Bisbee daily review., 1908-08-22

aAu OtnSFNtsS convey AID dispose o
any and all OF the lands and other
property rights and privileges OF said
corporation both real and persoBaI
and generally to do all business, acts
and things incident to the things
aforesaid not contrary TO the laws o.
the Territory of Arizona.
ARTICLE ".
Tde amount OF the capital stock OF
this corporation shall be One Hun
dred thousand ($100,000) Dollars,
divided into one thousand 1,Ge0)
shares of the par value of One Hun,
dred ($100.00) Dollars each: the time
when and conditions upon which said
capital stock shall be issued and paid
for shall be as authorized and fixed
by the Board of Directors; said CAPT
tai stock to be issued ony as fully
paid and worcestershire, and in the
discretion of the Board of Directors
and in the absence of actual fraud
said capI.a, stock may be issued IS
fully paid, in exchange for property
both real and personal, and for differ
ent classes and kinds of business and
the good will thereof, conveyed or
transferred TO this corporation.
ARTICLE V.
The existence Of this corporation
shall begin immediately after the re-
cording of these articles of incorpora-
ton in the office of the County Re-
corder of said Cochise County. Arizona,
and the filing Of certified copy there
of in the Office of the Territorial Aud
itor of said Territory. and shall con-
time for period OF twenty-five Us
years thereafter.
ARTICLE VI.
The affairs and business of this cor
loration shall be conducted by a
Board of Directors consisting of six
persons who shall be shareholders of
the stock Of this corporation. The
first Directors of this corporation shall
be w. E. Harrison, Charles Prahl, L.
A. Toyrea, August Johnson, George
Buxton and ]. c. Lanham, who shall
hold office until the election and quail
if1cation Of their successors, who shall
be elected at the first annual meeting
of the stockholders, which annual
meeting shall be held each year on
the First Monday in August at 2
O'Clock p. m. at the Office of this cor
poration in said city of Bisbee.
The Board of Directors shall have
power to fill any vacancy occurring
in their number at any time.
The officers of this corporation shall
be a President Vice President. Secre-
tary and Treasures and such other mi
nor officers as the Board of Directors
may from time to time deem it ad-
visable to have.
More than one of said above men
toned officers may be held by one ana
the same person.
ARTICLE yII.
The President, Vice President, Sec
rotary and Treasurer for the first
term and until their successors are
elected and qualified shall be elected
by the above named Board OF Direst-
ors, from their number, at their first
after the legal organization
of this corporation and thereafter such
officers shall be elected annually by
the Board of Directors from their own
at their first meeting follow
ing the annual election Of such
Board.
ARTICLE VIII.
The highest amount of indebtedness
or liability to which this corporation
is at any time to be subject shall not
exceed the sum of Sixty-six Thousand
S66. 000) Dollars.
ARTICLE TX.
The Board of Directors shall adopt
Bylaws for this corporation which
may be repealed Or amended by said
Board at any meeting of said Board
1r by a two-thirds vote of the stock
It regular stockholders meeting.
ARTICLE X.
The private property Of the stock
holders and officers of this corpora
ion shall be exempt from all liability
or the corporate debts Of this cor
)oration.
IN WITNESS WHEREOF, we have
lereunto set our hands and seals this
L0ta day of August, 1908.
e. A. TOYREA,
CHAS. H. PRAHL,
.,'- ]. C. LANHAM,
w. E. HARRISON,
GEORGE BUXTON,
AUG JOHNSON.