Arizona republican., 1902-12-23

($1.OO) each. At such time as the direct, said capital stock shall be paid into this corporation either in cash or by the sale and transfer to it of real or personal property for the uses and purposes of said corporation. in pay ment for which shares of the capital stock of said corporation may be is sued. and the capital stock so issued shall thereupon and thereby become and be fully paid up and n-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 purchased shall be conclusive. Fourth: The time of the commence ment of this corporation shall be the date of the filing of these articles of incorporation in the office of the secre- tary of Arizona. and the termination thereof shall be twenty-five years thereafter.
 Fifth: The affairs of this corpora tion shall be conducted by a board of 1 three directors, and the following named shall constitute the board of di- rectors until their successors are elected: Mark Silber, Myer Cohn ana Sigmund Frieberg. Thereafter the board of directors shall be elected from among the stockholders as the bylaws ] of the corporation may provide. The | officers of said corporation until their successors are elected shall be: MyeT Cohn. president; Sigmund Frieberg | vice e-president; Mark Silber, secretary Mark Silber. treasurer. Sixth: The highest amount of in- | debtedness or liability. direct or contin- gent, to which this corporation Is at | any time subject shall be two hundred thousand dollars ($2OO0OO). which amount does not exceed two-thirds the amount of the capital stock. Seventh: The private property of the l stockholders of this corporation shall be exempt from corporate debts of any kind whatsoever.
 In witness whereof, we have hereuntC set our hands and seals this 2Oth day of October. 1902.
 MARK SHEER, (SealO INFER COIN, (Seal)
 SIGMUND FRIEBERG, (Seal) State of Indiana,
 County of Marion, ss.
 On this, 2Oth day of October. in the year 1902, before me, Lawrence B. Da- wis, a notary public in and for the state and county aforesaid, residing therein, duly commissioned and sworn, personally appeared Mark Silber, Myer Cohn and Sigmund Frieberg, known 10 me to be the persons described in. whose names are subscribed to. and who executed the annexed instrument, and they acknowledged to me that they 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 above written.
 (SeaL) LAWRENCE B. DAVIS.
 Notary Public.
 My commission expires September 25, 1903
 Territory of Arizona
 County of Maricopa, ss.
 I. B. F. McFall, county recorder in and for the county and territory afore- said. hereby certify that I have com pared the foregoing copy with the or iginal articles of incorporation of THE SHEER COMPANY. filed and re- corded in my office on the 18th day of October, 1902, in Book No. 12 of Incor- pora tions, at page -, and that the same is a full. true and correct copy of such original. and of the whole thereof.
 Witness my hand and seal of office. this 18th day of October, 1902. (Seal) B. F. McFALL. County Recorder.
 By A. s. ARTHUR, Deputy.
 Filed and recorded in the office of the secretary of the Territory of Arizona this 25th day of October. A. D. 1902, at ? D. m.
 ISAAC T. STODDORD. Secretary of Arizona. First publication Dec. 23 1902