Arizona republican., 1913-01-10

shall have been fully paId, and all subscriptions for stock shall be pay able on demand or within Ninety (9O) days from the date of such subscrip- tions.
 SECTION g. No stock shall be issued to or be held by any person, company corporation partnership or association other than a local, branch, lodge or other regular sub division Of labor union or the socialist party in good standing, or a 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 labr union or the socialist party shall at any time. acquire, hold or own more than one hundred shares of the stock of the corporation.
 SECTION ,. Whenever any person or any local, branch, lodge or sut- division of q labor union of the so- cialist party shall acquire more than 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 :he excess of such stock acquired and held shall thereupOn be forfeited to he corporation and shall become the property of the corporation upon the payment to the holder thereof l the par value thereof.
 l SECTION G. The right of stock l holders to vote upon any proposition. l except for directors or managers of l the corporation, shall be limited to one vote to each individual stock 1 holder, and to one vote for each 1 twenty shares, or major fraction of l twenty shares, held by each local branch, lodge or sub division of | labor union or the socialist party. i Article V.
 1 SECTION l. The time of the com
 mencement of this corporation shall 1 be the sixteenth day of January, 1913,
 and the termination thereof shall be 1 twenty-five years thereafter. but it may be renewed from time to time as provided by statute.
 | Article VI l SECTION l. The affairs of the corporation are to be conducted by a board of directors and such other 1 officers and agents as it may from time 10 time appoint.
 SECTION ?. The board of direct
 ors shall be composed of fifteen U5). members. each of whom shall be a stockholder of the corporation. SECTION 3. The members of the 1 board of directors are to be elected
 at the annual meetings of the stock he XNrIli said annual meetings shall be held on the first Monday in May in each
 year. and until the first annual meet ing the members of the board of directors shall be J. c. Provost. Bert
 Davis, George Simons, Charles s.
 Aune, A F Mott. John w Martin,
 R. N Moorehead, J. l.. Milton, Mich
 Ols Edwards, Charles Brady, Charles
 Blake, w. H. Clay, Felix Stromberg. iJ J. Corrigan and w. z. Bradford
 SECTION 4. Memebers of the
 board of directors and all officers
 and agents of the corporation shall qualify in such manner as may be prescribed in the bylaws of the cor potation, and members of the board Of directors. when elected and quail fled, shall hold office until the cleo
 ton and qualification of their sue cessors, unless sooner removed from office by recall by the stockholders, or by death or resignation, or by
 Ceasing to possess the qualifications
 of such officers as herein stated. SECTION .. The manner of ex
 ercising the right of recall and fill ing vacancies on the board of di-
 rectors shall be prescribed in the by : laws of the corporation
 1 SECTION 6. The power to enact
 bylaws for the government of the corporation and to amend the same,
 is hereby especially reserved to the stockholders of the corporation. but the board of directors is hereby granted power to enact bylaws, not l in conflict with those enacted by the } 1 stockholders, and to amend or repeal the same but the board of directors shall have no power to amend or re- peal any bylaw enacted by the stock holders and the stockholders shall have the power to amend or repeal r any bylaw enacted by the board of directors. r Article VII. SECTION l. The highest amount l of indebtedness or liability. direct or s contingent (eXcept deposits in case the corporation shall engage in the , banking business). to which the cor ' pOration is at any time to subject s itself is Sixty Thousand ($60,000) T Dollars.
 Article VII. 1 SECTION l. The private property Of the stockholders, and of each of s them. is to be and shall be exempt
 from the corporate debts. | In witness whereof we have here unto set our hands this 7th day of ,, January, A. D. 1913.
 [, J. c. PROVOST r BERT DAVIS t J. l.. MILTON ], JOHN J. CORRIGAN O GEO. SIMONS c A F. MOTT I. CHAS g. AUNE f NICHOLS EDWARDS