Bisbee daily review., 1913-07-20

 deeds of trus; to secure the same; to conduct Q general retail and whole sale iewelry business and a general | and merchandise business l in any and every nature and in every way that may be decided upon from l time to time by the Directors; and in | furtherance thereof the Beard of Di- 1 rectors shall have power, upcn the affirmative vote of a majority thereof to issue notes, bonds, and other evi- dences of indebtedness of the Com papy, and secure the payment of the same 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 CTS thereof.
 V.
 The authorized amount of the capi- tai stock of this corporation shall be twenty-five thousand dollars iS25,- COG 001 divided into twenty-five thou sand (25,000) shares of the par value of one dollar tS1,00) each. At such time as the Board of Directors may by resolution 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 pration, in payment for which shares Of the capital stock of this corporation may he 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 l be conclusive
 VI.
 The time of the ccmmencement of this corporation shall be the date oi | the issuance to it of a certificate oi incorporation by the Corporation Com mission of Arizona and the termina- | ton thereof shall be twenty-five (25) years thereafter.
 The affairs of this corporation shall l he conducted by a board of not less ] than three nor more than five direct, ! urs, who shall have full power to mort gage or sell any or all of the property | of this company without the previous 1 consent or subsequent ratification Of
  | number of Directors to act for any i year may be determined by the Di ' recto-s at any regular meeting. The~e' 1 after. the Board of Directors shall be | elected from among the stockholders on the third Tuesday in July of each year. on which day the annual stock holders meetings shall be held. The l officers of this company shall be a pres ident, yice-president, secretary and treasurer and General Manager. and such other officers as the Board of Dl rectors nay by resolution direct Any two offices may be held by the same 1 person.
 VIII
 Until the first election of Director herein, the following named shall con stitutn the Direct tors of this Company I namely: Charles F. Howe, John F. Fish, Mary E. Howe and Frank " Doan.
 1 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 Manager: JohI E. Fish, Vice President; Frank W Doan. Secretary and Treasurer.
 TX , The highest amount of indebtedness or liability, direct or contingent, t : which this corporation shall at aal . time subject itself shall be six thou r sand five hundred dollars (s6,500.0G) which amount does not exceed two thirds of the amount of the capita stock.
 The private property of the stocE f holders of this corporation shall D exempt from corporate debts of an kisd whatsoever.
 fl IN WITNESS WHEREOF, we hav hereuIto set crT hands and seals thi 1st day of JuIy 1913.
 X. SMITH. ii FRANK " DOAN, ' STATE or ARIZONA, ) , | COUNTY OF COCHTSE, fl Before me. A. Y. Wright Notar ;, Public in and for the county and stat aforesaid. on this day personally aI 2 l peared A. Smith and Frank W. DoaT known to me to be the persons who's names are subscribed to the foregoinI S .nstfument aud 'acknOweltged tO m ( that they exesuted the same for tn purposes and considerations therei expressed.
 Given under my hand and seal Of ol - flee this lst day Of July. 1913.
 A. Y WRIGHT, Il Notary Public My commission expires Februsry 1t } 1916
 D Filed in the office of, the Ariz2n [ Corporation Commission this 9th da [ Of July. A. D. 1913. at f0.00 a. m. a ,. regnest Of DOAN e DOAN. whose pos office address is Douglas. Ariz. '- ! ARIZONA CORPORATION COMMIs l SION.
 D By ". P. GEARY.
 Chairman,