Bisbee daily review., 1912-08-02

corporation TOT seryices rendered, in | placing. or assisting to place, or guar l anteeing the placing of any of the ! shares of stock Of the corporation, or any debentures or other securities Of i the corporation, or in or about the formation or promotion Of the corpor ation, or in the conduct of it's bust 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, t 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 ton.
 ARTICLE III
 The amount of the capital stock of this corporation shall be one Mil lion ($1 .0O0. .000.0O) Dollars, divided into One Hundred Thousand (100.- 000) Shares of the par value of Ten ls10.0A) 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-five 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 V
 The affairs Of this corporation shall | be conducted by board Of seven (a) | directors. who shall be elected from among the stockholders annually, at ! the annual meeting thereof The an nual meeting of the stockholders of ! this corporation shall be held at i 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 1 employees Of the corporation: at any | general or special 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 | and outstanding capital stock of the 1 corporation, to lease, mortgage. sell ] convey, or otherwise dispose of all of | the assets of this corporation; or to i 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 1 the stockholders. in 1913, or until 1 their successors are elected and | qualified, the following named per l sons shall constitute the Board Of ! Directors of this corporation, viz: Owen Dun, J. F. Clark, J. c. Phil. ! lips, O. R. Black, and Ben D. Cooley,
 and said persons are hereby given | the power to elect by majority vote l not more than two additional diTec- ! tors, if they see it. The persons so l elected shall serve until the first | annual meeting of stockholders. or
 until their successors are elected and i qualified
 ! The officers of this corporation | shall be a President, Vice President. i Secretary, and Treasurer. together i 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 656.00) 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 porators have hereunto set their hands and executed these presents ! this l9 day of July A. D., 1912.
 (Signed)
 OWEN DUFF.
 ! u HTAHIC