Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1922-12-27
LEGAL NOTICES


necessary, convenient or proper to
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 Ill
The amount of the capital stock OF
this corporation shall be Fifty Thou
sand $3.50, 100000 Dollars. divided into
Five Hundred 5000 shares OF the par
value Of One Hundred ($100.00) 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-
ices, money, or such other things of
value as the Board of Directors may.
in the exercise of their judgment, de-
! termine.
ARTICLE ~
The time of the commencement of
this corporation shall be the day on
which these Articles OF Incorporation
shall have been filed for record in
the office of the Corporation Commits
sion of the State of Arizona, and a
certified copy thereof recorded in the
office OF the County Recorder of Co
chise County, Arizona. and Certifi-
cate of Incorporation delivered to this
corporation by said Corporation Com
mission, and, unless renewed, this cor
poration 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 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.
when so elected. shall hold office I'M
til their successors are elected and
qualified. and any vacancy in said
board 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-
rectors shall, with the consent in
: 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
I 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
5 the Board of Directors of this corpor-
!. atom: r. p. Saffold, E. NJ. +. Ivey
) and c. II. TuelL The officers of this
1 corporation shall be: A president, a
I vice-president, a secretary and a
e treasurer, together with such addition
e al officers as the Board of Directors
r may deem necessary If deemed ad-
4 visable by the Board of Directors. the
/ offices of secretary and treasurer may
J. be vested in and held by one person.
= Until their successors are elected and
), qualified. the following persons shall
o be the officers of this corporation:
: President. R. P. Saffoid; vice-Presi-
!. dent. C. II. Tueu; Secretary and
;. Treasurer, E. NJ. F. Ivey.
II ARTICLE vi
v The highest amount of indebted
!. ness or liability direct or contingent
= to which this corporation is at any
d time to subject itself. is an amount
: equal to two-thirds of its capital stock
n as set forth in Article III hereof.
ARTICLE VII
e Private property of the stockhold
i ers and the officers of this corpora
: ton shall be exempt from any and
= all liability for its 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
Il. NJ. r. IVEY
i c. II. TUELL
4 STATE OF ARIZONA.