Daily Arizona silver belt., 1908-05-22
LEGAL ADvERrrsEMENrs

;ary to the proper conduct of the bus ness 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 ".
 The authorized amount of capital stock shall be Three Million Dollas ($3,000, ,000.00), divided into Six Hundred Thousand (600,00O) 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 it's 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 on-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 tho date of the filing in the office of the County Re- corder of Gila County, Arizona, of a certified copy of these Articles of h. corporation; and the date of termina- tion shall be twenty-five (25) years thereafter. ,
 ARTICLE VI.
 The affairs of this corporation shall be conducted by 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 the right to elect as directors such other persons as they may decm best; but the total number of such persons so elected. together with the persons herein named as directors, shall not exceed nine:
 CHAS. Nj. CLARK.............Director R. c. FOX...............-..........D Director A. c. SMITH Director CHAS. T. Director P. P. GREER. Director The election of further directors, and of the following officers of the corpora tion, President, Vice president, Secre- tary, Assistant Secretary, and Treas urcr, may take placo 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- flied.
 At the first regular meeting of the 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 their successors are properly elected and qualified: A President, Viee-pres. ident, Secretary and Treasurer, and such minor officers as the Board may deem it wise and expedient to have. The office of Secretary and Treasurer may, at the discretion of the Board of Directors be held by one person.
 ARTICLE VII.
 Tho highest amount of indebtedness or liability to which this corporation shall at any time subject itself shah be One Hundred Thousand Dollars ($l00,- 00o.00).
 ARTICLE VIII.
 The private property of shareholders in this corporation shall be at all times exempt from corporate debts of what soever nature.
 ARTICLE TX.
 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, (Sear
 P. P. GREER, (SeaD
 CHAS. T. MARTIN, (Seal)
 B. c. FOX, (SeaD
 CHAS. M. CLARK, (SeaD