Holbrook argus. (Holbrook, Ariz.) 1900-1913, 1907-06-11
rectors.
Article "

Article "
The objects and purposes for which
this corporation is organized are the
purchase, breeding, raising, and sale of
cattle, and to accomplish such objects
the corporation may purchase, acquire,
hold, sell and dispose of any property
real or personal which may be deemed
necessary, convenient, proper or desire
able by the board of directors.
ArticleV
The capital stock of this corporation
shall be twenty thousand I$20,000) dol
lars divided into two hundred (200)
shares of the par value of one hundred
dollars each. Said stock to be divided
into two classes as follows: one humid
red shares of common stock, and one
hundred shares Of preferred stock The
preferred stock shall be preferred over
the common stock III the payment of
dividends and no dividend shall be
paid on any of the common stock until
the dividends on all the preferred
stock outstanding shall have been paid.
The preferred stock herein provided
for shall have no voting power. The
capital stock of this corporation shall
be paid for at the date of issuance, or
at such time as the board of directors
may designate, in money, property or
any other right or thing, and the judg-
ment of the board of directors as to the
value thereof shall be conclusive, and
final.
Article VI
Dividends may be declared annually
by the board of directors of this cor
: poration, and must be declared at such
, time as the market value of the prop
erty owned by the corporation shall
amount to forty per centum in excess
= of the par value of the capital stock.
The stock of this corporation shall be
worcestershire for any purpose whsrso-
ever.
Article VII
The time of the commencement O
this corporation shall be the date of
the filing of these articles of incorpor-
4: alton for record in the office of the
=. County Recorder of Navajo County
Territory of Arizona, and shall termi-
nate at the end of twenty years from
! that date, unless otherwise sooner dis
solved.
+ Article VIII
e The affairs of this corporation shall
s he managed by board of directors of
II three persons to be elected on the first
n Monday in January of each year and
s the following persons shall constitute
sre elected on the first. Monday in Jan
= nary, A. D. 1908: w. H. paum, w. J.
Dean and W. A. Saunders.
4 Article TX
= The officers of this corporation shall
a be President and Manager, a Secre-
q tary and Treasurer, who shall hold
8 office for a term of two years, to be
q elected biennially on the first Monday
81 in January commencing A. D. 1905
= The following persons shall be the Off
q GERS of this corporation until their
i successors are elected:
W. H. Daum, President and Manager;
& w. j. Dean, Secretary and Treasurer
Article X
s The highest amount of Indebtedness
or liability to which this corporation
81 shall at any time subject itself shall be
81 ten per centum of its capitol stock
d Article XI
The private property of the stock
holders of this corporation shall be ex-
: empt from corporate debts of any kind
whatever
In witness whereof we have hereun-
q is set our hands and seals this eighth
q day of April, A. d. 1907
s w. H. Daum TSeall
: w. j. Dean Seal
w. A. Saunders Seal