Bisbee daily review., 1917-09-09

and things and transact such business
in connection with the foregoing OBJ
jects, NOT Inconsistent with the law,
in any part of the world. as the board
of directors may deem to the advan-
tage of the corporation.
ARTICLE III.
The capital stock of said corpora
ton shall be FIFTY THOUSAND
DOLLARS (s5O.OOO) divided into So
600 shares. par value of ONE DOL
LAR EACH. which shall be paid in. at
such time as the board of directors
may designate, in cash. real or per-
sonal property, services. lease, option
to purchase, or any other valuable
right or thing, for the uses and pur-
poses of the corporation. and all
shares of capital stock. when issued in
exchange therefor, shall thereupon
and thereby become and be full-paid
the same as though paid for in cash at
par. and shall be worcestershire for
ever, and the judgment of the direc-
tors as 70 the value Of any property,
right or thing acquired in exchange
for capital stock shall be conclusive.
ARTICLE ".
The commencement Of the corpora
ton shall be the date of the issuance
to it of a certificate of Incorporation
by the Arizona COOPERATION Commits
sion. and it shall endure for the full
term of twenty-five years thereafter,
with privilege of perpetual succession
as provided by statute.
ARTICLE V.
The affairs of the corporation shall
be conducted by a board of directors
and such officers as the said directors
may elect or appoint. The number OF
directors shall be designated by the
bylaws. and shall be elected from
among the stock holders at their an
nual meeting to be held on the second
Monday in June of each year. conven-
ing at 10 o'clock A. NJ. Until the first
annual meeting Of the stock holders
and until their successors have been
elected and have qualified. the follow
ing named persons shall be the Off
GERS and directors:
D. E. GIBSON, F. G. HINES and r.
E. HINES.
ARTICLE VI.
The directors shall have power TO
adopt, amend and rescind bylaws. TO
fill vacancies occurring in the board
from any cause. and to appoint from
their own number an executive com
mittee and vest said committee with
all the powers granted the directors
by these articles.
ARTICLE VII.
The highest amount of Indebtedness
or liability to which the corporation
may at any one time subject itself is
THIRTY-THREE THOUSAND DOL
LARS (s33.OOO).
/ ARTICLE VIII.
The private property OF the stock
holders of the corporation shall be for
ever exempt from its debts or obliga-
tons.
ARTICLE TX.
This corporation does hereby ap-
point Edw. ]. Flanagan of Bisbee. Arr
IONA, who has been a bona fide resi-
| dent Of Arizona for at least three
years, its lawful agent in and for the
state of Arizona for in and behalf of
said company, to accept and aeknowl-
edge service of, and upon whom may
be served, all necessary process or
processes in any action, suit or pro-
ceeding that may be had or brought
against the said company in any of
the courts of said State of Arizona,
such service of process or notice. or
acceptance thereof by said agent en-
dorsed thereon. to have the same force
and effect as if served upon the presi-
dent and secretary of said company.
In witness whereof. we hereto affiS
our signatures and seals this 10th day
of May. A. d. 1917.
d. E. GIBSON (Seal).
R. E. HINES (SeaD.
w II CNrTTII fSoorN