Bisbee daily review., 1911-04-21

between the amount for which 1t IS issued and its par value shall be payable in cash. or cali of the Board of Directors.
 V.
 The time when this corporation shall commence shall be the datel upon which copy of these articles, certified to the recorder of Coehise ! county, Arizona, to be a copy of these original articles heretofore filed in the office of the said County recorder. shall be filed for record with the Territorial Auditor of saLa Territory of Arizona, and the time of it's termination shall be twenty i've years thereafter.
 Vi.
 The affairs of the corporation shall be conducted by a Board of not less than five nor more than eleven Di- rectors. The number of directors who shall act during the ensuing corpor- ate year shall be fixed by, and they shall be elected from among the stockholders at their annuaI meeunb to be held on the second Saturday in January, 1912, and on the second Saturday in January of each year thereafter, and shall hold their office for one year. and until their sue ,cessors are elected and qualhed. Un- til the first annual meeting of the stockholders, the Board of Directors shall be: MIL. Stearns, c. A. Phelps
 w. L. Edwards, c. l. McReynolds, E. b. Johnson, o. W Burns ana ifenrs
 Hill. who shall hold office unti their successors are elected dnd quai- lied.
 As soon as may be after the cer-
 tified copy of these articles Is filed
 for record with the Territorial Aud itor, the said Board of Directors
 shall hold it's first meeting at Bis
 bee, Arizona, and the presence of a
 majority of the said Directors at said
 meeting shall be a vand quorum foi
 the transaction of business, whether
 the absent directors shall have hao
 notice or not of such meeting. At
 said first meeting the Board of Di
 rectors shall organize the corpora
 tion and elect its officers and pro
 vide for and direct the issuance oi
 its capital stock, or a part thereof and transact any other business with in the power of said Board.
 The Board of Directors shall adop'
 by.lows, and may amend Or reDea i the same as may be provided in such l bylaws, but tSe stockholders may
 at any annual meeting or at an,
 special meeting called for that pur pose, amend or repeal such bylaws i or adopt new or additional bylaws
 The officers of the corporation shal
 consist of a president first and sec ond vice presidents, secretary, an
 treasurer, and such other officer
 as nay be provided for in the by
 laws, who shall be elected by thu
 Board of Directors, and the pres : dent, first and second vice presidents r and secretary shall be elected iron
 among their own number. Any va ,t cancy in the Board shall be filled fol le the unexpired portion of the tern a, by election by the remaining mem Jt bers of the Board.
 n VII.
 The highest amount of indebted rs ness or liability to which the COT Id poradon shall at any time subjec
 itself. is the sum Of two nunGre
 and fifty thousand dollars Y. The stockholders and their privat eh11 Hn 1e corporate debts and all liabilit la therefor
 n. In. Witness Whereof, we hay ss hereuto set our hands and seal a \. this sth day of February A. D. 1911 ,r NJ. L. STEARNS, (SeaD r1 c. A. PHELPS, (Seal) m. W. L. EDWARDS. (seai.) a. Republic of Mexico. State of Sonor: ri. District of Arizpe, ss. ,r I Geo. A. WiswaIl, Counsular Agen r, of the United States of America g
 Cananea. Sonora, Mexico, do beren
 certify that on this Sth day ss 1 February, 4. D. 1911, before n nv personally appeared NJ. L. Stearns. ge A. Pheips, and w. L. Edwards, { m me personally known, and known [ cg me to be the individuals describe or. in, whose names are subscribed | nj and who executed the foregoing i Q, strument, and being informed i, me of the contents of said instrumen he duly acknowledged to me that the so executed the same freely and VC 10 untarily for the uses and purpose ow therein mentioned.
 of In Witness Whereof I have her ,v. unto set my hand and ofhcal se .tv the day and year last above write tol GEORGE A. WISWALL. nd Consular Fee Stamp $2.O0
 ,n cancelled.
 CT Consular Agent of the Unit nv States of America.
 .s- tConsular Seal.)
 to Filed ard recorded al request .o- C. !. McReynolds, Feb. 10, 1911, my g a. m., in Book Articles of re corporation. Pages 2O3 and 2O4 .cr sTocKHoLDERs MEETING m annual meeting of the stockhol
 ora of rha Rio Yaotif-A rfzona CoDDs