Arizona republican., 1902-09-07

ed into Ten Thousand 100000 shares Of the par value of One Hundred QO0) Dollars each At such times as the Board of Directors may by resolution 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 non-assess- able, and in the absence of actual fraud in the transaction the judgment of the l 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 Sec retary 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 not exceeding nine Directors and the following named shall constitute the Board of Directors until their success sors are elected: w. R. Drake, F. M. Barnes, T. c. Brinkley. A. l.. Austin. John N. Glidden, G. s. Edwards, J. Whitehead, and
 Thereafter the Board of Directors shall be elected from among the stock holders as the bylaws of the corpora ton may provide.
 Sixth: The highest amount of in- debtedness or liability direct or con- tingent to which this corporation Is at any time subject shall be Six Hundred Fifty Thousand (65O, ,OOO) Dollars.
 Seventh: The private property of the stockholders of this corporation shall be exempt from corporate debts of any kind whatsoever.
 In Witness Whereof, We have here unto set our hands and seals this 29th day of August. 1902.
 VIM. R. DRAKE (L. S.)
 THOS. c. BRINKLEY QL. S.)
 JOHN WHITEHEAD L. S.)
 CLARK s. EDWARDS CL. S.) In the presence of
 1 LEON LASKI.
 M. l.. CURLEY.
 State of New York.
 County of New York, ss
 On this 29th day of August in the year  tary Public. in and for the State and County aforesaid. residing therein. duly commissioned and sworn personally appeared w. R. Drake, T. C. Brinkley. C. s. Edwards and J. Whitehead. known to me to be the persons de- scribed in, whose names are subscribed to and who executed the annexed in- strument, and they acknowledged to me that they executed the same for the purposes and consideration therein expressed.
 In Witness Whereof, have hereunto set my hand and affixed my official seal at my office in the said State and Coun- ty. the day and year last above writ ten. LEON LASKI.
 Notary Public Q4) N. Y. C.. CNotaral Seal)
 Territory of Arizona,
 County of Maricopa. ss.
 I. B. F. McFall, County Recorder in and for the County and Territory aforesaid. hereby certify that l have compared the foregoing copy with the original Articles of Incorporation of the Industrial Trust and Securities Com pany, filed and recorded in my office on the 3rd day ot September, 1902, in Book No II of Interpretations at Page -, and that the saUe is a full. true and correct copy of such original and of the | whole thereof.
 Witness my hand and seal of office, this 3rd day of September, 1902. ! (SealO 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 3d day of September, A. D. 1902 at ? p. m.
 ISAAC T. STODDARD,
 Secretary of Arizona. First publication September 6. 1902.