Bisbee daily review., 1916-08-16

a natural person might or could do in the matter of the transaction of the business of the corporation. and in the promotion and management of it's interests.
 The authorized amount of capital stock of the corporation shall be. and is, S1,O0000O.00. divided into 1000. 900 shares of the par value of $1.OO 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 designate. 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 like period in
 the manner provided by law. VI.
 The affairs and business of this Icorporation shall be conducted and controlled by a board of seven @ di- 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. a Vice Pres
 ident, a Secretary and Treasurer. and
 such other officers as the Board of Directors, or stock holders. may, from i time to time. create The person
 elected Secretary may also be Treas
 urer. Such directors may be elected
 the first time at the organization I
 serve as such directors until the first
 annual meeting of the stock holders
 of this corporation. or until their sue
 cessors have been elected and Quali- | 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. 50 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: I. F. Walker. Bisbee. Arizona.
 Kay Ross. Bisbee, Arizona N NJ. Pederson. Bisbee. Arizona. lC. V Hudson. Bisbee. Arizona | Charles Albert Smith. Bisbee. Arizona. | T. O. T5nkin. Bsbee. Arizona. | W. B Hosmer. Bisbee. Arizona
 And until the first annual meeting
 of the stock holders of this corpora
 tion. and until their successors are
 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 1 (S5OO. .OOOOO) Dollars.
 VIII
 The private property of the stock
 holders and incorporators of this com pany are. and shall forever be. eN-
 empt from all liability for any debt or liability of this corporation. IN.
 The authorized amount of capital
 stock of this corporation may be in- creased or decreased and there articles of incorporation may be lamended,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 favor of such amend ment
 IN WITNESS WHEREOF. We have hereunto set our hands this lst day ' of Aug. 1916.
 J F. WALKER, KAY ROSS.
 N M PETERSON