The Holbrook news., 1910-04-01

E of any corporation, or individual an } take over any part, or all of the assett
 and liabilities, and pay for same in cash | property, or otherwise.
 n ARTICLE III.
 The amount of the capital stock O. a this corporation shall be Twenty-fivc : Thousand Dollars ($25, ,O0O. OO), divided . into One Thousand shares Q,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 im- mediately roliowing the day upon which these Articles of incorporation are filed for record in the office of the County Recorder of Navajo County, Arizona 1 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 teruain- ate Twenty-Five years (25l thereafter. but the same may be renewed from time to time as provided by law so as to make the 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, majority Of which l shallconstitute aquorum for the transac ton ''} business, and which Board cf | Directors shall be elected at there eulate annual meeting of the stockholders of this corporation. The annaul meeting of the stockholders shall be held at the principal office of this ccrroration. in Holbrook, Navajo County, Arizona Ter ritoy, on the first Monday in June ot each year. Said Directors when SC elected, shall hold office until their Successors are duly electen and qualif- 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 end establish all rules ano regulations which are necessary for the management of the affairs of this cor s poration, not inconsistent with the Con- . ititution and laws of the United States. and the laws of the Territory of Ari- zona. Until the first annual meeting 'f the stockholders, or until their sue cessors are elected and qualified, 3 Henry Kempenich and William ,. Scorse shall constitute the Boaro b f Directors. The Board of Directors hall have power to change or amend he bylaws of this corporation. Q
 ARTICLE VI. r The officers of this corporation shall c e President, Vice-President, Secre- '. ary, and Treasurer, and such other dditional officers as the Board of Direc- ' ors shall deem necessary and proper I or the transaction of the business of i he corporation. N
 ARTICLE VII.
 The hightest amount of indebtedness :, nd liability to which this corporation , hall at any time subject itself is Six , cen Thousand, six hundred and sixty < x dollars. as
 ARTICLE VIII. T The private property of the stock ., olders and officers of this corporation nall be exemp from all and any of its T orporal debts and liabilities. e IN WITNESS WHEREOF, the said T have bereunto set theil n, ands and executed the presents, this ,, le 24tb day of February, A. D, 191OI r.
 (SigneD HENRY KEMPEMCH, p'
 WILLIAM R. SCoRsE, u erritory of Arizona,
 ounty of Navajo.