Arizona republican., 1902-01-06

stock of this Corporation shall be Fifty | Thousand dollars (s5o, ,OOO.OO) divided into one hundred GOO shares of the par value of Five Hundred dollars (s500.00) each. At such time as the ! Board of Directors may by resolution direct. said capital stock shall be paid ] into this Corporation either in cash or l 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 Directors as to the value of the prop erty purchased shall be conclusive. FOURTH: The time of the commencement of this Corporation shall be the date of the filing of these Articles of Incorpo- ration in the office of the Secretary l of Arizona. and the termination thereof shall be twenty-five years thereafter FIFTH:
 The affairs of this Corporation shall be conducted by Board of Five Direc- tors and the following named shall con stitute the Board of Directors until their successors are elected: J. c. Mahan. T. H. Mahan. F. B. Garcelon. William Meyer. Thereafter the Board of Directors shall be elected from among the stockholders as the By Laws of the Corporation may provide. SIXTH:
 The highest amount of indebtedness or liability, direct or contingent. to which this Corporation is at any time h .l 1,u lars ($10, ,OOO.OO).
 SEVENTH:
 The private property of the stock holders of this Corporation shall be ex- empt from corporate debts of any kind whatsoever.
 IN WITNESS WHEREOF We have hereunto set our hands and seals this 30th day of December. 1901.
 J. P. MAHAN. (SeaD
 r. B. GARCELON, (SeaD
 T. H. MAHAN. (SeaD
 l.. r. ROSS. (SeaD
 WILLIAM MEYER. CSeaD State of Kansas.
 County Of Sedgwick. ss.
 On this 30th day of December. in the year 1901. before me. s. T. Joceiyn. a Notary Public in and for the State and County aforesaid, residing therein. duly commissioned and sworn. person. ally appeared J. r. Mahan. T. Ii. Ma han, William Meyer. F. E. Garcelon and l.. F. Ross. known to me to be the persons described in. whose names are subscribed to. and who executed the annexed instruments and they ac- knowledged to me that they executed the same for the purposes and consia- erations therein expressed.
 IN WITNESS WHEREOF. I hrve hereunto set my hand and affixed nty Official Seal. at my office in the said State and County. the day and year last above written. CNotarial SeaD $. T. JOCELYN.
 Notary Public. My commission expires Dec. 10, 19Of- Territory of Arizona.
 County of Maricopa, ss.
 l. B. F. McFaH. 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 Mahan Supply Company filed and recorded in my office on the 3rd day of January l, 1902. in Book No. of In corporations at Page - and that the same is q full. true and correct copy of such original and of the whole thereof.
 WITNESS my hand and seal>of office this 3rd day of January. 1902.
 (Seal) E. F. M'FALL.
 County Recorder. By A. s. ARTHUR, Deputy. Filed and recorded in the office of the Secretary of the Territory of Ari- zOna this 3rd day of January. A. D., 1902. at 2:3O D. m.
 ISAAC T. STODDARD.