Bisbee daily review., 1910-08-04

DS iuiy pald and nOn-asSesS- able. Said capital stock shall he issued upon such terms and condi- uons and at such times as the Board or Directors may determine or nra- scribe; and the same may be issued In exchange for property, contracts. services or other benefits of any Kind or character accruing to the corporation, as the Board of Direc. tors may in the exercise of th.ir JGcgm en. determine.
 ARTICLE ".
 Tee tine of the cornmene-mso, q, this corporation shall be the day i'm mediately following the day upon which certified copy of these Arti. cies are filed with the Auditor of the Territory of Arizona, and the said corporation, unless renewed shall terminate twenty-five (25l wears thereafter; but the same may be 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 shall be conducted by 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 au- nual meeting of the stockholders of this corporation shall be held at the principal office of the corpora- tion, at Bisbee, Cochise County Ari- zona. on the second Monday of April 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 bv the remaining members of the board from among the stockholders of said corporation.
 The Board of Directors shall have power to elect or appoint and de me the duties of the officers, agents and employees of the corporation: at any general or special meeting to adopt bylaws for the corporation and to amend, repeal or rescind the same; and when authorized by the affirmative vote of a majority of the issued and outstanding capital stock of 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 such 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 fit The persons so elected sbaII serve until the first annual meeting of stockholders, or until their success ors are elected and qualified.
 The officers of this corporation snail 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 w.
 The highest amount of indebted. ness to which this corporation shall at any time subject itself is Thirty three Thousand Dollars (s33. .OOO. .OO).
 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 Fist day of July, A. D 1910.
 JOHN W. PITTS.
 LEONARD E. MONTGOMERY
 JAY c. RAUB,
 Territory of Arizona, County of Cochise
 DNAoAC nv w. n" AOi a 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. Raub, known to me to be the persons whose names are subscribed to the foregoing instrument. and ac. knowledged to me that they exc cuted the same for the purpose and consideration therein expressed.
 GIVEN under my hand and seal of office this Fist day of July. 1910.
 My commission expires July 3, 1911.
 W. K. FLORA, (Notarial SeaD Notary Public.
 Territory of Arizona, County of Cochise.
 I, c. A. Mcdonald, County Record. CT in and for the County and Terri tory aforesaid, do hereby certify that the within instrument was filed for record at 9 o'clock, a. m-. on July g. 1910. and duly recorded fin Book No. of Incorps. records of Cochise County, Arizona at Pages 1s1.1S3.
 Witness my hand and official seal the day and year first above written. (SeaD c. A. MCDONALD,
 Conty Recorder.