Douglas daily dispatch., 1927-08-30
LEGAL NOTICES.

>~~~~~~~~~~~>>~-~-
of Directors may determine.
In the event of any liquidation, dis
solution or winding up, whether VOL
untary or involuntary, of the corpor-
alton, or Of any distribution of its as
sets to, or among, it's stockholders, the
holders of the preferred stock shall
be entitled to be paid in full, both the
full par amount of their shares ana
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 w.
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 a Board OF Directors,
consisting of Eleven CID persons and
I,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 (2n6 Monday Of July, OF
each year after year 1927, or at any
adjourned meeting thereof for term
of One ID 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
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. Q.
O'Neil, Rex Rice, j. w. Tardy and W.
c.. Gilmore.
Until such Board of Directors shall
have been elected at the first stock
holders meeting of this corporation and
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 to
which this corporation shall at any
time subject itself, or for which it may
become liable, shall not exceed the
sum of Two-thirdS (23) of the par
value of it's issued and outstanding
preferred capital stock.
ARTICLE VII.
Private property of the stockholders
of this corporation shall be forever
exempt from liability for it's debts or
obligations.
IN WITNESS WHEREOF, we have
hereunto affixed our hands this 18th
day of July, A. d. 1927.
E. w. GRAVES,
ALBERT w. STACY,
GEO. E. BUXTON,
F. D. HUBBELL,
GEO. E. JACKSON,
JAKE LEVY.
James Logic
d. G. O'NEIL,
REX RICE,
j. w. TARDY,
w. G. GILMORE.
State of Arizona,
County of Cochise-ss.
Before me, L. S. Gilmore, Notary
Public in and for the County OF Co
chise, State of Arizona, on this day
personally appeared E. w. Graves,
Albert w. Stacy, Geo. E. Buxton, F. D..
Hubbell, Geo. E. Jackson Jake Levy,
i d. G. O'Neil, Rex Rice, j. w. Tardy
and w. G. Gilmore. known to me to
be the persons whose names are sub
scribed to the foregoing instrument,
and acknowledged to me that they
executed the same for the purpose and
consideration therein expressed.
Given under my hand and seal OF
office this 26th day of July, A. D., 1927.
L. S. GILMORE,
(Notarial SeaD Notary Public.
My commission expires June 2, 1881.
State of California,
County of Los AngeleS-ss.
Before me, Gertrude P. Peters, a
Notary Public in and for the County
of Los Angeles, State of California, on
this day personally appeared James
Logic, known to me to be the person
whose name is subscribed to the fore
going instrument and acknowledged to
me that he executed the same for the
purpose and consideration therein ex-
pressed.
Given under my hand and seal of Of
flee this 3rd day of August, A. D.,
1927.
GERTRUDE P. PETERS,
(Notorial SeaD Notary Public.
My commission expires December 2,
1928.
ENDORSEMENT