Daily Arizona silver belt., 1908-05-21
houses, hotels or restaurants.
 ARTICLE w.


 ARTICLE ".
 The authorized amount of capital stock shall be Three Million Dollars ts3,OOO.O0O.00), divided into Six Hundred Thousand (600,000) shares of the par value of Five Dollars (s5.00) per share. At such time as the Board of Directors shall direct, said capital stock shall be paid in, either in cash or by the sale and transfer of real or per sonal property or the assignment of contracts therefor to the said corpor- ation for its uses and purposes, in pay ment for which capital stock may be issued and the stock so issued shall -hereupon and thereby become and be fully paid and non-assessable; and the judgment of the Directors as to the value of such property or contracts shall be conclusive.
 ARTICLE V.
 The time of the commencement of this corporation shall be the date of The filing in the office of the County Re. order of Gila County, Arizona, of 3 certified copy of these Articles of In. ,orporation; and the date of termina. ton shall be twenty-five (25) years thereafter.
 ARTICLE VI.
 The affairs of this corporation shall be conducted by a board of not less than five nor more than nine Directors majority of whom shall decide al matters pertaining to the business of this corporation. The following named persons shall constitute such board with the right to elect as directors sucl other persons as they may deem best; but the total number of such persons 80 elected. together with the persons herein named as directors, shall mol ! exceed nine:
 CHAS. NJ. CLARK........-D Director
 B. c. FOX...................D Director
 A. c. SMITH-................... Director
 CHAS. T. MARTIN...D Director
 F. P. GREER....................D Director The election of further directors, ant lof the following officers of the corpora tion, President. Yice-president, Secre tary, Assistant Secretary, and a Treas urer, may take place at any regular meeting of the Board of Directors al above named; and thereafter the BoarC of Directors shall be elected iron among the stockholders, at the regular meeting of the stockholders, on thu third Tuesday of the month of May el each year, and shall serve until thei successors are duly elected and qual flied.
 At the first regular meeting of thu Board of Directors after such annua election the said Board shall elect iron among themselves the following officer of the corporation, who shall serve unti their successors are properly electe, and qualified: A President, Vice-pres ident, Secretary and Treasurer, ant such minor officers as the Board ma, deem it wise and .expedient to have The office of Secretary and Treasure may, at the discretion of the Board O. Directors be held by one person. ARTICLE VII.
 The highest amount of indebtedness or liability to which this corporation shall at any time subject itself shall b One Hundred Thousand Dollars ($l00 oooo0).
 ARTICLE vIII
 The private property of shareholder in this corporation shall be at all time exempt from corporate debts of what soever nature.
 ARTICLE TX.
 The Board of Directors shall adop bylaws for this corporation, which ma. be altered, repealed, or amended b. said Board
 IN WITNESS WHEREOF we hay hereunto set our hands and affixed ou seals this fifteenth day of May, 1908.
 A. q. SMITH, (Seal) | P. P. GREER, (Sea) f t CHAS. T. MARTIN, (Seal)