Arizona republican., 1901-05-17
above mentioned purposes.

I
 Third: That the amount of the cap ital stock of said corporation is ant shall be Four Hundred and Fifty Thou sand dollars ($45O,000); that tn, number of shares into which it is ant s,hall be divided is Four Hundred ant Fifty Thousand (45O,OOO) of the pa value of One Dollar ($1. .OO) each: ant that said capital stock shall be paid ir at such times and in such manner ant upon such conditions as the Board o Directors of said corporation shall iron | time to time determine and authorize Fourth: That the term for which said corporation is to exist is twenty five (25) years from and after the date of itG' incorporation.
 | Fifth: That the business and affairs of said corporation shall be managed and controlled and are to be conducted | by board of five (5) Directors, who shall be elected at meeting of the stockholders of said corporation to be held on the first Tuesday in May of each year, and shall hold office and | serve for one year from and after the date of their said election, and until the election of their successors. Sixth: That the highest amount of indebtedness or liability to which the said corporation is at any time to sub ject itself is at no time to exceed the | sum of Two Thousand Dollars (s2.- 000.00).
 Seventh: Among the powers of this corporate body shall be: 1. To have perpetual succession. 2. To sue and be sued by its corporate name. 3. To have a common seal. 1. To render the shares of interest of stockholders transferable. and prescribe the mode of making such transfers. !. To exempt the private property of members from liability for corporate debts, which is hereby done. 6. To make contracts, acquire and transfer property. possessing the pow CTS in such respects as private individ- uals now enjoy. 7 To establish by laws and make rules and regulations deemed expedient for the management of their affairs. not Inconsistent with the constitution and laws of the United States and the Territory of Arizona. s. These Articles of Incorporation may be altered and amended by a two- thirds vote of all stockholders of this corporation. at any regular meeting of said stockholders, or any special meet ing expressly called for that purpose, and the same shall be filed with the County Recorder of Maricopa County, as required by law.
 Eight: That the private property of the stockholders of said corporation is to be exempt from any and all liability for corporate debts of said corporation.
 In witness whereof. we have here unto set our hands and seals this 4th day of May A. D. 1901.
 w. c. CARPENTER. (Seal.)
 c. J. RAIDER. (Seal.)
 H. l.. SHERWOOD. (Seal.)
 CHARLES R. MERRIAM. (Seal.)
 RICHARD J. CLINE. (Seal)
 Signed and sealed in the presence of R. B. Treat.
 State of California, City and County of
 San Francisco. so
 On this 4th day of May in the year A. D. one thousand nine hundred and one Q90D before mo. R. B. Treat, a Notary Public in and for the said City and County of San Francisco, State of California, duly commissioned and sworn. personally appeared w. c. Car penter C. J. Rader. H. L. Sherwood and Richard J. Cline, known to me to be the persons whose names are sub scribsd and who executed the within and foregoing instrument. and each and every one acknowledged to me that he executed the same.
 In witness whereof. have hereunto set my hand and affixed my official seal the day and year last above writ ten.
 (Seal) R. B. TREAT. Notary Public in and for the City and
 County of San Francisco, State of
 California.
 Ten ct. I. R. Stp. Cncld.
 State of California, City of San Jose,
 County of Santa Clara. ss.
 On this 1th day of May in the year A. D. one thousand nine hundred and one G90D before me, Wm. T. Aggeler a Notary Public in and for the County of santa Clara, State of California, duly commissioned and sworn. personally Charles R. Merriam, known to me to be the person whose name Is subscribed and who executed the with