Daily Arizona silver belt., 1908-12-08
LEGAL ADVERTISEMENTS


 to this corporation of property or rights in property of any description which said corporation is hereby authoized to acquire, own and deal in, and each certificate of stock shall state upon it's face the number of shares represented thereby and that the same is fully paid and non.assessable.
 ARTICLE ". The time of the commencement of this corporation shall be the date of the filing of certified copy of these articles of incorporation in the office Of the Territorial Auditor of the Ter. ritory of Arizona, and the period for which it is organized and the termina- tion thereof shall be twenty-five (25) years after the date of said filing, un- less the same be renewed pursuant to the laws of Arizona before termination thereof.
 ARTICLE V.
 The highest amount of indebtedness or liability to which this corporation shall at any time subject itself shall be the sum of Two Hundred and Fifty Thousand ($250,000) Dollars.
 ARTICLE VI.
 The affairs of this corporation shall be conducted and managed by board of three, and not more than five (5) directors, who shall be stockholders in the corporation, and in said board shall be vested the corporate power of the corporation. The names of the persons who are appointed to serve as directors of this corporation until the annual election of directors, and until their succes are duly elected and qualify. are as follows: w. H. Mercer. Globe. Arizona; Philip Contzen, Tucson, Ari- zona; James R. Dunseath, Tucson, Ari zona. The directors of this corporation shall hereafter be elected by the stock holders at the annual meeting which shall be held on the third Monday in January of each year at two o'clock P. NJ.
 ARTICLE VII.
 The officers of this corporation shall be President, Vice President, General Manager, Secretary and Treasurer, and such other officers and agents as the Board of Directors shall deem neces- cary and may be created from time to time for the proper transaction of it's business; that until the first annual election of officers and until their sue. cessors are duly elected and qualified the following named persons shall con stitute the officers: w. H. Mercer. President; Philip Contzen, Vice Presi. dent and General Manager; James R. Dunseath, Secretary and Treasurer.
 (a) Two or more of the offices of this corporation may be held by one person in the discretion of the Board.
 ARTICLE VIII.
 The officers and directors of rhis cor poration shall hold office for the term of one year from their election, and until their successors are duly elected and qualify. Should a director cease to be a stockholder his office shall be declared vacant and such vacancy shall be filled for the unexpired term of the board of directors, which said board of directors shall have the power to fill said vacancy or any other vacancy in the board of directors of said corpora tion.
 ARTICLE K. The private property of the stock holders of this corporation shall be ex- empt from all corporate debts and lia- bilities of every kind, and the stock holders of this corporation are hereby exempted from all liability for any of the debts or liabilities of this corpora tion. ARTICLE X.
 The capital stock of this corporation shall be non-assessable and each eer- tifeate thereof shall state upon its face the number of shares represented there by, and that the same is fully paid and non-assessable.
 ARTICLE XI.
 The board of directors shall have the power to borrow money for any purpose for the corporation and power to exc cute corporate notes or coupon ponds of the corporation therefor; and to se- cure the payment of the same by mort gage on the property of the corporation or in any other manner designated by law or by the bylaws of the corpora tion, and to do and perform all acts necessary in managing and carrying out the affairs and business of the corpora tioD.
 ARTICLE XII
 The board of directors of the corpora tion shall have the power to pass by laws and to make amendments thereto, and the said corporation shall have the power to increase or diminish its eapi- tai stock by a majority vote of the stockholders represented at any regular stockholders meeting or any special meeting of stockholders called for that purpose, and by the filing of the cer- tifcate thereof, and by publishing the same in the same manner as is provid- ed by law for the recording and pub fishing of these articles of incorpora- ton.
 IN WITNESS WHEREOF We have I. l.