Arizona republican., 1910-05-25

days said stockholders shall have an option to buy said stock in proportion to the amount already held by them.
 Sec. ,. Stock shall be issued and paid for as decided upon by the Board of Directors. and it may he paid for in money. labor. property or any other thing of value. and the entire amount of the authorized capital stock need not be issued at the commencement of 1 business.
 | Sec. 6 Stock shall be transferable on [ the books of the corporation as pro- vided by the Board of Directors. ! Article VI. Management Section | The affairs of this cor poration shall be managed by q Board | of Directors composed of not less than three nor more than eleven persons. the exact number to he fixed in the By ! Laws
 Sec 2 The Board of Directors shall be elected annually at the regular an nuaI stockholders meeting. and shall hold office for one year and until their successors are elected and qualify Un-
  compose the Board of Directors: r.. l.. James, Geo. l.. Dobson, Ben J. Ness, C. s. Northrop, Chairman. Daniel | ODonald. C. E. Cassill and H. C. { Armstrong.
 Article VII. l officers. The Board of Directors shall elect a president, vice-president, secretary, treasurer and general manager. one person may hold one or more office. Until the first election the following shall serve as officers: President. E. l.. James; Vice President, Dan. O'Don- aid; Secretary. C. B. Cassill: Treas urer. Geo. l.. Dobson: General Man ager, c. s. Northrop. Article VIII. i Meetings. Section 1. The regular annual meet | ing of the stockholders of the corpora | tiOn shall be held on the second We'd nesday of January in each year at Des Moines. Iowa, for the purpose of elect | ing a Board of Directors for the en- suing year. and for the transaction of such other business as may regularly come before such meeting. The first
 
 Moines. Iowa, in January, 1911. Sec. ?. Special meetings of stock holders shall be called by the secretary | at the request of d majority of the Board of Directors, or upon the writ ten petition of holders of a majority of the common stock outstanding. but at least ten days notice in writing of such meeting shall be given by the Secretary to every holder of common stock, as shown by the books of the corporation. stating the time. place and object of such meeting. Said notice shall be mailed to the last known resi- dence of each stockholder. Sec. 3. At all stockholders meetings each holder of common stock shall be entitled to cast one vote for each share of stock held by him. Voting may be done by proxy when properly evidenced in writing.
 Article TX. Indebtedness.
 The highest amount of indebtedness to which this corporation shall at any time subject itself is two thirds of the amount of it's capital stock.
 Article x.
 Private Property Exempt.
 The private property of members of this corporation shall be exempt from corporate debts.
 Article XI.
 Miscellaneous.
 The Board of Directors shall have power to make and establish Bylaws for the regulation and management of the corporations affairs: the corpora tion shall have the right of perpetual succession. may sue and be sued in it's corporate name. and may have seal which it may alter at pleasure.
 Article XII.
 Dissolution.
 This corporation may be dissolved by majority vote of the outstanding stock at any regular or special stock holders meeting.
 Article XIII
 Amendments.
 These articles may he altered ar amended at any regular or special meeting of the stockholders by d ma jority vote of stock outstanding.
 IN WITNESS WHEREOF. we have hereunto subscribed our names at Des Moines, Iowa, on this 12th day of May. A. b. 1910.
 C. S NORTHROP C. E. CASSILL.
 State of Iowa, Polk County, ss.
 On this 12th day of May. 1910. per sonally appeared before me C. $. Northrop and C. B. Cassill. to me known to be the persons named in and who signed the foregoing Articles of Incorporation, and who acknowledged the execution of the same as their voluntary act and deed. and for the purposes and considerations therein ex- pressed.
 (Seal) G. E. EXAMINER Notary Public in and for Polk County. Iowa.