Bisbee daily review., 1917-01-24

take, hold. pledge. sell and deal in promissOry notes. drafts, bills Of eX. change and obligations of every sort and character. provided that no oblisa- tion, Of any character, shall be issued by this corporation in excess of the liability of the Company as herein set forth and as provided by law; Q3) To enter into contracts of all sorts, 10 lend or borrow money and take or give security for the payment there of; 0N To do any and all things which a natural person might and could do in the matter of the transac- ton of the business of the corpora ton and in the promotion and man. agement of it's interest.
 2.
 The amount of the capital stock of this corporation shall be (S5OO. .000.O0) Five hundred thousand Dollars. which shall be divided into (50O.0OO) Five hundred thousand shares of the par value of s1.00) One Dollar, per share; which shares shall be and must be fully paid up at the date of the issuing thereof, and shall be forever non-assessable; but such stock may be paid for in money. services, proper ty, rights, easements. privileges or anything of value, and the judgment of the Board of directors shall be for ever conclusive, both as to the actual value of the said stock and the con sideration 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 State 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 this corporation by the Cor poration Commission of the State of Arizona.
 The life of this corporation shall be for twenty-five years from said date. but it may be renewed from time to time, for periods as by law indicated. not to exceed twenty-five years, upon the taking of proper legal steps for such renewal.
 The affairs of this corporation shall be conducted by Board of five Direc- tors, but this number may be in- creased or diminished by the vote of the stockholders at any annual meet ing 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 4th day of January, 1918. and the members of such board of directors shall be elected annually thereafter at such annual meetings to be held on the first Friday. of each year.
 The officers of the corporation shall be President. Vice-President. Secre- tary and Treasurer, (the latter two offices may be filled by the same per son).
 All vacancies in office may be filled by the Board of directors, and those elected thereto shall hold office until next annual meeting.
 Those who shall serve as the Board of Directors until the first annual shall be J. W. Stanley. J. C. Barkwell. O. c. Wager. E. B. Wallace md F. F. Thomas; and the officers to hold and serve until that time shall ,e c. J. Winters, President. Vice ' President, J. C. Barkwell and Secre- i ary and Treasurer C. P Thomas.
 6.
 The highest amount of indebtedness ' )r liability, direct or contingent, to which this corporation shall at any . ime subject itself. shall, in no case. , De more than Five Hundred thousand !. $500. .0OO.O0) Dollars.
 The private property of the stock