Daily Arizona silver belt., 1909-10-13
LEGAL ADVERTISEMENTS

nquluatlon or tne corporation, the nolu- CTS of the preferred stock shall be en- 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 stockhold- CTS meeting.
 ARTICLE ".
 The time of the commencement of the corporation shall be when copy of these Articles, certified by the Coun- ty Recorder of Gila county, Arizona as required by law, shall be filed, for rec ord in the office of the Territorial 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 theii successors are elected and qualified. | (b) As soon as convenient after said certified copy of these Articles has been filed for record with the Territor ial Auditor of Arizona, the Board ot Directors shall meet at Room 24 of tn, Trust Building in Globe, Arizona, and of the holding of such meeting no notice need be given to the Directors. Al said meeting said Directors shall or ganize the corporation, adopt bylaws elect officers and provide for the issu ance of and subscription to capita stock or any part thereof, and shal transact any other business that may come before the meeting.
 (e) The bylaws adopted at said frs meeting of the Directors may be amend ed or repealed by said Directors il accordance with the provisions of saiC bylaws; and the holders of the com mon stock may amend or repeal the by laws or adopt new or additional by laws at any annual meeting or at any special meeting of the holders of tht common stock called for that purpose (d) Tine authorization or ratification of the holders of majority of thu outstanding common stock of the cor poration shall be sufficient for the con veyance or transfer of the entire as sets of the corporation.
 1 (e) Every Director shall be a holde1 of or subscriber to common stock oi the corporation, and if a Director shal cease to be a holder of or subscriber tt common stock his office shall thereupoi become vacant.
 (f) The officers of the corporation shall be President, Vice-president, [ Secretary, and a Treasurer. The off ces of Secretary and Treasurer may, il the discretion of the Board of Direct ors, be held by one person. The off cers of the corporation shall be elected by the Board of Directors, and tn l President and president shall b. elected from their own number.
 (g) Vacancies in the Board of Di rectOrs or in the officers of the corpo ration shall be filed for the unexpire, portion of the term by election by thu Board of Directors.
 ARTICLE VI.
 | The highest amount of indebtedness or liability to which the corporation may subject itself at any time sinai be the sum of $100,00000.
 ARTICLE VII.
 The holders of the capital stock whether common or preferred, and thei private property shall be exempt iron corporate debts and from all liability therefor.
 IN WITNESS WHEREOF, We hay, hereunto set our hands and seals thi' 18th day of July, 1909.
 | (Signed VIM. WITT, (SeaD
 L. L. HAYDEN (Seal) 1 TERRITORY OE ARIZONA Cnnntu al