Daily Arizona silver belt., 1907-01-26

satd corporation are 70 DC con0ucteu 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 by.laws of said company
 There shall also be President, q 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 sueI times and for such terms as the bylaw, may prescribe.
 The Directors shall hold office fol one year from the time of their election and until their successors shall hay, been elected and qualified. Vacancies in the Board of Direct tor shall be filled by appointment, as tn. bylaws may provide, and any pcrsor so appointed to fill any vacancy in thu Board of Directors shall hold office un til the next annual election and unti his successor shall have been elected and qualified. No person shall be , Director who shall not be at the time oi his election or appointment holder o one or more shares of the capital stocI of this corporation.
 All elections of directors shall be b, ballot and everystoekho shall hav' the right to vote, in person or by proxy the number of shares standing in hi name on the books of said corporation for any and all persons as directors t, be elected in such manner as is provide, by the bylaws of this corporation.
 The affairs of this corporation are [, be conducted by Board of Director composed of J. D. coplen. s. l.. Gib son, L. R. Seholl. ]. G. Britt and w. H Mercer, who shall hold office until tn annual election to be held on the sec ond Tuesday of January, 1908, an, until their successors are elected an. qualified.
 Said above named persons herein ap pointed are not ineligible as such be cause of not holding any shares of tn capital stock of said company at tn time of their appointment as such di reetors, but each of said directors s appointed shall become the owner o one or more shares of said capital stoel within sivty days from the date of thes articles, or in default thereof shall ceas to be a director whenever after sai, period of sixty days, his default con tinuing, the Board of Directors shal declare his place vacant for such de fault.
 The officers of this corporation shal be as follows:
 J. D. COPLEN, President;
 s. L. GIBSON, Vice President;
 l.. R. SCROLL. Secretary and Treas urcr;
 who shall hold office until their sue eessors shall have been elected an, qualified.
 The Board of Directors shall have tn power and authority to do and perforr any and all duties usually connecte' with like offices, which powers and du ties, while so acting as officers and di rectors ef this corporation, shall inclad the adoption of corporate seal, upol which shall be inscribed the words fol lowing: THE GLOBE ARIZONA TEL EPHONE COMPANY, and the affixin thereof to any stock certificates O instruments of writing. which may b issued Cr executed by them under tn powers herein conferred, as we'll as tn adoption of all necessary bylaws fo the internal conduct and management o the affairs of this corporation; provided that DO Director performing any dut, as a director of this corporation shal 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 sai, company is at any time to subject it self or be subjected shall not excee. Twenty-Five Thousand Dollars. VII The private property of the member of this corporation and the stockholder thereof, shall Do exempt from liabilit, for corporate debts.
 In Witness Whereof, We have here unto set our hands this 9th day of Jan uary, A. D. 1907.
 I. D. COPLEN,
 s. l.. GIBSON, l.. R. SCHOLL, JOHN C. BRITT, w H. MERGER. ---------
 TERRITORY OF ARIZONA, County of Cila.--ss. n