Arizona republican., 1902-12-26

own, handle and control letters patent and inventions, and shares of capital stock of other corporations; to 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 capital 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 it to the same extent that a natural person might or could do; and in gen eral to do all things necessary to the proper conduct of business of this corporation in this 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 five hundred thousand dollars $500 000), divided into five hundred thousand shares of the par value of one dollar ($1.00) each. At such 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 transfer to it of real or personal property for the uses and purposes of said corporation. in pay ment for which shares of the capital stock of said corporation may be is sued. and the capital stock so issued shall thereupon and thereby become and be fully paid up and non-assessa- ble, and in the absence of actual fraud in the transaction the judgment of the directors as to the value of the prop erty 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 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 a board or three directors, and the following named shall constitute the board O. di- rectors until their successors are elected: Mark Silber, Myer Cohn ana Sigmund Frieberg. Thereafter the board of directors shall be elected from among the stockholders as the bylaws of the corporation may provide. The officers of said corporation until their successors are elected shall be: MyeT Cohn. president; Sigmund Frieberg. vice-president; Mark Silber, secretary. Mark Silber. treasurer.
 Sixth: The highest amount of in- debtedness or liability, direct or contin- gent, to which this corporation Is aI any time subject shall be two hundred thousand dollars ($2OO 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 hereuntc set our hands and seals this 2Oth day of October. 1902.
 MARK SHEER, (Seal)
 INFER COIN, (Seal)
 SIGMUND FRIEBERG. CSealO State of Indiana,
 County of Marion ss
 On this, 20th day of October in the year 1902. before me, Lawrence B. Da- wis. notary public in and for the state and county aforesaid. residing therein, duly commissioned and sworn. personally appeared Mark Silber, Myer Cohn and Sigmund Frieberg, known 10 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.
 (Seal) LAWRENCE B. DAVIS,
 Notary Public.
 My commission expires September 9, 1903.
 Territory of Arizona,
 County of Maricopa, ss. l. E. F. McFall, county recorder in 1 and for the county and territory afore- said, hereby certify that l have com pared the foregoing copy with the or iginal articles of incorporation of TH z SHEER COMPANY. filed and re- corded in my office on the 25th day of October 1902, in Book NO. F of Incor- porations. at page -, and that the same is full. true and correct copy of such original. and of the whole thereof
 Witness my hand and seal of office. this 18th day of October, 1902 (Seal) B. F. McFALI, County Recorder.
 By A. s. ARTHUR, Deputy. Filed and recorded in the office of the secretary of the Territory of Arizona this 18th day of October. A. D. 1902. at 2 D. m.
 ISAAC T. STODDORD, Secretary of Arizona.