Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1901-01-03

specified this corporation shall have
the right to borrow usoney and con-
tract to repay tho sar,s at such time
or times and at such rate OF interest az
its board OF directors dircc.; they shall
have the right to mortgage, hypothe-
cate or pledge an. Of the property oS
this corporation, Or any property this
corporation may hereafter acquire, TO
rowed by II, or to secure any othss
debt of this corporation.
ARTICLE III.
The amount of the capital stock au-
thorized, and the time when and -
ditions upon which the Same -
paid in, are as follows :" -.pi.al
stock shall be $1,000, div j INTO 5000
shares of the par valr' J.: one dollar
per share; the capsG stock shall he
paid in full wher Subscribed, and at
ter being so pr / and certificates Is
sued thereon, sLch stock shall he nom
assossablo.
ARTICLE ".
The time OF the commencement Of
this corporation shall be the datn OF
the fling OF these articles ia the Office
" the county recorder Of MarIcopl
County. Arizona. to- wit: On the 18th
day of November. 1900. and the time Of
the termination OF this corporation
shall be twenty-five years thereafter.
ARTICLE v.
The officers ami persons by whom
Vat, - va.tu IL ,A.,It
conducted. and the times a. which they
shall be chosen, shall be as follows,
to-wit: A board of directors, con-
sisting of three stockholders, to be
elected annually on the nrst Monday
in March, at the office Of rhe corpora
tion in the city Of Phoenix. at ten
O'Clock in the forenoon Of said day:
the officers shall be president, vice
president, secretary and treasurer; the
secretary and treasurer may be one and
the same person, or The vice-president
and secretary may br one and the
same person; these officers shall be
elected at the first meeting of the
board Of directers held after their cleo
ton, from among the members of said
board. Until the first annual election
Of directors. and the election of the
officers of this corporation, the foifNw-
ing named persons shall he the direct
ors and officers of this corporation,
to- wit: s. NJ. MCGOWAN. Director and
president; j. Ernest Walker, diredto.
and vice. president; Hugh II. Price, d.
rector and secretary and treasurer.
ARTICLE VI.
The highest amount of Indebtedness
or liability to which this corporation
Is at any time to subject itself Is the
sum OF 5000.
ARTICLE VII.
The stockholders of this corporation
and their private property shall be ex-
empt from the corporate debts Of tbs
corporation.
ARTICLE VIII.
All vacancies In the board of direct
ors shall be filled by the remaining
members of the board. The board 81
directors shall have power to adop:
bylaws and prescribe In said bylaws
the method OF calling meetings of the
stockholders and board of directors.
Any meeting OF the board of directors
at which majority of the board shall
be present shall be deemed a legal
mneting and have the same power and
authority as a full board. whether no
tice Of the meeting shall have been
first given to the absent members Of
the board or not
ARTICLE IL.
These articles of incorporation may
he amended at the annual meeting OF
the stockholders, or at any special
meeting of the stockholders called for
that purpose; and whenever any
amendment shall be adopted at any
such meeting the same shall be cerii-
fled to by the president and Secretary
and have the same force and effect
as though signed by all the stockhold-
ers of the corporation.
In witness whereof. we have here
unto set our hands this 9th day Of
November. 1909.
S. NJ. MCGOWAN.
J. ERNEST WALKER.
w. X. MAULL.
G. V. SAYRE.
I3LAKEI.EY GRAHAM.
HUGH ii. PRICE.
q. X. SIP. Cncld.)
Territory of Arizona, County Of MARI
copa, SIS.
Before me, William English, a notary
public in and for the county and terri
tory aforesaid. on this day personally
appeared S. M. MCGOWAN. j Ernest
Walker, w. *. Maull, c. V. Sayre, II.
Graham and Hugh ii. Price, known to
mn To he the personS ,yfoaa namac arn
subscribed to the foregoing instru-
ment, and acknowledged to ne, each
for himself, and not one for the other,
that they executed thr saTc for the
purposes and consideration therein rx-
pressed.
Given under my hand and official seal
this 2Sth day Of November. 1900
[seall. WILLIAM ENGLISH,
Notary Pablo.
My commission expires March 10