The news-herald., 1902-11-01
Number T6.
the board Of directors.

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 thelwise dispose of, pledge, mort
gage, hypothecate and deal in real
estate and any and all kinds OF per-
sonal property, mining claims, OIL
lands mineral lands, oil, gas, aspna!.
tum, petroleum, water and water rights
and machinery, and to work, mine, ex-
plore, operate and develop the same,
to do a general real estate, manufacture
ing and mercantile business; to own
| handle and control letters patent and
inventions and shares of capital stock
| of other corporations; to borrow
money and execute notes, bonds, mort
| cages 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
/
powers, privileges Of individual own-
ers thereof, including the right to vote
upon any shares of stock held by it
to the same extent that q natural per- 8
son might or could do; and in general.
to do all things necessary to the
proper conduct of the business Of this
corporation in the territory and else
where, not 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 eight hundred thousand dollars
| $500, 100000, divided into eight hun
dred thousand shares, of the par value
OF one dollar ($1.00) each. At sucl
time as the board of directors may by
resolution direct, said capital stock
shall be paid into this corporation
either in cash or by the sale and trans
fer to it Of real or personal property
for the uses and purposes sf said cor
pGration, in payment for which shares
of the capital stock Of said corporation
may be issued, and the capital stock
so issued shall thereupon and thereby
become and be fully paid up and nom
assesssable, and in the absence Of act
ua fraud in the transaction the judg-
ment Of the directors as to the value Of
the property purchased shall be con-
elusive
Fourth: The time of the commence
ment Of this corporation shall be tho
date of the filing CT these Articles o
Incorporation in the office of the Sec
retary of Arizona, and the termination
thereof shall be twenty-five years
thereafter.
Fifth: The affairs of this corpora
tion shall be conducted by board o
seven directors, and the following
named shall constitute the board c
directors until their successors az,
elected: j. e. Krepps, ]. Il. Cullen, j
NJ. Friedman, j. w. Corl, c. G. Nj
Loughrey Thereafter the board of Iii
rectors shall be elected from among
the stockholders as the bylaws of thu
corporation may provide.
Sixth: The highest amount of in
debtedness or liability, direct or con
tingent, to which this corporation
at any time subject shall be three hun
dred thousand dollars ($300,O0O.O0).
Seventh: The private property 0
the stockholders. of this corporatiol
shall be exempt from corporate debt
of any kind whatsoever.
In witness whereof, We have hers
unto set our hands and seals, this Is
day of September, 1902.
J. w. CORL, (Seal
HOWARD R. SWEARER, (Seal
THOMAS r. LOUGHREY, (Seal
]. E. KREPPS, (Sea!
]. M. FRIEDMAN. (Sea
G. G. MCCARTHY, (Sea
State of Pennsylvania,
County of Allegheny. SIS.
On this 18th day of October, in til
year 1902, before me, H. S. Loughry,
notary public in and for the state ar
county aforesaid, residing therein, du
commissioned and sworn, personal
appeared J. E. Krepps, ]. M. Fried
man and ]. w Corl, Howard r. Swea
er, G. c. Mccarthy Thomas R. Loug
rey, known to me to be the persol
described III, whose names are su
scribed to, and who executed the al
nexed instrument, and they acknow
edged to me that they executed tt
same for the purposes and consider
tions therein expressed.
In witness whereof, l have hereun
set my hand and affixed my ofici