Daily Arizona silver belt., 1907-03-27
shall be conclusive.
ARTICLE ".

 this corporation shall be the time when these articles are filed in the office of the County Recorder of Gila County, Territory of Arizona, provided that a certified copy thereof shall be filed in the office of the Territorial Auditor of Arizona; publication of said articles shall be made, and affidavit of such publication filed, in the manner and at the time required by law. The teimina. tion of this corporation shall be twenty five years from and after the dNte of filing certified copy of said articles in the office of the Actor of the Ter. ritory of Arizona.
 ARTICLE V.
 The affairs of this corporation shall be conducted by Board of ten direct ors, elected annually by, and from among, the stockholders, but the mum Der of directors may be increased by vote of the directors, and in the event of sucs increase occurring then such additional membership shall be filled by the Board The first annual meeting of stockholders for this purpose and for the transaction of such other business as may properly come before them, shall be held on the lst Wednesday of February of the year 1908, and such annual meeting shall thereafter be held on the same day in each succeeding year.
 The officers of this corporation shall consist of President, Vice President, a Secretary and Treasurer, though the last two offices may be held by one person. The following named persons shall constitute the Board of Directors until their successors are elected:
 G. R. Westfeldt, New Orleans, La
 Waller Bennett, Richmond, Ky.
 Lewis D. Aylett, Richmond, Va.
 Thos. Armstrong, Richmond, Va.
 Frank P. Ryan, Richmond, Va.
 John w. Massie, Richmond, Va.
 Julius A. Hobson, Richmond, Va.
 James W. Graves, Richmond, Va.
 George J. Stoneman, Globe, Arizona. !. N. Porter, Globe, Arizona.
 Thereafter the Board of Directors shall be elected by the stockholders at their annual meetings, and the follow. ing named persons are hereby made and constituted the officers of this corpora ton until their successors are elected, to wit:
 James W. Graves, President, Rich mond, Va.
 Julius A. Hobsou, Vice President, Richmond, Va.
 Thos. Armstrong Secretary & Treas urer, Richmond, Va.
 The Board of Directors shall have power to fill all vacancies in such Board or officers of the Company, caused by resignation or otherwise, and until their successors are elected and qualified such Board and such officers are hereby giv- en the power and authority to do and perform any and all duties usually con neeted with like offices, which powers and duties, while so acting as officers and directors of this corporation, shall include the adoption of corporate seal and the afiiXing thereof to any stock certificates or other instruments of writing which may be issued or exc cuted by them under the powers herein conferred, as well as the adoption of all necessary Bylaws for internal con. duet and management of the affairs of this corporation.
 Meetings of the Board of Directors may be held at such times and places as may be designated by the Bylaws or by Resolution of the Board of Di- rectOrs. The Bylaws may prescribe the number of directors necessary to constitute a quorum of the Board of Directors, which number may be less than a majority of the whole number of directors.
 The Board of Directors may appoint an Executive Committee, of which majority shall constitute quorum, which Committee shall have and may exercise all or any of the powers of the Board of Directors, including power to cause the seal of the corporation to be affixed to all papers that may re quire it.
 ARTICLE VI.
 The highest amount of indebtedness or liability to which the corporation shall at any time subject itself shall be and is hereby fixed at the sum of $l,000,0 ,000.00.
 ARTICLE VII
 The private property of the stock holders and directors of this corporation shall be exempt from liability for the payment of corporate debts of any amount whatsoever.
 IN WITNESS WHEREOF, the Incor poratOrs have hereunto set their hands this 26th day of February, 1907.
 JULIUS A. ROBSON L.S.)
 JAMES w. GRAVES L.S.)
 LEWIS D. AYLETT (L.S.)
 THOS. ARMSTRONG (L.S.)
 FRANK P. RYAN (L.S.)
 JOHN W. MASSIE (L.S.)
 N IT MERGER ISN