Bisbee daily review., 1908-12-24

cost of constructing and equipping the said railrosd, together with the cost of right-of.way, motive power and every other appurtenanceI and thing for the completion and run ming of said road, as nearly as can be estimated by competent engineers, which sum shall be paid in from time to time as the corporation, by ths action of its Board of Directors, shall require.
 ARTICLE VI.
 That the name and number of di- rectOrs to manage the affairs of this corporation, who shall hold their of fees until others are elected as shall be provided by the bylaws of this corporation, or by resolution of it's Board of Directors, shall be five (5), and their names are as follows, to-wit:
 Walter Douglas, Bisbee, Arizona.
 F.. E. Ellinwood, Bisbee, Arizona.
 NJ. J. Cunningham, Bisbee- Arizona.
 M. J. Brophy, Bisbee, Arizona.
 John Boler, Bisbee. Arizona.
 ARTICLE VII
 The place from and to which the proposed road is to be constructed. and the County into and through which it is intended to pass, and its length, as nearly as may be set forth, are as follows, towit:
 Beginning at a point at or near the City of Douglas, in the County Of Co chise. Territory of Arizona, upon the railroad of the Fl Paso x SouthYCst- ern Railroad Company, thence in a northerly direction in Sulphur Strings NA said County and Territory, distance of about thirty five (35) niles, more or less, With such braIces and sptsss as may be tieeHFd necessary: with power and authority to extend such line to any other point or points in said Territory. and to build to and from the same such branch lines ana spurs as said company may decide.
 ARTICLE VIit.
 The purpose for which this corpor' atiOn is formed and the general na ture of the business proposed to be transacted is to construct, equip, own operate and maintain a line of rail road, telegraph and telephone lines in the County of Cochise, Territory oi Arizona, and also to construct, own
  structures, machinery and apparatus as may be deemed necessary and con Vcnient for operating said railroad telegraph and @ telephone line; tC cause such examinations and survey! to be made as may be necessary fol selecting the most suitable route fol said railroad. telegraph and telephone l line, and, for that purpose. by it's oi ! flccrs and agents. to enter upon tn l lands and waters of the Territory. ARTICLE TX. [ This corporation shall have tn' power to acquire. by purchase or oth l erwise, real and personal property i and shall have the power to nor 2 its real and personal pI cperty, aitd is ! sue bonds hereunder. ...r dc al things permissible by ,r nnGCr ".-. laws under which this company Is = corporated.
 ARTICLE '.
 The highest amount of indebtedness or liability 10 which this corporation snail at any time subject itself shal not exceed the amount of its capita stock.
 ARTICLE xI.
 The stockholders of this corpOratio shall be liable only for the par valu of the stock subscribed for by then and they. and their private property shall be exempt from all liability fo the debts of the corporation.
 ARTICLE XII.
 The directors snail have the pOwe to make bylaws for governing tn business and affairs of this corpori tiOn-
 ARTICLE XII.
 | The affairs of this corporation sha be conducted by a President, Flc' President, Secretary, and Treasurei acting in accordance with their r' | spectiye duties as the same shall b more particularly defined in the b. laws of the corporation. Said officer shall be elected at the annual nee ing of the Board of Directors of tn +corpoTation to be held on the secon
 Monday in November, of each yea g during the existence of this corpor it'0n: except, however, that the dire | tors shall have the right, by a m , ioritv vote, to elect officers of tf ; corporation who snail conduct it's a
 rgirs from the time(of the eompletio T of it's organization until the first a s nual meeting as hereinbefore pr : yided for.
 IN WITNESS WHEREOF, the sa
 subscribers to said stock of said pr ;. posed railroad company, have ner
 unto set their names, places ofsRc: - dence. and the number Of shares p stock in said corporation taisen aI ]. subscribed for bv each of them sa : orally, this Fist day oi Decain3e ? 1908. in the City of Bisbee, County ? Cochise. Territory of ArriZona. 1, Name of subscriber, residence, \ 2 of shares, amount:
 I Walter Douglas, Bisbee, Arizon shares 1896. amount $499, 0000- E. E. Ellinwood Bisbec, Arizon f shares 1, amount $1O0.0O. r NJ. J. Cunningham, Bishee Arizon ,, shares 1, amount $100.00. q NJ. J. Brophy, Bisbee,N Arizon lssares. 1, amour $100.00.
 John BoIer, 8isbeel Ariiona shar Q |. amount y1e0 %.
 n Territcry of Arizona, County of (
 cliise. 6
 Before me, W. K. Flora, Nota q Public in and for the County of { e ohise, Territory of Arizona. on u Y day personally appeared Walter Dol n las. E. E EQlinWood, M. J. CunniI $ han. NJ. J. Brophy and John Bol a personally known to me to be t d persons named in and who execut lthe foregoing preliminary papers, a i Articles of Association, as subscribe B. thereto: and having made known z- them the contents thereof, they, a i, leach of them. severaIly acknowledg