Graham guardian., 1912-10-04
property and shall be issued as fully paid for and
shall be forever worcestershire.
ARTICLE vi

property and shall be issued as fully paid for and
shall be forever worcestershire.
ARTICLE vi
The time of the commencement of this corpor-
alton shall be the date of the issuance to il of
certificate of incorporation by the Arizona Cor
poration Commission, and it shall terminate
twenty-five (25) years thereafter, unless renewed
in the manner provided by law.
ARTICLE VII
The affairs of the corporation shall be conducted
by board of not less than three more than
seven directors. who except as to its first incum-
bants named in the Articles of Incorporation.
shall be stockholders of this incorporation. Said
board shall be elected at the annual meeting of
the stockholders and shall serve for one year and
until their successors elected and qualified.
The annual meeting of the corporation shall be
held at such place and hour as may be prescribed
by the Bylaws of the corporation on the first
Wednesday in May of each year. Special meet
ings may be held at such time and place and in
such manner may be prescribed by the By
laws of the corporation. At all stockholders
meetings, each stockhoder shall be entitled to as
many votes as he shall hold shares of stock. ex-
cept that in the election of directors managers,
within the meaning of the words directors" and
managers used in Section 10 of Article Ii of
the Constitution of the State of Arizona the pro-
visions of said section shall apply Until the first
annual meeting and until their successors are
elected and qualified, the fol owing named per
! sons shall compose the board of directors: S. J
| Sims, S. George Sims and John Cluf. IL at any
time vacancy in the board of directors shall oc.
cur said vacancy may be filed by election by q
| majority vote of the remaining members of the
| board then in office. The members so elected tc
| All a vacancy shall serve during the unex pired
| term of their predecessors
ARTICLE VIII
The officers of this corporation shall be: A
| president, vice president, secretary and treas
| urer, who shall be elected by the board of direc
| tors Immediately after each annual meeting OF
| the stockholders of the corporation, and shal
hold Office for one year and until their successors
are elected and qualified. The office of secretary
and treas rrer may be held by the same person. il
| so determined by the stockholders. In the event
| of a vacancy in any of the before named office.
] the board of directors may fill the same by elec
| ton by majority vote. and the person so elected
| shall serve during the unexpred term of hi
predecessor. Additional Offices may be created
by the stockholders Of the corporation, and wher
| so created shall be filed and vacancies therein
| supplied in such manner as the stockholders b,
| resolution may prescribe The first officers of tn,
corportion shall be elected by the board of direc
tors at its first meeting which shall be held a
| soon practicable after the corporation II
| authorized to transact business under thes.
| Articles of Incorporation. and shall hold oific,
until the first annual meeting of the stockhoder
of the corporation and until their successors ar
elected and qualified.
| ARTICLE TX
| The highest amount of Indebtedness or labilit
direct or contingent, to which the corporation
at any time to subject itself is sl30.000.00.
ARTICLE
The private property of the stockholders Of tn