Arizona republican., 1903-10-24

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 a general mercantile business; to own, handle and control letters patent and inVen- tions and shares of capital stock ot other corporations: and to run lease
 own, operate and maintain amusements of all kinds whatsoever name or nature and in general to do all things neces-
 sary 10 the proper conduct of the busi-
 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
 ne ten thousand dollars ($10,0OO.O0) di- Vided into ten thousand shares of the | par value of one dollar (S10O) each. of which five thousand (5.0O0) shall be eight per cent preferred annual divi- dend paying stock and five thousand | (5.00O) common stock. At such time
 as the Board of Directors may by reso- lution direct, said capital stock shall he 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 capi- 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 a 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- rectors to consist of not less than three (3) and not more than five (5), and the following named shall constitute the Board of Directors until their sue , cessors are elected: John Winter. Hugh Connolly. Edwin A. 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 ($1.0O0.0O), 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
 12th day of October, 1903.
 JOHN WINTER
 HUGH CONNOLLY, EDWIN A. BARNHART
 State of Michigan.
 County of Wayne. ss.
 On this 18th day of October. in the year 1903. before me. Delbert c. James, d 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 to me to be the persons described in whose names are subscribed to- anl Ivrrl,, al 1,a i'm -f Inf
 and they acknowledged to me that they
 executed the same for the purposes and 1 considerations therein expressed. IN WITNESS WHEREOF, I 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.
 l Commission expires Oct g. 19O6