Bisbee daily review., 1910-08-03
c conduct of fits 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 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 irftory of Arizona, it being hereby expressly provided that the fore going enumeration of specific powers shall not be held to limit or re- strict fin any manner the powers of the corporation.
 ARTICLE III. ssal
 The amount of the capitaI stoctx of this corporation shall be Fifty Thousand Dollars (s5OOOO.OO divided into Five Thousand (500O) shares Of the par value of Ten Dollars ($10.0O) each, which, when issued. shall be fully paid and non-assess- able. Said capital stock shall be issued upon such terms and condi- lions 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 jceGmsns determine.
 ARTICLE ".
 rse tine of the commencement cf this corporation shall be the day i'm mediately following the day upon which 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 (25) 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
 ARTICLE W.
 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 of this corporation shall be held at the principal office of the corpora- ton, 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 by , 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 fine the duties of the officers, agents and employees of the corporation; al any general or special meeting tc 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 a majority vote not more than two additional directors if they see fit 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.OO .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 it's corporate debts.
 IN WITNESS WHEREOF, said corporations have hereunto set their hands and executed these present this 21st 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