Bisbee daily review., 1912-07-28

tg) TO TSmnuefate any person pN. corporation TOT serylces rendered, in placing. or assisting to place, or guar anteeing the placing of any of the shares of stock of the corporation, or any debentures or other securities ot the corporation, or in or about the formation or promotion of the corpor. ation, or in the conduct of it's busi- ness.
 (k) Subject to the provisions of law, to purchase, hold, sell and re- issue the shares Of capital stock of this or any other corporation.
 The foregoing clauses, (a) to (k). inclusive. shall be construed both as objects and powers.
 In general, to carry on any other business in connection with the foregoing whether manufacturing or otherwise, and to have and to exer- else all the powers conferred upon corporations by the laws of the State of Arizona, 1t being hereby express ly provided that the foregoing enum. eration of specific powers shall not be held to limit or restrict in any manner the powers of the corpora tion.
 ARTICLE III z. The amount of the capital stock of this corporation shall be One Mil-- lion ($1 ,O00. .O0OOO) Dollars. divided into One Hundred Thousand (IO0,-s 000) Shares of the par value of Ten Cs1HOO) Dollars each, which, when issued, shall be fully paid and non assessable.f Said capital stock shall be issued tupon such terms and. con. ditions and at shch times as the | Board of Directors may determine or | prescribe; and the same may be is- sued in exchange for property, con | tracts, services or other benefits of i any kind or character aecruing to the corporation, as the Board of Directors may, in the exercise of their judg- ment, determine
 ARTICLE ". | The time of the commencement of this corporation shall be the date | when a certificate of incorporation is issued to said corporation by the | Corporation Commission of the State of Arizona, and the said corporation, unless renewed, shall terminate twen- ty-fye years thereafter; but the same may be renewed from time to time, as now provided by law. so as to make the same perpetual
 ARTICLE Y
 The affairs of this corporation shall be conducted by a board of seven (7)f f directors who shall be elected from among the stockholders annually, at. the annual meeting thereof. The an- ndal meeting of the stockholders of this corporation shall be held at the principal office of the corporation, at Bisbee, Cochise County, Arizona. on the second Monday of April of each year. Said directors. when elected, shall hold office until their successors are elected and qualified. and any vacancy in the Board shall be filled by election by the remain ing members Of the Board from among the stockholders of said corporation.
 The Board of Directors shall have power to elect or appoint and define the duties Of the officers, agents ani employees of the corporation; at any general or special meeting to adopt ] bylaws for the corporation, and to amend, repeal or rescjnd the same; and when authorized by the afirma- tive vote of majority of the issued and outstanding capital stock of the l corporation, to lease, mortgage sell, convey, or otherwise dispose of all of the assets of this corporation; or to lease, mortgage, sell. convey. or oth- erwise dispose of, any part less than the whole of the corporate assets of this corporation without such au thoEity
 Until the first annual meeting of the stockholders. in 1913, or until ] their successors are elected and | qualified, the following named per- sons shall constitute the Board of Directors of this corporation. viz: Owen Duff, J. 2. Clark, J. c. Phil lips, O. R. Black, and Ben D. Cooley, and said persons are hereby given 1 the power to elect by a majority vote not more than two additional direc- tors, if they see fit. The persons so | elected shall serve until the first i annual meeting of stockholders, or until their successors are elected and qualified.
 The officers of this corporation shall be President, Vice President. | Secretary, and Treasurer, together with such other additional officers as | the Board of Directors may deem | necessary; provided, however, that i the offices of Secretary and Treasur- CT may be held by one and the same person.
 ARTICLE VI
 The highest amount of indebted ness to which this corporation shall at any time subject itself is Six Hun. dred Sixty-Six Thousand, Six Hun dred SixtySix (se66, ,666.OO) Dollars.
 ARTICLE VII
 The private property of the stock holders and officers Of this corpora | ton shall be exempt from all and any liability for It's corporate debts.
 IN WITNESS WHEREOF, said cor l porators have hereunto set their hands and executed these presents | this IS day of July A. D., 1912 | (Signed) I
 OWEN DUFF.