Bisbee daily review., 1919-05-28

discovered in developing the lands of the company; to carry on in connec- tiOn with any or all of said purposes the business of buying and selling goods, wares and merchandise; and to do and transact all business properly connected with or incidental to any or all of said objects and purposes. To acquire the good will rights, property and assets of all kinds and to undertake the whole or any part of the liabilities of any person, firm. as- sociatiOn or corporation, on such terms and conditions as may be agreed on, and to pay for the same in cash, stocks, bonds, debentures. or other se- curities of this Corporation or other wise; to acquire and undertake all or any part of the business, assets and ! liabilities of any person, firm, asso- citation or corporation.
 ! To join or consolidate with, and to enter into agreements and co-opera- tive relations not in cOntravention of law with any persons, firms, associa- ! tions or corporation, governmental, municipal or otherwise, in and about the carrying on and out of all or any of the purposes of this company The corporation may conduct it's business in other states, territories and possession of the United States, and in foreign countries, and may have one office or more than one office, and keep the books of the company out side of the State of Arizona, except as may be otherwise provided by law; and may hold, purchase, mortgage and convey real and personal property either in or out of the State of Ari- zona
 ARTICLE III. I The amount of capital stock author iZed of this corporation is One Hun dred Eighty Thousand ($1SO,00O) Dol lars, to consist of one hundred eighty thousand (1S0,000 shares, of the par value each of one ($1) dollar; and the time when and the conditions upon which it is to be paid in are: that as as soon as practicable after organiza- tion the company will issue all or the greater portion of said stock for prop critics contemplated to be purchased by said corporation, situate in the State of Texas.
 ARTICLE ".
 The time of the commencement and the termination of the corporation are ias, follows: Said corporation shall commence upon the issuance by the Arizona Corporation of a Certificate of Incorporation to it as required by law; and it shall terminate twenty five years thereafter.
 ARTICLE V.
 The officers, or persons, by whom the affairs of the corporation are to be conducted, and time at which they are to be elected are as follows: There shall be a board of five direc- tors, but the number of the directors may be either five or seven. as the stockholders may from time to time determine at the annual meeting, or at any special meeting called for such purpose. The names of the directors until the annual meeting of 1920. are as follows: C. T. Howard, Dr. w. c. Bryan, ". R. Johnson, w. F. Cowan and l.. R. Davison, of whom c. T. Howard shall be President. w. c. Bryan, Vice President, L. R. Davison, Secretary, and w. F. Cowan, Treas urer
 It shall be competent for the stock holders, or directors, to provide for, or to appoint general manager of the affairs of the corporation ,and to ere ate such other officers as may be ne cessary to carry on the business of the company.
 The annual meetings of the com pany shall be held on the first Mon- day of May of each year hereafter the first annual meeting to be held in 1920.
 V.
 The highest amour: Of indebtedness or liability, direct or contingent, to which the corporation is at any time to subject itself shall be two-hirds of the amount of its capital stock.
 VI
 The private property of the stock holders is to be exempt from liability for the corporate debts.
 IN TESTIMONY WHEREOF, we have hereunto set our hands at Bis bee, Arizona, this 7th day of May, 1919
 c. T. HOWARD.
 w. G. BRYAN
 TT OTTINNJ