Bisbee daily review., 1913-06-11

adopt Bylaws. rules and regulations for the management of corporate af- fairs and may from time to lime amend the same. Fifty one per cent of the stock issued can recall any Direc- tor or other officer, and. a meeting of stockholders can be held at any time upon upon the initiation and call of one. director. provided he has the written sanction of majority of the outstanding stock. to call the same. which sanction must be shown at such meeting. The three directors named in these Articles shall hold office until the first annual meeting of the stock holders and until thefr successors are elected; and, at such tirst an. nual meeting three directors shall be elected, by the stockholders, and Of these three directors, one shall be elected fer one year and another for two years and the other for three years and but one director shall be elected annually thereafter.
 After the acquisition of the mining property. belonging to Albert lief 'ern, and which this company shall en- deavor to purchase. the board of di rectors shall not subject the company 10 any indebtedness aggregating a sum oyer ten thousand dollars. except by vote of a majority Of the out standing stock at q regular or special meeting of the stockholders. Treasury stock shall at no time be voted; only issued stock is entitled to be voted and each share of outstanding stock s entitled to one vote. Of the directors elected, one or them shall be elected by the stockholders as General Man aSeT of the properties of the company. but in no case shall such Manager be elected who is not practical and ex. reTienced miner and experienced in the management of mining property. No real estate belonging to the com pary or upon which il may have all option, or in which it may have an interest shall be. sold, hypothecated or disposed of by the directors or other officers. except it be by authority of vote of a majority of the outstanding stock or stock issued at a regular meeting of the stockholders or a spe. Cial meeting thereof. 4 majority of the board of directors shall consti iuts a quorum and the board of di, rectors shall have power to fill any vacancy which may at any time exist in it's body.
 The highest amount of debt or lia. bility, direct or contingent, for which the corporation is at any time to sub. ject itself shall, in no case exceed the sum of three million dollars, and the stock of this corporation shall for. ever be non-assessable.
 Private property is exempt from the payment Of corporate debts. No more treasury stock shall be sold or disposed of than is necessary to place the company upon a dividend paying tasis, at which time, the remaining stock in the Treasury, may be dis | posed of as a dividend among the then shareholders; or used for the better rrsnt or the extension of the com pany's holdings. as is best in the opin- ion of the majority of the stockholders 1t . regular or special meeting of the stockholders.
 In Witness Whereof, the said in eorporators have hereunto set their hands and seals this the 18th day of May A. D. 1913.
 ALBERT HEFFERN (SeaD ALBERT DkFILBERG. fSeaL) State of Arizona
 )ss-
 Cochise County.
 Before me, Frank ". Goodbody. a Notary Public in and for sad county and state. on this day personally ap- peared Albert Heffern and Albert Dahlberg. to me personally known to he the persons who subscribed the foregoing instrumeHt, and aeknowl- edged to me that they executed the same for the purposes and considera- ton thesein expressed.
 Given under my hand and seai of ofice this the 1Sth day of May. A. D.
 Ny commission expires Feb'y. 23rd,
 FRANK ". GooDBoDY.
 Notary Public.
 Filed and Recorded at request of Allen R. English May 31st 1913 at a. n. Book 6 Interpretations. Pages 5S. 50. co, 6i.
 OWEN r. MURPHY. County Recorder. State of Arizona
 , County cf Cochise.
 !. Owen F. Murphy. County Record CT in and for the County and State aforesaid, do hereby certify that the within instrument was filed for record at 6 o'clock, a. m. on this 3ist day of Nay 1913 and duly recorded in Book No. ( Of Interpretations of Cochiso Codn,y, Arizona. at pages 5S-61.
 Witness my hand and official seal Inc day and year first above written. . CSeall E OWEN F. MURRHY. s County Recorder. Filed in the office of the Arizona Corporation Commission this 20 dag Of May. A. D. 1913. at 10:00 a. m. at request of Allen R. English, whose rost office address is. Tombstone, Ari zona
 {, ARIZONA CORPORATION coMMIs SION
 By W. P. cEARY, Chairman.