Arizona republican., 1903-10-13

Arizona shall be the City of Detroit. place meetings of the Board of Direc- tors may be held, and the corporation may have such branch offices either within or without the Territory of Ari- zona as may be established by the Board of Directors.
 Second The general nature of the business proposed to be transacted by the corporation is as follows, to-wit: To purchase. lease. bond, locate or otherwise acquire. own, exchange, sell or otherwise dispose of, pledge. mort gage, hypothecate and deal in any and all kinds of personal property, mines, mining claims, oil lands, min eral lands, oil gas, asphaltum. petroleum. water and water rights and machinery, and to work, mine. explore, operate and de- velop the same. To do general merchantile business; to own, handle and control letters patent and inven-
 tions and shares of stock of other cor porations: to borrow money and exc cute notes, bonds, mortgages or deed
 of trust to other securities and obli-
 gations, and 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 natural
 person could or might do; and in gen.
 eral to do all things necessary to the
 proper conduct of this corporation in
 the Territory and elsewhere. not in consistent with the laws of the United States or the Territory of Arizona.
 Third The authorized amount of
 capital stock of this corporation shall
 be one million dollars ($1,000.000) divid- ed into shares of the par value of one dollar ($1.) each. At such time as the Board of Directors shall by resolution direct, said capital shall be paid into this corporation, either in cash or by the sale and transfer to it, for the use and purpose of said corporation, of such real or personal property and at such valuation as the Board of Di- rectors may determine; whereupon cer- tifcates of stock may be issued. and the capital stock So issued shall there upon and thereby become and be fully paid and non-assessable, and in the absence of actual fraud in the trans action the judgment of the Board Of Directors as to the value of the property so purchased shall be con- elusive.
 Fourth. The time of the commence ment of this corporation shall be the 1 date of filing these Articles of 1ncor- | poration in the office of the auditor of Arizona, and the termination thereof 1 shall be twenty-five years thereafter. l Fifth. The affairs of this corpora tion shall be conducted by board of not less than five or more than ten di-
 rectors who shall be elected at the | annual stockholders meeting to be held | the second Monday in January of each | year and in such manner as shall be | prescribed by the Bylaws, and when
 elected they shall hold office until their | successors are elected Jonathan A. Zahn, William Johnston, Jay J. Del
 bridge, Luther P. Holt and Wm. J. R.
 Johnston shall constitute said board of 1 directors from date hereof and shall constitute said board until the next l annual meeting of stockholders or until 1 their successors are elected and quail | fled.
 Sixth The highest amount of in | debtedness or liability direct or contin- gent to which this corporation shall
 at any time subject itself is two hun- dred thousand dollars ($200 GOOD. Seventh. The private property of the stockholders of this corporation shall | be exempt from corporate debts of any | kind whatsoever.
 Tn witness whereof. we have here
 unto set our hands and seals this tenth 1 day of September. A. D., 1903.
 | Jonathan A. Zahn, (Seai.) William Johnston. (Seal-) Jay J. Delbridge, (Seal.)
 Luther P. Hit. (Seal.) 1 Vim. J. R. Johnston, (Seal)