Arizona republican., 1902-05-24

which the business of said corporation within the Territory of Arizona is to be transacted is Phoenix, Maricopa County. Arizona, and the principal place of business of said corporation outside the Territory of Arizona shall be the City of Detroit in the State of Michigan, at which meetings of the Board of Directors may be held, and the corporation may have such branch offices either within or without the Territory of Arizona as may be estab- lished 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. hypothecate and deal in lands and cattle, real estate and any and all kinds of personal property, mines, min ing claims. oil lands, mineral lands, oil, gas. asphaltum, petroleum water and water rights and machinery, and to work. mine, explore, operate and de velop the same; to do a general mer Cantile business; to own, handle and control letters patent and inventions and shares of capital stock of other corporations; to borrow money and eX- ecute notes. bonds, mortgages, or deeds of trust to secure the same, and to eX- ercise in respect of all such bonds. mortgages. notes. shares of capital stock and other securities and obliga- tions 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 ,,rrl,+ could do; and in general to do all things necessary to the proper conduct of the business of this corporation in the Territory and elsewhere, rot inconsistent with the laws of the United States and the Territory of Arizona.
 Third: The authorized amount of capital stock of this corporation shall be five hundred thousand dollars l ($500, ,O0O.00), divided into fifty thousand (50,00O) shares of the par value of ten dollars ($1000) each. At such time as the Board of Directors may by resolu- tion direct, said capital stock shall be paid into this corporation either in cash or by the sale and transfer to it of req or personal property for the uses and purposes of said corporation, in payment for which shares of the capi- tal stock. of said corporation may be issued, 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 transa ction 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 Sec retary of Arizona. and the termination thereof shall be twenty-five years i thereafter.
 Fifth: The affairs of this corpora tion shall be conducted by a Board of three Directors and the following named shall constitute the Board Of Directors until their successors are elected: s. M. McCowan, Emma Me Cowan, H. s. McCowan. Thereafter l the Board of Directors shall De elected from among the stockholders as the i bylaws of the corporation may pro- vide.
 i Sixth: The highest amount of in- debtedness or liability, direct or con- tingent. to which this corporation is ! aI any llIile SuDJcNl Sildll Dt Ollt dred thousand dollars (s100. 100000. Seventh: The private property of the stockholders of this corporation shall be exempt from corporate debts of any kind whatsoever
 l IN WITNESS WHEREOF, We have hereunto set our hands and seals this twenty seventh day of February. 1902
 H. s. MCGOWAN. (SeaD KATHERINE MCGOWAN. (SeaD | s. NJ MCGOWAN. (SeaD
 EMMA MCGOWAN. (SeaD State of Michigan,
 County Of Wayne, ss.
 Or this twenty-seventh day of Feb ruary, in the year 1902. before me Frederick R. Austin, a Notary Public in and for the State and County afore- said, residing therein, duly commits stoned and sworn, personally appeared H. s. McCowan and Katherine Me Cowan, known to me to be the persons described in. whose names are sub- scribed to, and who executed the an nexed instrument, and they acknowl- edged to me that they executed the same for the purposes and considera- tions 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) FREDERICK R. AUSTIN,
 Notary Public in and for Wayne
 County, Mich.
 My commission expires Oct 10, 1901 State of Kansas,
 County of COWley, sS
 On this third day of March, in tn, year 1902 before me, A. N. Benedict [ Notary Public in and for the State anc County aforesaid. residing therein duly commissioned and sworn. person. ally appeared Emma McCowan, knoWi to me to be the person described in whose name is subscribed to, and Wh' executed the annexed instrument. anC she acknowledged to me that she exc cuted the same for the purposes art considerations therein expressed.
 IN WITNESS WHEREOF, l haV' hereunto set my hand and affixed m; official seal, at my office i'll the saiC State and County, the day and yea last above written.
 (Seal) 4. N. BENEDICT.
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