Daily Arizona silver belt., 1910-02-04
LEGAL ADVERTISEMENTS
tors as to the value of such property or services shall be conclusive.
 ARTICLE ".


 tors as to the value of such property or services shall be conclusive.
 ARTICLE ".
 The time when this corporation shall commence shall be the date when a copy of these articles, certified by the Recorder of Gila County, Arizona, shall be filed with the Territorial Auditor of said Territory of Arizona, and the time of its termination shall be twenty five years thereafter.
 ARTICLE V.
 The affairs of the corporation shall be conducted by a Board of three direc. tors, who shall be elected by the stock holders at the annual meeting of said stockholders to be held at Globe, Ari- zona, on the first Monday of March, 1910, and on the first Monday of March of each year thereafter, or at any spe- cial meeting of the stockholders called for that purpose, and said directors shall hold their office until their sue cessors are elected and qualified. Un- til the first meeting of the stockhold- CTS, the Board of Directors shall be
 JOHN II. CONNELL,
 HERBERT W. WHITING,
 P. NJ. LORRAINE,
 all of Globe, Arizona. As soon as con venient after the certified copy of these articles is filed with the TerritSrial Au- ditor, the said Board of Directors of the Company shall hold its first meet ing in the ,parlOr of the Dominican Ho- tel, Globe, Arizona, and the presence of majority of said directors at said meeting shall be a valid quorum for the transaction of business. At said first meeting the Board of Directors shall organize corporation and elect its of ficeTs and provide for and direct the issuance of it's capital stock or any part thereof, receive and accept sub, seriptions to the stock and transact any other business within the power of the Board of Directors.
 The Board of Directors shall adopt bylaws and may amend or repeal the same as may be provided in such by laws, but the stockholders may at any annual meeting or at any special meet ing called for that purpose, amend or repeal such bylaws or adopt new or additional bylaws.
 The officers of the corporation shall consist of a President, Vice-president, Secretary and Treasurer, and they shall be elected by the Board of Directors, and such other officers as may be pro yided for in the by laws. The Presi- dent and Vice-president shall be elect ed from among their own number. The offices of Secretary and Treasurer may be held by one and the same person, and the duties of such officers shall be prescribed and the powers limited by the bylaws or by resolution of the Board of Directors.
 Any vacancy in the Board of Direc tors caused by resignation or other wise may be filled for the unexpired portion of the term by election by the remaining members of the Board of Di- rectors.
 The Board of Directors shall have full power and authority to transact the ordinary business of the corpora tion, and to delegate such power and authority as it may deem expedient to any officer or agent of the company. For the conveyance of the entire or principal assets of the company, the previous authorization or subsequent ratification of the holders of three fourths of the outstanding stock of the company shall be necessary and suffi- cient. Such authorization or ratifica- tion may be given by vote at a meet ing of the stockholders or by writ ten instrument of instruments signed by holders of three-fourths of the stock.
 The highest amount of indebtedness or liability to which the corporation