The Holbrook news., 1910-03-11

2 of any corporation, or individual an take over any rart, or all of the assett and liabilities, and pay for same in cash . property, or otherwise.
 l ARTICLE III.
 The amount of the capital stock oi ! this corporation shall be Twenty-Five . Thousand Dollars (S25, ,OOO.OO), divided into One Thousand shares 1,OOO of the ! the par value of Twenty-Five Dollars each, which when issued, shall be fully , paid and non-assessable. Such stock shall be issued at such times as the Board of Directors may designate, in exchange for cash, property, services, or other valuable right or thing.
 ARTICLE ".
 The time of the commencement of this corporation shall be the day inn mediately rollowing the day upon which these Articles of incorporation are filed for record in the office of the County Recorder of Navajo County, Arizona Territory, and a certified copy of the same is filed with the Auditor of the Territory of Arizona, and the said cor poration, unless renewed, shall termin- ate Twenty-Five years (25) thereafter, but the same may be renewed from time to time as provided by law so as to make tie same perpetual.
 ARTICLE V.
 The affairs of this corporation shall be conducted by Board of Directors, to be chosen from the stockholders, con sisting of not less than four, nor more than seven persons, a majority of which shall constitute aquorum for the transac ton of business, and which Board of Directors shall be elected at there gulate annual meeting of the stockholders of this corporation. The annaul meeting of the stockholders shall be held at the principal ofhce of this corporation, in Holbrook, Navajo County, Arizona Ter ritoy, on the fist Monday in June of each year. Said Directors when so elected, shall hold cffice until their successors are duly electen and qualif- ed, and any vacancy in the Board shall l be filled by the remaining members of the Board from among the stockholders of said corporation. Said Board of | Directors shall have the power to make | bylaws and establish all rules and regulations which are necessary for the | management of the affairs of this cor poration, not inconsistent with the Con- stitution and laws of the United States, and the laws of the Territory of Ari- zona. Until the first annual meeting Of the stockholders, or until their sue cessors are elected and qualified, Henry Kempenich and William R. Scorse shall constitute the Boaro of Directors. The Board of Directors shall have power to change or amend the bylaws of this corporation.
 ARTICLE VI.
 The officers of this corporation shall be a President, President, Secre- tary, and Treasurer, and such other additional officers as the Board of Direc- tors shall deem necessary and proper for the transaction ofthe business of the corporation.
 ARTICLE VII.
 Tie bightest amount of indebtedness and liability to which this corporation shall at any time subject itself is Six te en Thousand, six hundred and sixty six dollars.
 ARTICLE VIII. ( The private property of the stock ! holders and officers of this corporation shall be exemp from all and any of its corporal debts and liabilities. IN WITNESS WEEREOF, the said have hereunto set their 1 hands and executed the presents, this the 24tb day of F february, A. D, 1910! '
 (Signed) HENRY KEMPENIcH,
 WILLIAM R. SCoRsE, Territory of Ar1zona,
 County of Navajo. Before me, C. Hess, Jr., County Re [ co rder, in ard for the County of Maya t 10, Territory of Arizona, on this day f appeared Henry kempenich and William R. Scorse, known to me to pc the rersons whose names are sub cribed to the foregoing instruments, t md ca ch acknowleg gde to me that he s executed the same for the purpose and .onsid eration therein expressed. Given under my hand and seal of office, his the 24th day of February, A. D. 91O!
 (Signe0 c. HESS, Jr.