Daily Arizona silver belt., 1909-10-12
LEGAL ADVERTISEMENTS

liquidation of the corporation, the hold. CTS of the preferred stock shall be on titled to be paid in full before any thing shall be paid to the holders of common stock.
 (f) The sole right to vote at stock holders meetings shall be vested in the common stock, and the holders of pre- ferred stock, as such stockholders, shall | have no right to vote at any stoekhold CTS meeting.
 ARTICLE ".
 The time of the commencement of the corporation shall be when a copy | of these Articles, certified by the Coun- ty Recorder of Gila county, Arizona, as required by law, shall be filed for rec Auditor of Arizona, and the time of its termination shall be twenty-five years thereafter.
 ARTICLE V. (a) The affairs of the corporation shall be conducted by Board of three Directors. Said Directors shall be elect. ed by the holders of the common stock at their first annual meeting, to be held at the general office of the corporation, at Globe, Arizona, or at any other place
 in said territory designated by the
 Board of Directors as the place for
 holding such meeting, on the first Mon
 day of March, 1910 and on the first
 Monday of March of each year thereaf-
 teer. They shall hold office for one year
 and until their successors are elected
 and qualified. Until the first annual
 meeting of the stockholders, the Board
 of Directors shall be Wm. Witt and
 James Moore, of Globe, Arizona and l..
 l.. Hayden of Bisbee, Arizona, who shall
 hold office until the first annual meet ing of the stockholders and until their
 successors are elected and qualified. CD As soon as convenient after said certified copy of these Articles has been filed for record with the Territor r ial Auditor of Arizona, the Board of Directors shall meet at Room 24 of the l Trust Building in Globe, Arizona, and 1. of the holding of such meeting no notice . need be given to the Directors. At said meeting said Directors shall or ganize the corporation, adopt bylaws, elect officers and provide for the issu- ance of and subscription to capital stock or any part thereof, and shall , transact any other business that may l come before the meeting.
 8 Co The bylaws adopted at said first :, meeting of the Directors may be amend | cd or repealed by said Directors in ! accordance with the provisions of said | bylaws; and the holders of the com. {, mon stock may amend or repeal the by r laws or adopt new or additional by. F. laws at any annual meeting or at any F special meeting of the holders of the | common stock called for that purpose (d) The authorization or ratification r. of the holders of majority of the e outstanding common stock of the cor | poration shall be sufficient for the con l. veyanee or transfer of the entire as l. sets of the corporation.
 ,- (e) Every Director shall be holder e of or subscriber to common stock oi O the corporation, and if Director shal ?. cease to be holder of or subscriber tC s, common stock his office shall thereupor d become vacant.
 V () The officers of the corporation B. shah be a President, Vice-president, { r. Secretary, and Treasurer. The off r, ces of Secretary and Treasurer may, il s. the discretion of the Board of Direct y ors, be held by one person. The off ,s cers of the corporation shall be elected s. by the Board of Directors, and tn B. President and Vice-president shall b k elected from their own number. p (g) Vacancies in the Board of Di m rectors or in the officers of the corpo -e ration shall be filed for the unexpire' |; portion of the term by election by tn y Board of Directors.
 y ARTICLE VI.
 The highest amount of indebtedness
 or liability to which the corporation may subject itself at any time shal
 be the sum of $1O0,0O0.O0.
 ARTICLE VII. The holders of the capital stock "A whether common or preferred, and thei V private property shall be exempt froI 'i corporate debts and from all liabilit. " therefor.
 2, IN WITNESS WHEREOF, We hay ~ hereunto set our hands and seals thi '. 18th day of July, 1909.
 = (Signed) VIM. WITT, (Seal) 'e L. L. HAYDEN (SeaD