Arizona republican., 1902-08-29

tain and operate power plants. either steam, electric or water, and for trans portation, use and sale of the power and to draw, accept and negotiate bills of exchange, promissory notes and other negotiable instruments that may be necessary or convenient in the pros ecution of its business, and to borrow money and secure the payment of same by mortgaging or otherwise pledging its property.
 Third: The amount of capital stock authorized is one million five hundred thousand dollars, to be divided into one million five hundred thousand shares of the par value of one dollar each, which is to be paid in cash or property within one year.
 Fourth: The corporation will be in business on the sixth day of August. A. D. nineteen hundred and two and terminate in twenty-five years from that date.
 Fifth: The affairs of the corporation will be conducted by a Board of Di- rectors consisting of not less than three or more than seven persons, as may be provided in the bylaws of the corpora ton, and by a President. Vice President, Secretary and Treasurer, and at the option of the Board of Di- rectors, and assistant Treasurer and assistant Secretary and an executive committee.
 Elections of Directors shall be held annually on the first Wednesday in August and election of officers at the first meeting of the Board of Direct ors thereafter.
 Sixth: The highest amount of in- debtedness or liability to which this corporation shall at any time subject itself is one million dollars.
 Seventh: Private property of the members of this corporation shall be exempt from corporate debts.
 Eighth: Among the powers of this body corporate shall be:
 1. To have perpetual succession. 2 To sue and to be sued by the cor porate name.
 g. To have common seal and alter the same at pleasure.
 4. To render the shares or interests of the stockholders transferable and prescribe the mode of making such transfers.
 2. To exempt the private property of members from liability for corporal te debts.
 6. To make. contracts. acquire and transfer property, possessing the same power in such respects as private in- dividuals now enjoy.
 :. To establish bylaws and make all rules and regulations deemed eXpe- dient for the management of their af- fairs not inconsistent with the consti- tuition and laws of the United States and the Territory of Arizona.
 In Testimony Whereof. we have hereunto set our hands and seals this sixth day of August, in the year A. D. one thousand nine hundred and two.
 J. A. PAULHAMUS (SeaD
 RICHARD HOPKINS (SeaD
 CHAS. L. HEVERIN (SeaD State of New York,
 City and County of New York. ss. On this sixth day of August, 1902, be- fore me personally came J. A. Paul. hamus, Richard Hopkins, Charles L. Heverin, known to me and known tC me to be the individuals who executed the foregoing Articles of Incorporation and they. each of them. acknowledged to me that they executed the same.
 (SeaD
 w. VAN DER HOEVEN,
 Notary Public N. Y. Co. 1O3 Territory of Arizona,
 County of Maricopa, ss.
 l. B. F. McFall, County Recorder ir and fer the County and Territory aforesaid. hereby certify that I have compared the foregoing copy with the original Articles of Incorporation o1 the The American Fuel Oil Company filed and recorded in my office on the f1th day of August. 1902. in Book No II of Interpretations 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 11th day of August, 1902.
 (Seal) E. F. McFALL.
 County Recorder By A. S. ARTHUR, Deputy.
 Filed and recorded in the office O the Secretary of the Territory of Ari- zona this 11th day of August, A. D 1902, at 1 D. m.
 ISAAC T. STODDARD,
 Secretary of Arizona First publication August 24. 1902.