Bisbee daily review., 1908-08-21

4
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 CAPITA, 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 tae filing of certified copy there
of in the Office of the Territorial Aud
itor of said Territory, and shall con-
tinue for a period of twenty-five t25-
years thereafter.
ARTICLE vi.
The affairs and business of this cor
poration 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, E.
A. Toyrea, August Johnson, George
Buxton and j. c. Lanham, who shall
hold office until the election and quail
ification 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 President, Vice President. Secre-
tary and Treasures and such other MI
nor officers as the Board of Directors
visable to have.
toned officers may be held by one ana
the same person.
ARTICLE VII.
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
meeting after the legal organization
of this corporation and thereafter such
officers shall be elected annually by
the Board of Directors from their own
number 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
(S66.0O0) 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may be repealed or amended by said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
or by a two-thirds vote of the stock
at a regular stockholders meeting.
ARTICLE x.
The private property of the stock
holders and officers of this corpora
ton shall be exempt from all liability
for the corporate debts of this cor
poratioD,
IN WITNESS WHEREOF, We have
hereuntO set our hands and seals this
10th day of August, 1908.
E. A. TOVREA,
gCHAS. H. PRAHL,
]. c. LANHAM,
w. E. HARRISON,
GEORGE BUXTON,
AUG JOHNSON.
Territory of Arizona,)
)ss.
County of Cochise. }
Before me, E. G. Stricken; a Notary
Public in and for the County Of Co
chise, Territory of Arizona, on this,
10th day of August, 1908. personally
appeared w. E. Harrison, Charles
Prahl, E. A. Tovrea, August Johnson,
George Buxton and ]. c. Lanham,
known to me to be the persons whose
names are subscribed to the foregoing
instrument and each acknowledges 10
me that ne executed the same for the
purpose and consideration therein
expressed.
Given under my hand and seal this.
10th day of August, 1908.
CSEAI) E. S. STRICKLER.
Notary Public Cochise County,
Territory of Arizona.
My commission expires May eth,
lslo-