Bisbee daily review., 1916-07-27

 ty-five (25) years thereafter. and the corporation shall have the right 10 renew it's charter and franchises for an additional period of twenty-five years as now provided by law
 ARTICLE VII.
 The management and control Of tho business. property and affairs Of the corporation shall be vested in anl conducted by board of three (3) di- rectOrs. and all directors. except in case of vacancies shall be elected at the annual meeting Of stockholders. exceDt the first board, which is chosen as in these articles hereinafter set forth.
 The officers of the company shall consist of a president. vice-Dresident. secretary and treasurer. and such other officers as the board of directors shall deem exredient. and all shall ha elected or apuOinted by the board of directors Any two or more offices. the duties of the incumbents of which pro not inconsistent. may he held by the same person.
 p'lth the officers and directors shall hold their offices for the period of one year from and after their election and until their successors ara elected.
 ARTICLE VIII.
 The regular annual meeting of stOctbrlders of the cOrncration shsu he held at the unain offices of the cnmDanv nn the first Monday in February of each year
 ARTICLE IX.
 Until the first annual meeting of stockholders. and until their succes- sors shall have been elected. the r,l- lowing named persons shall constitute the board of directors of .his corDora- ton: VI 6 Clark. Ellis O. Smith and Allan c. Waite
 ARTICLE x.
 The directors shall have power 10 make and alter the bylaws Of the corporation. to fx the amount to he reserved as working capital and to authorize and cause 10 he executed uortgages. debentures and other oh- ligations which shall he liens unOn the property and franchises of the cor roration. and. in general to exercise all the power and authority of the r'1nnsuv not expressly withheld from them by law. or by these articles of incorDoratinn. or bv the affirmative action of the stockholders: or shall he inconsistent with the laws of the United States. the State of Arizona. or any foreign state or country. or with these articles of incorporation.
 ARTICLE XI. In furtherance and not in lipitatiOn of the powers conferred by Statute and bv this certificate of incorpora- | tion the board of directors is express | ly authorized:
 To hold it's meetings. to have one or more officers and to keep the books of the company within or without the State of Arizona. at such place or places as may be. from time to time. designated by the bylaws of the com pany. or by resolution of the board of directors, except such books as rnav be required ny law to be kept at the principal offices of the compa- ny. in the State of Arizona: but the company shall always keep a transfer book in which the transfers of stock ! can he made. entered end registered. and also a book containing the names and addresses of the stockholders. and | the number of shares held by them. resnectively.
 | T'l determine from time to time whether, and if allowed. under what conditions and regulations. the ac- counts and books of the company 10th | CT than those books which under the | law may be required to be kept for the inspection of stockholders or any l of them. shall be open to the inspec- tiSn of stockholders. and the stock holders rights in this respect shall be restricted and limited accordingly. To remove at any time. by the af- frmative vote of the board. any off, cer elected or appointed by the board of directors: or to confer by bylaw or resolution. such power upon any committee or officer of the company. To appoint other officers. including one or more vice-presidents. one or more assistant treasurers. and one or more assistant secretaries. | To use and apply the surplus earn ! ings or accumulated profits of the company to the purchase or acGuisi- ton of property. and to the purchase and acquisition of it's own capital stock. from time to time. to such eX- tent and in such manner. and upon such terms as the board of directors shall determine: but neither the Droo- erty nor capital stock so purchased and acquired shall be regarded as profits for the purpose of declaration or payment of dividends. unless other wise determined by a majority of the board of directors.
 To authorize the reissue and sale of any such stock so required
 ARTICLE XII. The stockholders and members of this corporation. and their private property. shall be exempt from any liability for the debts of this corpora tion.
 ARTICLE XIII. With the consent of the holders of two-thirds in amount of canital stock of this corporation. issued and out standing. when evidenced in writing. or with the consent of a majority in amount of the capital stock of this corporation. issued and outstanding. when expressed by resolution adopted at a meeting of the stockholders of the company. duly called and held pursuant to the bylaws. the directors f. Nfh