The Parker post., 1917-03-03

poration, and such stock may be eX.
changed for mines, or for any other
property, either real or personal, OF
for benefits accruing to the corpora.
ton, or for services rendered to the
corporation, in any manner or form
whatever, as said Board OF Directors
may determine, and in the absence
of actual fraud in the transaction
such determination of the Board OF
Directors shall be final.
ARTICLE VI
The time of the commencement OF
this corporation shall be the day
upon which a certified copy Of tlcse
Articles Of InccrD 1ratiOr from the
Arizona Corporation Commission
shall be recorded with the Recorder
OF Yuma County, State of Arizona
and the termination thereof shall be
twenty-five (25) years thereafter
with privilege of renewal, as prOvid-
ed by law
ARTICLE VII.
The manag cement and control of
the business, property and affairs of
this corporation shall be vested in
Board of Directors consisting of not
(9) members, who shall be elected
from the stockholders of record at
the regular annual meeting of the
stockholders, which said meeting
shall be held on the second Wednes-
day of October in each year, and
said directors shall hold Office for
one year, or until their successors
are elected and shall nave qualified.
Any vacancy which may occur in
said Board of Directors, whether
caused by death, resignation or 9TH
erwise, shall be filled by election by
the remaining members of said board
from among the stockholders of rec
ord Said Board of Directors shall
have power to establish bylaws, and
make any and all rules and regula-
tiOns necessary for the conducc and
management of the affairs OF the
corporation, not inconsistent with
Jaw or with these Articles OF Incor-
pOratiOn.
Until the first annual meeting of
the stockholders, the following nam
ed persons shall constitute the
Board of Directors of this corpora
tion, to-wit:
E. S. Osborne. O. NJ. Spence, Fred
erick NJ Hall, e. F. Johnson, r. M.
ImbOden.
ARTICLE VIII.
The officers OF this corporation
shall be President, Vice-President
Secretary and Treasurer, and the Of
fees of Secretary and Treasurer may
be held by the same person; tOgeth-
ar Wi Ia Nt n nf
ficerS as the Board OF Directors may
deem necessary or essential! All of
ticers are to be elected by the Board
of Directors from among the stock
holders at the annual meeting of
said Board of Directors, which said
meeting shall be held as soon as
practicable after the annual meetin e
OfStOckhOlders, and shall hold office
for one Cd year, or until their sue
cessors are elected and shall have
qualified, except such officers as may
be provided for and appointed by
said Board of Directors, whose terms
of office, qualifications and duties
shall be prescribed by said Board
The following named persons shall
serve as the officers OF the corpora
tiOn until the first annual meeting of
the Board of Directors. until their
successors are elected and shall have
qualified:
President-E. S. Osborne
Vice-President-E F. Johnson.
Secretary Treasurer - Frederick
M. Hall.
ARTICLE TX
The hi, hest amount Of indebted
ness Or Iiabilit". dircCL or contin-
gent to which this corporation may
at any time subject itSp.f, is the sum
OF Twenty-Five Thousand Dollars
($25, 100000.
ARTICLE X
J he private property Of the incOr
Dor2tCrs and stockholders of this
corporation shall be, and is, hereby
made forever exempt from any and
81. LIABILITY for the corporate denls
and liabilities of the corporation.
ARTfTi.'i XI
These Articles Of Incorporation
may be amended by 2 majority vote
Of the outstanding stDck of the cor
poration at any special meeting
thereof, called for that purpose
In Witness Whereof we nave here
unto set our hands, this twentieth
day OF February, A. -. 1917
e. S. OSBORNE.
E. F. JOHNSON.
FREDERICK NJ. HALL.
State OF Arizona, COnnty of Yuma, SIS
Before me. G. y Marsh, a Notary
Public III ana for the County of Yu-