Arizona republican., 1913-01-11

issued unlll lHe par Ndlue lHeicol shall have been fully paid, and all subscriptions for stock shall be pay able on demand or within Ninety (90) days from the date of such subscrip- tions.
 SECTION 3. No stock shall be issued to or be held by any person, company corporation partnership or association other than local, branch, lodge other regular sub division of a labor union or the socialist party in good standing, or member in good standing of any such local branch lodge or sub division or a labor un- | ion or the socialist party. SECTION 4. No person shall at any time, acquire hold or own more
 than twenty shares of the stock of
 the corporation and no local. branch ! lodge, or other sub division of any 1 iabr union or the socialist party shall
 at any time, acquire, hold or own 1 more than one hundred shares of the 1 stock of the corporation. l SECTION 3. Whenever any person
 or any local branch, lodge. or sub division of labor union of the so
 cialist party shall acquire more than l the number of shares of the stock | of the corporation than is herein permitted to be held by any such ! person, lodge, branch, or sub division
 the excess of such stock acquired and
 held shall thereupon be forfeited to ] the corporation and shall become the property of the corporation upon
 the payment to the holder thereof
 the par value thereof.
 SECTION 6. The right of stock | holders to vote upon any proposition, | except for directors or managers of l the corporation, shall be limited to
 one vote to each individual stock
 holder, and to one vote for each . twenty shares or major fraction of twenty shares, held by each local branch, lodge or sub b-dvisiOn of labor union or, the socialist party. 7 Article V. i SECTION l. The time of the com
 mencement of this corporation shall
 be the sixteenth day of January, 1913,
 and the termination thereof shall be
 twenty-five years thereafter. but it | may be renewed from time to time as provided by statute.
 Article VI : SECTION L The affairs of the , | corporation are to be conducted by . board of directors and such other :, officers and agents as it may from ;, time to time appoint
 r SECTION ?. The board of direct = ors shall be composed of fifteen U5), : members, each of whom shall be a g stockholder of the corporation. e SECTION 3. The members of the Q board of directors are to be elected : at the annual meetings of the stock
 holders of the corporation. which
 said annual meetings shall be held on . the first Monday in May in each e year. and until the first annual meet
 ing the members of the board of V directors shall be J. C. Provost, Bert s. Davis, George Simons, Charles s. K Aune A F. Mott, John w. Martin, st R. N Moorehead, J. l.. Milton, Mich |: ols Edwards, Charles Brady, Charles la Blake. w H. Clay, Felix Stromberg. t, J. J. Corrigan and w. s. Bradford. X. SECTION 4. Memebers of the tn board of directors and all officers J and agents of the corporation shall t, qualify in such manner as may be s prescribed in the bylaws of the cor K poration. and members of the board st of directors. when elected and quail V fled, shall hold office until the elec- an ton and qualification of their sue
 cessors. unless sooner removed from
 office by recall by the stockholders. r. or by death or resignation. or by K teasing to possess the qualifications N. of such officers as herein stated. ss SECTION. ,. The manner of ex- X ercising the right of recall and fill la ing vacancies on the board of di-
 rectors shall be prescribed in the by of laws of the corporation. S. SECTION 6. The power to enact
 bylaws for the government of the nd corporation and to amend the same v- is hereby especially reserved to the ss, stockholders of the corporation, bu1 ms the board of directors is hereby id granted power to enact bylaws, mol nd in conflict with those enacted by thu es stockholders, and to amend or repea nd the same but the board of director: ral shall have no power to amend or re si- peal any bylaw enacted by the stock ge holders and the stockholders shal or have the power to amend or repea or any bylaw enacted by the board 0 ,in directors.
 or Article VII. n- SECTION l. The highest amour nd of indebtedness or liability, direct o ms contingent except deposits in cas- n- the corporation SIldll engage ny LII sei banking business) to which the cor try poration is at any time to subjec ses itself is Sixty Thousand ($60,000 ,on Dollars
 Article VIII.
 md SECTION l. The private propert CT Of the stockholders, and of each 0 ass them. is to be and shall be exemp
 from the corporate debts. md In witness whereof we have here on- unto set our hands this Eth day c Ills, January, A. D. 1913.
 abt J. c. PROVOST
 or BERT DAVIS )sit J. l.. MILTON ,in. JOHN J. CORRIGAN to GEO. SIMONS stic A F. MOTT ion, CHAS S AUNE
 Of l