Bisbee daily review., 1913-06-10

fairs and may from time to time amend the same. Fifty one per. cent Of the stock issued can recall any Direc- tor or other officer, and. a meeting of stockholders can be held at any time upon npon the Initiation and call of one director, provided he has the written sanction of majority of the outstanding stock, to call the same. which sanction must be shown at such meeting The three directors named in these Articles shall hold office until. 1 the first annual meeting of the stock. holders and until thair suecessors are elected; and, at such first an Enlal meeting three directors shall be elected, by the stockholders, and of 1 these three directors, one shall be elected for one year and another for tF'c years and the other for three } ears and but one director shall be elected annually thereafter.
 After the acquisition of the mining l property, belonging to Albert lief. fern, and which this company shall en- deagor to purchase, the board of di. rectors shall not subject the company 10 any indebtedness aggregating a sum over ten thousand dollars, except by vote of majority Of the out standing stock at a regular or special l meeting of the stockholders. Treasury stock shall at no time be voted: only issued stock is entitled to be voted and each share of outstanding stock l is entitled to one vote. Of the directors elected, one of them shall be elected 1 by the stockholders as General Man aSer of the properties os the company. ! hut in no case shall such Manager be 1 elected who is not a practical and ex- Teriencei miner and experienced in the management of mining property 1 No real estate belonging to the com parry CT upon which ir may have an | option, or in which it may have an | interest shall be sold, hypofhecated or i disposed of hy the directors or other officers, except it be by authority of 8 vote of a majority of the outstanding | stock or stock issued at a regular meeting of the stockholders or a spe- cial meeting thereof A majority of | the board of directors shall consti- tuts a quorum and the board of di- | rectors shall have power to fill any vacancy which may at any time exist in it's body.
 The highest amount of debt or lia- Diiity, direct or contingent, for which the corporation is at any time to sub ] sect itself shall. in TO case exceed the sum of three million dollars, and the stock of this corporation shall for ever be non-assessable.
 Private property is exempr from l the payment Of corporate debts. No more treasury stock shall be sold or disposed of than is necessary to place | the company upon a dividend paying tasis, at which time. the remaining stock in the Treasury, may be dis posed- Of as a dividend among the then shareholders; or used for the better r'5ent or the extension of the com uany's holdings, as is best in the opin! ion of the majority Of the stockholders at a regular CT special meeting of tk l stockholders.
 In Witness whereof. the said in- | corporators have hsregnto set their 1 hands and seals this the 18th day Of. May A. D. 1913.
 ALBERT HEFFERN (Sesl)
 ALBERT DAHLBERG, (SeaD State of Arizona
 )ss.
 Cochise County,
 Before me, Prank ". Goodbody, a Notary Public, in and fer sand county and state, on this day personally ap- peared Albert Hsffern and Albert Dahlberg, to me personally known to be the persons who subscribed the foregoing instrument. and acknowl. edged to me that they executed the same for the purposes and considera- tion therein expressed.
 Given under my hand and seal Of oFice this the 18th day of May 4. D. 1913.
 My commission expires Feb'y. 2Srd, l9I6.
 FRANK ". GooDBoDY, !
 Notary Public.
 Filed and Recorded at request of Allen R. English May sist 1913 at 9 a. n. Book Interpretations. Pages 5S, 59. 60, 6t.
 OWEN E. MURPHY,
 County Recorder. State of Arizona County cf Cochise. 1 ~
 fSffCA lRAlAAy t>He1h'7 CT in and for the County and State aforesaid. do hereby certify that the within instrument was filed for record at S o'clock. a. Ta. on this 3lst day of Stay 1919 ana duly recorded in Boo. To. C of Interpretations of Cochise County. Arizona. al pages 5S-6l.
 Witness my hand and official seal ,lsc day ans year first above written. CScal) a N OWEN H. MURPHY, |
 County Recorder.
 Filed in tho office of the Arizona Corporation 1lgfnmission this 20 day of May, A. D.S1e13. at 10:0O g. m. at request Of Allen R. English, whose rost office address is Tombstone, Ari- zona. ARIZONA CORPORATION CoMMiS-l i
 SION
 By W. P, GEARY. chairman.