Arizona republican., 1902-08-12

pal place of business outside the Terri tory of Arizona shall be the City of Lexington in the State of Georgia, at which meetings of the Board of Di rectors may be held. and the corpora ton may have such branch offices either within or without the Territory of Arizona, as may be established by the Board of Directors.
 Second: The general nature of the business proposed to be transacted by this corporation is as follows, to-Wit:
 To purchase, lease. bond, locate or otherwise acquire, own, exchange, sell or otherwise dispose of, pledge, mort gage, hyputhcCate and deal in real es tate and any and all kinds of personal property. mines, mining claims. oil lands, mineral lands. oil, gas. as phaltum. petroleum. water and water rights and machinery, and tu work, mine, explore, operate and develop the same; tu do q general real estate, man ufacturing and mercantile business; to own, handle and control letters patent and inventions and shares of capital stock uf other corporations: to borrow money and execute notes, bonds, mort gagcs or deeds of trust to secure the same; and tO exercise i'll respect of all such bonds, mortgages. notes, shares of capital stock and other securities and obligations, any and all rights. powers and privileges of individual owners thereof, including the right to vote upon any shares of stock held by it to the same extent that q natural person might or could do; and in gen cral to du all things necessary 10 the proper conduct Of the business of this corporation in the Territory and else where. rot inconsistent with the laws of the United States and the TerritOr:- Of Arizona.
 Third: The authorized amount of capital stock of this corporation shall be Five Hundred Thousand dollars ($50o. .GoO. divided into five hundred thousand shares of the par value of one dollar t$l.GW each. At such tim" as the board of directors may by reSo- luton direct said capital stock shall be paid into the corpration, either ln cash or by the sale and transfer to it of real and personal property for the uses and purposes uf said Curpurat on, in payment for which shares of the capital stock of said corporation may be issued. and the capital stock 50 issued shall thcrcupon and thereby be come fully paid up and nun-assessa- ble. and in the absence of actual fraud in the transaction the judgment of the directors as to the value of the prop erty shaI he conclusive.
 Fourth: The time of the commence ment of this corporation shall be th" date of the filing of these Articles Of Incorporation in the office of the Sec retdry of Arizona, and the termination thereof shall be twenty-five years thereafter.
 Fifth: The affairs of this corpora- tion shall be conducted by Il board of three (3) directors. and the folloWin. named shall constitute the board of directors until their successors Hr" elected: l.. C. Miller, J. F. Seibrrling and ivy l.. Miller. Thereafter tn" boarI of directors shall be elected from among the stockholders as the I:y-Laws of the corporation may provide.
 Sixth: The highest amount of iudeht- edness ur liability. direct or contingent to which this corporation is at any time subject shall be two hundred md fifty thousand dollars ($351. COO.
 Seventh: The private property of the stockholders of this corporation shall be exempt from corporate debts of anY kind whatever.
 h witness whereof. we have hrreuuto set our hands and seals this 2nd day of July, 1902.