The Coconino sun., 1914-04-03

day these articles are filed, in accordance with law. and the ter imitation thereof shall be twenty five (25) years thereafter, with privilege of renewal, as provided by law.
 Article VII.
 The affairs of this corporation shall be conducted by board of directors, consisting of three (9 persons, and such officers as the board of directors may elect and appoint, such directors and off, cers to be elected on the second Monday of January, A. D., 1915, and annually on the same day and month thereafter. or at any ad- journed meeting thereof. for a term of one year, and until their successors are elected and quali- fled. Vacancies in the board of directors to be filled by special meeting of stockholders called for that purpose. Until the election of said directors and officers at the first meeting of the stock holders of said corporation the following named persons shall be and constitute the board of direc- tors:
 Fred Hensing. M. T. Hensing and M. J. Aubineau.
 Until such board of directors shall have been elected at the regular annual stockholders meet ing of this corporation, the off, cers of said board of directors and of this corporation, shall be the following named directors: Fred Hensing. President, M. T. Hensing, Vice-President and M. J. Aubineau, secretary and treasurer.
 ARTICLE VIII
 The highest amount of indebte . ness or liability. direct or con- tingent, to which this corporation shall at any time subject itself, or for which it may become liable. shall not exceed the sum of two- thirds of the par value of its au- thorized capital stock.
 ARTICLE
 Private property of the stock holders of this corporation shall be forever exempt from liability for its debts or obligations.
 In Witness Whereof, we have hereunto affixed our signatures and seals this 19 day of February, A. D., 1914.
 Fred Hensing [Seal] M. T. Hensing [Seal] M. J. Aubineau [Seall State of Arizona. ss
 County of Coconino, ''' Before me, c. B. Wilson, notary , public in and for the County of ! Coconino. State of Arizona, per- sonally appeared Fred Hensing, M. T. Hensing and M J. Aubineau, all personally known to me to be the persons whose names are sub- scrited to the foregoing instru- l ment. and acknowledged to me that they executed the same for the purposes and considerations therein expressed.
 Given under my hand and seal of office this l9 day of February A. D., 1914.
 Notarial c. B. Wilson,
 1 Seal Notary Public. My commission expires Feby. 23, 1916.
 Filed in the office of the Ari. zona Corporation Commission this 2l day of February A. D., 1914. at l0:00 a. m., at request of c. B. Wilson, whose postoffice address is Flagstaff, Arizona. Arizona Corporation Commission By w. P. Geary. Chairman. County ctsaa y, of es,eonh, coeonino, ss,
 l, Dan J. ''ronin. county re- corder in and for the county and state aforesaid, do hereby certify that the within instrument was filed for record at l :45 o'clock, p. m.. on this 24th day of Feb. A. D., |, 1914. and duly recorded in book No. 2 of Articles of Incorporation. records of Coconiro county, Ari- zona, at pages 170 ct seq.
 Witness my hand and official seal the day and year first above written.
 Dan J. Cronin, Recorders SeaD County Recorder. E.L A~.I