Arizona republican., 1902-03-26

Aeeond: The general nature of the business proposed to be transacted by this Evaporation is as follows. towit:
 'Eo purchase, lease, bond, locate or otherwise acquire, own, exchange. sell or otherwise dispose of. pledge. mort gage hypothecate and deal in real estate and any and all kinds of per soaal property. mines. mining claims. oil laIsls, 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 d general real estate, man | ufacturing and mercantile business: to own. handle and control letters patent and inventions and shares of capital stock of other corporations ito 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 a0tal stock and other securities and obligations any and all rights. powers and privileges of individual owners
 thereof, including the right to vote upon any shares of stock held by il to lac same extent that natural person might or could do: and in general to do all things necessary to the proper con duct of the business of this cOrporatio in the Territory and elsewhere, not in consistent with the laws of the United States and the Territory of Arizona. Third: The authorized amount of capital stock shall be One million five hundred thousand dollars ($1.500,00 divided into one million five hundred
 thousand shares of the par value of One dollar (s1.0W each. At such time as the Board of Directors may by res olution direct. said capital stock shall
 be paid 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- asseesable. and in the absence of actual fraud in the transaction the judgment
 of the Directors as to the value of the property purchased shall be conclusive.
 Fourth: The time of the commence ment of this corpora ton shall be the
 date of the filing Of these articles of incorporation in the office of the See
 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 of
 Nine (9) Directors and the following named shall constitute the Board of Directors until their successors are elected: O. F. Jacobi, President; Louis H. Legler, Vice President: William H.
 Gilbert, Secretary; Philip J. Euler. Treasurer: Joseph C. Buchart, Jacob Hartz, William Swormstedt, Max H.
 Martin and Thomas B. Crow. There after the Board of Directors shall be elected from among the stockholders as the bylaws of the corporation may
 provide.
 Sixth: The highest amount of in
 debtedness or liability direct or con- tingent, to which this corporation is at
 asy time subject shall be Two thou sand five hundred dollars (S2. 5G000).
 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 herednto set our hands and seals this | -rl, gla