Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1903-10-22

Board of Directors may be held, and the
Corporation may have such branch of.
fees either within or without the Ter
ritory of Arizona as may be established
by the Board of Directors.
Second: The general nature of the
business proposed to be transacted by
this Corporation is as follows:
To make contracts: to purchase
lease. bond. locate or otherwise acquire.
own. sell. exchange or otherwise dis :
pose of. pledge. mortgage. hypothecate
and deal in real estate and any and all
kinds of personal property. water
rights and machinery; to do ii general
mercantile business: to own. handle
and control letters patent and inven-
tions and shares of capital stock Of
other corporations; and to run. lease
own, operate and maintain amusements
of all kinds Whatsoever name or natur =
and in general to do all things neces-
sary to the proper conduct of the bust
ness of this corporation in the Terri
tory of Arizona and elsewhere not in
consistent With the laws of the United
States and the Territory of Arizona.
Third: The authorized amount of
capital stock of this Corporation shall
be ten thousand dollars ($10.O0O.OO) di-
vided into ten thousand shares of the
par value of one dollar (S1O0) each, of
which five thousand $4,000 shall be
eight per cent preferred annual divi-
dend paying stock and five thousand
$4,000 common stock. At such time
as the Board of Directors may by reso-
luton direct, said capital stock shall nc
paid into this Corporation. either in
cash or by the sale and transfer to it
of real or personal property for the uses
and purposes of said corporation in
payment for which shares of the capt.
tai stock of said corporation may be
issued, and the capital stock so issued
shall thereupon and thereby become
and be fully paid up and non-assess-
able and in the absence of actual
fraud in the transaction the Judgment
of the Directors as to the value of the
property purchases shall be conclusive.
Fourth: The time of the commence
ment of this Corporation shall be the
date of the filing OF certified copy of
these Articles of Incorporation accord
ing to law and the termination there
of shall be twenty-five years there
after.
Fifth: The affairs of this corporation
shall be conducted by a Board of Di-
0
CD and not more than five 90. ami
the following named shall constitute
the Board of Directors until their sue
cessorS are elected: John Winter, Hugh
Connolly, Edwin \. Barnhart. There
after the Board shall be elected from
among the stockholders on the first
Tuesday in November of each year. Tho
officers of said Corporation until their
successors are elected shall be:
President Edwin A. Barnhart.
Secretary. Hugh Connolly.
Treasurer, John Winter.
Sixth: The highest amount of in
debtedness or liability direct or con-
tingent. to which this Corporation is at
any time subject shall be one thousand
dollars $1.O0O.00). which amount does
not exceed two thirds of capital stock.
Seventh: The private property of the
stockholders of this corporation shall
be exempt from corporate debts of any
kind whatsoever.
IN WITNESS WHEREOF. We have
hereunto set our hands and seals this
18th day of October. 1903.
JOHN WINTER.
HUGH CONNOLLY.
EDWIN A. BARNHART.
State of Michigan,
County of Wayne. IS.
On this 18th day of October. in the
wear 1903, before me Delbert C. James,
Il notary public in and for the State
and County aforesaid. residing therein.
duly commissioned and sworn, person.
ally appeared Edwin A. Barnhart. Hugh
Connolly and john Winter. known tn
me to be the persons described in,
whose names are subscribed to. an
who executed the annexed instrument,
and they acknowledged to me that they
executed the same for the purposes and
| considerations therein expressed.
IN WITNESS WHEREOF, l have
hereunto set my hand and affixed my
! Official Seal. at my office in the said
State and County, the day and year
last above written.
DELBERT C. JAMES,
Notary Public in and for Wayne
| County. Michigan.