Arizona republican., 1903-10-11

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. asphaltum, petroleum. water and water rights and machinery. and to work, mine, explore, operate and de- velop the same. To do a general merchantile 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 obli- gations, and 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 natural person could or might do: and in gen eral to do all things necessary to the proper conduct oN this corporation in the Territory ard elsewhere, not in consistent with the law of the United States or the Territory of Arizona.
 Third. The authorized amount of capital stock of this corporation shal! be one million dollars (s1,000.0 .000) divid- ed into shares nf tho par value of one dollar ($1.) 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 O. said corporation. of such real or personal property and at such valuation as the Foa"a of Dl- rectors may determine: wherenOon rer- tifica tes of stock may be issued and the capital stock so issued shall there upon and thereby become and be fully paid and non-asSee~a ble, and in the absence of actual fl aud In the trans action the judgment of the Board of Directors as to the value of the nroperty SO purchased shall be con- elusive.
 Fourth. The time of the commence ment of this ccrpcration shall be the date of fling these Articles of 1ncor- pora ton in the office o: the auditor of Arizona. and the termination thereof shall be twenty-five years thereafter Fifth. The affairs of this corpora ton shall be conducted by a board of not less than five or more than ten di- rectors who shall be elected at the 4o I,.,1 ,oId the second Monday in January of each year and in such manner as shall be prescribed by the By-Laws, and when elected they shall hold office until their s,,cr ~ssors are elected. Jonathan A. Zahn, William Johnston, Jay J. Del bridge Luther P. Holt and Wm. J. R. Johnston shall constitute said board of directors from date hereof and shall constitute said board until the next annual meeting of stockholders or until their successors are elected and quail fed.
 Sixth The highest amount of in- debtcdness or liability direct or contin- gent to which this corporation shall at any time subject itself is two hum dred thousand dollars ($200,000).
 Seventh. The private property of the stock ohlders of this corporation shall be exempt from cor oorate debts of any kind whatsoever.
 Tn witness whereof. we have here unto set our hands and seals this tenth day of September. A. D., 1903.
 Jonathan A. Zahn, (SealD William Johnston, (Seal.) Jay J. Delbridge, (SeaD Luther P. Holt. (Seal.)
 Wm J. F. Johnston. (SeaD