Arizona republican., 1902-05-15

tgage, hypotheCate and deal in real estate and any and all kinds of per sonal property. mines. mining claims. | oil lands, mineral lands. oil, gas. as phaltum. petroleum, water and water rights and machinery. and to work. mine, explore, operate and develop the same; to do q general real estate, man. Iufacturing and mercantile business; to own. handle and control letters pa tent and inventions and shares of capital stock of other corporations: to borrow money and execute notes, bonds. mort gages. or deeds of trust to secure the same. and to exercise in respect Of all such bonds. mortgages, notes, shares of capital stock and other securities and obligations any and all rights. pow CTS and privileges of individual owners | thereof. including the right to vote | upon any shares of stock held by it tn the same extent that natural persnl might or could do; and in general to do all things necessary to the proper con duct of the business of this corpora ton in the Territory and elsewhere. not Inconsistent with the laws of the Unit ed States and the Territory of Ari- zona
 Third:
 The authorized amount of capital stock of this corporation shall be one million dollars ($100O,OO0) divided into one million shares of the par value of one dollar ($1.00) each. At such time as the Board of Directors may by resoiu- ton direct said capital stock shall be Ipaid into this corporation either in cash or by the sale and transfer to it of real or personal property for the uses and purposes of said corporation, in payment for which shares of the capital stock of said corporation may be issued. and the capital stock SO is sued shall thereupon and thereby be- come and be fully paid up and non Iassessable. and in the absence of ac- tual fraud in the transaction the indg- ment of the Directors as tn the value of the property purchased shall be con elusive.
 Fourth:
 The time of the commencement of this corporation shall be the date of the filing of these Articles of IncOrpora- tion in the office of the Secretary of Arizona, and the termination thereof shall be twenty-five years thereafter.
 Fifth:
 The affairs of this corporation shall be conducted by Board of seven Di- rectors and the following named shall constitute the Board of Directors un- til their successors are elected: Alfred P. Hanan, Charles F. Lusch and J. R. Stevens of the City of New York; B. F. Hallet of Atlanta. Georgia: J. H. Ed wards. C. L. Emmons and G. H. GrUbD of Kalispell, Montana. Thereafter the Board of Directors shall be elected from among the stockholders as the bylaws of the corporation may provide.
 Sixth:
 The highest amount of indebtedness or liability. direct or contingent, to which this corporation is at any time subject shall be two hundred thousand dollars C$oO0,00O).
 Seventh:
 The private property of the stock holders of this corpora ton shall be eE empt from corporate debts of any kind whatsoever.
 IN WITNESS WHEREOF. We have hereuntO set our hands and seals this eight day of April. 1902.
 ALFRED r. IIANAN. (SealO
 CHAS. F. LUSCH. (Seall
 J. R. STEVENS. (SeaL) State of New York.
 County of Kings. ss.
 On this eighth day of April. in the year 1902, before me, Jean B. StouVenel. a Notary Public in and for the State and County aforesaid. residing therein. duly commissioned and sworn. person. ally appeared Alfred P. Hanan. known to me to be the person 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.
 (Notarial Seal)
 JEAN B. STOUNENEL.
 Notary Public. My commission expires March 3Oth. 19O3
 State of Texas,
 County of Dallas. Ss.
 On this twelfth day of April in the year 1902. before me. R. E. Gahogan. a Notary Public in and for the State and County aforesaid. residing therein, duly commissioned and sworn, person. ally appeared Chas. F. Lusch. Known to me to be the person described in. whose name is subscribed to. and who executed the annexed instrument. and he acknowledged to me that he exc cuted 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.
 (NOtarial SeaL)
 F. F. GAHOGAN. Notary Public,