The Coolidge examiner., 1938-06-23
ARTICLE V


of this corporation shall be the
date of filing of it's articles with
the Corporation Commission Of the
State of Arizona, and the record
ing of the same in the office of the
County Recorder of Pinal County,
Arizona, and the termination there
of shall be twenty five (25) years
thereafter, and the corporation
shall have the right to renew it's
charter and franchises for an adj
ditional period of twenty five (25)
years as now provided by law.
ARTICLE VI
(a) The management and con-
troll of the business, property and
affairs of the corporation shall be
vested in, and conducted by, a
board of directors consisting of
three (3). All directors, except in
case of vacancies, shall be elected
by the stockholders az their an
nual meeting, except the first board.
The first board of directors are
Y. c White, w. c. Ketchersid, and
c. j. Preece, and they shall act
until their successors shall have
been elected at the first annual
meeting of the stockholders.
(b) The officers of the company
shall consist of a president, vice
president, secretary and treasurer,
and such other officers as the
board of directors shall deem ex-
pedient, and all shall be elected
or appointed by the board of dire
ctors. Any one or more offices may
be held by the same person when
authorized by the board of direc-
tors Until the first meeting of
the board of directors after the
first annual meeting of stockhold-
ers, and until their successor shall
have been elected and qualified, the
following named persons shall be
the officers of this corporation:
Y. G.. White, President
c. J. Preece, Vice-president.
w. c. Ketchersid, Secretary
Treasurer.
(c) Both the officers and direc-
tors shall hold their offices for the
period of one year from and after
their election and until their sue
cessors are elected and qualified.
ARTICLE VII
The first annual meeting of the
stockholders of the corporation
shall be held on the 10th day of
May, 1898, and the regular annual
meeting of the stockholders shall
be held on the first Monday of
January of each year thereafter.
ARTICLE VIII
(a) The directors shall have
power to make and alter the by
laws of the corporation, to fix the
amount to be reserved as working
capital, and to authorize and cause
to be executed mortgages, notes and
other obligations which shall be
liens upon the property and fran
chise of the corporation, and, in
general, to exercise all the power
and authority of the company not
expressly Withheld from them by
law, or by these articles of incor-
pOratiOn, or by the affirmative ac-
ton of the stockholders
In furtherance and not in limita-
ton of the powers conferred by
statute and by this certificate of
incorporation, the board is express
ly authorized:
(b) To hold it's meetings at
place specified by them, to have
one or more officers and to keep
the books of the company within
the State of Arizona, at such place
or places as may be, from time to
time, designated by the bylaws of
the company, or by resolution of
the board of directors, except such
books as may be required by law
to be kept at the principal offices
of the company, in the state of Ari-
zona; to keep a transfer book in
which the transfers of stock can
be made, entered and registered,
and also a book containing the
names and addresses of the stock
holders, and the number of shares
held by them, respectively.
(c) To remove at any time, by
the affirmative vote of the board,
any officers elected or appointed
by them, and tc appoint other Of
ficers, as they see fit, and to fill
vacancies that may occur from any
cause whatsoever.
Cd To declare dividends, COM
missions, and to use and apply
surplus earnings or accumulated
profits of the company to the pur-
chase or acquisition of property,
or the corporations own capital
stock in such a manner and upon
such terms as they shall determine,
and to authorize the reissue and
sale of any such stock so acquired.
ARTICLE TX
The stockholders and m6mbers Of
this corporation, and their private
property, shall be exempt from any
liability for the debts of this cor
pOration.
ARTICLE x
With the consent of the holders
of two-thirds (2-3) of the amount
of the capital stock of this cor
pOration issued and outstanding,
when expressed by resolution adopt
ed at a regular meeting of stock
holders of the company, duly call
ed and held pursuant to the by
laws the directors shall have au-