Daily Arizona silver belt., 1908-05-24
LEGAL ADVERTISEMENTS

| mess of the corporation. (b) To own and conduct stores fol the sale of merchandise of whatevcl nature; to own and conduct boardin. houses, hotels or restaurants. ARTICLE ".
 The authorized amount of capita stock shall be Three Million Dollars (s3,o0O, ,oo0.OO), divided into Six Hundred Thousand (600,0O0) share, of the par value of Five Dollars (s5.O0) per share. At such time as the Boarc of Directors shall direct, said capita stock shall be paid in, either in cash ol by the sale and transfer of real or per sonal property or the assignment ot contracts therefor to the said corpor ation for its uses and purposes, in pay mcnt for which capital stock may be issued; and the stock so issued shall thereupon and thereby become and be fully paid and n-assessable; and tho 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 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 VI.
 Tho affairs of this corporation shah Do conducted by a board of not less than five nor more than nine Directors, a majority of whom shall decide all matters pertaining to the business of this corporation. The following named persons shall constitute such board, with the right to elect as directors such other persons as they may deem best; but the total number of such persons so elected, together with tho persons herein named as directors, shall not exceed nine:
 CHAS. NJ. CLARK...........Di Director
 B. q. FOX...........................D Director
 A. c. SMITH. Director
 CHAS. T. MARTIN............D Director
 r. P. GREER Director
 The election of further directors, and of the following officers of the corpora tion, President, president, Secre. tary, Assistant Secretary, and Treas urcr, may take place at any regular meeting of the Board of Directors as above named; and thereafter the Board of Directors shall be elected from among the stockholders, at the regular meeting of the stockholders. on the third Tuesday of the month of May of each year, and shall serve until their successors are duly elected and qual fled
 At tho first regular meeting of tho Board of Directors after such annual election the said Board shall elect from among themselves the following officers of the corporation, who shall serve until tbcir successors are properly elected and qualified: A President, yice.pres- ident, Secretary and Treasurer, and such minor officers as tho Board may deem it wise and cxpedient to have. The office of Secretary and Treasurer may, at the discretion of the Board of 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 be One Hundred Thousand Dollars (sl00,- 0ooo0).
 ARTICLE VIII.
 The private property of shareholders in this corporation shall be at all times exempt from corporate debts of what soevcr nature.
 ARTICLE K.
 The Board of Directors shall adopt bylaws for this corporation, which may be altered, repealed, or amended by said Board.
 IN WITNESS WHEREOF We have hereunto set our hands and affixed our seals this fifteenth day of May, 1908.
 A. G. SMITH, (Seal)
 P. P. GREER, (Seal)
 CHAS. T. MARTIN, (Seal)
 B. G. FOX, (Seal)
 CHAs. M. CLARK, (Scal)