Mesa free press., 1900-10-19

lines and other means of transpor .t-
tior, mining, manufacturing and othe, |
plants, and other buildings, works and
to act as agent, broker,
contractor, or trustee in respect to the
purposes.
Third. That the principal place of
business of said corporation shall be at
Phoenix, Maricopa county, territory of
and the places outside of said
territory where it may keep branch Of !
fees and transact it's business and con-
duct it's affairs thereat shall be at San
:.in the state of California,
nd.ipAany other state or place which
shall be determined by it's stock hold
ers or directors, subject to the control
Of the stock holders, from time to time
as its business may be deemed to re-
quire, the same as if specifically set
forth in these articles.
Fourth. That the amount of the cap
ita, stock authorized is five hundred
thousand $(5OO,O0O) dollars, and the
numberjof shares into which it is di-
vided is fve hundred thousand (501,-
G00) shares of the par value of one
($l. .OO) dollar each, the value Of which
stock is to be paid in cash or upon
such installments as the directors may
provide, or in real and personal prop
erty, contracts, agreements, laoor,
machinery, merchandise or materials,
in the discretion of the board of di'
rectors, upon the issue and delivery Of
said stock from time to time. Prefer
red shares of stock may be issued upon
such terms and conditions as may be
provided in the bylaw. 80
Fifth. That the time of the com
mencement of said corporation is the
first day of September Nineteen Hun
dred $4,000 and the time of it's terfhin-
alton is the first day of September,
Nineteen hundred and twenty-five
(1925.) ~ .F.*>
Sixth That the PERSONS Or officers
auth horized TO conduct, manage and@con-
troll the business and affairs Of said
corporation shall consist Of the stock
holders holding two-thirds (2-3) i'll
amount Of the outstanding stock Of the
corporation ,and board of directors
composed of such number of members
to be chosen by the stockholders, as
may be provided in the bylaws of the
corporation. The original bylaws
shall be adopted by the vote or sigma
ture of the stockholders holding two
thirds (2-3) of the subscribed stock.
Any resolution adopted by the holders
of two thirds (23) in amount of the
outstanding stock, whether adopted by
vote or on signature of such sharc1
holders without meeting shall abb
solutely control the affairs Of the COR
poration, and the tenure of Office of it's
directors and officers, so far as indicat-
ed in such resolution. The baord Of
directors shall have the management
and control of the affairs Of the corpo-
ration, subject to such resolutions, or
votes, of the stock holders. The names
Of the persons appointed to serve as
directors until their successors are
elected are c. J. Talon, 5 shares; Carl
w. Elfving, shares; J. w. Richards,
shares; Brewton A. Hayne, 5 shares;
r. P. Lathorp, s shares.
=" The directors will elect from their
number a president and vice president
and may elect managing director
They will also elect secretary and
such other officers as they may require,
none of whom need be directors, and
may confer upon such officers such
powers as the said board may deem
best.
Seventh. That the highest amount Of
indebtedness to which the corporation
is at any time to subject itself is three
hundred housand ($30O,OOO dollars.
Eighth. That the private property of
each and every officer and stock holder
in this corporation is to be exempt
from all corporate debts and liabili-
ties, and from execution of any and all
claims against this corporation; and no
claim or demand against the stock
holders thereof to any extent. No as
sessment shall be made upon any
stockholder except for calls upon un-
paid subscriptions to stock.
In witness whereof we have hereun-
to set our hands this first day Of Sep
tember Nineteen Hundred Q900.)
c.. }. TALON,
CARL w. ELFVING,
j. w. RICHARDS
r. P. LATHROP,
BREWTON A. HAYNE.
State of California.