Arizona republican., 1902-03-05
ARTICLE III.

business. It shall have the right and authority to buy. sell and deal in all kinds of personal property it shall also have the right to buy. own, sell, and deal in real estate: it shall also have the right 70 do a general warehouse and brokerage business. and for the purpose of carry ing on it's said business it snail be au- to borrow money and contract to pay the same at such time CT times and at such rates of interest as its Board of Directors may deem proper And it shall have the right to hyp0the- cate. mortgage or pledge all or any part of it's property which 1t now owns or may hereafter acquire. to secure the payment of any money or moneys bor- roweI or owed by it. as it's Board of Directors may deem advisable.
 ARTICLE ".
 The amount of the capital stock of this corporation shall be Fifty Thou sand Dollars. divided into five hundred shares of the par value of one hundred dollars per share, and the same shall be paid into the company on making subscription therefor. the amount so either in cash or in prop erty, and no stock shall be issued until the same shall have been fully paid either in money or in property. and the same when so issued shall be there after non-assessable.
 ARTICLE "
 The highest amount of indebtedness or liability to which this corporation shall at any time subject itself or be is the sum of Thirty-f Thousand Dollars.
 ARTICLE VI.
 The stockholders of this corpora tion and their private property shall be ex- empt from the corporate debts of the 
 ARTICLE VII.
 The affairs Of this corporation shall be conducted by a Board of Directors consisting of three stockholders who shall be elected annually by the stock holders. on the I'd Monday in January of each year Said Directors shall hold their office for the term of one year. from the date of their election and un- til their successors shall be duly quali- fled and elected. unless they shall in the meantime cease to be stockholders in the corpora ton. Any person ceasing iH be q stockholder in the corporation shall cease to be Director or officer in the same.
 The following named persons who are to the capital stock of this corpora tion sball constitute the officers and Board of Directors thereof. until the 2d Monday in January. 1909. and until their successors shall have been luly elected or appointed and qualified. namely:
 Waiter Hill. President and Director. Clarence r. Hamsher. Secretary. Treasurer. and Director.
 William M. Hansher Director.
 Vacancies in the Board of Directors -han be filled bE- the remaining mem oa.s of the Board. for the unec;pired -erm for which such persons were elected. X majority of the Board of Directors of this corpora tion shall con stitute q quorum. and any meeting Of he Board of Directors at which q quo rum is present shall be deemed a legal meeting and have the same powers as ] full Board whether notice of the meeting shall have been first given 10 the absent members Of the Board or not.
 ARTICLE VIII
 The officers of this corporation shall be a President, Secretary and Treas urer. who shall be elected annually by the Board of Directors at their first annual meeting In each year, from among their number. The President shall be the Chief Executive Officer of the corporation and shall have the gen aral management of all it's affairs. suo- iect tn the approval of the Board of Directors. The offices of Secretary and rreasurer may be held by one and the same person. All certificates of stock. contracts, deeds and conVeyances shall be signed in the corporate name by the President. and be countersigned by the Secretary. and have affixed thereto the seal.
 ARTICLE IN.
 The Board of Directors shall have power to appoint such agents to aid in the management of it's business and in conducting the affairs Of the corporation as they md% from time to time deem advisable. and may vest in such agents such powers as they may deem eXpedient. The Board of Directors of this corpora ton shall have power to establish bylaws. and make all rules and regulations deemed eXpedient for the management of the affairs of this corporation and the officers thereof. not inconsistent with the Constitution and Laws of the United States and Laws of Arizona.
 ARTICLE x.
 These Articles of Incorporation may be amended at any regular meeting of the stockholders, or at any special meeting called for that purpose. by the affirmative vote of ma ajority of the stockholders. and such amendments when signed and acknowledged by the President and attested by the Secretary of the corporation. and recorded and published as original articles are re- Guired to be published. shall have the same force and effect as the original 
 IN WITNESS WHEREOF. We have hereunto set our hands this 2d day of January. 1902
 WALTER HILL.
 CLARENCE r. HAMSHER. Territory of Arizona.
 County of Maricopa, ss.
 Before me. |. w. COggins. a Notary Public in and for Maricopa County, Arizona. on this day. personally ap- peared, Walter Hill and Clarence F, Hamsher. to me known to be the per .l b.A