Bisbee daily review., 1912-10-20

HONtTo Ol tuG EOIpOfAliOn.
 ARTICLE III. The amount of capital stock of the Corporation shall be Three Hundred Thousand Dollars (s300, ,OOO.O0 al. vided into three hundred thousand shares of the par value of One Dollar ($100) each. which when issued shall be fully paid and non-assessable. Said capital stock shall be issued upon such terms and conditions and at such times as the Board of Direc tors may determine or prescribe; and the same may be issued in exchange for property, contracts, services or other benefits of any kind or charac- ter accruing to the corporation, as the Board of Directors may in their judg. ment determine.
 ARTICLE W.
 The time of the commencement of this Corporation shall be the date when a certificate of incorporation is issued to said corporation by the Cor. poration Commission of the State of Arizona, and the said corporation, un- less renewed, shall terminate twenty 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 shah be conducted by a Board of nine Di- rectors 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 the principal office of the Corporation, at Bisbee, COchise County, Arizona, on the third Tuesday of the month of November of each year, sad directors, when elected, shall hold office. until their successors are elected and qual. flied, and any vacancy fin the Board shall be filled by election by the re- maining members of the Board from among the stockholders of the corpor- ation, and shall serve until their sue cessors are elected and qualified.
 The Board of Directors shall have the power to elect, and appoint ana define the duties of, the officers, agents, and employees of the corpor- atiOn; at any general or special meet ing to adopt bylaws for the corpora ton, and to amend, repeal or rescind the same; and when authorized by the affirmative vote of a majority of the issued and outstanding capital stock of the Corporation, convey, sell, oFI otherwise dispose of all of the assets of this Corporation; or to lease or mortgage all of the assets of this company, and to sell, convey or other. yayfE n, whole of the corporate assets of this corporation without such authority. Until the first annual meeting of the stockholders in 1912, or until their successors are elected and qualified. the following named persons shall con stitute the Board of Directors of this Corporation, viz: A. L. Engels, T. r. Field, R. T. w. Moss. M. w. Mitchell and E. E. Whiteley, and said persons are hereby given the power to elect by a majority vote not more than four additional directors if they see fit The persons so elected shall serve until the first annual meeting of stock. holders, or until their successors are elected and qualified.
 The officers of this Corporation shall be a President. Vice President, Sec retary and Treasurer, together with such additional officers as the Board of Directors may deem necessary, provided, however, that the offices of Secretary and Treasurer may be held by one and the same person.
 ARTICLE VI.
 The highest amount of indebtedness to which the Corporation shall at any time subject itself is Two Hundred Thousand Dollars (s20O. .0O0.00).
 ARTICLE VII.
 The private property of the stock. holders ard officers Of this Corpora ton shall be exempt from all and any liability for its corporate debts
 IN WITNESS WHEREOF said cor rorators have hereunto set their hands and executed these presents, this f2th day of September, A. D.. 1912.
 A. J. BALMFORTK,
 A. L. ENGELS.
 R. T. ". MOSS.
 STATE OF ARIZONA
 )ss.
 COUNTY OF COCHISE
 Before me, NJ C. High. a Notary Public in aud for the County of Co- chise, State of Arizona, on this day personally appeared A. J. Balmfortb, A. l.. Engeis and R. T. W. Moss. known 10 me to be the persons whose names are subscribed to the foregoing instru- ment, and acknowledged .o me that they execiFsd the same for the ps5r- pose and consideration therein ex. pressed.
 Given under my hand and seal of office this 18th day of September. A, D.. 1912
 tNotarial Seal-l M. C. HIGH.
 Notary Public 1 My commission expires Feb. 17th, 1916.