Douglas daily dispatch., 1927-08-23
LEGAL NOTICES.

All surplus or net profits remaining
after the aforesaid cumulative divi-
dends shall have been paid to or set
anart for the holders of the preferred
stock shall be available for dividends
on the common stock, or for such
other corporate purposes as the Board
of Directors may determine.
In the event of any liquidation, dis
solution or winding up, whether vol
Iuntary or involuntary, of the corpor-
alton, or of any distribution of its as
sets to, or among its stockholders, the
holders of the preferred stock shall
be entitled to be paid in full, both the
full par amount of their shares and
the unpaid dividends accrued thereon,
before any amount shall be paid to
! the holders of the common stock; and
after such payment to the holders of
the preferred stock the remaining as
sets and funds of the corporation shall
be divided and paid to any among the
holders of the common stock proper
tionately in accordance with the num-
ber of shares of such stock held by
! them-reSpectively
ARTICLE Nv.
The time OF the commencement Of
this corporation shall be the day these
articles are filed in accordance with
| law. and the termination thereof shall
be twenty-five (25) years thereafter,
with privilege Of renewal as provided
by law.
ARTICLE v.
The affairs of this corporation shall
be executed by Board of Directors,
consisting OF Eleven CID persons and
such officers as the Board of Directors
may elect and appoint, such directors
and officers to be elected at the first
meeting Of the preferred stockholders
of this corporation and annually on
the Second (2nd) Monday of July, of
each year after year 1927, or at any
| adjourned meeting thereof for a term
4 of one Cd year and until their sue
cessors are elected and qualified.
At all elections of directors, each
holder of preferred stock, at the time
entitled to vote shall be entitled to as
many votes as shall equal the number
of his shares of preferred stock The
holders Of the common stock shall not
be entitled to vote by virtue of any
holding OF common stock.
Vacancies in the Board of Directors
may be filled by special meeting of the
Board OF Directors called for that pur-
pose.
Until the election Of said directors
and officers at the first meeting OF
stockholders of said corporation the
following named persons shall be and
constitute the Board of Directors:
E. w. Graves, Albert W. Stacy, Geo
E. Buxton, F. D. Hubbell, Geo. e. Jack
son, Jake Levy, James Logic, D. G
ONeil, Rex Rice, j. w. Tardy and w
G.. Gilmore.
i Until such Board of Directors shall
have been elected at the first stock.
holders meeting of this corporation ar1c
shall have elected permanent officers
the officers of this corporation shall
be the following named directors:
E. w. Graves, president.
Geo. e. Buxton, vice president.
Albert w Stacy, secretary treasurer
ARTICLE VI.
The highest amount of indebtedness
, or liability, direct or contingent tt
! which this corporation shall at an!
: time subject itself, or for which it ma!
become liable, shall not exceed th'
!. sum of Two-thirds (2-3) of the pa,
value of it's issued and outstanding
,, preferred capital stock.
ARTICLE VII.
! Private property of the stockholder
: of this corporation shall be, foreve
exempt from liability for its debts o
obligations.
!, IN WITNESS WHEREOF, we hav
: hereunto affixed our hands this 26tl
; day of July, A. D., 1927.
E. w. GRAVES,
ALBERT w. STACY,
GEO. E. BUXTON,
F. D. HUBBELL,
2 GEO. E. JACKSON,
JAKE LEVY.
James Logic
D. c.. O'NEIL,
REX RICE,
:. J.. w. TARDY,
: w. c. GILMORE.
kState of Arizona,
! County of Cochise-ss.
Before me, L. S. Gilmore, a Notar
: Public. in and for the County of CO
+ chise, State of Arizona, on this da
! personally appeared e. w. Graves
: Albert w. Stacy, Geo. E. Buxton, F.
! Hubbell Geo. E. Jackson, Jake Lev.
> D. C. O'Neil, Rex Rice, j. w. Tard
and w. G. Gilmore. known to me
+ be the persons whose names are sub
! scribed to the foregoing instrumen
+ and acknowledged to me that the
: executed the same for the purpose an
{ consideration therein expressed.
o Given under my hand and seal {
: office this 26th day of July, A. D., 1872
= L. S. GILMORE,
~ " (NotariaI SeaD Notary Publi
NV commission expires June 2, 1881
v State of California,
y |