The Holbrook news., 1910-03-25

of any corporation, or individual and take over any part, or all of the assetts and liabilities, and pay for same ipeash, ! 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,0OO) 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 inn mediately rollowinQ 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 (z5) thereafter, but the same may be renewed from time to time as provided by law so as to make tfe same perpetual.
 ARTICLE V.
 The affairs of this corporation shall be conducted by Board of Directors, to be chosen from the stockholders, con- sisting ot not less than four, nor more than seven persons, majority of which shall constitute aquorum for the transac tion of business, and which Board ot Directors shall be elected at there gulate annual meeting ot the stockholders ot this corporation. The annaul meeting of the stockholders shall be held at the principal offlce of this corporation, in Holbrook, Navajo County, Arizona I CT ritoy, on the first Monday in June ot 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 o1 the board from among the stockholders of said corporation. Said Board o1 Directors shall have the power to make bylaws and establish all rules anC 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 Boarc of Directors. The Board of Directors shall have power to change or amend the bylaws of this corporation.
 ARTICLE VI.
 The officers of this corporation 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 o1 the corporation.
 ARTICLE VII.
 The hightest amount of indebtedness and liability to which this corporation shall at any time subject itself is Six teen Thousand, six hundred and sixty six dollars.
 ARTICLE VIII.
 The private property of the stock folders and officers of this corporation shall be exemp from all and any of its corporal debts and liabilities.
 IN WITNESS WHEREOF, the sai6 corrorstcrs have hereunto set their hands and executed the presents, this the 24th day of February, A. D, 1910!
 (Signed) HENRY KEMPENIcH, WILLIAM R. ScoRsE, Territory of Arizona,
 County of Navajo.
 Before me, c. Hess, Jr., County Re corcer, in and for the County of Maya jo, Territory of Arizona, cn tl.is day personally appeared Henry Kempenict and William R. Scorse, known to me tC te tie rereons whose names are sub scribed to the foregoing instruments, and each acknowle gde to me that ht executed the same for the purpose snC consideration therein expressed
 Given under my hand and seal of office this the 24th day of February, A. D. 1910!
 (SignedD c, HESS, Jr.
 County Recorder,
 By c. M. c. HoUCK, Deputy. TERRITORY OF ARIZONA, COUNTY OF NAVAJO,
 c. Hess, Jr., County Recorde in and for the County and Territor. l c---...l lo Lo,.ohrr co,-fifxr fhof hauI