Bisbee daily review., 1913-07-23

NttSp fht Sdihts 10 noITcW money ana execute notes. bonds, mortgages or deeds of trust to secure the same; to conduct general retail and whole sale iewelry business and a general mercantile and merchandise business .n any and every nature and in every way that may be decided upon from time to time by the Directors. and in iurtherance thereof the Board of Di. reetors shall have power. upcn thsI affirmative vote of 2 majority thereof| 10 issue notes, bonds. and other eyi dences of indebtedness of the Com. pany, and EecuTe the payment of the came by mortgage or bond on any or all of the property of the Company, without the previous consent or sub sequent ratification of the stockhold. i CTS thereof.
 V
 The authorized araount of the capi tai stock of this corporation shall fbe twenty-five thousand dollars CS25.. O00,00) divided into twenty-five thou sand (25,0O0) shares of the par value of one dollar (sI,Oa) each. At such time as the Board of Directors may by re0olution direct, said capital stock shall be paid into this corporation. either in cash or by the sale and trans fer to it of real or personal property. for the uses and purposes of this cor pratiOE, in payment for which shares of the capital stock of this corporation may be issued, and the capital stock of this corporation thereupon and thereby become and be fully paid UP and non-assessable, and in the absence of actual fraud in the transaction, the judgment of the Directors as to the value of the property purchased shall be conclusive
 VI
 The time of the commencement of this corporation shall be tine date oi the issuance to it of a certificate of incorporation by the Corporation Com mission of Arizona. and the termina- tion thereof shall be twenty-five (25) years thereafter.
 VII.
 The affairs of this corporation shall be conducted by a board of not less than three nor more than five direct. CTS. who shall have full power to mort gage or sell any or all Of the property of this company without the previous consent or subsequent ratification of the stockholders thereof. The exact number of Directors to act for any year may be determined by the Di- rectors at any regular meeting. There. after the Board of Directors shall be elected from among the stockholders on the third Tuesday in July of each rear, on which day the annual stock holders meetings shall be held. The officers Of this company shall be a pres ident. vice president, secretary and treasurer and General Manager. and such ether officers as the Board of D., rectors may by resolution direct Any two offices may be held by the same person.
 VIII.
 Until the first election of Directors herein, the following named shall con stitutn the Directors of this Company. namely: Charles Ii. Howe, John l.. Fish. Mary E. Howe and Frank w Dosn.
 Until the first election of officers shall he held, the following named shall constitute the officers of the Com pany. namely: Charles H. Howe President and General Manaeer: John E. Fish, Vice President: Frank w.. Doan, Secretary and Treasurer. K
 The highest amount of indebtedness or liability, direct or contingent, to which tbis corporation shall at any time subject itself shall be six thou sand five hundred dollars (S6,5090O) 1 which amount does not exceed two, thirds of the amount of the capital stock.
 The private pTopsrty of the stock holders of this corporation shall be exempt from corporate debts of any kind whatsoever.
 IN WITNESS WHEREOF, we have hereuhto set cur hands and seals this 1st day Of July. 1913.
 A. SMITH.
 FRANK w DOAN, STATE or ARIZONA, COUNTY OF COCHISE,
 Before me. A. Y. Wright, a Notary Public in and for the county and state aforesaid. on this day personally ap- peared A. Smith and Frank w Doan. known to me to be tLs persons whose names are subscribed to the foregoing Instrument, and acknowledged to me that they executed the same for the purposes and considerations therein expressed.
 Given under my hand and seal of Of fee this 1st day of July. 1913.
 A. Y. WRIGHT,
 Notary Public
 My commission expires Febru9ry IS. ] lalE