Arizona republican., 1902-12-24

G1.0O each. At such time as the board of directors may by resolution direct. said capital stock shall be paio into this corporatio 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 issuec shall thereupon and thereby become and be fully paid up and non-assessa- ble, 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 commence ment of this corporation shall be the date of the filing of these articles of incorporation in the office of the secre- tary 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 or three directors, and the following named shall constitute the board oi di-
 rectors until their successors are | elected: Mark Silber, Myer Cohn ana Sigmund Frieberg. Thereafter the
  | among the stockholders as the bylaws
 of the corporation may provide. The 1 officers of said corporation until their
 successors are elected shall be: Myei' Cohn, president; Sigmund Frieberg,
 ice-president; Mark Silber, secretary,
 Mark Silber. treasurer. Sixth: The highest amount Of in debtedness or liability, direct or contin- 1 gent, to which this corporation Is at
 any time subject shall be two hundred
 thousand dollars (s2OOOOO), which
 amount does not exceed two-thirds the | amount of the capital stock.
 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 hereuntC
 set our hands and seals this goth day | of October, 1902.
 MARK SHEER, (Seal)
 INFER COIN, (Seal) SIGMUND FRIEBERG, (Seal)
 State of Indiana,
 County of Marion, ss.
 On this, 20th day of October, iIr the ! year 1902, before me, Lawrence E. Da- | wis, q notary public in and for the state and county aforesaid, residing ! therein, duly commissioned and sworn, personally appeared Mark Silber. Myer | Cohn and Sigmund Frieberg, known 10
 me to be the persons described in, whose names are subscribed to, and
 who executed the annexed instrument, and they acknowledged to me that they | executed the same for the purposes and
 considerations 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.
 l (Seal) LAWRENCE B. DAVIS, Notary Public.
 My commission expires September | D. 19O3
 1 Territory of Arizona.
 County of Maricopa, ss.
 I. B. r. McFall county recorder in ! and for the county and territory afore- ! said. hereby certify that I have com | pared the foregoing copy with the or | iginaI articles of incorporation of THE l SHEER COMPANY. filed and re- corded in my office on the 18th day of ] October, 1902, in Book NO. 12 of Incor- l porations, at page -, and that the l same is a full, true and correct copy of such original, and of the whole ! thereof.
 ! Witness my hand and seal of office. [ this 18th day of October. 1902. 1 (Seal) B. F. McFALL County Recorder ] By A. s. ARTHUR. Deputy. Filed and recorded in the office of the l secretary of the Territory of Arizona | this 25th day of October, A. D. 1902, at ?. m.
 ISAAC T. STODDORD. Secretary of Arizona. ! First publication Dec 23. 1902.