Arizona republican., 1912-02-15

Board " Directors shall determine
and direct
ARTICLE "
The time of the commencement Of
this corporation shall be the date of
the filing Of these Articles OF Incor-
porat!on in the office OF the County
Recorder of Maricopa County. Ari-
IONA, and a certified copy thereof in
the office of the Auditor of Arizona.
and the termination thereof shall be
twenty-five years thereafter, but the
same may be renewed and extended
TOR like periods perpetually
ARTICLE V.
The affairs of this corporation shall
be conducted be- a Board OF Direc-
tors and such officers as said Board
may elect and appoint The Board
of Directors shall consist of not less
than three 80 nor more than nine
80 directors. each of whom shall be
g stakeholder. ANY director ceaSing
l. BE- a stakeholder thcreupon imme-
diatcly ceases 70 be a director. The
number o. directors shall be deter
mined by the stockholders holding the
common stock. and shall be elected
from among the stockholders by the
stockholders holding the common
stock at the annual meeting of stock
holders, which shall be held on the
second Wednesday in January Of each
Year. in the manner provided in the
bylaws or as may be determined At
such meetings
Urtil otherwise determined the
number Of directors shall be three 80
and until the annual meeting To be
held in January. 1913. or until their
successors shall be sooner elected.
the following persons shall he direc-
tors. Az. {. l. Baron, f. l. Man
ming and J. L. Olsen.
In furtherance and not in limita-
ton Of the powers of the Board of
Directors conferred by law the said
Board IS hereby expressly authorized
and empowered To. by election or ap-
Pointmcnt as the ease may require.
Iill all vacancies that may occur
either in the Board of Directors or
any office or officer of the corpora
ton for the uneXpired term Of such
director or officer; t. have one or
more offices and To keep the books
and records and seal and hold th-
meetings Of the corporation and per
form al corporate acts at such places
as said Board may determine and di-
rect: 10 fix the time for declaring
and paying dividends: to authorize
and cause To be executed notes. war
rants. and payments of dividends; To
authorize notes. bonds. debenturcs,
stipulations. certificates of deposit.
stock certificates. trust certificates
and agreements. mortgages. deeds.
ard deeds of trust, liens. releases OF
mortgages and other liens. convey
anccs. assignments. contracts. powers
OF attorney, appointments. recogniz-
ances. Notifications. acknowledgements,
Qualifications. affidavits. and any and
all other kinds Of appointments of
agents attorneys and employees, and
any and all other kinds of instru-
ments in writing whatsoever. and To
sell. assign. transfer. grant convey.
distribute. deliver. or otherwise dis
pose of any or all of the property real
or personal OF the corporation and
to acquire in any manner whatsoever
any and all kinds of property that
said Board may deem proper and adj
Visable for said corporation; and
when so authorized the SAME shall
become and be the voluntary act and
deed of the corporation; to elect the
officers and employees and appoint
all necessary agents. attorneys. serv
ants. employees and labOrers of every
kind for said corporation and To fix
and determine and cause To- he paid
the compensation for services. rem
dered or To be rendered. by the di-
reCtors. officers. appointees, attor
neyS. agents. servants. and labOrers
Of the corporation; and TO fix and
determine. demand. collect and re-
ccive payment for all services rem
dered by the corporation for others
and the purchase price of all property
of the corporation sold and disposed
of: to make. establish. alter. amend.
repeai or rescind all bylaws. rules.
regulations and orders of the corpor
alton.
BY resolution to appoint two or
more of their number to constitute
an executive committee which COM