Arizona republican., 1903-01-29

l mercantile DuSlntSSs to ON n, ndllule ana l control letters patent and inventions and shares Of capital stock of other l 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 i stock and other securities and obliga- tions any and all rights, powers and privileges of individual owners thereof. 1 including the right to vote upon any shares of stock held by it to the same | extent that q natural person might or could do and in general to do all 1 things necessary to the proper conduct | of the business Of this corporation Tn 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 $500, ,000) | 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- corporation in the office of the secre- 1 tary of Arizona. and the termination thereof shall be twenty-five years after.
 Fifth The fairs of this corporation shall be conducted by 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. zoo Adams St, Chi. oago.
 stephen D. May, s5 Dearborn St. Chi cago.
 Joseph p. Birren. 1O11 Medinah Tem- pie. Chicago.
 Joseph w. Hill. Lake St, Chicago
 Sheldon Leavitt 100 State St. Chi cago.
 Theo. Emery, R-712 Medlnah Temple Chicago.
 D. s. Anderson. 14-16 Board of Trade Chicago.
 P F. Daniels, Berkeley, California
 Willard l.. Cobb. Evanston, Illinois.
 C. B. Wilson, TS3 West Madison St. | Chicago.
 Thereafter the board of directors shall be elected from among the stock holders as the bylaws Of the corpora tion 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 Ari- 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 ot this corporation at any stockholders meeting CT corporate election of this l corporation. shall be entitled to vote either in person or by proxy, the stock l owned by them in this corporation, IT 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 Ol changed in any respect or new pro- visions added thereto by the affirmative vote Of a 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 (S5,0O0) dollars.
 Tenth. The private property of the stockholders of this corporation shai be exempt from corporate debts of any kind wha tsoever.
 In witness whereof, We have hereun- to set our hands and seals this 3rd day Of January. 1905.
 CHARLES T. GILBERT,
 C. R. SWARTOUT.
 JOSEPH w. HILL,
 STEPHEN D. MAY. State of Illinois,
 County of Cook, ss.
 On this 3rd day of January, in tn, year A. D., 1903, before me, Lillian M Rhode, a notary public in and for the state and county aforesaid, residing therein, duly commissioned and sworn personally appeared C. R. Swartou, anu Stephen D. May, Charles T. Gil bert and Joseph w. Hill, known to mt to be the persons described in, whose hands are subscribed to. and who exc cuted the annexed instrument, anC they acknowledged to me that they ex ecuted the same, for the purposes anC considerations therein expressed.
 In witness whereof. I nave hereuntC set my hand an. affixed my official seal at my office in the said state and coun. ty, the day and year last above writ ten.
 (Notary SealD LILLIAN NJ. RHODE.
 My commission expires December 12th. A. D., 1866.
 Territory of Arizona,
 County of Maricopa, ss. |. I, B. F. McFall, county recorder iT