The news-herald., 1902-11-29

three thousand (S3,O00) dollars, being
three thousand shares of one dollar
each.
Article ".
The names and places of residences
of each of the subscr, ,ibers of the cap
ital stock are as follows:
William M. Judd, 108 Fulton St., Bor.
of Manhattan, New YORK City, New
York, 1%000 shares.
Herbert H. Shipherd, 1OS Fulton ST.,
Bor. of Manhattan, New York City,
New York, 1000 shares.
William H. Powell, 2S Elm St., Bor.
of Manhattan, New York City, New
York, 1000 shares.
Article V.
1. The affairs of this corporation are
to be conducted by a board of not less
than three directors, the number to be
determined by the bylaws, and elected
at such times and places as may be
determined in the bylaws, and the
said directors shall appoint or elect
such officers as the bylaws may pre-
scribe.
2. A majority Of the board of di-
rectors shall constitute a quorum CT
said board for the transaction of busi-
ness, and any meeting Of said board at
which quorum is present shall be
deemed regular meeting and have
the same authority as a full board,
whether notice of the meeting to the
absent members of the board shall
have been given or not.
3. The bylaws shall determine
whether and to what extent the ac-
counts and books of this corporation,
or any of them, shall be open to the
inspection of the stockholders; and no
stockholders shall have any right cf
inspecting any account or book, or
document of this corporation, except as
conferred by law or bylaws, or Dy reso-
luton of the stockholders.
4. The stockholders and directors
shall have power to hold their meet
ings and keep the books, documents
an Diapers of the corporation outside
of the territory of Arizona, at such
places as may be from time to time
designated by the bylaws or by reso-
luton of the stockholders, except as
otherwise required by the laws of the
Territory of Arizona.
pressly authorized to make, alter,
amend, rescind the bylaws of the COM
pany, to fix the amount to be reserved
as working capital, to fix the times fer
the declaration and payment of divi-
dends, to authorize and cause to be
executed mortgages and liens upon the
real and personal property of the com
pany, provided always, that a majority
of the whole board concur therein.
Article vi.
The corporation shall commence
business on the date these articles are
filed in the Office of the Secretary OF
Arizona, and shall terminate twenty
five years thereafter.
Article VII.
The highest amount of Indebtedness
or liability, direct or contingent, to
which this corporation shall subject
itself at any times is five hundred
thousand ($5OO,OOO) dollars.
Article VIII.
The private property of stockholders
of this corporation shall be exempt
from it's corporate debts.
Article *.
That G. H. Akers, a resident for
three years last past of Phoenix, Ari
2on, is the agent of this company, upon
whom all notices and processes, includ-
ing all services of summons, may be
served.
1t witness whereof, we have herellnto
subscribed our names this 18th day of
October, nineteen hundred and two.
WILLIAM M. JUDD. (SeaD
HERBERT H. SHIPHERD. (SeaD
WILLIAM 1. POWELL. (SeaD
State of New York,
County of New York, SIS,
On this 18th day of October, in the
year 1902, before me, Louis F. Braun,
Notary Public in and for the county
aforesaid, residing therein, duly COM
missioned and sworn, personally ap-
peared William M. Judu, Herbert H.
Shipherd and William Fl. Powell,
known to me to be the persons de-
scribed in, and 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, | have hereunto
set my hand and af1xed my official seal