Arizona republican., 1903-04-13

as may De deemed eXpeulSllt, Ioi Sucli price and in exchange for such property or services as the board of directors may think proper.
 (e) To pay out of the funds of the company all expenses of or incident to the formation. registration and adver- tisement of the company and the issue of it's capital stock, including brokerag> and the remuneration of any person, | firm or corporation for services rem dered in placing, assisting to place, or guaranteeing the placing of any Of the shares of the capital stock. notes. de- bentures or other securities of the company, or in or about the promotion of the company and the conduct of it's business.
 G) To issue preference shares, notes. | bonds, mortgages and other evidences of indebtedness and secure payment of same by bond, mortgage, deed of trust. | or other instruments of like nature upon the property of the company, and to buy, sell or otherwise deal in notes, bonds and stocks of other corporations. O To do all such things as seem necessary or proper to carry out the objects Of this corporation and which are calculated, directly or indirectly, to further the workings and development of any concessions, rights or properties of the company, or otherwise to benefi: l the company.
 Fifth: That the authorized amount of capital stock of this corporation shall be Three Million Dollars $3,0OO,oOO) divided into three million (3,O00, 0O0) shares of the par value of One Dollar (SD each, which capital stock shall, at sich time as the board of directors may decide upon, be paid into this corpora- ton either in cash or by the safe and transfer to it of real or personal prop crty for the uses and purposes of said | torporation, and shares of the capital stock shall be issued therefor and the capital stock so issued shall thereupon and thereby become and be fully paid and non -assessable; and in the absence of actual fraud in the transaction, tlle judgment of the directors as to the value of the property purchased shah
 be conclusive.
 Sixth: That of said three million
 (3,000,000) shares of capital stock one
 million Q,O0O, OOO) shall be placed in the
 treasury of said company.
 Seventh. That the highest amount Of
 indebtedness or liability, direct or con-
 tingent, to which this corporation is at
 any time subject shall be One Million Dollars ($1,000, ,0GO).
 y Eighth: That the private property of the stockholders of this corporation !, shall be exempt from corporate debts Of any kind whatsoever.
 Ninth: That the affairs of this cor , poration shall be conducted by board of seven @ directors and the following
 named persons shall constitute the
 board of directors until the first annual meeting of the stockholders of said
 corporation:
 Geo. w. Fredrick, Kokomo, Ind;
 John E. Fredrick, Kokomo, Ind
 Harry Ward, Kokomo, Ind:
 Lewis N. Cook. Marion, Ind;
 T. K. Clark, Boise, Idaho; . Thomas Harris, Kokomo, Ind: W. S. Ellis, Anderson, Ind
 and that at such meeting and each an-
 nual meeting thereafter the members
 of said board shall be elected from
 among the stockholders as the bylaws
 of the corporation may provide. Tenth: That the time of the com
 mencement of this corporation shall be
 he date of the filing of these Articles
 of Incorpora tion in the office of the Sec
 retary of Arizona. and the termination
 thereof shall be twenty-five (25) years , thereafter.
 IN WITNESS WHEREOF, we have } hereunto set our hands and seals this . - day of --. 1903 . GEORGE w. FRIEDRICH. (Seal J. E. FREDRICK (SeaD LEWIS N. COOK. (SeaD
 State of Indiana,
 County of Howard, ss. ! On this Fist day of February, in the , year 1903, before me, a Notary Public
 in and for the state and county afore- said, residing therein, duly commis- : stoned and sworn, personally appeared
 J. F. Fredrick and G. w. Fredrick known to me to be the persons dc scribed in, whose hands are subscribed l to, and who executed the annexed in- strument, and they acknowledged to . me that they executed the same for ? the purposes and 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 i, written.
 3 (SeaD
 SHILOH s. SHAMBAUGH, Notary Public.
 My commission expires July 18th, 1906. ) State of Indiana,
 3 County of Grant, ss. On this 18th day of February, in the
 year 1903. before me, T. F. Gwin a Notary Public in and for the state and ) county aforesaid, residing therein, duly
 commissioned and sworn, personally ? appeared Lewis N. Cook, known to me
 to be the person described in, whose i hand is subscribed to, and who executed 8 the annexed instrument, and he ac- , knowledged to me that he executed the 3 same for the purposes and considera- , tions 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 2 written.
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