Bisbee daily review., 1910-07-30
ARTICLE M.

'SIVoO) each, which. when issued
shaH be fully paid and pon-assass'
able Said capital stock shan he
issued upon such terms and co,di.
IONS and at such times as the Board
OF directors may determine or nro-
scribe; and the same may be issuad
. I'D exchange for property. contracts
services or other benefits OF a.,
KIND or character accruine 70 +bo
corporation as the Board of Direc.
tors may in the exercise Of tbai-
judgment determine.
ARTICLE w.
. Inc time Of the Commemorate. =.
'hls corporation shall be the dav i'm
mediately following the aav raon
which a certified copy of these Arti.
cIes are filed with the Auditor Of tbo
territory Of Arizona, and the soid
corporation, unless renewed. shan
terminate twenty-five C25) ve.~,
thereafter; but the same NAV he -,
neWed from time to time. as now
provided by law. so as to make the
same perpetual
ARTICLE v.
Inc affairs Of this corporation
shsll be conducted by a board ~ not
less than three nor more than ft,-a
directors, who shall be elected from
among the stockholders annualIv at
the annual meeting thereof. The an
hual meeting Of the stockholders ~
THIS corporation shall be held AZ
the principal Office OF the cornora.
uon, at Bisbee, Cochise County Ari.
IONA on the second Monday of April
OF each year. Said directors. when
SO elected, shall hold Office untiI
their successors are elected ana
qualified, and any vacancy in the
board shall be filled by election nv
.he remaining members of the board
from among the stockholders of said
corporation.
me Board of Directors shall have
power to elect or appoint and de.
line the duties Of the officers a9anss
ana employees Of the corporation; at
any general or special meeting 70
adopt bylaws for the corporation
and to amend, repeal OF rescind the
same; and when authorized by the
affirmative vote of a majority Of Tho
issued and outstanding capitaI stool
OF the corporation, to lease, mortgage
sell, convey, or otherwise dispose of
al OF the assets of this corporation.
or to lease. mortgage. sell. convey
or otherwise dispose of. anv mart
less than the whole of the corporate
assets Of this corpratin without spcb
authority.
. Until the first annual meeting Of
tine stockholders, in 1911. or until
their successors are elected and
qualified, the following named per-
sons shall constitute the Board of
directors of this corporation. viz:
John W. Pitts. Leonard F. Mont.
gomery and Jay c. Raub. and said
persons are hereby given the mower
to elect by a majority vote not more
than two additional directors IL they
see fit The persons so elected ,halI
serve until the first annual meeting
Of stockholders. or until their success
ors are elected and qualified.
The officers Of this corporation
shall be a President, Vice President,
Secretary, and Treasurer. together
with such other additional officers as
the Board Of Directors may deem
necessary; PROVIDED. HOWEVER.
that the Offices OF Secretary and
Treasurer may be held by one and
the same person.
ARTICLE VI.
The highest amount of indebted.
ness to which this corporation shah
at any time subject itself is Thirty
three Thousand Dollars (s3s. 600. OOl
ARTICLE VII.
The private property Of the stock.
holders and officers OF this corpora
ton shall be exempt from all and
any liability for its corporate debts.
IN WITNESS WHEREOF. said
corporators have hereunto set their
hands and executed these present
this 21st day Of July. A. D. 1910.
JOHN w. PITTS.
LEONARD z. MONTGOMERY.
JAY c. RAUB,
Territory Of Arizona. County Of
Cochise
Before me, w. K. Flora. a Notary
Public in and for the County of Co
chise. Territory of Arizona, on this