Bisbee daily review., 1917-09-06

and things and transact such business in connection with the foregoing ob- jects. not Inconsistent with the law, in any part of the wsrld. as the board of directors may deem to the advan- tage of the corporation.
 ARTICLE III.
 The capital stock of said corpora tion shall be FIFTY THOUSAND DOLLARS (s5O.OOO) divided into 5O.- 900 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 non-assessable for ever. and the judgment of the direc- tors as to the value of any property. right or thing acquired in exchange for capital stock shall be conclusive.
 ARTICLE ".
 The commencement of the corpora tion shall be the date of the issuance to it of a certificate of incorporation by the Arizona Corporation Commis- 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. M. 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 cers and directors:
 D. E. GIBSON, F. G. HINES and R. E. HINES.
 ARTICLE VI.
 The directors shall have power 10 adopt. amend and reseind 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,OO0).
 ARTICLE VIII.
 The private property of the stock holders of the corporation shall be for ever exempt from its debts or obliga- tions.
 ARTICLE TX.
 This corporation does hereby ap- point Edw. J. Flanigan of Bisbee, Ari- zona. 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 acknowl- 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 affix our signatures and seals this 16th day of May. A. D. 1917.
 D. E. GIBSON (SeaD.
 R. E. HINES (Seal).
 " E SMITH (Saan