Arizona republican., 1903-05-23

l otherwise: to borrow money and exc cute notes, bonds, mortgages or deeds
 of trust to secure the same: to exercise
 in respect to all of said bonds. mort
 gages, notes, shares of capital stock | securities and other obligations, any and all the rights and powers of indi-
 vidual owners thereof.
 (g) To guarantee the payment of dividends or interest on any shares, stocks. bonds, debentures of other se- curities issued by, or any other con-
 tract or obligation of any person, firm. | association or corporation with whom,
 or with which this corporation may at any time have contractual relations.
 (h) To apply for. purchase or other wise acquire and hold, own, use, opa-
 rate. and to sell, assign or otherwise
 dispose of. or to grant licenses in re- spect of. or otherwise turn to account any and all inventions. Improvements, processes and formulae. used in con- nection with said company's business and letters patent of the United States.
 the Republic of Mexico, or any foreign country.
 G To do all and everything neces- sary suitable and proper for the ac- ! complishment of any Of the purposes,
 or the attainment of any of the ob- iects. or the furtherance of any of the | powers hereinbefore set forth. either as principal or agent, or in assQciation with other corporations firms or in dividuals: and to do every other act or acts. thing or things Incidentally per taining to. or growing out Of. or con nected with. the aforesaid business or | powers or any parts thereof. provided the same be not inconsistent with the
 laws Of the Territory of Arizona. or | the laws of the place where said powers are exercised.
 FIFTH: The total authorized capi- tai stock of this corporation shall ba one hundred and fifty thousand dollars ! C$15O.OCO), divided into fifteen hundred shares of the par value of one hundred dollars ($100) each. At such time as the Board of Directors may by resolu- tion direct. said capital stock shall be paid in, either in cash or by sale ami transfer to the corporation of real O. personal property for the uses and pur- poses of said corporation. and the shares of capital stock issued therefor shall thereupon become full paiG and non -assessable; and in the absence of actual fraud. the judgment of the d.. rectors as to the value of the property purchased shall be conclusive.
 SIXTH: 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 Coun- ty Recordef of Maricopa county. Ari zona, and the termination thereof shall be twenty-five years thereafter. SEVENTH: The affairs of this cor operation shall be conducted by a board
 of three directors and the following
 named shall constitute such board uu- til their successors are elected: Will
 liam l. Overstreet. Sylvan Lehmayer and Adolph Gagg. Thereafter the Board of Directors shall be elected from
 among the stockholders on the first
 Monday in May of each year.
 The officers of said corporal tiOn until
 their successors are elected shall be: William I. Overstreet, President. Sylvan Lehmayer. Secretary. Adolpb Gagg. Treasurer.
 EIGHTH: The Bylaws of this cor
 poration shall be framed by the Board Of Directors, and said directors shall have power to alter, amend and rescind
 the same at any general meeting of the board, or at a special meeting called
 for that purpose.
 NINTH. The highest amount of in debtedness or liability. direct or con- tingent. to which this corporation is a any time subject, shall be one hundred
 thousand dollars (S1OO,OOO), which amount does not exceed two-thirds of
 the capital stock.
 TENTH: The private property of the
 stockholders of this corporation shall
 be exempt from the corporations debts of any kind whatsoever
 IN WITNESS WHEREOF. we have hereunto set our hands and seals this
 18th day of April. 1903.
 WILLIAM l. OVERSTREET. (SeaD
 SYLVAN LEHMAYER. (SeaD ADOLPH GAGG. (SeaD State of New York.
 County of New York, ss.
 On this 2Stn day of April. in the yea
 1909. before me. Florence B. Key. a No tary Public, in and for the State an1 county aforesaid. and duly commission ed and sworn, personally appeared Will liam ]. Overstreet. sylvan Lehmayer and Adolph Gagg. to me known aud known to me to be the persons describ- ed in. whose names are subscribed to. and who executed the annexed instru ment, and they acknowledged to me that they executed the same for the i purposes and considerations therein ex- ! pressed
 ] IN WITNESS WHEREOF. I have hereunto set my hand and affixed my
 official seal at my office in said State ! Il. 1nC | above written.
 | (Nctarial SeaD FLORENCE B. ROY. Notary Public Kings county. Certificate filed in New York county 1 O1g.
 | First published May 1S
 i IN THE DpOP ATE COI-RT