Arizona republican., 1911-09-11

Ivenient in and for the business of thi. lccrporation. and generally to do any and all such lawful acts, and to pos sess such lawful powers as are incl ldent to the business. purposes anC Iobjects of this corporation.
 ARTICLE ".
 The authorized amount of capital stock of this corporation shall be five hundred thousand (50O,OOO dollars divided into fifty thousand (5O,OO0) shares of the par value of ten (Sl0) dollars each. The times when and the conditions upon which said stock shall be issued and paid for are as follows: Either in cash to be paid for at the time subscription is made | therefor; or the Board of Directors Of the corporation may authorize the sale of the stock of this corporation or any part thereof. at such prices as they may deem advisable, but not less than the par value thereof, to be paid for in cash at the time of subscrip- ton, to the extent of at least twenty five per cent of such subscription. and the balance to be paid within one year from the date of the organization of this corporation The stock of this corporation shall not be issued until fully paid, and when so issued shall be non-assessable thereafter. The stock of this corporation may be voted lat all meetings either in person or by proxy.
 ARTICLE V.
 The time of the commencement of this corporation shall be the date of filing with the Auditor of the Terri tory of Arizona of q certified copy of these Articles of Incorporation, as by law provided. and the termina- ten thereof shall be twenty five years thereafter unless the same shall here after be extended as by law provided.
 ARTICLE VI
 The affairs of this corporation shall be conducted by a Board of Directors consisting of not less than five stock kClders of this corporation who shall be elected annually by the stock holders at the annual stockholders meeting which shall be held at the office of the company in the city of
  second Tuesday in March at the hour Of 10 A. M. of that day. of each year hereafter. The first annual meeting of the stockholders is to be held on the second Tuesday in March in the year A b 1912. at the hour of 1OI o'clock in the forenoon of that day
 The officers of this corporation shall be a President, a First Vice President, and a Secretary Treasurer who shall be elected by the Directors hereafter on the second Tues day in March. at such time as the 'oard of Directors may determine Until their successors are elected and qualified the following named persons shall be the officers and shall consti- ute the Board of Directors of this 
 A. l.. Lundgren, President and Di- rector. John Busch, First Vice President and Director. Sydney Smith, Secretary Treasurer md Director.
 The Directors shall hold their of- fees for the term of one year from the date of their election. and until their successors shall have been duly elected. unless they shall in the mean lime cease to boa stockholder in ths Any person ceasing to be | | stockhOlder in this corporation shall | cease to be a director or officer in | the same. Vacancies in the Board of Directors 1 may be filled by the remaining mem l Ders of the Board for the uneXpired | .erm for which such persons are elect ]