Arizona republican., 1903-02-03

T control letters patent and inventions and shares of capital stock of other corporations; to borrow money and eX ecute notes, bonds, mortgages, or deeds of trust to secure the same. and to eX- | ercise in respect of all such bonds, mortgages, notes, shares of capital stock and other securities and Obliga- tions 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 q natural person might CT i could do and in general to do all things necessary to the proper conduct of the business of this corporation In the territory and elsewhere. not incon- sistent with the laws of the United States or the Territory of Arizona
 Third. The authorized amount Of capital stock of this corporation shall | be five hundred thousand S500.0OO) dollars, divided into five hundred thou sand shares of the par value of one dollar each. At such a time as the board of directors may direct. said cap ital stock shall be paid into this corpor- ation, either in cash or by sale or transfer to it of real or personal prop erty for the use and purpose of said corporation. in payment for which shares Of the capital stock of this cor poration may be issued, and the capital stock so issued shall thereupon and thereby become and be fully paid up and non- -assessable, and in the absence of actual fraud in the transaction the judgment of the directors as to the value of the property 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 in- corpora ton in the office of the secre- tary of Arizona. and the termination thereof shall be twenty-five years after.
 Fifth. The fairs of this corporation shall be conducted by a board of eleven directors, and the following named shall constitute the board of directors until their successors are elected: Charles T. Gilbert, 90 La Sale St, Chicago.
 c. R. swartout, 200 Adams St., Chi cago.
 stephen D. May. s5 Dearborn St, Chi cago.
 Joseph P Birren, 1O11 Medinah Tenn pie. Chicago.
 Joseph w Hill. 4 Lake St. Chicago
 Sheldon Leavitt. 100 State St.. Chi cago.
 Theo. Emery, R-712 Medinah Temple Chicago.
 D. s. Anderson. 14-16 Board of Trade Chicago.
 P. l.. Daniels, Berkeley. California Willard l.. Cobb. Evanston. Illinois.
 =. B. Wilson. 7S3 West Madison St. Chicago.
 Thereafter the board of directors shall be elected from among the stock holders as the bylaws of the corpora ton may provide.
 Sixth That any and all meetings oi the stockholders or board of directors or officers of this corporation may be held not only in the Territory of Art- zona, but anywhere outside of the ter ritory of Arizona as from time to time may be provided by the bylaws of this corporation.
 Seventh That the stockholders oi this corporation at any stockholders meeting or corporate election of this corporation, shall be entitled to vote l, either in person or by proxy. the stock owned by them in this corporation, ir the manner provided. and subject tc , the provisions of the bylaws of this corporation. as the same may be adopt ed from time to time. Eighth. These articles of incorpora- ton may at any tune be amended CI changed in any respect or new pro- visions added thereto by the affirmative vote of majority of the stockholders Such amendment, change or addition shall be signed and acknowledged by the president and attested by the secre- tary of the corporation, and. no sucr amendment, change or addition shall be valid unless recorded and published as the original articles are required tC be.
 Ninth The highest amount of in- debtedness, direct or contingent. tC which this corporation is at any time subject shall e five thousand ($5,0OO) dollars.
 Tenth. The private property Of the stockholders of this corporation shal be exempt from corporate debts of any kind whatsoever.
 h witness whereof, we have hereun- to set our hands and seals this 3rd day of January. 1905.
 CHARLES Y. GILBERT,
 C. R. SWARTOUT,
 JOSEPH w. HILL,
 STEPHEN D. MAY. State of Illinois,
 County of Cook, ss.
 On this 3rd day of January, in tht year A. D.. 19O3 before me, Lillian M Rhode, notary public in and for tho state and county aforesaid, residing : therein. duly commissioned and sworn personally appeared c. R. Swartouc anu Stephen D. May, Charles T. Gil bert and Joseph w. Hill known to mt to be the persons described in, whosC , hands are subscribed to, and who exc ) cuted the annexed instrument, ant 5 they acknowledged to me that they eX l ecuted the same, for the purposes anC . considerations therein expressed. ? In witness whereof. I have hereuntC set my hand an affixed my official seal at my offlce in the said state and coun ty, the day and year last above writ ten.
 (Notary Seal) LILLIAN M. RHODE. My commission expires Decembel 12th, A. D., 1906.
 ', Territory of Arizona,
 County of Maricopa, ss.