Bisbee daily review., 1922-10-12
LEGAL NOTICES

idence of the subscribers to the capital stock and the number of shares sub sctlbed Tor by each are as follows:
 Name Residence Number Shares T. l.. Croteau Wilmington, Del. 500 shares NJ. A. Bruce, Wilmington, Del 300 shares C. H. Blaske, Wilmington, Del. 200 shares
 SlAI1; This Company is to have per petual existence.
 SEVENTH: Private property of the stockholders shall not be subject to the 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 be full paid i stock shall not be liable to any furtherI call thereon, nor shall the holder thereof ] be liable for any further payment there | on, in accordance with the existing laws or the State of Delaware in such easel made and provided, anything herein or m any law Of any other state, territory or dependency or country now in force or hereafter enacted to the contrary notwithstanding.
 EIGHTH: Any stockholder. by or pur- suant to an agreement in writing. may transfer his stock to any persons for the ! purpose of Yesting in them the right to vote thereon for time therein limited. i but not exceeding ten C0) years at any one time, upon the terms and conditions set forth in such agreement. and provid- ed such agreement or copy thereof shall have been furnished to the Company 1 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 iti shall provide and shall exercise such dis cretion 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- tors of the Company
 NINTH: No holder of stock shall be entitled as of right to subscribe for, pur- chase or receive any part Of any author-' ized but unissued stock or of any new or 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 stock may be issued and disposed of by the Boa 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 Board Of Directors in their absolute dis cretlon may deem advisable.
 TENTH: Meetings of the stockholders may be 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:
 (a) 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 time to time may be designated by the bylaws or by resolution of the directors; . a duplicate stock ledger shall always be kept within the State of Delaware as prescribed by law.
 ! (b) The number oi directors at any time may be increased or decreased (the directors however. not to he decreased ] to 9 number less than three) by vote of the Board of Directors. and in case of 1 any increase the Board of Directors shall nave power to elect such additional di- rectors to hold office until the next meet ! lhG ol stockholders. or until their sue cessorS shall be elected and qualify Co The directors may appoint not 1 only other officers Of the Companv but ! also one or more Vice Presidents one or more 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 so appointed. respectively. shall nave and may exercise any or all Of the bowers Of the President and of the Treasurer and Of the Secretary. respect 1Vely, or such powers and duties as shall he delegated to them by the Board of ] (d) Tho Board of Directors by reso- i lutiOn passed by majority of the whole i Board. may designate two or moro of 1 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- i else the powers Of the Board of Directors in the management of the business and affairs of 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 of 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. i QD 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 of , the Company, or any of them. shall he i open to the inspection of the .Stockhold- CTS, and no Stockholder shall have any right Of inspecting any account or book | or document of the Company. except as conferred aby statute or authorized by the Board oi Directors
 (g) The Board of Directors shall have power, without the assent or vote of the stockholders. to make. alter. amend and l rescind the bylaws of the Company. to ! fix the amount to be reserved as working capital. to authorize and to cause to be executed mortgages and liens upon the real and personal property of the Com panH.
 G) The Company. in its bylaws. may prescribe the number necessary to con- stitute quorum of the Board of Direc- tors. which shall not loo less than ma Jority ot the whole Board
 D The Company may use and apply ] its surplus earnings or accumulated pro- | Tits to the purchase or acquisition of ! property. and to the purchase or acquisi-
 
 to time. to such extent and in such man ner as it's Board of Directors shall deter mine. and neither the property nor the capital stock purchased or acquired nor any of it's capital stock taken in pay ment or satisfaction Of any debt due to the Company, shall be regarded as pro- Tits for the purposes oi declaration or payment of dividends, unless otherwise determined by a majority of the Board Of Directors. Shares of it's own stock be- longing to the Company shall not be aD NanFn gNn flNa ind CD With the consent in writing or pursuant to the vote of the holders of d majority in interest Of the capitol stock issued and outstanding. the Board of Di rcctorS shall have power and authority to sell. lease. exchange. assign. transfer. convey or otherwise dispose of the whole or the property of the Company as an entirety. irrespective Of the effect there of upon the continuance Of the business of the Company and tho exercise of its franchises. but tho Company shall not be