Bisbee daily review., 1913-03-29

dred Thousand (e0O, ,OO0) shares of the par value of Five ts5.0V) Dollars per share; which shares shall be and must be fully paid up at the date of the issuing thereof. and shall be for. ever non-assessable; but such stock may be paid for in money, services, property, rights. easements, priyi- liges or anything of value, and the judgment of the board of directors shall be forever conclusive, both as 10 actual value of the said stock and the consideration paid therefor, in the absence of fraud or any collusiye agreement.
 nv. The time of the commence ment of this cdrporation shall be when these articles of incorporation shall be filed for record in the office of the Corporation Commission of the State of Arizona, at Phoenix. Ari. zona, a certified copy there of re- corded in the office of the County Recorder of Cochise County. Arizona, at Tombstone, Arizona, in which county the principal place of business of the corporation is to be, and a cer. tificate of incorporation delivered to the corporation by the Corporation Commission of the State of Arizona.
 The corporation shall terminate twenty-five years from the said date. but it may be renewed from time to time, for periods not exceeding twen. ty-fYe years, upon the taking of the steps prescribed by law for such re- newal or renewals.
 V. The affairs of this corporation shall be conducted by a board of five directors, but the number constitut. ing the board of directors may be in creased or diminished by the vote oi the stockholders at any annual meet. ing or at any special meeting called for that purpose
 The first board.oi directors shall be elected al the frst annual meeting of the stockholders of the corporation, which shall be held at the principal place Of business of the corpor- ation, at Bisbee, Cochise County, Ari- zona, on the first Monday in Febru- ary, and the members of such board of directors shall be elected annually there after at such annual meeting, to be held on the first Monday in February, of each year.
 The officers of the corporation shall. be a President, yice-President, Secre. tary and Treasurer, and the latter two offices may be held by the same person.
 All vacancies in office may be filled by the board of directors and those elected thereto shall hold office un. til the next annual meeting.
 Those who shall serve as the board of directors until re arst an- uual meeting shall be har.ey 8. smith, Richard b. Nicholas, Joseph l. Cohn, John w. Meeker and John Erickson; and the officers to hold and serve until that time shall be Harvey $. Smith, President: Richard b. Mich olas, Nice-President, and Joseph l. Cohn, Secretary and Treasurer.
 VI. The highest amount of indebt. edness or liability, direct or contin. gent, 10 which this corporation shall at any time subject itself. shall, in no case, be more than Two Million (s2,00O,O O,O00.OO) Dollars.
 VII The private property of the stockholders of this corporation is hereby expressly made and declared exempt from all liability for corporate ] debts.
 IN WITNESS WHEREOF, We have hereunto set our hands this 2lst day of December, A. D. 1912.
 HARVEY 5. SMITH.
 RICHARD D. NICHOLAS,
 JOSEPH I. COIN.
 Cananea, Sonora, Mexico.
 Before me, Geo. A. wiswsn. a Con 1 sular Agent Of the United States of ! America, on this day personally ap | peaTed Harvey $. Smith, Richard D. | Nicholas and Joseph I. Cohn. person. 1 ally kncwH to me to be the persons whose names are subscribed to the foregoing instrument, and aclnowl | edged to me that they executed the same for the purpose and eonsidera- ton therein expressed.
 Given under my hand and seal of office this 21st day of December. A. D. 1912
 (Consuisr Sesl)
 American Consular Service
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 Fee Stamp T