Daily Arizona silver belt., 1910-01-12
LEGAL ADVERTISEMENTS

authorized capital stock shall be fifteen thousand dollars ($l5,000) divided into one hundred and fifty shares 150) of the par value of one hundred dollars ($l00.) each. From time to time the capital stock may be issued in such amount and for such purpose as shall be determined by the Board of Dircc- tors and as may be permitted by law. FIFTH: The Directors of the cor poration shall be elected annually until otherwise provided by the by laws.
 The incorporators may at the organi- zation meeting, and the Directors may at their first meeting, or at any subse- quent meeting, provide by appropriate by laws fo rthat purpose for the num- Der of Directors, for their election, for an increase or reduction in their num- Der, or their division into classes, in 1 respect of the time for which they shall t,severally hold office, and as to any and all other matters concerning the regula. ton of the affairs of the company no in- consistent with the Laws Of the State of Delaware or of this Charter.
 The Directors shall have the further power to provide, by the bylaws or oth- erwise, for the selection from among i their own number of the Executive Committee of such number as they may from time to time designate, and to | delegate to such Executive Committee all or any of the powers of the Board of Directors, in so fal as the dclega ton of such powers is not contrary to law.
 SIXTH: The names and post office addresses of the incorporators, and the number of shares subscribed for by each, the aggregate of which, One thousand dollars ($1,000) is the amount of capital stock with which this cor poration will commence business, are as follows:
 Names Post Office Number of
 Addresses Shares Subscribed Edward M. Neary. .........
 Alfred Hector ..............
 Louis Cohen ............, g Wall Street, New Tori; City 3
 37 Wall Street, New York City 4 37 Wall Street, New York City 3 1 SEVENTH: The duration of the company shall be perpetual.
 EIGHTH: Neither the private prop erty of the stockholders nor that or any of them shall be subject to the payment of any of the corporate debts of the -company.
 NINTH: l. The Board of Direc- tors shall have power, without the as ] sent or vote of the stockholders, from l time to time, to make, alter, amend aud rescind the bylaws of this corporation, l and to fix the amount to be reserved as working capital, and to authorize and cause to be executed debentures, mort gages and leases upon the real and per :stal property if Ih4 corporation. | 2 The directors snail have tt; pov er t1 sell, assign, tra"sfer, convey anG otherwise dispose of a part of the property assets and effects of the corpor- ation, less than the whole or substan- tially the whole therof, on such terms and conditions as they shall deem it, right and just, without the assent of the stockholders in writing or other. wise But the directors shall not have the power to sell, assign, transfer, con vey or otherwise dispose of the whole, or substantially the whole of the prop
 erty, assets, effects, Franchises and goodwill of the corporation except with the assent in writing, or pursuant to the vote, of the holders of fourths
 of all the capital stock of the company issued and outstanding. } 3. The Board of Directors, in addi' ton to the powers and authority ex pressed conferred upon them by statute , and by the bylaws, are hereby empow cred to exercise all such powers and dc all such acts and things as may he ex
 ercised or done by the corporation, bu subject nevertheless to the provision
 of the statutes of the State of Della ware, of this Charter, and to any regu