Bisbee daily review., 1922-10-10
LEGAL NOTICES

G,000) shares of the par value of One Dollar ($1 .00) each
 FIFTH The names and places Of res- idence of the subscribers to the capital stock and the number of shares sub |
 Name Residence Number Shares | T. l., Croteau Wilmington, Del. 800 shares | M \. Bruce. Wilmington. Del 300 shares C. H. Blaske. Wilmington, Del. 200 shares
 SIXTH: This Company is to have per petual existence.
 SEVENTH: Private property of the stockholders shall not be subject to thei payment of the corporate debts to any extent whatever. Stock Of the Company which has been issued as or declared by the Board Of Directors to he full paid stock shall not be liable to any furtherl call thereon, nor shall the holder thereof he liable for any further payment there on, in accordance with the existing laws or the State Of Delaware in such case made and provided, anything herein ori Tn any law Of any other state, territory or dependency or country now in force or hereafter enacted to the contrary notwithstandinS
 EIGHTH Any stockholder. by or pur suant to an agreement in writing. may transfer his stock to any persons for the purpose Of vesting in them the right to vote thereon for time therein limited, but not exceeding ten (10) years at any one time. upon the terms and conditions set forth in such agreement, and provid- ca such agreement. or copy thereof, shall have been furnished to the Company such transferrees shall in all things act. , and during the time limited in such agree ment vote. upon such stock pursuant to such agreement and in such matter as it shall provide and shall exercise such dis : erection in carrying out or formulating policies and plans of action as may he granted by such agreement and may elect one or more Of their number direc- torG Of the Company { NINTH: No holder of stock shall he entitled as Of right to subscribe for. pur- chase or receive any part of any author aH rrFnfu s-f. additional issue of stock, preferred or common, or of bonds. notes debentures or other securities convertible into stock. but all such unisSued, new or additional shares of stock or bonds. notes debent- ' ureS or other securities convertible into i stock may he issued and disposed of by : the Boa a'd Of Directors to such person or persons and on such terms and condi- tions and for such consideration (so far as may he permitted by law) as the i Board of Directors in their absolute dis : cretion may deem advisable
 TENTH: Meetings of the stockholders may he held within or without the State | of Delaware. as the Board of Directors may determine.
 | ELEVENTH: In furtherance and not in limitation of the powers conferred by statute:
 Gal The Board of Directors shall have ' powerto hold their meetings and have ' one or more offices and keep the books : of the Company outside of the State of Delaware. at such place or places as from
 
 1 bylaws or by resolution Of the directors: provided however that the original or a duplicate stock ledger shall always he kept within the State of Delaware as prescribed by law
 ! (b) The number of directors at any I time may be increased or decrease (the : directors. however. not to be decreased i to a number less than thrce) by vote of ! the Board of Directors. and in case of ! any increase the Board of Directors shall ! have power to elect such additional di- rectors to hold office until the next meet ! ing or stockholders, or until their sue ' ceSSOrS shall be elected and qualify. i Co The directors may appoint not only other officers of the Company, but also one or more Vice Presidents, one or moro Assistant TreasurerS. and one or more Assistant Secretaries and to the extent provided in the bylaws or by res olution Of the Board Of Directors the persons appointed. respectively. shall
 have and may exercise any or all Of the powers of the President and of the Treasurer and of the Secretary. respect ! lively. or such powers and duties as shall be delegated to them by the Board of ' Directors,
 (dD The Board of Directors by reso- lution passed by a majority of the whole
 Board. may designate two more of
 their number to constitute an Executive Committee, who. to the extent provided in said resolution. or in the bylaws of
 the Company. shall have and may eXer-
 else the powers of the Board of Directors
 in the mana cement of the business and
 affairs Oi the Company, and may have
 power to authorize the seal Oi the Com
 pany to be affixed to all documents
 which may require it.
 (e) The Board of Directors by resolu-
 tion passed by majority oi the whole Board may appoint any other or further standing committees, with such powers
 as may be provided in said resolution or in the bylaws of this Company.
 (D The Board of Directors from time to time shall determine whether and to what extent and at what times and ! places and under what conditions and | regulations the accounts and books o , the Company. or any of them. shall he | open to the inspection oi the Stockhold- CTS, and no stockholder shall have any right of inspecting any account or book : or document of the Company. except as
 conferred by statute or authorized by
 the Board Of Directors.
 (g) The Board of Directors shall have
 power, without the assent or vote oG the stockholders, to make, alter. amend and
 rescnd the bylaws of the Company. to fiN the amount to be reserved as working ' capital. to authorize and 10 cause to be | executed mortgages and liens upon the |. real and personal property oi the Com pany.
 ' (h) The Company. in it's bylaws. may
 prescribe the number necessary tu con
 sttute a quorum of the Board Of DireC-
 tors. which shall not be less than a ma
 jority of the whole Board
 | OD The Company may use and apply it's surplus earnings or accumulated pro | fits to the purchase or acquisition Of
 property, and to the purchase or acqusi ! tion Of it's own capital stock. from time i to time, to such extent and in such man ner as it's Board Of Directors shall deter 1 mine. and neither the property nor the l capital stock so purchased or acquired. nor any Of its capital stock taken in pay ! ment or satisfaction Of any debt due to { tho Company, shall he regarded as pro- fits for the purposes oi declaration or ! payment Of dividends. unless otherwise determined by a majority of the Board or Directors. Shares Oi its own stock be- longing to the Company shall not be voted upon directly or indirectly. CD With the consent ir writing or pursuant to the vote oi the holders of a majority in interest O. the capital stock issued and outstanding, the Board of Di- ! rectorS shall have power and authority tO sell lease. exchange. assign transfer. . convey or otherwise dispose of the whole Of the property Of the Company as an entirety. irrespective ot the effect there Of upon the continuance oi the business ! of the Company and the exercise Of it's
 franchises, but the Company shall not be dissolved save aS provided bN the laws ! of the State of Delaware