Bisbee daily review., 1916-08-20

! in the promotion and management of ! its interests.
 ! " l The authorized amount of capital Estock of the corporation shall be, and is. S1,OOO.OOO.OO, divided into 100000 shares of the par value of s1.00 each, and the said capital stock is hereby made forever nOn-assessable by this corporation, or the directors thereof, or at all, for any purpose whatsoever. Such capital stock may be paid for on the date of the issuance of the same, or at such other time, and un- der such other conditions as the board of Directors of this corporation may tdesignate, in money, property or labor. and the judgment of the Board of Directors of said corporation. as to the value thereof, shall be conclusive. V.
 The time of the commencement of the existence of this corporation shall be the day of the issuance of a certi- ficate of incorporation by the Arizona Corporation Commission. in Phoenix. Arizona, and this corporation shall endure and exist for twenty-five (25) years thereafter. and may be renewed from time to time for a like period in the manner provided by law. VI.
 The affairs and business Of this corporation shall be conducted and | IcOutrOllpd hv a hoard of sa,-a, f-N df rectOrs. each and all of whom shall be stock holders and elected annually by the stock holders of this corporation. and said stockholders shall elect. from among the directors, the fOllOw- | ing officers, a President. Vice Pres ident. a Secretary and Treasurer. and such other officers as the Board of l Directors. or stock holders. may, from ] time to time, create. The person elected Secretary may also be Treas urer. Such directors may be elected the first time at the organization meeting of this corporation, and shall serve as such directors until the first annual meeting of the stock holders of this corporation, or until their suc- cesscrs have been elected and quail fled
 The annual meeting of the stock holders shall be held upon the first Saturday after the first day of Janu- ary each year, at the hour of 1O:OO o'clock A. M,, at such place. or places. as the bylaws may prescribe. and such directors. sS elected shall be the directors of this corporation for the period of one year thereafter. and until their successors are elected and qualified. The persons who shall be. and who shall constitute. the Board of Directors of this corporation until such annual meeting is held. and un- til their successors are elected and qualified. are as follows: J. F. Walker. Bisbee. Arizona. Kay Ross. Bisbee. Arizona. N. NJ. Pederson, Bisbee, Arizona. c. " Hudson. Bisbee, Arizona Charles Albert Smith, Bisbee. Arizona. J. O. Tonkin. Bisbee. Arizona. W. B. Hosmer. Bisbee. Arizona.
 And until the first annual meeting of the stock holders of this corpora
 
 elected and qualified. the following named persons shall be the officers of this corporation:
 J. F. Walker. President.
 c. V. Hudson, Vice President
 J. O. Tonkin. Secretary. Charles Albert Smith, Treasurer.
 VII
 The highest amount of indebted ness, Or liability. direct or contingent, to which this corporation shall. at any time. subject itself shall not exceed the sum of Five Hundred Thousand (S5OO, ,O0OO0) Dollars.
 VIII.
 The private property of the stock holders and incorporators of this con- pany are. and shall forever be. eX- empt from all liability fo- any debt or liability of this corporation.
 The authorized amount of capital stock of this corporation may be in- creased or decreased and there articles of incorporation may be amended.at any annual meeting of the stock holders. or at any spe- cial meeting of the stock hold CTS called for that purpose by majority vote of the corporation stock then issued, in fayor of such amend ment
 IN WITNESS WHEREOF. We have hereunto set our hands this 1st day of Aug. 1916.
 J. r. WALKER,
 KAY ROSS.
 N NJ. PEDERSON,
 c. Y. HUDSON.
 CHARLES ALBERT SMITH.
 J. O. TONKIN.
 W. E. HOSMER.