Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1915-01-07

be permissible under the laws If
Arizona
That the amount of the capital
stock of this corporation which is
authorized is the sum of one Hun
dred Thousand Dollars (SI0O, OO0. 0a),
divided into one Thousand Q000)
shares of the par value Of One Hun
dred Dollars Sl0000l each: and that
Of this amount the sum of Fifty
Thousand Dollars $3.50 000 .0O) Dollars
is To be subscribed at the date here
of and is to be paid for in cash 1t
/ the par value thereof on or before
the lst day of January. 1915, or be-
fore this corporation shall apply for
a license to engage in the business
Tor which it is organized: the amount
/ of the capital stock not thus sub
scribed and paid for shall remain
unissued until such time or times as
the corporation shall direct, through
regular meeting Of the stockh0ld-
ers, or Il special meeting called for
that purpose, provided, such author
ization shah receive the vote of the
majority of stock as shown by the
records of the corporation
That the time Of the commencement
Of this corporation shall be the date
of the fling OF its articles of incorpora-
ton in the office of the Corporation
Commission OF the state and the time
Of its termination or expiration shall
be Twenty five go years thereafter.
VI
That the affairs Of this corporation
are to be conducted by a Board of
Directors Of not less than Five 90
or more than Nine 90 members, each
Of whom shall be stakeholder of
the corporation The above named
corporations shall constitute the Board
Of Directors until the first annual
meeting of the Stockholders as here
matter provided for, and until other
wise ordered by the Stockholders or
by the Board Of Directors, as here
matter provided, the number Of di-
1ectors sholl be Five 90. The stock
holders at any annual meeting there
Of. or the Board of Directors by re-
solution at any meeting thereof call
ed cor that purpose, may increase the
number of Directors from Five %
to any number not exceeding Nine
90. and elect such additional mem
bers. Any vacancy occurring in the
Board of Directors shall be filled by
the remaining Directors. Each mem
Der of tho Board shall hold office
from the time of his election and
qualification until the next annul
meeting of the Stockholders and I'M
til his successor is elected and quail
flied, except he be removed for cause
as hereinafter provided. The annual
meeting of the Stockholders shall be
held as the Bylaws may direct on
the first Wednesday after the first
Monday in January of each year.
The Board of Directors shall annually
elect a President and one or more
Vice Presidents of the corporation
from their number. and a Cashier
VINO may or may not be a Director
of the corporation. The Board Of D-
rectors may provide for other Off
GERS than those above mentioned, who
may or may not be stockholders of
the company as the Board of Direc-
tors may determine. The duties of
the officers shall be such as usually
appertain to such offices subject 70
such limitations as may be provided
for in the Bylaws of the corpora
ton.
Bylaws for the government Of the
corporation may be adopted ut any
annual meeting of the Stockholders
or ut any special meeting called for
the purpose, or may he adopted by
the Board of Directors, and likewise
may be repealed or amended. Any
officer or director may be removed
from office by the Stockholders n
any special meeting thereof called
for that purpose, and his successor
elected at such meeting. Any vac
ancy occurring in any office of the
corporation shall he filled by the
Board of Directors. At all meetings
of the Stockholders a majority Of
the outstanding stock shall consti-
tute quorum and each stock
holder shall have one vote for eacl
share OF stock standing in his name
upon the books Of the company.
VII
That the highest amount of in