Bisbee daily review., 1910-02-01

gage on real property, or a deposit
and pledge of or mortgage on personal
property, or other proper security tor
the repayment OF same.
(e) To draw. make. accept. endorse
discount, execute and issue promis-
sory notes, bills of exchange. war
rants. bonds. debentures and other
negotiable or transferable instru-
ments.
tD To enter into, make. perform
and carry out contracts of every kind
and for any lawful purpose with any
firm, person, association or corpora
ton
(g) To purchase. or otherwise ac-
quire. and TO hold. own and enjoy.
and to mortgage, convey. or other
wise dispose Of. property of every
kind. character and description. real
personal OF mixed.
(h) To purchase or otherwise ac.
quire and deal in and to hold, sell or
otherwise dispose of the shares of
this on any other corporation. And
to buy. sell, take, own, hold and deal
in bonds. mortgages, pledges, chooses
in action, judgments. inventions
trade marks. patents, licenses, privi-
leges, options and property of every
kind and character.
| ARTICLE 3. The amount of the
capital stock of this corporation shall
be TWENTY-FIVE THOUSAND
TWO HUNDRED AND FIFTY (25O)
DOLLARS (25.OOOO0), divided into
shares of the par value of ONE HUN
DRIED DOLLARS (S100.O0) each,
which. when issued, shall be fully paid
and worcestershire.
Said stock shall be issued for cash
only, and at not less than par, aud
shall be issued under such other terms
and conditions and at such times as
or prescribe.
ARTICLE 4. The time of the com
mencement of this corporation snail
be the day Immediately following the
day upon which a certified copy oi
these Articles are filed WITH the Aud
itor of the Territory of Arizu.la, and
the said corporation, unless renewed
shall terminate twenty-five (25) Year,
! thereafter. but the same may be re
newed from time to time as now pro
! yided by the laws of said Territory Sc
as to make the same perpetual.
| ARTICLE 5. The affairs of his
corporation shall be conducted by q
Board of not less than three nor NOR,
! than seven directors. who shall be
elected from among the stockholders
annua ly, at the annual meeting there
! OF. The annual meeting of the stock
holders of this corporation shall be
held at the principal office of the cor
poration. at Lowell. Cochise County
Arizona, on the first Monday i
March. of each year Said directors
when so elected, shall hold Office unit
their successors are elected and aual
lned, and any vacancy in the Boar,
snail be filled by election OF the -e
naming members of the Board fron
among the stockholders of said COZ
poration.
Said Board of Directors shall hay
the power to make bylaws and estat
; lish all rules and regulations necc-
. sary for the management OF rne a
! fairs Of this corporation not inconsis
ent with these Articles or with tn
laws of the Territory of Arizona or {
the United States of America.
Until the first annual meeting 4
. stockholders. or until their successor
are elected and qualified, the follow
D ing named persons shall constitut
the Board Of Directors of this corpo
alton: w. H. Brophy, NJ. ] CunninI
nam, and L. C.. Shattuck.
The officers of this corporatfo
shall be a President, vice-Presider
and Cashier. together with sucn otl
er additional officers as the Board {
Directors may deem necessary for tn
proper transaction OF the business {
this corporation
ARTICLE 6. The highest amoui
of Indebtedness to which this corpo
alton is at any time TO subject itse
is sixteen thousand. six hundred an
sixty-six dollars ((S16, ,66e. .OO).
ARTICLE Z. The private propert
: of the stockholders and officers OF tn
: cooperation shall be exempt from a
and any liability for its corporal
! debts
, IN WITNESS WHEREOF the sal
corporators have hereunto set thei
hands and executed these present