Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1922-12-28
LEGAL NOTICES


the carrying out of the objects and
purposes herein stated; to do any or
all of the things herein set forth to
the same extent as natural persons
might or could do the same, either as
principals, agents, contractors, .trus-
tees or otherwise, and either alone or
in company with others; and gener-
ally to engage in, and carry on, in con-
nection with the above, any other bus
mess not forbidden by the laws OF
the State of Arizona.
ARTICLE III
The amount of the capital stock of
this corporation shall be Fifty Thou
sand (S50,000.00) Dollars, divided into
Five Hundred (5OO) shares of the par
valVe-of One Hundred ($1OO.OO Dol
lars each, which, when issued, shall
be fully paid and worcestershire.
Such capital stock shall be issued
upon such terms and conditions and
at such times and in such amounts as
the Board of Directors may prescribe,
and the same may be issued in ex-
change for property, contracts, serv-
Ices, money, or such other things of
value as the Board of Directors may,
IN the exercise of their judgment, de-
termine.
ARTICLE w
The time of the commencement of
this corporation shall be the day on
which these Articles of Incorporation
snail have been filed for record i'm
the Office of the Corporation Commits
sion or the State of Arizona, and a
certified copy thereof recorded in the
Office of the County Recorder of Co
cmse County, Arizona, and a Certifi-
cate OF Incorporation delivered to this
corporation by said Corporation Com
mission, and, unless renewed. this cor
poraton shall terminate twenty-five
(25) years thereafter, but the same
may be renewed from time to time as
now provided by the laws of the State
of Arizona
ARTICLE v
The affairs of this corporation shall
be conducted by a board of three di-
rectors. to be elected from among the
stockholders Of the corporation at
their annual meeting, which shall be
held at the principal office of the cor
poration at Warren. Cochise County,
Arizona, on the first Monday of Feb.
ruary of each year. Said directors,
I when so elected, shall hold office I'M
/ til their successors are elected and
qualified, and any vacancy in said
hoard shall be filled by election BY
the remaining members of the board
from among the stockholders of the
corporation. Said Board of Directors
shall have power to make bylaws and
all rules and regulations necessary for
the management of the affairs of the
corporation not inconsistent with
| these Articles or with the laws of the
State Of Arizona or of the United
States of America. The Board of Di-
writing and pursuant also to the af-
firmative vote of the holders of the
majority of the stock issued and out
standing, at stockholders meeting
duly called for that purpose. sell, as
sign, transfer or otherwise dispose of
the property OF the corporation as an
entirety. provided always that a ma
! jority of the whole board concur
therein. Until the first annual meet
| ing of the stockholders and until their
successors are elected and qualified.
the following persons shall constitute
| the Board of Directors of this corpor-
alton: r. P. Saffold, z. NJ. F. Ivey
and c. Fl. Tuell. The officers of this
corporation shall be: A president. a
vice-president, a secretary and a
treax1fer, together with such addition
al officers as the Board of Directors
may deem necessary If deemed adj
visable by the Board of Directors, the
| offices of secretary and treasurer may
be vested in and held by one person.
/ Until their successors are elected and
qualified, the following persons shall
be the officers of this corporation:
President. r. p. Saffold; Vice-Presi-
dent, c. II. Tuell: Secretary and
Treasurer, Z. NJ. F. Ivey.
ARTICLE VI
The highest amount of indebted
ness or liability direct or contingent.
to which this corporation is at any
time to subject itself, is an amount
equal to two-thirds of its capital stock,
as set forth in Article III hereof.
ARTICLE VII
Private property of the stockhold-
ers and the officers of this corpora
ton shall be exempt from any and
ali liability for it's corporate debts.
IN WITNESS WHEREOF. said cor
porators have hereunto set their
hands and executed these presents,
this 14th day of December, 1922.
r. P. SAFFOLD
r. NJ. L. IVEY
G. II. TUELL
STATE OF ARIZONA. }
S.