Bisbee daily review., 1916-11-09

stock may be paid for in money, serv- ices, property, rights, easements, priv ileges of anything of value, and the judgment of the board of directors shall be forever conclusive, both as to actual value of the sad stock and the consideration paid therefor, in the ab- sence of fraud or any collusive agree ment
 The time of the commencement of this corporation shall be when these articles of incorporation shall be filed for record in the office of the Corpora tion Commission of the States of Ari- zona, at Phoenix, Arizona, a certified copy thereof recorded in the office of the County Recorder of Cochise Coun- ty, Arizona, at Tombstone, Arizona, in which county the principal place of business of the corporation is to be, and a certificate of incorporation de- livered to the corporation by the Cor poration 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 twenty five years. upon the taking of the steps prescribed by law for such re- newal or renewals. V.
 The affairs of this corporation shall ! Q fnH hxr hno o-I of tors, but the number constituting the board of directors may be increased or diminished by the vote of the stockholders at any annual meeting or at any special meeting called for that purpose.
 The board of directors shall be elected at the first annual meeting of the stockholders of the corporation which shall be held at the principal place of business of the corporation, at Bisbee, Cochise County, Arizona, on the 1st day of November, 1917, and the members of such board of directors shall be elected annually thereafter at such annual meeting, to be held on the first Monday in February, Of each year.
 The officers of the corporation shall be President, Vice-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 until the next annual meeting. Those who shall serve as the board of directors until the first annual meet ing shall be D. A. Pressly, J. B. Tomp kin and R. A. Clampitt; and the off cers to hold and serve until that time shall be D. A. Pressly, President; J. B. Tompkins, Vice-President, and R A. Clampitt, Secretary and Treasurer VI. 1 The highest amount of indebtedness or liability, direct Or contingent, to which this corporation shall at any time subject itself, shall, in no case, be more than One Million Three Hun dred Thirty-three Thousand Three Hundred Thirty-three and 33-100 ($1, ,333 ,SS3.33) Dollars.
 The private property of the stock holders of this corporation is hereby expressly made and declared exempt from all liability for corporate debts.
 IN WITNESS WHEREOF, we here unto set our hands this S0th day of October, A. D. 1916.
 D. A. PRESSLY J. B. TOMPKTNS ' R. A. Clampitt
 State of Arizona, )
 SIS. County of Cochise
 Before me, Dan B. Seed. a Notary Public. in and for Cochise county, State of Arizona. on this day person ally appeared R. A. Clampitt, personal ly known to me ro be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purpose and consideration therein ex- pressed.
 Given under my hand and seal of office this 30th day of October, 1916.
 DAN B. SEED. (Notarial Seal) Notary Public
 (My Commission expires March g, 192O.)
 State of Texas,
 County of Dallas,
 Before me Geo. L. Hern, a Notary Public, in and for Dallas County. State of Texas, on this day personally ap peared J. B. Tompkins. personally known to me to be the party whose signature appears subscribed @ the foregoing instrument, and acknow ledged to me that he executed the same for the purpose and consideration therein expressed.
 Given under my hand and seal Of office this 18th day of October, 1916. (NotariaD GEO. L. TERN, Seal ) Notary Public, Dallas Co.,, Tex.
 My commission expires June 1st, 1917.
 State of Texas.
 County of Lavaca,
 Before me J. w. Cook. a Notary