The Tucson citizen., 1902-03-17

their discretion determine. In the
event of the dissolution of the corpor-
alton, the surplus assets and funds
thereof shall be applied In the first
place to repaying the holders of the
preferred stock the full amount of the
principal thereof and accrued divi-
dends, II any, before any amount shall
oe paid upon the common stock, and
after such payment the surplus assets
and funds shall belong to and be d-
vided among the holders OF the other
shares.
Said corporation shall have the
power to purchase the said preferred
capital stock from the ,nen owner or
holder thereof at any time after the
expiration of five years from the is
suance thereof, at such times and in
such manners as the said corporation
may elect by the payment to the then
owner or holder thereof of the par
value Of said stock and the accrued
dividends, If any, then unpaid, pro-
vded, however. that notice OF such in
tention to purchase shall be given to
said owner or nolder OF said preferred
capital stock, sixty days In advance
of the time of such purchase. by a
written notice. addressed to him and
mailed to his last known postofflce ad-
dress.
All subscribers for or owners or
holders OF either preferred or CON-
mon stock shall. by taking and hold
ing the same, be held to agree to the
provisions herein contained respect
ing the said referred capital stock.
ARTICLE w
The time of the CONNIE ncementN of
this corporation shall be the date on
which these articles are filed in the
Office Of the County Recorder Of said
County OF Pima. and this corpora
tion shall exist for twenty-five years
from and after such commencement.
ARTICLE V
The affairs of this corporation shall
be conducted by a Board of Directors
composed OF three stockholders, to be
in April. 1902 and until such election.
F. II. Dunham, A. NJ Dunham and Fl.
o. Meyer shall act as such directors.
ARTICLE VI
The highest amount of Indebtedness
to which this corporation shall sub
iect itself shall be fifty thousand dol
lars.
ARTICLE VII
The private property of stockholders
OF this corporation shall be exempt
from all liability for the debts of this
corporation.
ARTICLE VIII
These articles OF incorporation may
be amended by two-thirds vote of the
stockholders of this corporation at
any time at any regular meeting of the
stockholders or any special meeting
called for that purpose. and the amend
ments shall be filed win the County
Recorder of said County of Pima and
printed as required by law.
ARTICLE TX.
| The directors of this corporation
may adopt bylaws for the guidance OF
this corporation at their first or any
subsequent meeting. Elections OF di-
rectors shall take place and regular
stockholders meetings shall be held
on the first Wednesday in April of
| each year.
In witness whereof. we nave here
unto p our hands and seals this 18th
day of February 1902.
F. Fl. DUNHAM.
(SeaL)
A. NJ. DUNHAM.
(Seal.)
II. o. MEYER,
(Seal)
State Of California. County of Los
Angeles-ss.
On this 18th day of February. 1902.
before me John C. Bewley. the UNDER
signed Notary Public in and for
the County of Los Angeles, State of
California, residing therein. duly COM
missioned and sworn. personally ap-
peared F. II. Dunnam. A. Nj. Dunham
and II. 0. Meyer. personally known to
me to be the same persons who exc
cuted the foregoing and within instru-
ment, and who are mentioned In the
same and they and each of them ack- /
nowledged to me that they and each
of them executed the said articles of |
Incorporation of the Meridian Oil .
Company for the purposes and consid-
erations therein expressed.
Given under my hand and seal Of
office this 10Th of February, 1902
(Notarial Seal.) JOHN c. BEWLEY,
Notary Public in and for the County
of Los Angeles, State or California
My commission expires October 29th,
1908.
First pub. March IA, 1902.
The auction sale of lots in University
Home Addition. which will occur on
the 27th of this month. will afford
those who desire to own a piece of
residence property. a splendid oppor-
tunty to do so at a nominal price The
lots will be sold without reservation.