Daily Arizona silver belt., 1907-06-11

in part to secure the payment of the same; provided, however that, the highest or total amount of indebtedness to which this corporation shall, at any time, subject itself shall not exceed the sum of Five Hundred Thousand Dollars.
 ARTICLE III.
 The amount of the capital stock of this corporation shall be One Million Dollars, divided into one million shares of the par value of one dollar each; and the time when and the conditions under which the said capital stock shall be issued and paid in, in cash, property, or other valuable consideration, shall be determined and regulated by the Board of Directors.
 ARTICLE ".
 The principal place of business of this corporation shall be in the City of Globe, County of Gila, Territory of Ari. zona; and such other or branch offices as may be deemed necessary or advis- able shall be designated and adopted from time to time as the Board of Di- rectors may determine,
 ARTICLE V.
 The capital stock of this corporation and each and every share of the same shall be and is hereby made for ever non -assessable, and shall be paid for in full when subscription is made therefor.
 ARTICLE VI.
 The time of the commencement of this corporation shall be the date of the filing of these Articles for record in the office of the Recorder of the County of Gila, and certified copy of the same with the Secretary of the Territory of Arizona; and the period of existence of the corporation shall be the term of twenty five years from the date of the said filing.
 ARTICLE VII.
 The affairs of this corporation shall be conducted by a Board of Directors of three (3) persons who shall be stockholders of this company; md majority of said Board shall con 'titute a quorum for the transaction of it's corporate business. The numbers of the Directors who shall manage the | business concerns of the company for he first three (3) months shall be three | whose names and residences are as fol. | ows:
 J. D. Houston, of the City of Globe, County of Gila, Territory of Arizona. R. M. Coffee, of the City of Globe, County of Gila, Territory of Arizona. ?. E. Peltzel, of the City of Globe, County of Gila, Territory of Arizona. md they shal lhold their offices until heir successors are duly elected and qualified. Thereafter. the first annual | meeting of the shareholders shall be leld in the offices of the company in the jity of Globe Arizona on the first Mon lay of February A. D. 1908; and the of the company shall give 'roper notice of the said annual meet ng to each and every stockholder rec rded on tn ebooks of the company at east thirty (3O) days prior to the said rst day of February 1908; and the Board of Directors shall have power at ny intervening time to fill vacancies n their number.
 ARTICLE TX.
 The officers of this corporation shall onsist of a President, Vice President. ecretary and Treasurer, and such minor fficers as the Board of Directors may eem it expedient to have. The Presi, ent, Vice-President, Secretary and Treasurer shall be elected annually by | he Board from their number; and at he first meeting next succeeding the ate of the filing of these Articles; and hereafter at the regular annual meeting f the stockholders as hereinbefore pro ided. The offices of Secretary and 'reasurer may, in the discretion of the 'oard of Directors, be held by the same erson. The Board of Directors shall dopt Bylaws for the government of he corporate proceedings of the com any; and register them in their rec. I'd. After being adopted, they may be
 | ltered, amended, or repealed by ma Drity of the Board of Directors. The Ioard of Directors are hereby given the ower and authority to do and perform ny and all duties pertaining and usu fly connected with such offices; and. included in such duties is the adoption corporate seal; and the said seal lust be affixed to all stock certificates nd all instruments of writing, con racts, or agreements executed or en- cred into by them as officers of this under the powers hereby onferred upon them.
 ARTICLE X.
 The private property of the stockhold rs of this corporation shall be exempt rom any and all liability from the cor crate debts of the company.
 IN WITNESS WHEREOF, we have ereunto set our hands and seals this End day of May 1907
 J. D. HOUSTON (Seal) II
 R. M. COFFEE (Seal)
 GEO. LEE (Seal)
 F. F. PELTZEL (Seal)
 B. r. REYNOLDS (Seal)