Arizona republican., 1903-10-14

Arizona shall be the City of Detroit. in the State of Michigan. at which 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. asphaltunl. petroleum, water and water rights and machinery, and to work, mine. explore. operate and de- velop the same. To do general nerchantile 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 obl!- gations, and any and all rights, powers, and privileges O; individual owners thereof. including the right to vote upon any shares of stock held by it to the same extent that a natural person could or might do; and in gen. eral to do all things necessary to the proper conduct of this corpora tion in the Territory and elsewhere. rot i'm consistent with the laws of the United States or the Territory of Arizona.
 Third. The authorized amount of a he one million dollars (s1,0OO.0O divid ed into shares of the par value of one dollar (s1.) 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 oi said corporation. of srch real or personal property and at such valuation as the Board of Di- rectcrs may determine; whereupon cer- tihcates 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 tire property so purchased shall be con elusive.
 Fourth. The time of the commence ment of this corporation shall be the date of filing these Articles of Inco-- poration in the office of the auditor 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 Of not less than five or more than ten d. reotors 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 rreecribed by the Bylaws. and when cleo ted 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 "t directors from date hereof and shall constitute said board until the next annual meeting of stockholders or until their successors are elected and quail ! fled.
 i 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 1 dred thousand dollars (s2C0.000). Seventh. The private property of the i stockholders of this corporation shall | be exempt from corporate debts of any
 kind whatsoever.
 In witness whereof, we have here
 unto set our hands and seals this tenth day of September. A. D.. 1903. | Jonathan A. Zahn, (Seal.) William Johnston, (Seal)
 Jav J. DelbridEe, (Seal) Iuther P Holt (Seal.)