Bisbee daily review., 1911-04-22

in the case of all stock issued for less than it's par value. the difference 1 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 a copy Of these articles. certified to the recorder of Cochise county, Arizona. 10 be a copy of these original articles theretoforel fled in the office of the said County ] recorder. shall be filed for record ! with the Territorial AJslitor Of sal Territory Of Arizona. and the time Of it's termination shall be twenty i've years thereafter.
 VI.
 The affairs of the corporation shah be conducted by a Board Of not less t4an five nor more than eleven Di- lrectors. The number of directors who stali act dlring the ensuing corpor ] ate year shall be fixed by. and they shall be elected from among thel i stocknoiders at their annual meeuaS to be held on the second Saturday in January. 1912. and on the secoEd saturday in January of each yearl thereafter, and shall hold their office tor ore year, and until their sue cessors are elected and qual6ed. Un- tn the first annual meeting of thel stockholders, the Board of Directors shall be: NJ. L. Steafns, c. A. Phelps w. L. Edwards, C. l. McReynolds, E b. Johnson, o. " Burns ana nenrs tan. who shall hold office unu their successors arc elected and quai- iaed.
 As soon as may be after the eer-I tined copy Of these articles Is filed Tor record with the Territorial Aud itor. the said Board of Directors stal hold it's first meeting at Bis bee. Arizona. and the presence of Q majority of the said Directors at said meeting shall be a vand quorum ioi the transaction Of business. whether the absent directors shall have haa notice or not of such meeting. At said first meeting the Board of Di- ] rectors shall organize the corpora ton and elect its officers and pro vide for and direct the Issuance of it's capital stock. or 8 part thereof land transact any other business with lin the power of said Board
 The Board or Directors shall adon, htlows. and may amend Or repem lthe same as may be provided in slch bylaws. but f~e stockholders may at any annual meeting or at any | special meeting called for that pur- i rose. amend or repeal such Dy-iaws. or adort new or additional bylaws.
 The officers of the corporation shah consist of a president first and sec ond vice presidents. secretary, an treasurer. and such other officer as may be provided for in the b. laws. who shall be elected by the Board Of Directors. and the presi dent. first and second vice presidents. { and secretary shall be elected from among their own number Any va ! cancy in the Board shall be filled for } the unexpired portion of the term | by election by the remaining mem bers of the Board.
 VII.
 The highest amount of indebted. , ness or liability to which the cor poradon shall at any time subject itself. is the sum or two nunGre, and fifty thousand dollars
 VII.
 The stockholders and their private property shall be exempt from the
 corporate debts and all liability therefor
 | In Witness Whereof, we have | hereuuto set our hands and seals i, this Sth day of February A. D. 1911. l N. L. STEARNs, (SeaD ] c. 4. PHELPS, (Seai) Ii W. L. EDWARDS, (Seai.) Republic of Mexico, State of Sonora. District of Arizpe. ss.
 I Geo. A. Wiswan, Counsular Agent r of the United States of America at Cananea. Sonora, Mexico. do hereby 1 certify that on this sth day cf | February. A. D. 1911, before me 2 personally appeared M. l.. Stearns, C. } A. Pheps, and w. L. Edwards, to me personally known, and known to \ me to be the individuals describen in. whose names are subscribed to. i and who executed the foregoing in q strument, and being informed bf ] me of the contents Of said instrument, , duly acknowledged to me that they ], executed the same freely and vol untarily for the uses and purposes ' therein mentioned.
 II In Witness Whereof have here : unto set my hand and official seal ' the day and year last above written GEORGE A. wISwALL. l Consular Fee Stamp $2.00 ! cancelled
 ; Consular Agent Of the Unite, r States of America.