Arizona republican., 1901-11-12

sistent with the laws of the United States and the Territory of Arizona. Third.
 r The authorized amount of capital
 stock of this corpora tion shall be One
 Hundred and Fifty Thousand ($150.OOOi | Dollars divided into fifteen thousan, l G5.00O) shares of the par value of Ten | (x10.00) Dollars each. At such time as
 the Board of Directors may by resolu- | ton direct. said capital stock shall be
 paid into this corporation either in cash
 or by the sale and transfer to it of per sonal property for the uses and pur- | poses of said corporation. in payment for which shares of the capital stock
 of said corporation may be issued. and | the capital stock so issued shall there l upon and thereby become and be fully 1 paid up and non-assessa ble, and in the absence of actual fraud in the trans action the judgment of the Directors | as to the value of the property pur- chased, shall be conclusive. Fourth. The time of the commencement of | this corporation shall be the date of the filing of these Articles of Incorporation
 in the office of the Secretary of State of Arizona. and the termination thereof shall be twenty-five years thereafter. | Fifth.
 The affairs of this corporation shall be conducted by Board of Four Di- | rectors and the following named shall constitute the Board of Directors until their successors are elected: Fred P 1 Kern. Fred M. Kern. c. A. Winston, | and Fayette s. Munro. Thereafter the Board of Directors shall be elected from among the stockholders as the bylaws of the corporation may pro- vide.
 Sixth.
 The highest amount of indebtedness
 or liability. direct or contingent. to which this corporation is at any time subject shall be One Hundred and Fifty | Thousand s15v.OOO.oO).
 Seventh. The private property of the stock holders of this corporation shall be ex- empt from corporate debts of any kind whatsoever.
 In Witness Whereof. we have here
 unto set our hands and seals this goth
 day of October. 1901.
 FRED P. KERN, (Seal.J
 FRED NJ. KERN. (Seal.l
 C. A. WINSTON (Seal, | FAYETTE s. MUNRO. (Seai) State of Illinois. County of Cook ss On this 30th day of October in the year 1901. before me. Theodore C. Klotz 1 a Notary Public in and for the State and County aforesaid. residing therein
 duly commissioned and sworrl person. | ally appeared Fred P. Kern. Fred NJ Kern. C. A. Winston. and Fayette S. Munro. known to me to be the persons described in. whose names are sub scribed to- and who executed the same ! for the purposes and considerations therein expressed.
 In Witness Whereof, I have hereunto set my hand and affixed my official seal
 at my office in the said State and County. the day and year last abovs
 written.
 | (Seal) THEODORE C. KLOTZ. Notary Public. ! My commission expires Sept :. 19Os i Territory of Arizona, County of Mari copa, ss.
 l. B. F. McFall. County Recorder in
 and for the Territory aforesaid, here.
 by certify that I have compared the
 foregoing copy with the original Ar | ticles of Incorporation of the The
 Fred P. Kern Co.," filed and recorded
 in my office on the 4th day of Novem- Der. 1901 in Book No. of Art of h. corp: at Page -, and that the same is
 full. true and correct copy of such
 original and of the whole thereof. Witness my hand and seal of office
 this 4th day of November. 1901. (Seal) B. F. McFALL, County Recorder. ! By A. s. ARTHUR, Deputy.
 Filed in the office of the Secretary of
 the Territory of Arizona this 5th day of November, A. D., 1901. at ? D. m. ISAAC T. STODDARD. Secretary of Arizona. First publication Nov. 9.