The Holbrook news., 1910-03-18

of any corporation, or individual and take over any part, or all of the assetts and liabilities, and pay for same in cash, property, or otherwise.
 ARTICLE III.
 The amount of the capital stock of this corporation shall be Twenty-Five Thousand Dollars ($25, ,OOO. OO), divided . into One Thousand shares Q,00O of the the par value of Twenty-Five Dollars each, ,whi oh 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 i'm 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 certified copy of the same is filed with the Auditor of the Territory of Arizona, and thesaid 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 ".
 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, majority of which l ton of business, and which Board or | 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 office of this corporation, in Navajo County, Arizona Ter ritoy, on the first Monday in June of each year. Said Directors when so elected, shall hold office until their successors are duly electen and qualifi- ed, and any vacancy in the Board shall be filled by the remaining members of he Board from among the stockholders ,f said corporation. Said Board of Directors shall have the power to make bylaws and establish all rules and which are necessary for the of the affairs of this cor poration, rot inconsistantw with the Con- titution 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 suc- cessors are elected and qualified, Henry Kempenich and William e. Scorse shall constitute the Board if Directors. The Board of Directors hall have power to change or amend he bylaws of this corporation.
 ARTICLE VI. The officers of this corporation shall ,e President, Vice-President, Secre- r ary, and Treasurer, and such other dditional officers as the Board of Direc- DTS shall deem necessary and proper or the transaction of the business of 2 he corporation.
 ARTICLE VII. lc The hightest amount of indebtedness md liability to which this corporation hall at any time subject itself is Six cen Thousand, six hundred and sixty ix dollars. {
 ARTICLE VIII.
 The private property of the stock lolders and officers of this corporation hall be exemp from all and any of its {. debts and liabilities. l IN WITNESS WHEREOF, the said i tors have bereunto set their t lands and executed the presents, this he 24th day of February, A. D, 1910!
 (Signed) HENRY KEMPENICH,
 WILLIAM R. SCORSE,