Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1910-07-28

objects and powers.
In general to carry on any other
business in connection with the fore.
going whether manufacturing or
otherwise. and to have and 10 an
ercise all the powers conferred nnop
corporation by the laws Of the Ter.
lritory OF Arizona. II being hereby
expressly provided that the fore-
gong enumeration Of specific mowers
snaii not be held to limit or 70.
serict In any manner the powers q,
the corporation.
ARTICLE ~.
me amount OF the capital stock
OF this corporation shall he F,,,~
thousand Dollars (s5OOoO Ool d,,,daS
into Five Thousand (50OOl sbaros
me par value OF Ten Dollars
'Slo.Oo) each, which. when issued
snah be fully paid and non-assass'
aO'e' said capital stock shall no
ISSUED upon such terms and cord,.
uons and at such times as The poa-s
ol directors may determine or nre-
scribe; and the same may be issued
IN exchange for property. contracts
services or other benefits OF an,
KIND or character accruine 70 tho
corporation, as the Board Of D,rao
tors may in the exercise of tnoS.
judgment determine
ARTICLE ~.
I The time OF the commencernar. 90
this corporation shall be the dav inn.
mediately following the dav mon
winch a certified copy OF these Arti-
cies are filed with the Auditor ~ ar
territory OF Arizona, and the said
corporation, unless renewed. SHAH
terminate twenty-five (25) wears
hereafter; but the same NAV be ro-
heWed from time to time as now
provided by law. so as to make the
same perpetual
ARTICLE v.
The affairs Of this corporation
shall be conducted BY board nj NOT
less than three nor more than five
directors. who shall be elected from
among the stockholders annually AT
the annual meeting thereof. The an.
nual meeting of the stockholders OF
this corporation shall be held at
the principal Office OF the oornora-
uon, at Bisbee, Cochise County Ari-
iona, on the second Monday of AnriI
Of each year. Said directors when
SO elected, shall hold Office until
their successors are elected and
qualified. and any vacancy in the
board shall be filled by election nv
the remaining members of the hoard
from among the stockholders OF said
corporation.
The Board Of Directors shall have
power to elect or appoint and Do
fine the duties of the officers agents
ana employees Of the corporation. AZ
any general or special meeting IN
adopt bylaws for the corporation
ana TO amend. repeal or rescind the
same; and when authorized by the
affirmative vote Of a majority OF the
issued and outstanding capitaI stool
OF the corporation, to lease. MORTGAGE
SELL convey, or otherwise dispose ~
all OF the assets of this corporation
OF to lease, mortgage, sell. convey
OF otherwise dispose of. apy mart
less than the whole of the corporate
assets OF this corpratin without such
authority. SUN
, Until the first annual meeting n,
'tne stockholders, in 1911. or un,,I
tneir successors are elected and
qualified. the following named per-
sons shall constitute the Board of
directors Of this corporation viz
John w. Pitts, Leonard F. Mont. |
gomery and Jay c. Raub. and said
persons are hereby given the power
70 elect by a majority vote not more
than two additional directors If thew
see ut The persons SO elected sbau
serve until the first annual meeting
OF stockholders. or until their success
ors are elected and qualified.
Inc officers of this corporation
shaii be President, Vice President
secretary. and Treasurer. together
with such other additional officers as
the Board of Directors NAV deer, /
necessary; PROVIDED. HOWEVER !
that the Offices of Secretary and
treasurer may be held by one ana
The same person.
ARTICLE vi.
The highest amount of indebted
ness TO which this corporation shan
at any time subject itself is Thirty
three Thousand Dollars (sss OO1 90,
ARTICLE VII.
r
Inc private property of the stock.
holders and officers Of this corpora.
uon shall be exempt from all and
any liability for its corporate debts
IN WITNESS WHEREOF said
corporators have hereunto set their
hands and executed these present
'hls 2lst day Of July. A. d. 1910.
JOHN w. PITTS.
LEONARD E MONTGOMERY
JAY c. RAUB.
Territory Of Arizona, County of
Cochise
beiore me, W. K Flora, a Notary
Public in and for the County of Co
chise, Territory Of Arizona. on this