Daily Arizona silver belt., 1910-01-11
LEGAL ADVERTISEMENTS

authorized capital stock shall be fifteen thousand dollars ($l5,000) divided into one hundred and fifty shares (l50) of the par value of one hundred dollars ($l00.) each From time to time the capital stock may be issued in such amount and for such purpose as shall be determined by tfe Board of Direc- tors and as may be permitted by law.
 FIFTH: The Directors of the cor poration shall be elected annually until otherwise provided by the bylaws.
 The ineorporators may at the organi zation meeting, and the Directors may at their first meeting, or at any subse quent meeting, provide by appropriate Der of Directors, for their election, for an increase or reduction in their num- Der, or their division into classes, in respect of the time for which they shall severally hold office, and as to any and all other matters concerning the regula' tion 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 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 fai as the delega- tion 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 (Sl ,000) is the amount
 of capital stock with which this cor [ 2oratioa will commence business, are ! as follows; Names Post Office Number oi
 Addresses Shares Subscribed Edward M. Neary
 | Alfred Hector .i......t,....
 Louis Cohen ..............
 | 37 Wall Street, New Yorl; City
 37 Wall Street, New York City l 37 Wall Street, New York City | SEVENTH: The duration of th'
 company shall be perpetual.
 EIGHTH: Neither the private prop
 erty of the stockholders nor that ot an. of them shall be subject to the paymen of any of the corporate debts of tn
 company.
 NINTH: l, The Board of Direc tors shall have power, without the as sent or vote of the stockholders, fror , time to time, to make, alter, amend an rescind the bylaws of this corporation and to fix the amount to be reserved a . working capital, and to authorize an cause to be executed debentures, nor ! gages and leases upon the real and peI e s,hal property if tho corporation. t 2. phe directors snail have tis pow @ to sell assign, trG'.sfer, convey an T otherwise dispose of a part of tf T property assets and effects of the eorpo |. ation. less than the whole or substal S tially the whole therof, on such tern s and conditions as they shall deem 0 right and just, without the assent ( ;, the stockholders in writing or othe 8 wise. But the directors shall not hay t the power to sell, assign, transfer, col e vey or otherwise dispose of the whol f or substantially the whole of the pro Il erty, assets, effects, franchises ar l. goodwill of the corporation except vii ). the assent in writing, or pursuant Il the vote, of the holders of tnree-fourtl r. of all the capital stock of the compar e issued and outstanding.
 o 3. The Board of Directors, in ado e tion to the powers and authority e y pressed conferred upon them by statu l. and by the bylaws, are hereby empc' $ cred to exercise all such powers and e all such acts and things as may be c D. ercised or done by the corporation, b v subject nevertheless to the provisio
 of the statutes of the State of De Il ware, of this Charter, and to any res