Bisbee daily review., 1918-06-16

par value of Twenty-Five (25c) cents each, which stock may be issued in ex- change for money, property, services, or the stock of other corporations, at such times and upon sucn terms and conditions as the Board or Directors may determine, and the capital stock when so issued shall thereupOn and thereby be and become fully paid and non-assessable, the judgment of the Di- rectors as to the value of the property purchased and the services rendered shall be conclusive.
 Article VI.
 The business affairs of this corpora | ton shall be conducted by a Board of | Directors, consisting of not less than five (5) nor more than seven @ mem bers. each of whom shall be a stock holder of this corporation. All Dl- rectors shall be elected annually at the regular annual meeting Ot the stockholders Ot thls corporation, which shall be held on the First day of June in each year hereafter, and they shall hold theH offices unuI thelr sue cessors are elected and qualified. Any vacancy in the Board Of Di- rectors may be filled S the remain | ing members of the Board by appoint ment from among the stockholders, and such appointment shall be for the lunexpired term for which the appoint ment is made.
 The Board of Directors shall have the power to adopt bylaws and Co amend and repeal the same; to define the duties of the officers, agents anu clerks of this corporation, and to make all rules and regulations deemed neces- sary and proper for the management of the affairs of the business Of this corporation.
 The following persons shall conSti- | ute the first Board of Directors or this corporation: Jas. F. Harvey, J. F.. Connolly, F. D. Hubbell, Hartwell No well, Frank J. Holmes, P II. Fitzpat- rick and w. S. Gilmore, and they shall l hold their offices until the annual meeting of the stockholders of this cor poration, to be held on the First day of June, 1919.
 ] A majority of the Directors shall constitute a quorum for the transac- ! ton o9 business at any of their meet 1 ings, and said Directors may hold their 1 first meeting at any time after the commencement of this Corporation. The officers of this Corporation shall | be a President, Vice-President, Secre- tary and Treasurer, and such other of ficers as the Board of Directors shall | from time to time determine upon, and such officers may be elected by the Board of Directors at their first meeting to serve for the ensuing year; the offices of Secretary and Treasurer may be held by the same person.
 Article VII.
 The highest amount of indebtedness or liability, direct or contingent, 10 which this corporation shall al any time subject itself, shall be One Hun dred and Twenty-Five Thousand (Sl25,- OOO) Dollars.
 Article Viii.
 The private property of the stock 1 holders ot this corporation shall be forever exempt from its corporate debts of every nature wha5soeye=. Article K.
 These Articles of Incorporation may be changed or amended at any regular meeting of the stockholders, or any special meeting thereof called for that purpose, by an affirmative vote O. majority of the stock then issued, pro- vided at least thirty (3O) days notice in writing of such proposed amend ment to the Articles of Incorporation shall be given to the stockholders of ] this Corporation.
 ! INTVNErEC TNTILrgF I7OTT Vr-a r,.r, hereunto set our hands and seals this Thirty-first day of May. A D., O91S. F. D. HUBBELL, FRANK J. HOLMES, (seal) W. s. GILMORE, P. H. FITZPATRICK, J. P. CONNOLLY, FAREWELL HOWELL. STATE OF ARIZONA, COUNTY OF
 COCHISE, ss.
 Before me, Viva L. Johnson, a No tary Public. in and for the County of Cochise, State of Arizona, on this day personally appeared F. D. Hubbeli, Frank J. Holmes and w. $. Gilmore, known to me to be the persons whose names are subscribed to the foregoing instrument, and separately achnOwl- eUBeu lO ne lidl they t&GCuttu lut same for the purposes and considera- tions therein expressed.
 Given under my hand and seal of office this 31st day of May, A. D., 1918.
 VIVA l.. JOHNSON,
 Notary Public, in and for the County of Cochise, State of Arizona. My Commission expires Nov. 30, 1921. (NolariaI oeaD STATE OF ARIZONA, COUNTY OF COCHISE. ss.
 Before me, II. F. DUgan. a Notary Public, in and for the County of Co chise. State of Arizona, on this day personally appeared. J. P. Connolly, aartwell Nowell and F. II. Fitzpatrick, known Co me to be the persons whose lRmes are subscribed to the foregoing instrument, and separately ackuowl edged to me that they executed the