Daily Arizona silver belt., 1908-05-23
LEGAL ADVERTISEMENTS

SAry 70 tne proper cOnuucJ oI tne Dub- mess of the corporation.
 (b) To own and conduct stores for the sale of merchandise of whatever nature; to own and conduct boarding houses, hotels or restaurants.
 ARTICLE ".
 Tho authorized amount of capital stock shall be Three Million Doila% ($3,0oo,Ooo.oo), divided into Six Hundred Thousand (600,000) shares of the par value of Five Dollars ($5.00) 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 thereupon 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.
 Tho time of the commencement of this corporation shall be the date of the filing in the office of tho County Re. corder of Gila County, Arizona, of a certified copy of these Articles of In corporation; and the date of termina. tion shall be twenty-five (25) years thereafter. | ARTICLE VT. 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 all matters pertaining to the business of this corporation. The following named persons shall constitute such board with tho right to elect as directors such other persons as they may deem best but tho total number of such persons so elected, together with tho persons herein named as directors, shall no, exceed nine:
 CUAS. M. CLARK-............ Director B. q. FOX.....................-...- Director A. c. SMITH. Director
 CHAS. T. MARTIN.........D Director i r. F. GREER.........-...........-. Director
 The election of further directors, and of the following officers of tho corpora ton, President, vicepresident, Seere tary, Assistant Secretary, and Treas urcr, may take place tt any regular meeting of the Board of Directors Q, above named; and thereafter the Board of Directors shall be elected from among the stockholders, at the regular meeting of tho stockholders, on ths third Tuesday of the month of May oi each year, and shall serve until theil successors arc duly elected and qual flied.
 At the first regular meeting of tho ' Board of Directors after such annual election the said Board shall elect from among themselves the following officer of the corporation, who shall serve unti their successors are properly elected and qualified: President, Viee-pres idcnt, Secretary and Treasurer, ant such minor officers as the Board may deem it wise and expedient to have The office of Secretary and Treasures 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, ooe.O0).
 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 wo hav' hercunto set our hands and affixed ouI seals this fifteenth day of May, 1908.
 A. e. SMITH, (Beal)
 P. P. GREER, (Seal)
 CHAS. T. MARTIN, [Seal)
 B. G. FOX, (Seal)
 CHAS. M. CLARK, (Sea)