Daily Arizona silver belt., 1907-03-05

annual election may be changed from time to time by Bylaw of said com pany
 There shall also be president, a vice president, treasurer and a secre- tary of said company, and such other officers as may he provided for by By Law, all of whom shall be elected or appointed in such manner and at such times and for such terms as the By Laws 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 directors shall be filled by appointment by the board, Any person so appointed to fill a vacancy m the board of directors shall hold office until the next annual election and until his successor shah have been elected and qualified, No person shall be director who shall not be at the time of his election or appointment a holder of one or more shares of the capital stock of this corporation.
 See. 2. All elections of directors shall be by ballot and every stock holder 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 be elected in such manner as is provided by the Bylaws of this corporation.
 See. 8. The affairs of this corpora. tion are to be conducted by board of directors composed of II. H. Harvey, $. NJ. Yoeman, E. w. House, D. D. Sul livan, w. II. Butler, !. I. Keegan and l.. l.. Henry, who shall hold office until the annual election to be held on the 9th day of February, 1908, and until their successors are elected and quail fed
 Said above named persons hereby ap pointed directors are not ineligible as such because of not holding any shares of the capital stock of said company at the time of their appointment as such directors, but each of said directors so appointed shall become the owner of one or more shares of said capital stock within sixty days from the date of these articles of incorporation or in default thereof shall cease to be a director whenever, after said period of sixty days, his default continuing, the board of directors shall declare his place vacant for such default.
 SIXTH: The highest amount of in debtedness or liability. direct or con tingent (exelusive of its capital stock } to which said company is at any time to subject itself or be subjected. shall not exceed Six Hundred Thousand (s6OO, ,0OO.OO) Dollars.
 SEVENTH: The said company shall have power to issue, sell and hypothe cate its bonds for the furtherance of any and all purposes for which said company is formed, as set forth in these articles of incorporation, and any amendment or amendments which may be made thereto. and to secure sueA bonds and other debts and obligations of said company by mortgage, trust deeds or pledges on any and all its property; and it shall have power to secure sinking fund for the payment of any of its bonds, debts or obliga tions.
 EIGHTH: That the private property of the members of this corporation and the stockholders thereof shall be exempt from liability for the corporate debts
 In Witness Whereof, We have here unto set our hands this...-....-..day of February, 1907.
 II. II. HARVEY, <. NJ. NORMAN.