The copper era., 1908-07-02

and selllive stock and farming implements Of
all kinds; to own and operate, general merchant
disc stores and to do any and all things and
trausact any and ell buAiness appurtenant or
anHiliary 20 any of the above purposes in the
Territory of Arizona or elsewhere.
3. The amount of the capital stock of this
corporation shall be One Hundred Thousand
Dollars (SlOO,U0OOol divided into One Hundred
Thousand C0O,0OC) shares of the par value of
One Dollar 81 UeJ per share to be sold and is
sued to Subscribers and others Under direction
of the Board of Directors, for such price as
said Board may TX, aud when SO issued shalt
BE deemed fully paid and worcestershire.
4. The business Of this CORPORATION shall be
eondtcted b$ Board of Directors consisting
of eleven stockholders who shall be elected an
nually by the stockholders on the first Monday
in August of each year, said election TO be held
at the principal place of business named in
these Articles, notice of the time and place of
such meeting to be given in such manner as
the Bylaws of this corporation shall desig-
nate, provided that the number of persons con-
stitutug said Board may be changed by mas
jority vote of the stockholders at any ahntal
NEE ting Said Directors shall hold their office
for the term of one year from the date of theft
election and until their successors shall have
been elected and qualified fine following
|
tai stock of this corporation shall constitute its
Board of Directors Until the first Monday in
August, 1905. and until their Successors shall
have been elected and qualified. viz:
c. o. BillingsIey, c. y. Catlin, W. Summers,
j. T. Holman. Thos. Simpson, Harry White,
Frank I. Hagerty. r. R. Ball, X. Webster,
F. o. Bacon J. a. Billingsley.
Vacancies on the Board shall he filled by the
remaining members who shall elect persons to
serve during the unexpired term. A majority
of the members of such Board shall constitute
| 4 quorum and any regularly called meeting at
which "A quorum is present shall be deemed a
legal meeting and shall have the same author
| ity full board.
5. The officers of this corporation shall con-
sist of President vice-President, Secretary
and Treasurer and Manager and such other
officers as the Board of Directors may deem
necessary TO conduct the business of the cor
pOration. All officers shall be elected annually
by the Board of Directors and shall serve one
year and until their successors shall have been
elected and qualified. The following named
persons shall constitute the officers of this cor
porition until the first annual meeting of the
Directors which shall be held on the first Mon
day III August, 1908, VIZ:
G. o. Billiugsley President; r. r. Webster,
Vice President; c. N Catln, Secretary aud
Treasurer, and Frank T. Hagerty, Manager.
t. The highest amount of indebtedness TO
which this corporation may subject itself is
Twenty Thousand Dollars (S20.OOO.OO)
:. The Stockholders of this corporation aud
Il cir private property shall be exempt from all
liability account of the debts of this corpora
ton.
s. The Board OF Directors of this corporation
| shall have power 10 establish bylaws and to
make all meedful rules aud regulations for the
management of the affairs of the corporation
and the government of its officers and for the
sale, distribution and division of water and to
determine the quantity of water to which the
owner of each share of its capital stock shall be
entitled, not Inconsistent with the Constitutions
and laws of the United States and the Territory
of Arizona.
In Witness Whereof have hereuuto set
our hands and seals this 18th day of May, 1908.