Bisbee daily review., 1910-08-05
the conduct of it's business.

the conduct of it's business.
 (k) Subject to the provisions of law, to purchase, hold, sell and re- issue the shares of capital stock of this or any other corporation.
 The foregoing clauses, (a) to (k), inclusive, shall be construed both as objects and powers.
 In general. to carry on any other business fin connection with the fore going, whether Manufacturing or otherwise, and to have and to ex. ercise all the powers conferred upon corporation by the laws Of the Ter. ritory of Arizona. it being hereby expressly provided that the fore. going enumeration of specific powers shall not be held to limit or ra- striet In any manner the powers of the corporation.
 ARTICLE m.
 The amount Of the capital stock of this corporation shall be Fifty Thousand Dollars (s5OOOO. .OO) divided into Five Thousand (5OOOl sbaras or the par value of Ten Dollars tSlO.OO) each. which, when issued shall be fully paid and non-assess. able. Said capital stock shall he issued upon such terms and condi. tons and at such times as the Board of Directors may determine or nra- scribe; and the same may be issued I'D exchange for property, contracts. services or other benefits of any Kind or character aecruing to inc corporation, as the Board of Direc. tors may in the exercise of their JidGmen1 determine.
 ARTICLE ".
 T1e time of the commenc. msat cf this corporation shall be inc day i'm mediately following the day unon which a certified copy of these Arti- cies are filed with the Auditor of tha Territory of Arizona, and the said corporation. unless renewed, shall terminate twenty-five (25) years thereafter; but the same may he re- newed from time to time. as now provided by law, SO as to make the same perpetual.
 ARTICLE V.
 The affairs of this corporation snail be conducted by a board Of 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 cOrnoratiop sbou l. .,, the principal office of the corpora- ton, at Bisbee, Cochise County. Ari. zona, on the second Monday of April or 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 by the remaining members of the board rom among the stockholders of said corporation.
 The Board of Directors shall have power to elect or appoint and de. fine the duties of the officers. agents and employees of the corporation; at any general or special meeting to l adopt bylaws for the corporation. | and to amend. repeal or rescipd the same; and when authorized by the affirmative vote of a majority of the issued and outstanding capitaI xtock or the corporation, to lease, mortgage sell, convey, or otherwise dispose of all of the assets of this corporation or to lease, mortgage, sell, convey or otherwise dispose of. any part less than the whole of the corporate assets of this corpratin without sucb authority.
 Until the first annual meeting of the stockholders, in 1911. or until their 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 to elect by majority vote not more than two additional directors if they see lit The persons so elected shall serve until the first annual meeting of stockholders, or until their success. ors are elected and qualified.
 The officers of this corporation shall be a President, Vice President, Secretary, and Treasurer. together with such other additional officers as the Board of Directors may deem necessary; PROVIDED. HOWEVER. that the offices of Secretary and Treasurer may be held by one and the same person.
 ARTICLE VI.
 The highest amount of indebted ness to which this corporation shall at any time subject itself is Thirty. three Thousand Dollars (s33, 900. .OOl.
 ARTICLE VII.
 The private property of the stock. holders and officers of this corpora- ton 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 this 2lst day of July. A. D 1910.
 JOHN W. PITTS,
 LEONARD E. MONTGOMERY.
 JAY c. RAUB.
 Territory of Arizona, County of Cochise
 Before me. W. K. Flora, a Notary Public in and for the County of Co chise. Territory of Arizona, on this day personally appeared John W. Pitts. Leonard E. Montgomery and Jay c Rauh known to mo to ha fba