Bisbee daily review., 1912-08-01

CD To remInerate any person or corporation TOT servlces 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 Of 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 (kD. 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 exef- else ail the powers conferred upon corporations by the laws of the State of Arizona, it being hereby express ly provided that the foregoing enum- eration of specific powers shall not be held 10 limit or restrict in any manner the powers of the corpora ton.
 ARTICLE III
 The amonnt of the capital stock of this corporation shall be One Mil lion t$1.000 00O.O0) Dollars, divided into One Hundred Thousand 1OO.- 000) Shares of the par value of Ten (Sl0.00) Dollars each, which, when issued, shall be fully paid and non assessable. Said capital stock shall be issued upon such terms and con. ditions and at such 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 any kind or character accruing 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-hve years thereafter: but the same may be renewed from time to time, as now provided by law. so as to make the same perpetual.
 ARTlCLE V
 The affairs Of this corporation shall be conducted by a board of seven CD 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 and employees of the corporation; at any general or specia! meeting to adopt bylaws for the corporation, and to amend, repeal or rescind the same: and when authorized by the afirma- tive vote of a majority Of the issued
 
 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 Dun, J. F. Clark J. c. Phil. lips, O. k. Black, and Ben D. Cooley, and said persons are hereby given 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 annual meeting of stockholders. or until their successors are eiected and qualified.
 The officers of this corporation shall be a President, Vice President, Secretary, and Treasurer, together with such other additional officers as the Board of Directors may deem necessary; provided, however, that 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 Sixty-Six (S666, ,666.O0) Dollars.
 ARTICLE VII
 The private property of the stock holders and officers of this corpora tion shall be exempt from all and any liability for it's corporate debts. IN WITNESS WHEREOF, said cor porators have hereunto set their hands and executed these presents this 19 day of July A. D., 1912. (Signed)
 OWEN DUFF.