Bisbee daily review., 1908-02-25


 (c) To borrow or raise money for the purpose of this corporation; to issue its bonds, notes or other obli- gations for money so borrowed, or in payment of or in exchange for any real or personal property, or rights or acquired, or other value received by the corporation, and to secure such obligations by pledge or mortgage under deed of trust or otn. orwise, of or upon the whole or any part of the property at any time held by the corporation. and to sell or pledge such bonds or discount such notes or other obligations for it's proper corporate purposes.
 V.
 The authorized amount of capital stock of this corporation shall be Eight Hundred Thousand DoIIars CSSOO, ,O00.) divided into eight thou sand (S000) shares of the par value of One Hundred Dollars (S100) each, and said capital stock is to be paid in on or before July 1, 1908. The Board of Directors may cause said capital stock, or any part thereof, to be subscribed or paid for in cash, in purchase or exchange or transfer Of real or personal property, or for ser vices rendered, and shall have power to issue, or cause to be issued, any part of the. capita7 stock as required at any time or from time to time, and when so issued it shall be fully paid and non -assessable, and in the absence of fraud in any transaction the judgment of the Board of Direct ors as to value of the property pur- chased or transferred or exchanged, or services rendered, shall be con elusive. Shares of stock may be voted by proxy at all stockholders meetings.
 VI.
 The time of the commencement of this corporation shall be the date of the filing of a certified copy of the Articles of Incorporation in the office of the Territorial Auditor of Arizona, and the termination thereof shall be twenty-five i25) years thereafter.
 VII.
 The affairs of this corporation shall be conducted by a board of five di- rectors who shall be elected annually by the incorporators at their first meeting and thereafter by the stock holders at each succeeding annual stockholders meeting. ...
 VIII.
 The annual meeting of the stock holders shall be held on the third Tuesday in January of each year. Any meeting oE the stockholders may be held either in the City of Bisbee, Territory of Arizona, or in the City of Grand Rapids, Michigan.
 Tx.
 The highest amount of indebted ness or liability, direct or contingent to which this corporation is at any time subject shall be Five Hundred Thirty Three Thousand Dollars (s533, ,G00)
 The private property of the stock, holders of this corporation shall be exempt from liability for corporate debts of any kind whatever.
 IN WITNESS WHEREOF, we nave hereunto set our hands and seals this 31st day of January, 1908.
 FORRIS D. STEVENS, O. S)
 HARVEY E. CLAY, D. S.)
 J. PALMER McVEAN. L. S)
 State of Michigan, County of Kent. ss.
 On this 31st day of January, 1908, before me, notary public in and for the county and state aforesaid, residing therein duly commissioned and sworn, personally appeared For ris D. Stevens, Harvey E. Clay and J. Palmer McVean, known to me to be the persons described in and whose names are subscribed to the foregoing instrument, and they ac- knowledged to me that they executed the same for the purpose and consid- eration therein expressed.
 IN WITNESS WHEREOF, have hereunto set my hand and affixed my official seal at my office in the said state and county the day and year last above written.
 KATHERINE E. SHANAHAN, Notary Public, Kent County, Michi- gan.
 My commission expires Jan. 12, 1911.
 State of Michigan, County of Kent, ss.
 l, Ralph A. Mosher. Clerk of the County of Kent, (and also Clerk f the Circuit Court, the same being a court of record of the aforesaid coun ty, having by law seaD do hereby certify that Katherinc. E. Shanahan, whose name is subscribed to the at tached certificate of acknowledgment proof or affidavit, was at the time oI taking said acknowledgement. proof or affidavit, a Notary Public duly commissioned and sworn and resid- ing in said County, and was, as suci an officer of said State; duly author ized by tae laws thereof to take and certify the same as well as to take and certify the proof and aelmowl , cdgement of deeds and other instru ments in writing to be recorded in said State, and that full faith and credit are and ought to be given sa his official acts; and further certifI that I am well acquainted with his handwriting and verify believe that the signature to the attached certif icate is his gefuine signature. IN WITNESS WHEREOF, have hereunto set my aand and affixed m. official seal this 31st day of January A. D. One Thousand Nine Hundred | fSeaI} RALPH A KOSHER,