Douglas daily dispatch., 1927-09-06

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, 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 ".
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 term
of One % 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
4O1AOWAA4S Alc1llCQ kJCIoO4lS ollct11 NC dllO
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.
O'Neil, Rex Rice, j. w. Tardy and W..
G.. 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 (2-3) 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 its debts or
obligations.
IN WITNESS WHEREOF, we have
hereunto affixed our hands this 26th
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,