Board of Directors:
 J. Bison Smith, H. B. Nelson, Dr. J. c. Steiner, William R. Meredith, John H. Wagner, R. B. Stewart, Thos. F. Kelly,
 and until such time the following named persons are hereby made and constituted the officers of this corpora tion:
 President. William R. Meredith First Vice President....John H. Wagner Second Vice President...R R. B. Stewart Secretary J. G. Steiner Treasurer. rer..............J. Bison Smith Such Board of Directors shall have the power to fill all vacancies in such Board or the officers of this corporation caused by resignation or otherwise, and until their successors are elected and qualified such Board and such officers are hereby given the power and author ity to do and perform all duties usually connected with like offices, which, pow CTS and duties while so acting as off, cers and directors shall include the adoption of corporate seal and the affixing thereof to any stock certificates or other instruments in writing which may be issued or executed by them un- der the powers herein conferred, as we'll as the adoption of Bylaws for the internal management of the affairs of this corporation.
 ARTICLE VT.
 The highest amount of indebtedness or liability, to which this corporation shall at any time subject itself shall be and is hereby affixed at the sum of One Million ($l ,o0o,oo0.) Dollars.
 ARTICLE VII. Private property of the stockholders of this corporation shall be exempt from liability for the payment of corporate debts of any kind.
 IN WITNESS WHEREOF, the incor- porators herein have hereunto set their hands this 17th day of August, A. D. 1907.s
 J. BISON SMITH (Seal)
 DIR. JOHN c. STEINER (Seal WILLIAM R. MEREDITH (Seal)
 JNO. H. WAGNER (Seal)
 R. B. STEWART (Seal)
 II. B. NELSON (Seal) TERRITORY OF ARIZONA,
 County of Cfila-Ss