Arizona republican., 1902-09-01

corporation either. in cash or by the sale. and transfer to it of real or per sonal property for the uses and pur- poses of said corporation, in payment for which shares of the capital stock of said corporation may be issued, and the capital stock so issued shall there upon and thereby become and be fully paid up and non n-assessab ble and in the absence of actual fraud in the tram sactiOn the judgment of the directors as to the value of the property pur- chased 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 board of three directors, and the following named shall constitute the board of directors until their successors are elected: T. I. Motter, William A RushwOrth, Samuel McRoberts. There after the board Of directors shall be elected from among the stockholders. as the bylaws of the corporation may provide. The officers of said corpora tion until their successors are elected shall be: T. I. Motter, president; Will liam A. Rushworth, vice president: James T. Maher, secretary; T. I. Mot ter, treasurer.
 Sixth: The highest amount of in- debtedness or liability, direct or con- tingent, to which this corporation is at any time subject shall be twelve thou sand dollars ($12,OOO), 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 here unto set our hands and seals this eleventh day of August, 1902.
 JAMES T. MAYER, (Seal) T. I. MOTHER, (Seal) WILLIAM A. RUSHWORTH (Seal) SAMUEL McROBERTS. (Se I) State of Illinois,
 County of Cook, ss.
 On this eleventh day of August, in the year 1902, before me, Charles w. Hinckley, a notary public in and for the state and county aforesaid, resid- ing therein, duly commissioned and sworn, appeared T. I. Motter, James T. Maher, William A. Rushworth and Samuel McRoberts. personally known to 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.
 (Notarial Seal)
 CHARLES W. HINCKLEY,
 Notary Public. My commission expires Dec. 3 1904. Territory of Arizona,
 County of Maricopa, ss.
 I. B. F. McFall, county recorder in and for the county and territory afore- said, hereby certify that I have com pared the foregoing copy with the original articles of incorporation of The Absal Company. filed and recorded in my office on the 18th day of August, 1902, in Book II of Interpretations, at page -. and that the 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 August, 1902.
 (Seal) B. F. McFALL
 County Recorder. By A. S. ARTHUR. Deputy.
 Filed and recorded in the office of the secretary of the Territory of Ari- zona this 18th day of August A. D. 1902, at D. m.
 ISAAC T. STODDARD,
 Secretary of Arizona. First publication August 27, 1902.