Arizona republican., 1902-04-25

stock so issued shall thereupon and
thereby become and be fully paid up
and worcestershire and the Judgment
of the Directors. at the time of sucn
purchase. as to the value OF the ser
vice. labor. or property purchased 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 Sec
rotary of Arizona, and the termination
thereof shall be twenty-five years
thereafter.
Fifth: The highest amount of in
debtedness or liability, direct or con-
tingent. to which this corporate shall
subject itself at any time is Five Mil
lion Dollars C$5,00O,0O0.
Sixth The private property of the
stockholders of this corporation shall
be exempt from its corporate debts.
Seventh: The officers of this cor
poration to conduct its affairs shall
consist Of a President, Secretary and
Treasurer and Board of three or mora
Directors, who shall be elected annu-
ally by the stockholders of the corpo-
ration. The President, Secretary and
Treasurer shall be Directors; and one
or more Vice Presidents may also be
elected in the same manner as the
other officers
Eighth The officers, in addition to
the powers and authorities by statute
and by the bylaws expressly conferred
upon them, may exercise all such pow
ers and do all such acts and things as
may be exercised or done by the cor
poration. but subject nevertheless, to
the provisions of the statute, of this
Charter, and to any regulations that
may from time to time be made by
the stockholders, provided that no reg
ulations so made shall invalidate any
provisions of this charter, or any prior
acts of the officers, which would have
been valid if such regulations had not
been made.
The corporation may in its bylaws,
specify the powers and duties of the
officers and Directors, and may pre-
scribe the number necessary to con-
stitute a quorum, of its Board of Di-
rectors. which number may be less
than a ma jority of the whole number.
The Board of Directors may desig-
nate two or more of their number to
constitute an Executive Committee,
which Committee shall for the time be-
ing, as provided by the bylaws of said
corporation, have and exercise all the
powers of the Board of Directors in the
mana cement of the business affairs OF
the company.
The Board of Directors shall not
have power without the assent or vote
of majority of the stock outstanding
to make, alter. amend or rescind the
bylaws of this corporation.
The Directors shall have power to
hold their meetings, to have one or
more officers, and to keep the books OF
the corporation at such places as may
be from time to time designated by
them.
In voting upon any question, absent
stockholders or Directors may vote by
written ballot. and such written ballot
shall be considered a true vote.
II is the intention that the objects
specified in the second article shall, eX-
cept where otherwise therein expressed,
be no wise limited or restricted by ref
erence to or inference from the terms
of any other clause or article in this
Charter. but that the objects specified
in each Of the clauses Of said second
article shall be regarded as independ-
ent objects.
! IN WITNESS WHEREOF, We have
hereunto set our hands and seals this
Twenty fourth day of February. 1902.
| MELVIN C. GRAY. (SeaD
ELIJAH II. STANLEY. (SeaD
| ROGER S. OLDS. (SeaD
! AS to NJ. c. Gray and E. H. stanley,
T. w. ASTON. Witness,
JESSIE NJ. GOURLAY. Witness.
AS to Roger S. Odds.
A. f. JOHNSON, Witness.
j. r. COCHRANE
State of Michigan.
County of Wayne, SIS.
| On this oath day of February in the
year 1902 before me ]. P. Allen a No
| tary Public in and for the State and
County aforesaid. residing therein
duly commissioned and sworn, person
ally appeared Melvin c. Gray and Eli
| jah H. Stanley, known to me to be tbs
persons described in, whose names are
subscribed to, and who executed the
annexed instrument and they ac-
| knowledged to me that they executed
the same for the purposes and consid-
erations therein expressed.
IN WITNESS WHEREOF, 1 have
hereunto set my hand and affixed my
official seal, at my office in the said
State and County, the day of the yea,
| last above written.
(Notary Seal) J. P ALLEN,
Notary Public
My commission expires 18th day OF
June, 1904.
State of Minnesota,
County of Carlton. SIS.
On this 3rd day of Mch, in the yeal
1902 before me a. E. Johnson, a No
tary Public in and for the State anC
County aforesaid. residing therein, duly
commissioned and sworn. personally
appeared Roger S. Olds, known to ms
to be the person described in, whose
name is subscribed to. and who exc
cuted the annexed instrument, and he
acknowledged to me that he executed
the same for the purposes and consid-
erations therein expressed.
IN WITNESS WHEREOF, L have
hereunto set my hand and affixed my
official seal, at my office in the sale
State and County, the day of the yeal
last above written.
| (Notary Seal)
Z. a. JOHNSON,
Notary Public