Bisbee daily review., 1910-08-06
he conduct of fits 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 in 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 re- strict in any manner the powers of the corporation
 ARTICLE III.
 The amount of the capital stock of this corporation shall be Fifty Thousand Dollars (s500OO .Oo) divided into Five Thousand (5OOO) shares of the par value of Ten Dollars (S10.00) each, which, when issued. shall be fully paid and non-assess- able. Said capital stock shall be issued upon such terms and condi. tions and at such times as the Board of Directors may determine or pre- 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 their tGGgmen@ determine.
 ARTICLE ".
 The time of the eornmencs ment of this corporation shall be the day i'm mediately following the day upon which a certified copy of these Arti- cles are filed with the Auditor of the Territory of Arizona, and the said corporation, unless renewed, shall terminate twenty-five C25) years thereafter; but the same may be re- newed from time to time, as now provided by law. so as to make the same perpetual
 l ARTICLE V.
 The affairs of this corporation shall 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 ot this corporation shall be held al ; the principal office Of the corpora
 uon, at Bisbee, Cochise County. Ari
 zona, on the second Monday of Apri of each year. Said directors. whel a so elected, shall hold office unti
 their successors are elected an $ qualified, and any vacancy in tn
 board shall be filled by election b r the remaining members of the boar ; from among the stockholders of sai D corporation.
 e The Board of Directors shall hay e power to elect or appoint and d, ? fine the duties of the officers, agent II and employees of the corporation; 2 II any general or special meeting { e adopt bylaws for the corporation l. and to amend, repeal or rescind tn
 same; and when authorized by tn
 
 issued and outstanding capita, stoc 7 of the corporation. to lease, mort gag O sell, convey, or otherwise dispose all of the assets of this corporation '' or to lease, mortgage, sell, conve
 or otherwise dispose of any pa - less than the whole of the corporal - assets of this corpratin without suC 7i authority.
 - Until the first annual meeting ,e the stockholders, in 1911, or unt
 their successors are elected an m qualified, the following named pc
 sons shall constitute the Board
 Directors of this corporation. viz ,s John W. Pitts, Leonard F. Mon , gomery and Jay c. Raub. and sai ,a persons are hereby given the powe 70 to elect by majority vote not nor
 than two additional directors if the "a see fit The persons so elected sha ! serve until the first annual meetin
 of stockholders, or until their sucees. ors are elected and qualified. - The officers of this corporatio d shall be President, Vice Presiden fl Secretary, and Treasurer, togethe . with such other additional officers a = the Board of Directors may deeu necessary; PROVIDED. HOWEVER
 that the offices of Secretary an, IF Treasurer may be held by one an, s the same person.
 I ARTICLE VI. = The highest amount of indebted f ness to which this corporation shal n at any time subject itself is Thirty 2. three Thousand Dollars (s33, ,0OO. .0O) 4 ARTICLE VII.
 The private property of the -tock n holders and officers of this corpora . ton shall be exempt from all an, if any liability for it's corporate debts F. IN WITNESS WHEREOF. sai, d corporators have hereunto set thei k hands and executed these presen ,. this 21st day of July, A. D 1910.
 JOHN W. PITTS. m LEONARD E. MONTGOMERY, VI JAY c. RAUB,
 e Territory of Arizona. County O ,r Cochise