The Holbrook news., 1910-02-25


 take over any part, or all of the assett and liabilities, and pay for same in cash property, or otherwise.
 ARTICLE III.
 The amount of the capital stock O this corporation shall be Twenty-fv, Thousand Dollars ($25, ,OO0 OO). divided into One Thousand shares q, 1,OO0) of tn, the par value of Twenty-Five Dollar each, which when issued, shall be fully paid and non-assessabie. Such stocl shall be issued at such times as tho Board of Directors may designate, 1T exchange for cash, property, services or, other valuable right or thing.
 ARTICLE ".
 The time of the commencement ot 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 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 aquorumfor the transac tion 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 office of this corporation, in Holbrook, Navajo County, Arizona Ter ritoy, on the first Monday in June of each year. Said Directors when so elected, shall hold cffice until their successors are duly electen and qualifi- ed, and any vacancy in the Board shall 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 Board of Directors. The Board of Directors shall have power to change or amend the bylaws of this corporation.
 ARTICLE VI.
 The officers of this corpora ton shall be President, Vice-President, Secre- tary, and Treasurer, and such other additional officers as the Board of Direc- tors shall deem necessary and proper for the transaction of the business of the corporation.
 ARTICLE VII.
 The hightest 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 WHEREOF, the said corporators have hereunto set their hands and executed the presents, this the 24th day of February, A. D, 191OI E (Signed) HENRY KEMPENICH,
 WILLIAM R. SCoRsE, i Territory of Arizona,
 County of Navajo.
 Before me, c. Hess, Jr. County Re corder, in and for the County of Maya jo, Territoryof Arizona, on this day personally appeared Henry Kempenich and William R. Scorse, known to me to be the persons whose names are sub scribed O the foregoing instruments, and ca oh acknowledge to me that he executed the same for the purpose and consid eration therein expressed.
 Given under my hand and seal of office, this the 24th day of February, A.. D. 191Ol
 (signed) c. HESS, Jr.
 County Recorder,
 By c. M. c. HoUCK, Deputy. TERRITORY OF ARIZONA, !
 COUNTY OF NAYvJo,
 c. Hess, Jr, County Recorder in and for the County and Territory